Thursday, January 17, 2008
A Word to the Wise Regarding New Construction
Just a word regarding purchasing new construction in these crazy times... I have had two clients now
in the last few months have developers go into foreclosure or go bankrupt prior to closing their deals! In this crazy real
estate market, with lenders' restrictions getting tighter and tighter, and homes not moving as quickly, make sure that
you ask questions about the developer of the property with your real estate agent in prior to signing a contract! Of course,
you can't always prevent something like this from happening, but keep it in mind...
3:04 pm cst