I recieved an email from a realtor in Florida thats selling preconstruction sf homes. The builder is asking for $350.00 down and they pay 3k for closing. There is no paymennt thuring construction. I can sell the house once it’s finish.
Does this sound right? Anyone with experience on these types of offers?
This sounds like a scam to me. Where in florida is this SF home being built. A few years ago you could get homes built with very little down but not any more. The lowest I have seen is 5% but that is very rare. It is usually 10 but mostly 20% down.
I too find that hard to believe that builders in Florida would court investors with $350 down.
maybe you misunderstood and its really 35k down.
i’ve paid 5k down, but that was about 8-9 months ago and I think its more like 5-10% now.
but otherwise it is possible. i’ve $500 down deals where the bldr paid $5k in closing costs.