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  Trying to Buy Lot to Build but a Builder bought 1 week before! HELP!
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Trying to Buy Lot to Build but a Builder bought 1 week before! HELP! Sign In/Join 
posted
I am debating about selling my home and building a home. However, I went to buy the lots and a builder bought them 1 week before I wrote the offer. I have tried to buy them from him but he said NO, he is not in business to sell lots, he is in business to build homes and that he would only build me house. I do not know him very well and I have a lack of trust. Would love some advice on how to buy the lots from him so that I can use the builder I want to use. Please HELP ME!


Bill Oliver
 
Posts: 3 | Location: Columbia, SC  | Registered: Feb 15, 2014Reply With QuoteReport This Post
Picture of Gwenda
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Move on..use the builder who purchased the lots...move on...offer him a tremendous profit...MOVE ON!
 
Posts: 1171 | Location: DFW Metroplex | Registered: Sep 19, 2002Reply With QuoteReport This Post
Picture of rker321
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Yep, you are getting emotional about any of this, and this will cost you money.
 
Posts: 5009 | Location: 0 | Registered: May 31, 2007Reply With QuoteReport This Post
Picture of Grapefruit
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It is not uncommon for a builder to require that he/she build the house on lots that they own. They may plan to custom build for a buyer or maybe they will build a spec home. You did not say how many lots he owns or if it is a developement.

When a builder has a group of lots together it is important to a custom builder to control the building of the homes. If he is building high-end homes there is an incentive to make certain that all of the homes are of similar quality, etc. Allowing other builders in could negate that. A poorly designed or constructed home could turn off other future buyers.
 
Posts: 3192 | Location: central PA | Registered: Jan 08, 2007Reply With QuoteReport This Post
Picture of Charming
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Move on and find another lot. You might want to work with a real estate agent who can help you find a lot in an area that meets your needs.

When a builder or developer buys or options a group of lots, they might hold onto the lots for several years before allowing a buyer use their own builder.

In my neighborhood - our builder/developer was the only builder for the first several years. About a year after we built he released the remaining lots and since then the new homes that were built for the most part fit into our little neighborhood except for the 1 ranch style that was built with white vinyl siding. GRRRR!


Fun and Info
 
Posts: 3564 | Location: Coastal SC | Registered: Jan 10, 2006Reply With QuoteReport This Post
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