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A recent United Feature Syndicate by Lew Sichelman highlights some very important aspects to choosing a lot for your new home to be built on. Among them are: terrain,
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Overlooking the "inspection" clause in builder contracts,
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When looking for a new home,
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Using the builder endorsed financing company out of convenience,
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Many large builders have their own in house financing company and they often offer incentives on their products by tying in the use of the incentives to financing through their in house lender. In some instances you will find that the builder’s in house lender financing and incentives will cost you more money in the long run than if you had financed your purchase through an outside lender. Rule of thumb: Always check your financing options with the builder’s in house lender, a mortgage broker and a loan officer for a direct lender before committing.
Believing everything you read in advertisements.
If it looks too good to be true,
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Joshua Ferris specializes in Orange County New York real estate including new home communities and townhouses. To discover more about the area,
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