With some home builders and developers buckling under the strain of slow sales, tight credit and falling prices, buyers worry about finding a financially sound seller that will be around to fulfill future promises. Contact a title company with whom they do business to learn if there have been problems at closings such as waivers that haven’t cleared, subcontractors who haven’t been paid or unfulfilled buyer contracts? If the price isn’t right or to protect against builder failure, it may favor the buyer to instead negotiate a price reduction on the base unit. Closing Establish a tax proration escrow account with the buyer’s and seller’s share for the first full year tax bill. read more

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