New site for selling pre-construction
A day in the SW Florida real estate trenches rarely passes without speaking with someone that has made a deposit on a pre-construction condo. The conversation usually goes something like this:
client: Hey Mark, Whatdoya think about (fill in blank with project name), I bought a condo there?
me: what are your plans, are you going to live there? rent it out or flip it?
client: I am going to sell it or if it doesn’t sell at a profit
rent it out…. (no one ever seems to live in these places)
Since the days of flipping these properties at a serious premium are over, what is the best course of action? While each scenario is different, a new site Sell Your Pre-construction.com provides an outlet for investors to market pre-construction investments directly to consumers. The site charges property sellers a flat $199.99 to advertise a property. What a great idea, I wish I had thought of this!
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Some informative and rather alarming comments from Realtor Mike Morgan about the Pre-construction ghost market