Finance Side Info on Custom Home Builds?

Something we have not discussed is Custom Built Homes.  Good for some, not for all.  If you know what you're doing and have good advice you should be fine.

First, Home Construction Loans.  These are short term loans for the client to build a home.  The client usually puts 20% down on a construction loan.  It should be remembered by the client though that this loan is in their name not the builder, and given in a lump sum to be disbursed as construction progresses. In these types of Custom Build scenarios, banks wanting to limit their risk, check out the contractor and their references.

One of our co-workers who specializes in land for new construction says that land can be anywhere between $20K-$200K all depending on the location and size.  Factors influencing price can be hill side, mountain top, wooded/forested, flatland, etc.

Although many clients build for themselves and their unique tastes, they should always remember that their tastes are should be tempered in case of emergency and have to sell the home.  Resale should always be thought of as a possible future what if.  If worse comes to worse always make sure that it can be resold without difficulty.  Know what you can afford, do your research, get educated, don't go over your limit.  As always for help on who to get for a contractor/builder you can go find reviews or go to the BBB and see what their rating is.  Remember when you minimize your own risk, you maximize your future happiness and ease of mind.

Today's Tidbit:  Redstone Federal Credit Union will be opening a new Full Service branch on Redstone Arsenal at 5216 Mills Road, south of the new shoppette and near the child development center.  Redstone Federal Credit Union President and CEO Joseph H. Newberry states: "This new branch will allow us to provide more convenient service to Redstone Arsenal personnel.  The credit union was originally chartered to serve Redstone Arsenal so we have maintained a strong relationship with the arsenal, and are always looking for ways to better serve them."

Huntsville Metro Area Homes

Even Real Estate Agents Get Telemarketer Calls

Yes even Real Estate Agents get telemarketing calls!  Overall they're more rude than ones that go out to the general public.  Most of the time our telemarketer calls get stopped by the front desk.  Then there are other times when they call on the cell immediately and constantly, or even leave voicemails.  From personal experience of their calls they are usually very rude and feel they know better than you.  Such corrupt people and their organizations by a few names are Z57 and top of the page.  You don't have to take my word for it, Z57 complaints can be found here, here, and here.  When in doubt ask around or do research, you might find out you can do a lot yourself without paying others.  We are glad to have administrative staff around us to lookout for us.

Z57 is a lead promiser. They send you lots of leads, but they're essentially worthless as the people they give you seems like they got out of a telephone directory.  Some leads aren't in your area, some are dead, some just bought a house.  They are disgusting at worse and disheartening at best.  Corrupt telemarketers like Z57 take thousands of dollars from agents without any compensation in return.

Top of the Page is another type of telemarketer.  Top of the Page isn't really into leads but more into advertising and promising you'll be on top of all the search engines.  Now that is one thing that is physically impossible.  That will only happen through paid links through the search engine itself not a third party fly by night organization.  It is possible to get to the top of the search engines for different searches and that's through hard work on your bio, your website and other social media.  Granted you won't be on every top page as not every search can be guessed on what the user will put in, but you'll have a better shot.  In addition, there are other agents and businesses fighting to get to that same spot. as well as search engine algorithms are always changing as well as how much work/effort those people are putting in.  Agents know their clients and know what types of clients they have.  Third party websites or organizations have no idea whose clients are whose and what the audience the agent is speaking to.  This works on most spectrum of business.

If agents treated their clients like telemarketers treated people, there wouldn't be any clients.  Clients should be treated with care and respect, they are seeking help.  Telemarketers only seek money.

Today's Tidbit:  People or clients may not tell you up front that they need help.  Sometimes they need assurance that they won't be cast off just as another number.  People are special and should be treated like an individual not someone standing in line at the DMV.  Once you communicate more and more with them you can build a certain level of trust, and in a successful business relationship, trust is one if not the most important piece of that relationship.  Its an investment of money and time.  The value must be worth the input to have a successful relationship.

Huntsville Metro Area Homes