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Updated over 9 years ago, 06/01/2015
New Const SFH - How to structure sale prior to completion?
Hey BP, My first investment property is an empty lot that my partners and I our building a new construction SFH.
We plan to list it prior to completion, within the next week or 2. It is currently framed out, windows, doors, and shingles will go on early next week.
I am looking for some guidance on how you would structure the sale prior to the home being complete. What percentage of the sale price should we require down? Or should we structure the deal with a percentage down and then additional payments as items get complete? Others ideas?
Thanks in advance!
Jeff