we went thru this in 2010-2011, it was not a tear down, it was a complete gut job, truly complete, when the gutting was done just the bricks were left , roof, and i think they were called joists(which were also replaced, as well as the roof) they pulled the permits in july 2010, i knew they would start in october as that is what we were told, they started on january 3rd, they told us July first they would be done, that came and went, then sept 1st, then the brides birthday sept 15th then long story short we moved on a thursday night oct 20th ish, house wasnt all done but close, we lived in an apt for 17 years and gave the landlord 6 months notice, so we overstayed july aug sept and oct, they finished the basement in jan 2012, oh the original price was 240,000 just for the gut job, (we already bought the house, the final price of the gut job was 360,000, everyone told us be glad he finished and didnt run off with your money. best of luck