A spec house is a home that is built on speculation, or includes plans to build a house without a pre-sale of the building. After the spec house is finished, the buyer puts it up for sale. With this type of financial arrangement, a builder can finance up to 90 percent of his project. He [...]
Entries Tagged as 'spec financing'
Spec Home Financing
August 23rd, 2010 No Comments
Tags: financing · spec builder · spec financing · spec home