teardowns dotcom's Discussions

What Is A Teardown?A "teardown" is a house that is removed from a parcel of land to clear the site for the infill construction of a new home. Why would someone pay hundreds of thousands, or millions of dollars, to buy a house, only to tear it down? The answer is that buyers are purchasing the "buildable lots" when the value of the lots is higher than the value of the houses that sit on it. The determining factor for the value of these lots is their location in highly-sought communities and near other more valuable homes.What Fuels Teardown Activity?The desire to live in well-established communities. More than 70% of the nation's largest cities have experienced net population increases during the last decade. There are a limited number of neighborhoods and suburbs that are coveted for their proximity to transportation, jobs, excellent schools, attractive tree-lined streets, public facilities and amenities like parks, libraries and shopping, and city-like downtown areas with cultural and recreational amenities. Most of them have stabilized in growth and are nearly built out, with relatively few homes for sale and even fewer vacant lots. With many people wanting to move into such highly-sought areas, but desiring newer and larger homes, the value of "teardowns" continues to increase.Many Older Houses Do Not Meet Todays Standards For The Modern New HomeNew home requirements continue to increase in size and amenities. According to the National Association of Home Builders, the average newly built home has 2,300 square feet of living space and comprises 3 bedrooms, 2 bathrooms, and a two-car garage. This is an increase of 53% from the average home size in 1970, and a 130% increase from 1950, when the average new house incorporated only 1,000 square feet., with 2 bedrooms, 1 bathroom, a small living room and a kitchen. Also, the list of desired features in new homes today includes such amenities sich as great rooms, gourmet kitchens, spa bathroom

Hi, we have recently established operations in CO - please visit our site for current locations, as well as "coming soon" markets.

Hello all,For anyone interested in access to NON-MLS listed "AS IS" properties, please check us out at Teardowns.com. There is no cost to join our listings notification service, and you can unsubscribe at any time without fear of being spammed for life.Although we currently have operations in select areas, we are expanding into other active development markets.We're also recruiting licensed agents!

Hi John,Please let me know where you are interested - there are expansion plans into other states, but the "coming soon" may not appear on the site as of yet.Thanks for the inquiry.

The Marketplace For Teardowns And Rehabs We are the redevelopment experts, and specialize in the sale of teardown and rehab properties.The ability to sell "as is" for a reduced fee, without showings or signs is a terrific convenience. Our goal is to market your property directly to the most competitive buyer in order to extract the highest sale price the market can bear, for a reduced fee and minimum of intrusion.Please visit www.teardowns.com for more information. Be sure to check out the "press room" link to see articles about us featured in Forbes, CNN Money, The New York Times, NPR Radio, etc.You may also call to connect with us instantly - 203.340.9898

Net listings are illegal in many states, but that does not necessarily mean that situations like that still don't occur. However, I believe that the choices we make ultimately define our professional lives and reputations. Many agents find themselves in some very opportunistic scenarios where they may be enticed to illegally or unethically enhance their earnings. I've been in situations where I may have lost business by sticking to my principals, but that's ok. I believe it's better to stick to ethics rather than risk my reputation, license or entire career!

We've been hearing of this same problem in some areas of CT. We have a few builders now that have excess inventor (undeveloped land) and they absolutely cannot move it, even at a loss.Yet in some areas, we are getting good buyer response from other development listings.

In our first trial runs, (1000 views x 2) we received about 12 clicks, 2 inquiries, and one listing. Not bad for just two rounds. I think we need to try it at different times and be more consistent in order to gauge the results.I like them and I think that for the cost, it is a great idea to have the ads at a site like this where both buyers and sellers go to check out real estate.

Hi Dennis,I read your post & found your business model interesting. We do have operations in CA as well as several other states. Perhaps we can connect you with some terrific opportunities!

Or the investor who remodels one house and calls themselves a developer... or the builder that wants you to list his excess inventory, and then after the buyer is found decides that your commission is too much and he does not want to pay it!