YOU SNOOZE, YOU LOSE!!!

INTEREST RATES ARE THE LOWEST IN HISTORY, TAX CREDITS HAVE NEVER BEEN BIGGER, BUILDER INCENTIVES HAVE NEVER BEEN BETTER . . .

Buying a New Home vs. an REO Foreclosure

The foreclosure housing crisis has created a historic level of REO foreclosures in today's market. This trend has contributed to a significant decrease in housing prices and created a whole new level of affordability for buyers. While saving upwards of 25% off the market price of a home can sound very enticing . . . 

ARE THE RISKS
WORTH THE REWARDS?

Homebuyers want to get the most value on this significant investment, but some feel REOs are for risk takers; if you are not a risk taker but still realize it's a great time to buy a home; you may prefer the peace of mind in buying a NEW home.

• Where most REOs are purchased As Is, New homes are protected by workmanship, material and structural warranties, protecting you from large out-of-pocket expenses after purchasing.
• While most banks will pay at least 3% towards closing costs on buying their REOs, most new home builders will offer Special Incentive Programs, making it more affordable for you to own a new home in many instances.
• When you purchase someone else’s home, you may find someone else’s problems. A new home will not require the upkeep that an older home will require.
 

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