Buying a foreclosure versus buying a new home
I spoke with a friend of mine the other day, who was looking for his first home, and he was amazed by how many homes were on the market. While speaking with him he talked about how inexpensive it was to get into a foreclosed home and that there were so many homes out there, even homes that he could rent to own. I explained to him the benefits of purchasing a new home over a foreclosed home and mentioned the extra $8,000 tax credit.
The problem with buying a foreclosed home is that you never truly know what you are getting and the money you save on the home will most likely be spent on fixing up the previously owned home. Whereas, when you purchase a new home you are certain that you are getting brand new everything. So I directed him to Shea Homes. At Shea Homes you get a brand new home, at “Foreclosure” pricing. Shea Homes in Arizona started the year with 94 move-in ready homes, and today, they only have 42.
If you haven’t stopped by and visited a Shea home yet, I suggest you do so soon before these move-in ready homes are gone. You can have a brand new home, brand new appliances, brand new flooring, brand new cabinets, brand new warranty, a brand new everything at foreclosure pricing. See for yourself at Shea Homes – Dare to Compare
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I think It would be best to buy a foreclosed home, It’s much cheaper now. Today’s economic crisis, people are leaning towards foreclosed homes rather than a brand new house.
Francis – That is what a lot of poeple think, however it is just not the case these days. Go check it out you’ll be surprised.
When my wife and I were looking to purchase our last home we discussed looking at foreclosed homes but ended not because we were too worried about not being able to get enough information and buying as is. I guess it’s just a peace of mind thing.
Flooring information
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Many foreclosure agents answer saying that there are benefits to buying new versus resale? You may be wondering whether it really matters. The truth is that many new homes are designed to be more energy efficient and earth friendly than older ones.
What a great find. Although the balance may have been shifted a little bit towards foreclosures now with the $8000 tax credit running its course.