Builders going out of business!

As many of you know, the new home building industry is going through some dramatic changes.

Trend Homes is now in bankruptcy
Engle Homes is now in bankruptcy
Randall Martin just walked away from all their subdivisions
HomeLife just sold to another company
Taylor Woodrow has merged with Morrison

See the Builder Implode-O-Meter here

At this time, I am recommending that my buyers purchasing a newly-constructed home, even if it’s a spec home, make their earnest deposit check out to the title company instead of the builder. There should also be language in the contract that the money does not get released to the builder until the close of escrow.

Yours to Count On,
Erika Madsen
Real Estate Consultant
Re/Max Power Realty
"Your Advisory Team" Founder/Manager
480-695-6572

p.s. if you or anyone you know is considering a move in the current real estate market- you deserve an agent who has a strong knowledge to help you succeed! Visit http://www.PhoenixAreaMls.com/ to learn more about Your Advisory Team & Our Performance GUARANTEES!!