New Home Redevelopment
Our new home redevelopment program allows a seller to market their existing property as vacant land with an additional listing for a proposed new home at the same time. This listing method is fully compliant with the MLS and is available for properties that qualify as redevelopment (teardown) properties in Palm Beach and Northern Broward County. If Atlantic Home is able to pre-sell a new home on your lot, we will pay all realtor commissions (5%) on both the property and new home. Standard commissions apply to seller If the property sells as is at any time. We also offer another option where Atlantic Home pays the seller a$7,500 fee for a 3 month option to buy at asking price with a $2,500 option for an additional 3 month extension for right to purchase.
Older waterfront homes , typically with 8 ‘ ceilings on a lot that can accommodate a 5,000 sf new home in Palm Beach and Northern Broward counties. With the current shortage of housing inventory we feel that buyers coming to South Florida will be looking to build new homes in this fashion. Atlantic Home will manage all meetings with prospective buyers.
Atlantic Home will manage all meetings with prospective buyers. Once an agreement is reached, the buyer will purchase the property from seller, Atlantic Home will pay 5% realtor commission on property and new home at closing of property with buyer entering into a building contract with Atlantic Home.
There are no fees to the seller! If Atlantic Home is hired to build a new home on your seller’s property, we will pay all realtor commissions (5%). If the property is sold as is, the seller pays standard commission on the sale of the property only