Whatever you decide to do, I encourage you to consult with a few Buyer's Agent REALTORS to find the one that will best suit your needs.
I hope the information I provided will help you to make good real estate decisions.
HomeSmart Real Estate
Hire a Realtor that has the experience to represent you, consider all options. Some parts of the valley are going to recover much quicker than others!!! Trend is letting hundreds of lots foreclose in one project that I know of, very difficult to be homeowner in that one, be careful.
I would be glad to answer any questions you might have.
2) You can have your REALTOR "Negotiate" on your behalf and insist that if you buy a NEW HOME that you earnest deposit be put in a neutral ESCROW COMPANY that "is not" nowned by the builder instead of the builder's general fund.
3) You can have your REALTOR change the language of the builder's contract back in your favor to meet your needs.
4) Buying a NEW HOME is risky because builders have recently gone bankrupt. Consider a resale in the neighborhood.
I hope this helps.
FREE REPORT: "The market has changed Discover How to Avoid the 6 Biggest Mistakes Homebuyers Make." http://www.thekeysteam.com/buyer_mistakes.asp