Spec Home Loans Explained For All to Understand


Welcome to Home Building!

Happy Tuesday, Reader!

Does your homebuilding company build Spec homes? If so (and you're new to the industry), you might wonder exactly how your company gets the money to build those homes.

Now, maybe your company is flush with cash and there is no need for a bank; however, most home builders do need the assistance of a loan to build the house. That's exactly what I explain in this week's article (see link below).

In This Issue

I get it. You have a lot of email, and you don't always have time to read them. So, here's a quick run down of what's in this Newsletter:

  • Terminology Tuesday: PRE-DRYWALL WALK
  • Learn how Spec Home Loans work.
  • Learn how to become the Home Builder your Trades want to work with!

Terminology Tuesday: PRE-DRYWALL WALK

This is an on-site meeting between the Home Builder and the Home Buyer to view the Rough-ins (see definition on this page) and, potentially, make any last-minute changes that will become much more difficult (and expensive) once insulation and drywall begins.


My Latest Posts

How Do Spec Home Loans Work?

This week I'm explaining how Spec Home Loans work - using an example that is easy to follow!

Keep Trades Coming Back for More!

Here's a good article for setting up a Trade Council that the folks at ECI Solutions asked me to write!


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