The answer is no, obviously, but for some reason this myth persists. Truth is, buyers often make a profit when they buy and sell a spec house. Why, because they decorate it with nice furniture, wall paper, art work, etc., and that adds value!
Builders finally figured this out and now, many won’t show their new house until it is finished and staged. Smart.
Here are some fresh examples of successful re-sales of former spec houses:
264 Riverside Avenue new: $3,735,000 used: $4,400,000.
17 Hendrie Avenue new: $3,775,000 used: $4,100,000.
20 Marks Road new: $3,327,000. used: $3,325,000.
8 Dempsey Lane new: $6,930,000 used: $7,375,000.
47 Shore Road new: $3,250,000 used: $4,250,000.
Note: If the above links become de-activated, I’ll replace them with Zillow links. In the meantime, click “history” box (on non-mobile devices), top of listing, to get the full story.