Don't Buy New Homes!!!

I'm going to write a book on this. I can't emphasize it enough in today's market!!

DON'T BUY NEW HOMES in NEW DEVELOPMENTS where there is a LARGE INVENTORY!!

You have scrimped and saved.
You've budgeted.
You've hunted.
You've found your dream home!!
It's brand new!
It's in the perfect location!
It's brand new!
It has stainless steel appliances!
It has beautiful brushed nickel fixtures!
It's brand new!

It could be one of the worst investments you make. It is without a doubt, a very risky investment!

Folks, your home is one of your biggest investments! Treat your home as an INVESTMENT!

You don't have to be purchasing a fix and flip, rental or commercial property to be a real estate investor! Your home is the biggest and most important real estate investment 99% of American's will purchase!

The next article will detail some of the reasons to avoid new construction and the risks associated with it. Below, is a link to a horror story I have heard all too many times. The story of a new home, a new homeowner and the upside down blues.

http://www.bankrate.com/nltrack/news/real-estate/20070812_adviser_new_home_price_cuts_a1.asp?ec_id=brmint_ns_mortgage_20070823