OK, that makes sense on the amount.
What about the rest of his email. Does that sound right?
Also, what if we choose to build? How does that work?
Building will involve a construction loan. I did an in depth explanation of the process involved here:
I don't want to deal with that, either. What about spec homes?
A spec home would be handled like any other purchase. You're just buying from the builder instead of from a private party.
That's what I figured. Good to know. With 90% of the homes we're looking at being short sales with contracts, we're going to look into spec homes, too.