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Selling Houses That Aren't Built Yet

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http://www.rightmove.co.uk/property-for-sale/new-homes/property-28323229.html?

Is it normal to offer homes for sale on Rightmove when you haven't even started building them yet? A bit of panic from Linden Homes about the state of the property market by next spring, or normal practice?,

Very nice area and good rail link to London.

Certain these will sell even if built poorly. Just a question of price.

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Its a build to order approach, similar to back to back trading. They are not prepared to deal on their own account so won't build anything until someone is fully committed to buying.

http://www.rightmove.co.uk/property-for-sale/new-homes/property-28323229.html?

Is it normal to offer homes for sale on Rightmove when you haven't even started building them yet? A bit of panic from Linden Homes about the state of the property market by next spring, or normal practice?,

Edited by fallingbuzzard

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http://www.rightmove.co.uk/property-for-sale/new-homes/property-28323229.html?

Is it normal to offer homes for sale on Rightmove when you haven't even started building them yet? A bit of panic from Linden Homes about the state of the property market by next spring, or normal practice?,

It's just called buying off plan. It used to be really common when house prices were going up.

Edited by caparn

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Did someone just miss the entire first 7 years of this decade? Does nobody remember queues of people sitting in folding chairs overnight waiting for the sales office on some new block of flats to open?

People made fortunes doing this. Pay a 10% deposit on ten bunch of houses at 100k, price goes up 30k on each one when you sell on completion.

Net outlay, 100k. Net profit, 300k!

Until the market goes tits up and you end up with a developer ringing you up asking for a million quid for flats that are only worth two thirds of that...

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Did someone just miss the entire first 7 years of this decade? Does nobody remember queues of people sitting in folding chairs overnight waiting for the sales office on some new block of flats to open?

People made fortunes doing this. Pay a 10% deposit on ten bunch of houses at 100k, price goes up 30k on each one when you sell on completion.

Net outlay, 100k. Net profit, 300k!

Until the market goes tits up and you end up with a developer ringing you up asking for a million quid for flats that are only worth two thirds of that...

With luck.....1/3 of that :lol:

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  • 259 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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