Homes Built for Speculation: Spec Home Rules

spec home rules

When you build a spec home you are creating an asset that will be sold to another person. Spec homes are built in anticipation of a sale; therefore, a construction contract does not exist. You do not use the rules for home construction contracts, which are contracts to build a home with four or fewer [...]

Organize New Construction Warranties with WarrantyElephant.com

WarrantyElephant is a great website designed for storing and organizing warranty information.   For new home construction or custom homes, you often have a ton of warranty booklets and product information scattered about your new home. After moving in, you often have additional work done which may have a warranty associated with the work.  Warranty Elephant allows [...]

Announcement: Changes coming to SpecHomes.com

If you have followed our site since the beginning you have shared our ups, downs, and in-betweens regarding the development of our new home marketing site: spechomes.com. The past 6-12 months have been difficult for the home building industry, and for us too! Every day I find stories online exemplifying the challenges that our industry and fellow home builders face, and because I look for it… [...]

Home Builder Advertising

“Feature your Inventory Homes on SpecHomes.com and drive an overwhelming response from active home buyers on the internet!” A Featured SpecHomes.com listing will appear in some of the most prominent sections of the site as well as appearing highlighted in our inventory home search results. Your featured listing will get premium visibility and increase the audience for your [...]

How does an unsecured loan work?

unsecured loan approval

The interest rates on these loans are often higher than on secured loans and you generally will not be able to get a tax deduction for the interest paid. However, the costs to obtain an unsecured loan are usually lower. And the relative ease of getting this type of loan makes it popular for small [...]

How to Save Money in the New World

new world saving

What a difference nine months make. In the not-long-ago credit-card binge days, one of the “in” things was to own a TV the size of a bus. Today, it’s to have six months of living expenses saved in case you get laid off. Until recently, buying was the social norm; ”having stuff, having name brand [...]

It’s Still Possible to Get a Home Loan

home loan

The days of doling out home loans to just anyone are over. With the nation facing a deepening financial crisis, mortgage banks have tightened their credit standards. Here’s how to get that new home loan: At Fresno-based Murphy Bank, Vice President Richard Laxton says the bank is looking for people with a credit score of 700 [...]

Teaming up with Your Lender for a Loan Modification

Suppose you’re behind on your house payments. You dial the phone number on your most recent mortgage statement, clear the usual hurdles, and finally reach someone who understands your situation and offers to help. You are one of the lucky homeowners who has a cooperative lender. Now what? What can you do to team up [...]

Avoid Getting Hooked by Debt-Reduction Schemes

avoid debt reduction schemes

Get rid of debt fast and easy, for pennies on the dollar. If the deal sounds too good to be true … well … you know the drill. As the jobless rate climbs, many people find themselves falling behind on credit-card bills, struggling with living expenses and bogged down with a mortgage or car payment. [...]

Will Stimulus Benefit Homeowners and Buyers?

stimulus help home buyers

“There are four primary sections of the economic stimulus plan that will benefit home owners and buyers,” said Gibran Nicholas, chairman of the CMPS Institute, an organization that certifies mortgage bankers and brokers. According to Nicholas, these include: 1. Expansion of Home Improvement Tax Credit. ”The tax credit for making energy efficient home improvements is [...]