Most builders will put a “sold” button on a property if a “buyer” says he’ll buy a place. If he changes his mind, then it will go back to an “available” pin. This is all before any contract is signed.
And then, even if it does go into contract, there are a surprising number of cancellations. Certainly more in the last year and a half than before.
Not saying that’s the case here, but always something to keep in mind (i.e. builder tactic to increase urgency).
Most builders will put a “sold” button on a property if a “buyer” says he’ll buy a place. If he changes his mind, then it will go back to an “available” pin. This is all before any contract is signed.
And then, even if it does go into contract, there are a surprising number of cancellations. Certainly more in the last year and a half than before.
Not saying that’s the case here, but always something to keep in mind (i.e. builder tactic to increase urgency).
Just wanted to say what sdcellar pointed out, it’ll be more telling to check out the available inventory at Pienza since they usually only allow reservations to hold up the houses for up to one week.
Just wanted to say what sdcellar pointed out, it’ll be more telling to check out the available inventory at Pienza since they usually only allow reservations to hold up the houses for up to one week.
Another note to add… most of those pretty sold pins are people who are floating the rate. If the 10 year runs up then it is possible that a some of those sold pins will become available again.
Another note to add… most of those pretty sold pins are people who are floating the rate. If the 10 year runs up then it is possible that a some of those sold pins will become available again.
I agree with regard to cancellations. As for interest rates, I think it is not certain it continue going up. It could take a breather in the next few weeks after a huge run up it had. Could be a good gamble to float.
I agree with regard to cancellations. As for interest rates, I think it is not certain it continue going up. It could take a breather in the next few weeks after a huge run up it had. Could be a good gamble to float.
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