Market woes also affecting builders !!

Builders are not immune from the current real estate market downturn. Clearly the affects of the mortgage sub-prime meltdown has had a drastic affect on everyone. As you may be aware foreclosures are at an all time high and will continue. Well the issue now becomes that the resale market may be a better option for buyers. Remember that if you purchase a new home you must make sure that all contractors have been paid or you could potential have liens placed on your home. The other issues are pending warranty issues may not be resolved by the builder. The builders have been reducing prices of their product for some time also putting pressure on resales. It is my opinion that the builders will have to keep cuts at a minimum to assure a profitable business model. This is definitely a "buyers" market in which "sellers" must adjust to accordingly. As a Realtor I am specializing in foreclosures to help clients save their credit. I also provide honest guidance to meet all you Real Estate needs. Goto www.sellingUorlando.com for furhter details.