Many Americans are worried by the record numbers of homes going into foreclosure, but a few bright optimists see it as an opportunity, rather than a danger.

Enter John Laing Homes, a home builder that is trying to dissuade prospective buyers from pouncing on the foreclosure deals.

In a recent press release, the company explains: "A foreclosure may appear to offer the best deal on a home, but there are numerous hidden costs. A foreclosed house is sold 'as-is.'"

The Irvine-based home builder warns that a foreclosed house will require more work and skill to repair, which in turn means higher cost to buyers.

It's obvious that as a home builder, John Laing Homes has reason to turn buyers from foreclosed houses to new homes.

But the issue is still valid. The company says that many customers ask about buying foreclosed homes, only to return months later looking for a new house.

“Mostly they found it a very frustrating process because they’ve looked at many homes, often not in good condition.

Sometimes they were told they had the winning offer and then find out the bank has decided not to sell the property,” says the home builder's vice president for sales and marketing in Southern California, Linda Mamet.

Mamet explains that the type of customers most satisfied with foreclosed homes intend them to be an investment property, rather than a primary residence.

According to her, those looking to buy a home to live in should consider alternatives to foreclosed houses.

Adam Brett
800.997.ADAM
RE/MAX NOC
Fullerton, CA
www.Realtoradam.com