During the recession, a lot of builders have gone bankrupt. Remember, if the developer goes belly-up before the development is sold out, you run the risk that the bank will sell a portion of the development to a developer who will put up less expensive homes, cutting your future appreciation and perhaps depreciating your property from the price you paid.
Here are five things your builder may be hesitant … (3 comments)
home builders: How Do You Find A Good Builder For A New Construction Home?
- 08/24/10 08:45 AM
Q: We had signed a contract with a national builder about three years ago but it fell through. Now we are in the market again and want a builder to build us a specific new home in this subdivision we like. We’re worrying that the builder’s contract is one-sided. It requires us to use arbitration, which our side would probably never win on most discrepancies. Most builders will not accept suggested changes. What would you do? How do we know if we can trust our builder? A: When it comes to real estate, trust is kind of a loaded word. I … (1 comments)
home builders: Social Media Marketing For Home Builders and Real Estate Agents
- 03/04/10 05:00 AM
Carol Flammer has a new book out called Social Media For Home Builders. Social networking is an important skill for home builders and other real estate professionals, and a growing number of them are using social networking and social media to find clients and close purchases and sales. Younger buyers, especially those in their late 20s and early 30s, are more apt to rely on their own network of family and friends (even Facebook friends) to offer insight and suggestions on the process of buying a home than a Realtor. These buyers believe that because they’re accessing so much data online, … (0 comments)
Buying a home is enough of a stress without worrying about whether your builder is being upfront, but-especially in this market-builders may have incentive to keep things from you.
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