Supply chains and delivery times in the Albuquerque area

Supply chains and delivery times in the Albuquerque area

(Transcript Snippet):

“Tego Venturi:

Supply chain delivery times we’ve been hearing it. Our clients have been feeling it. A lot of home buyers have been feeling it that used to be, it used to be, you know, you’d go and put a new home construction under contract and they say, Oh, we’ll have, we’ll be done in five to six months. Right. what’s the real number today?

Eric Corpuz:

Yeah, that’s a really good question. It does depend a little bit on the community and it does depend, like for instance, we’re, we’re breaking ground. We haven’t, the infrastructure still is incomplete. So we’re doing pre-sales so legitimately the home sites are not a hundred percent ready, but if a home site is ready, meaning all the infrastructure’s available and we’re ready to sell and move on it. We’re still for the most part, I would say five, six, seven months.

Tracy Venturi:

That’s great. So call today. You can get in that home this summer. Then if you choose a lot, that’s ready to build on and you pick your own floor plan and you pick your own finishes, you could get it done quickly. Obviously you’d have to get to that design center and get to that fun stuff right away to get the home done in that timeframe, but seems reasonable.

Eric Corpuz:

And if you need to move a little bit quicker again, we have those inventory homes that, you know, like anything else it’s kind of like, I always kind of envisioned inventory homes as new home resale

Eric Corpuz:

In that you can go in there and see all the finishes and all the colors, but it’s brand new. No one’s ever lived there before obviously, and have the opportunity and see if you like it. And because we do build them off of those models that everyone seems to rave over. Yeah, they, I think they’re beautiful and I think they’re well done and you know, we’ve had great success.

Tracy Venturi:

I concur. Awesome. Yeah.

Tego Venturi:

Great. Any other thoughts Tracy about, actually one thing that we’ve been talking about is there’s a lot of homeowners out there they want to sell, right? And they’d like to do something different than they have. But as of today, there’s 690 homes on the market and a greater Albuquerque area in RMO. MLS of course, most of those are our resale homes. And one of the, I think one of the strategies people can think about is, you know, go pick out that new home. You’ve always wanted pick out all, you know, do, do what you want, picked a lot, get it going. And now you have, you know, six, seven months, you know, time to plan your move, know that it’s coming. And then when your, when your home is almost ready, you can deal with getting your home sold. And I will just say, I don’t see, I don’t see this market, you know, slowing down anytime soon in the next year. So I think that the, the home sales is, are going to stay strong through the summer, for sure.

Tracy Venturi:

Sure. So, one thing about that is a lot of the builders don’t take contingent sales, right? They don’t make it contingent on the sale of your, however, we at Venturi Realty group can do our guaranteed sale, where we will guarantee that your house will sell. So you can move forward confidently with Eric to buy a new house. And if your house doesn’t sell in time to close on your Hakes brothers home, we will buy it. So you can move forward confidently because we will put in writing that we will buy your house and you don’t have to make a sale, a contingent on the sale of your current home to move forward and buy. So it’s a great program that we offer hand in hand to just help you confidently move forward with new construction.