These are not the days for a timid soul to be partnering up with anyone but the best in the field. If your trust in your custom home builder, lender, title agent and Realtor is not rock solid, you need to find replacements.
As I rub shoulders with the best real estate agents in the field, I find tidbits of information about what is happening in the real estate community. Some of the news makes the press, like the foreclosure of some developments or the bankruptcy of certain builders, while some news doesn’t see the light of day until it is too late. An example would be news of the builder about to go into foreclosure. For example, if a builder takes a deposit, but cannot finish a home, the buyer has invested in a home they will never live in.
What does this mean to you as a buyer? Your building partners must be reliable. You need to invest in someone who won’t waste your time. (more…)