Today, it is more important than ever to work with a knowlegeable Buyer's Agent when buying new construction. There is a fine line between getting a great deal from a builder offering large incentives and buying trouble that could impact your finances for years. I know of at least one custom builder who has shut their doors and will probably declare bankruptcy in the near future. There is also a whole community of partially built custom homes with numerous foreclosures. Anyone who bought in that neighborhood has been severely damaged financially - click hereĀ for details. Some of the production builders are selling off their lots. If you use the builder's lender you may also put yourself at greater risk. A Buyer's Agent, working with a company that sells a large number of new custom and production built homes and has a track record of negotiating great deals for their clients, is in a better position to hear if a builder is in financial trouble before it ever hits the news. There are some great deals out there as builders reduce their inventory of homes nearing completion. Now is definitely the time to buy!. Builders are being very cautious and not starting new homes without a contract. This will result in a shortage of new construction and higher prices 6 months from now.
Visit SellingAustinTX.com for more information on Austin area builder homes.