Recent Posts
Tue, Aug 19, 2008
I am quite sure all of you have heard about the new bill the house and senate passed and President Bush signed into law recently. I am also quite sure you have already been deluged with news bits and information regarding the details of the not so stellar bailout so I will spare you the rehash of it. What I do want to cover is something that not many news outlets are focusing on…the elimination of the seller paid down payment assistance for FHA loans.
You may or may not know this, but FHA loans typically allow buyers an opportunity to get into a home with far less down payment than a conventional mortgage. That is FHA’s whole purpose…make housing affordable to more people. What you may not have know is that while the seller...
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Mon, Aug 18, 2008
I get lots of questions about and have to deal with lots of issues concerning home inspections when selling homes. Before I go too far, let me quote the standard Indiana contract when it comes to inspections and inspection issues. Here is exactly how the contract reads:
If the Buyer reasonably believes that the Inspection Report reveals a MAJOR DEFECT with the Property and the Seller is unable or unwilling to remedy the defect to the Buyer's reasonable satisfaction before closing (or at a time otherwise agreed to by the parties), then Buyer may terminate this Agreement or waive such defect and the transaction shall proceed toward closing. Under Indiana law, "Defect" means a condition that would have a...
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Fri, Jul 25, 2008
Less than 24 hours after the announcement that Davis Homes is shutting down, CEO Brad Davis has revealed that he plans to begin building custom and semi-custom homes before the end of the year.
WOW! That is either really gutsy or really stupid…or both.
I am not sure but it seems that perhaps consumer confidence in the Davis name may still be shaky on the heels of running the previous company into the ground. Despite the 2-10 buyer’s warranty they, and every other builder, provide there will undoubtedly be some disgruntled homeowners telling all of their friends about how much Davis Homes sucks. If it were me, I think I might have opted for a less bold move; maybe a silent partner in a homebuilding company or something.
What...
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Wed, Jul 23, 2008
Well, it’s official…Davis Home is now closed, out of business, shut down. As of today July 23, 2008 Davis homes is no more. If you read my blog you know that I have been writing about Davis Homes going out of business since last year. I also wrote a blog post about homeowner’s getting mechanic's liens placed on their homes because Davis didn’t pay their subcontractors that generated lots of comments and interest. Thankfully, Davis homes appears to have paid these liens and done the right thing.
In a press release located on their website, Davis Homes says “Unlike some companies that simply closed their doors, Davis has worked hard during the past few months to implement a plan to complete all the homes that were under...
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Mon, Jul 21, 2008
Local home builder Hansen and Horn has been selected to be the home builder for the residential portion of the much anticipated Anson project just outside of Zionsville. This is huge news for the local home builder and it gives what will probably be their best location yet. The details have yet to be released, but we do know that the first phase will include 168 homes and the entire residential portion is scheduled for a total of 680 homes over the next 8 – 10 years.
Hansen and Horn is an Indianapolis based builder that prides itself on building homes that do not all look the same and don’t fit into the “cookie cutter” mold that many other builder do. Hansen and Horn is also amazingly flexible with their floor plans and the...
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