Make The Move With Quick Possession Homes

  • Thursday, December 15, 2022

Building a new home can require a lot of patience. It can take as long as 10 months (sometimes longer) to move into a pre-sale home, and not everyone has the luxury to wait that long. But there’s an easier way, and that’s by getting into a quick possession home.

The quick possession home – or spec home – is an industry staple that provides buyers on a tight timeline the opportunity to own a new home and helps the builders themselves keep their tradespeople busy with a steady workflow. It’s a win-win.

These homes are constructed using builder specifications (hence, “spec”) and most are move-in ready and available for a quick possession. The last couple of years, however, saw supplies of spec homes depleted to almost nothing as a hot homebuying market took hold, coupled by supply chain interruptions.

The spec home pool in Calgary has since stabilised and experienced builders were well prepared for the eventuality, relying on veteran leadership, a reliable trade base, and deep pockets for a steady supply of construction materials. Here is how some were able to navigate the choppy waters and have new spec homes ready for buyers that need them.

Read more at NextHome.