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Have you ever heard the term "spec home" and wondered what it actually means? In this video, I sit down with expert realtor Travis Anderson to break down what a spec home is, how it compares to custom builds, and the pros and cons every buyer should understand. ✅ Learn why a spec home can save time, ✅ What a "punch list" is and why it matters, ✅ And how builder incentives might affect your final price. Whether you're a first-time homebuyer or just curious about new construction, this video will help you make a smart decision. 👇 Timestamps below to skip ahead! ⏱️ Timestamps: 00:00 – What is a spec home? 00:09 – Meet Travis Anderson 00:17 – Overview: Spec homes vs custom homes 01:01 – How spec homes differ from custom builds 02:15 – Why spec homes offer quicker closing 03:19 – Real-life story: Buying a spec home 03:47 – What is a punch list? 04:39 – Hidden expenses with new construction 07:08 – Final thoughts on spec homes 08:01 – Are builder incentives worth it? 09:47 – Why you should compare loan options 📱 Contact Peter Lindquist 📞 651-491-5381 ✉️ peter.lindquist@rate.com 📝 Apply now: https://www.rate.com/LindquistTeam