Exotic vacations, luxury cars, swimming pools, built-in appliances and no closing costs—these are just a few lender incentives that home builders often offer to reel in buyers. These sales inducements can get extreme in a declining sales market.
Much of home buying advice is directed toward people purchasing an already constructed home. But what if you’re planning to purchase a new construction home? How do you ensure whether or not that newly built home will meet your family’s expectations?
Planning to buy your own house? The principal of caveat emptor still very much applies to house purchases, and therefore, to ensure you don’t end up making a wrong decision or signing a bad deal, we’ve compiled a few key pointers that will assist you during your house buying process.