Sun, Apr 20, 2014, 11:40 PM EDT - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

PulteGroup, Inc. Message Board

  • wilson2207 wilson2207 Mar 24, 2004 10:44 PM Flag

    Highway New House Builders? Note

    Jeopardizing your family's financial future?
    The following has nothing to do with PHM.

    With the passage of The American Dream Downpayment Act the following is of particular importance to the vulnerable and uneducated new house shopper.

    I would like to thank Beazer Homes/Sanford Homes, for providing me with the opportunity to gain the experience necessary to contribute the following message.

    Consider this a public service statement:

    Ensure that your new house builder pays THEIR SHARE of YOUR first year's realestate property taxes.

    This could be the most risky investment you will ever make, potentially 100%+. How much are you willing to risk? Your retirement? Your kids' college education?

    Write to me if you want to know about my experience with, and opinion of, Beazer Homes/ Sanford Homes. wilson2207@yahoo.com

    Write to me if you want to know about my experience with, and opinion of, Beazer Homes/ Sanford Homes. wilson2207@yahoo.com

    Before you sign a contract to purchase a new house, walk through an established neighborhood where your builder has built houses within 1-3 years (5-8 years would not be a bad idea.) and ask the neighbors about any unresolved warranty issues and how warranty matters were generally handled. Do not rely on the builder's representations. Before the contract is signed, it is still YOUR money.

    Ask your builder how many of their valued 'customers' they've required to sign a non-disclosure agreement as a requirement for the new house buyer to receive a warranty settlement as a condition of having work done that should have been covered under any reasonable warranty by the benevolent, fair minded, our interests are your interests, new house builder?

    Do not let your warm, tingly, feelings about your future new house, cloud your judgement.

    Also, ask the builder's representative how many times houseowners have had to file a lawsuit against them in an attempt to get warranty issues resolved. Be willing to wait for an answer. Then verify the answer you receive independently.

    Also, ask for a copy of the Limited Warranty Agreement including all Exhibits and read them. Mainly, get the warranty documents. Do this before any money changes hands. This will show you the position you will be in when problems arise.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • I bought a home for Lennar 18 months ago. They never required that I since any nondisclosure statements. They have been extremely responsive to warranty items and have even come after the warranty had expired. Yes, they dragged their feet on some items but they were always professional and the only problem was having to make multiple phone calls. My problems were more with smaller regional builders over the years. I do not own Lennar stock but own PHM and CTX.

      • 1 Reply to usefulfacts100
      • useful..., writes: <<They have been extremely responsive to warranty items and have even come after the warranty had expired. Yes, they dragged their feet on some items but they were always professional and the only problem was having to make multiple phone calls. My problems were more with smaller regional builders over the years. I do not own Lennar stock but own PHM and CTX.>>

        I'm happy for you. I stand behind my posts and their relevance to the new house shopper:

        There is not a legal product available in the marketplace today that carries the degree of financial and emotional risk for the purchaser as does that of a new house.

        Visit Homeowners Against Deficient Dwellings, HADD.com, HOBB.org, Homeowners For Better Building, WESH.com, Building Houses: Building Problems, Consumer Reports' research study: Housewrecked--link available at the HADD web site, 10 Things Your House Builder Won't Tell You, www.smartmoney.com/consumer/index.cfm?story=tenthings-jan00, How To Prevent A New House Nightmare,
        www.lakesidepress.com/dreams/section4.html, ourrylandhomes.com, and ANY search engine (your builder's name, lawsuits, defects, complaints, etc.) to examine the 'isolated' nature of this issue and to gain insight into the business practices of the corporate/public new house building industry and to protect your financial and emotional interests. Reading the court cases available on-line is a good idea, too. After the fact, due diligence is too little, too late.

        I wish you well.

        W

 
PHM
18.71-0.19(-1.01%)Apr 17 4:02 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.