It’s a great idea in theory…

By in Buyers with 0 Comments

I wish building a house, a custom home, was the easiest option.  However, as anyone who has built one or as the lender who has loaned on one or the realtor who has sold one, can tell you, it can be a mess.

Among the budget troubles and timeline challenges you can read about, there is just a ton of uncertainty involved. 

My least favorite aspect is the possibility of some serious lien issues arising.  When the buyer buys the lot, and then arranges for the contractor to build upon the lot, that buyer also owns the title to the land.  If they get mixed up with an ethics-challenged contractor, who dosn’t pay his or her subs, then guess who gets stuck with the liens on the property?  The liens (which are essentially debts against the property) then prohibit the buyer from ever actually owning the house they’ve just built, because you cannot ‘close’ on a home that has a cloud on the title (which is what the liens provide).

I’m not a negative person, as any regular reader of this blog knows, but that’s the tough side of building a custom.  And I used to think the biggest headache would be getting the colors right!

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About The Author
Cari McGee

My husband and I came to the Tri-Cities in 1994, and we thought it would be a temporary stop on our way to larger cities. He was a television sports anchor at the time, and we planned to go wherever the "next step up" took us. Twenty-plus years later, we're still here and we've loved every minute of it! We have two children now, and we've found the Tri-Cities area is a wonderful place to raise a family. It's a great place to do outdoorsy things -- I like to hike Badger Mountain or run along the river path. I also love reading ... by a cozy fire in the winter or a beautiful picture window in the summer (with the A/C on!). I've been a licensed Realtor since 2004. I earned my managing broker's license in 2016, which means I can run my own brokerage, or create a team of real estate agents and supervise them, which is exactly what I did when I formed the Cari McGee Real Estate Team in 2018! We have administrative and marketing personnel, as well as additional agents to serve you. I became a director of the Tri-Cities Association of Realtors Board of Directors in 2016, became Secretary/Treasurer of the organization, and was elected to Vice President in 2019. Want to talk about real estate? Click here to schedule a meeting with me!

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