Hey there!! Buyer Builder close out is a great idea... however, the super deals are pretty much gone. When the market dropped dramatically, all of teh builders discounted all of their available inventory and unloaded as fast as tehy could. It was a feeding frenzy. Now, most of the builders are operating more carefully. With that said, oftne a deal will fall through and they will offer the "spec" home at a special deal and it usually goes fast. I recommend getting a good realtor (Gee.. I'm available :-) ) and do some investigation, choose a few areas, and then wait for the next one to drop.. then buy it fast.
Now, second to that, there are almost new homes available as short sales and as quick sales.. some deals are there to be had as well. Again.. find a realtor...etc.. As for schools, that is something you will have to investigate. There are many sources for research... you can visit my site or many other like it and find good info. If you give me a call, we can talk more specifically. Good lukc - Happy House Hunting!!