Home Builder Advises to Buy New

In today’s economy it can be very tempting to look for the better deal and purchase a foreclosed home as opposed to a new home. However, buyers need to be cautious that the low price of the home does not always mean a better deal. Yes,  you are paying less up front, but then how much are you going to have to put into your home for renovations? Considering the amazing deals available in the current Atlanta real estate market, buying a foreclosed tends to cost you more money than buying a new home.

In an effort to educate new home buyers on the realities of purchasing a foreclosed home, Bowen Family Homes has added a new Web page that lists questions buyers should ask themselves prior to purchasing a foreclosed home as well as the benefits of purchasing a new home. If you are deciding between a new Atlanta home and a foreclosed home, visit http://www.bowenfamilyhomes.com/buy-new-home/new-homes-vs-foreclosures to get some of your questions answered.

Questions like:

• Do you have a lot of time to search for a home?
• Are you a risk taker?
• Are you prepared to submit multiple offers on foreclosed properties and waste valuable time in your home search?
• Do you have the extra money to fix up a foreclosed home?
• Do you want the piece of mind of a home warranty or do you feel comfortable buying “as is” and taking your chances?
• Are you prepared to deal with liens on your home that are not free and clear?

The biggest problem with purchasing a foreclosed home is the time it takes to actually purchase the home and the risk of purchasing “as is.” It’s a tough decision to make, but in the current market it really would be in your best interest to take advantage of some of the great deals on new homes. Take a look at some of the benefits to owning a new home:

• You are the first homeowner! You don’t have to worry about how the previous homeowners treated the home prior to losing it to the bank.
• Quick response to buyer’s offer by builder.
• Built and inspected to current state and local regulations.
• “As you want it”…not “As is”
• One Year Builders workmanship and materials warranty plus two year mechanical plus 10 year structural warranty
• Closing on time – no waiting on the bank to decide if and when you will closed on your foreclosed home

It’s your decision and, of course, you need to do what is best for you, but we hope you’ll take these facts into consideration before you make your move.