Home Purchase: Build To Order?

[Niner National]

Brunswick County is all you have to say.

It's not the same. I worked in BC for the past 2.5 years, and the sledding is tough. No young folks want to live there.

The folks that are buying homes right now, are the 25-35 age group that in the past has rented for ever, or lived in very small older homes. Now with the interest rates at 3.875, and the new home prices between 160-250 even your auto mechanic/waitress family can afford a 2500 sqft home.

Not just college educated folks. If you have anything over 600 credit score, and can come up with $1,000 you can buy a home.

Had a young girl come in the other day with a 700 credit score, that made 35K per year, had no debt, and got approved for 170K.

You don't have to be a doctor or work at PPD to afford a home right now. And the banks are salivating over people with decent credit.

I fall into this group. I'm 25 and make a middle class salary. I bought a townhome in uptown a few months ago. I paid $108 to move in.

100% loan from BB&T and a first time homebuyer assistance forgivable loan from the city covered just about everything.

[Ja Rhule]

What would be closing cost on 240k home in Mecklenburg county (plus minus 1k)?

[Razzy]

Two of my coworkers (married) are going through the same issue. As a renter, right now the pre-fab home idea doesn't sound bad. There's a company that sells them in my area and they have a big lot with a bunch of display models, some are pretty nice and priced below 100k. I don't know what they run in other areas, but those are San Diego prices. Of course, there are a bunch of hidden expenses beyond buying the land to put it on. In the end, the price will likely be similar to buying an existing home except you get to choose where you want to put it.

[Ja Rhule]

Two of my coworkers (married) are going through the same issue. As a renter, right now the pre-fab home idea doesn't sound bad. There's a company that sells them in my area and they have a big lot with a bunch of display models, some are pretty nice and priced below 100k. I don't know what they run in other areas, but those are San Diego prices. Of course, there are a bunch of hidden expenses beyond buying the land to put it on. In the end, the price will likely be similar to buying an existing home except you get to choose where you want to put it.

I'm in a process of completing my contract. I got 0.5 acres of land and base value of the house is 214k. I added 40k worth of additions. Builder gave me 14k off plus guaranteed to pay all my closing cost. All in all its a good deal.