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Fiku83, Other/Just Looking in 34689

Should I buy a beazer home in this market? Earning looked bad (Safety???)

Asked by Fiku83, 34689 Tue Dec 2, 2008

The earnings of Beazer looked bad today and getting close to the $1.00 market.

Is it safe to buy a Beazer home right now in the Tampa, Florida market?
If I sign a contract and takes 5 months to build, what happens if the company goes belly up.

Also after today's news, do you think there will be willing room to negotiate in pricing for the home?

Scary world indeed. I want to buy a new home but dont know which company to trust.

Am I safe with beazer

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Answers

4
(Forgive me if this answer is posted twice - when I answered the first time the server went down.)

Here's another idea...if you like Beazer over other builders I bet there are short sales or foreclosures in a Beazer community that may meet your needs. I would be happy to help you find a short sale or foreclosure.
813-817-0825
Trey Miller
Web Reference: http://www.TampaTrey.com
0 votes Thank Flag Link Tue Dec 2, 2008
Here's another idea...if you really like Beazer homes over other home builders I bet there are some foreclosures or short sales in a Beazer community that may present a good opportunity. I would be happy to help you find short sales or foreclosures that might interest you. 813-817-0825
Trey Miller
Web Reference: http://www.TampaTrey.com
0 votes Thank Flag Link Tue Dec 2, 2008
Never purchase a home direct from a builder, seller, listing agent UNLESS you have your own agent represent you. If your money goes into earnest with title company who COULD BE FINE if the company files Chapter 7. You need to author the sales purchase contract in your favor to have your money returned from title company.

However work with a buyers agent determine if you can locate new construction been foreclosed on.
http://www.lynn911.com http://www.homes-for-sale-dallas.com
Web Reference: http://www.lynn911.com
0 votes Thank Flag Link Tue Dec 2, 2008
If you are concerned that Beazer could file Chapter 7 or become insolvent it may be a good idea to stay away. The problem would be that if they do "go belly up" they will not have the money to purchase materials or pay the construction workers to complete the job.

Another option is to not only negotiate on price but also terms of the builder's contract so that you are protected in case they file for bankruptcy protection. If I can help you give me a call at 813-817-0825.

Good Luck
Trey Miller
Web Reference: http://www.TampaTrey.com
0 votes Thank Flag Link Tue Dec 2, 2008
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