Speculative Builder Tax

speculative builder tax

Speculative builders are subject to real estate excise tax on the selling price of the land along with all attachments including buildings, roads, and other structures. The sale of real estate is not subject to the B&O tax or retail sales tax.   A speculative builder is the consumer of all material incorporated into the real […]

Coto Spec Home Foreclosure 92675

coto spec home 30751 fox run 92675

This hilltop retreat rests on a premier 2.8 acre lot and is equestrian zoned in the guard gated Hunt Club Community. A timeless masterpiece of fine craftsmanship and superb quality. Enter through multiple archways to find a tranquil courtyard with designer fountain. State-of-the-art technology includes a Smart Home system, built-in speakers throughout, touch screen monitors, custom […]

Home builders appraising the new home appraisal rules

Less than three months after new rules for home appraisers kicked in, the real estate industry is in uproar.  Realtors, new home builders, mortgage brokers and the appraisal industry itself all agree the rules are causing problems. Some are backing a bill in Congress to kill them. The new guidelines bar mortgage brokers from ordering […]

Spec Homes Leveled by Bailout Bank

Have you read the headlines surrounding the demolition of 16 never lived in, new homes near Victorville, California? Patrick Thatcher, staff writer for the Daily Press first posted this VIDEO on Youtube. Guaranty Bank says knocking the homes down is cheaper than finishing them, making some wonder if it could happen here. The Texas-based bank has decided to have the […]

Spec Home Solution

CEO discusses new Spec Homes pricing strategy.  SpecHomes.com entered the Home Builder Internet Advertising scene with a great brand, and a new take on an established product offering. But a few months later, began feeling unsatisifed with the initial response received within the building industry. “It just wasn’t enough, we really wanted to make an impact.” Says […]