Most of us are not forced to sell when the market is soft.

Built for $200 sf hard+soft costs with a house approximately 4,000 sf.

I bought an REO in a very soft market.

The interior coils were brushed cleaner and I ordered a box of blue fiberglass filters and told my tenant to switch to fiberglass until it cools off.  

have always had a soft spot for NL (and SE CT in general).

For slightly larger multifamily, we're seeing a little softness, but that's the only effect I've noticed so far.

@Joel Owens I have lodged a soft protest with the bank about the appraiser' assumptions.

It's just about the worst firewood and if somebody wants to mill soft wood then they'll just cut down a pine with a 30ft straight trunk.I don't know much about chinese tallow but some people make bowls out of the wood.... still sounds like it'd be hard to find a buyer.Still... if you've got more time than money you can call around.  

The economy still seems pretty soft in my area so I'm worried about building it and getting stuck with it.How do you estimate construction costs?

So other than the demolition, this is pretty much a spec house new build.Purchase price: $365k, which includes:all building permits and school feesdemolition costfoundation only (raised floor setup), garage concrete floor & driveway are not doneLot size: 7400 sqftNew house size: 2854 sqft + 475 sqft garageBudget in a nutshell: Land & soft cost: $365kRest of the cost (construction, holding costs, commission, etc...): $435k - $535KSale @ $350-$400/sqft ==> $1.15M - $1.15MProfit: $100k - $215k+ Time line Overview:9/13: purchase10/13 - 12/13: finish foundation piers1/14 - 5/14: Underfloor plumbing, subfloor6/14 - current: Framing, Rough of all trades+ Notes:Big gap in times dues to lack of funding, and interferences with clients' projectsAll plans are final, no adjustment/modificationInspections are all done.