Moving from Texas where everything is "bigger (3000sf is considered a starter home here)," the wife and myself still want a McMansion. The wife prefers a new property if possible. We also have relatives in the "remodeling" business that can do the interior. They built their house from scratched (was their own gen. contractor) and did the entire interior (after drywalling) themselves. Also I don't think this will go for anywhere near 700,000. The pool of people wanting to pick up Mcmansions is small, and one wanting to pick up half finished ones is even smaller.
What's a C+D? I can't figure out the abbreviation.
If it would go for 500k, we could pay cash for it, but would need a loan to finish out the house. Hence we would need to line up a loan before hand. Just wondering how it works.
As far as other Mcmansions in RC, surprisingly, there are few that meets all the wife's criteria. One being really inexpensive (under $140/sf) as that's where I thing the market is heading in RC. I actually think it'll settle around $110/sf. I'm not trying to buy at the absolute bottom, just don't want to be bleed too much catching the falling knife.
There's one house in RC that's REO, but the bank has not released it yet that we're really interested in based on the trustee's sale price. Its a toll brother home, so we know what the floor plan looks like, and the google map picture looks like they have nice landscaping. Best of all, it faces the right direction, and no "4s" in the address.
