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Updated 5 months ago,
Newly Constructed SFR - Send to Investors or Lower Price to Unload
I'm a GC/new home builder in South Central Ky and new to BP. I have built 90 - 100 new homes.
My main business strategy has been to build 1200 - 2400 sq ft new SFR as specs. (Sq Footage is determined by deed restrictions.) I am sitting on some 1850 sq ft new turnkey houses in BG, Ky. Homes are priced between $340,900 & $347K and located in a new Sub Div.
I need to move one house so I can begin the next project. So, here's my question.
1. Should I lower the price by $5-6k and sell them the traditional route, or ...
2. Sell the house to investor/investment company looking for a new turnkey SFR?
Note - A few homes in the subdivision are rentals. HOA does not prevent rentals.
I am interested in building a relationship with an investment company or individual investors looking for new construction rentals and thought this house could be a bridge to new relationships.
Thoughts? Who are the investors looking for new construction?