One day the road to our office was under construction, and I vented my frustration to my wise millionaire boss. I told him I was going to call road commission and give them a piece of my mind. He said this,
"Don't worry about things that you can't do anything about."
It fits a lot of situations. What if you were building your new home that "was " going to be worth more by the time it was done, & you developed cancer before it finished?
Would you not buy a new home since you might get cancer?
Life is short. .....Make the best deal you can,..... stick with it, ....live there and enjoy the process,.... have fun with your family and new neighbors..
Real Estate Pro Clarkston Michigan
â€œâ€˜This country needs a cleansing,â€™ said billionaire real estate investor Sam Zell. â€˜We need to clean out all those people who never should have bought in the first place, and not give them sympathy.â€™â€
â€œGovernment attempts to slow the flood of defaults â€˜could be simply deferring another flood of foreclosures,â€™ Saccacio said in the statement. â€˜That could extend the length of time it takes the market to recover from this downward cycle.â€™â€
â€œThe subprime borrowing spree featured lax lending standards that allowed people to buy homes with little or no down payment, and many of those borrowers today have no incentive to pay off mortgages that are worth more than the homes they bought, Zell said.â€
â€œâ€˜That whole process has to be liquidated,â€™ Zell said.â€
Look on my website under investor secrets, and also the project management portion...this will help you since the best way to protect yourself is to reduce and / or manage your risk. Do this by managing your scope of work, costs and the cost to borrow money to build.
Reduce your fears of loss by translating facts into numbers
What are houses in the area selling for, established homes, other new construction, and condo''s too. Is the area over developed? are there resales on the new construction already?
Are you getting a lot of upgrades? Get what you can from the builder and do not be stingy on your upgrades.. take the granite and tiles.. please.. get the better tiles in the bathrooms... this will all help later in life, trustme .. get these from the builder.. tell them you'll walk if they don't give you the granite in the bathrooms....make the best deal you can and then compare it to what is going on in the area. If you are happy, then go for it.. It is all you can do. Be realistic and buy where you are going to live without overpaying, if the area is good and you took the right packages with the house, time has always told us that real estate is the best investment. But as with any investment, do your research first.
Broker / Sales Associate
Coldwell Banker Residential Brokerage