New Construction Foreclosure = Luxury for Less

If you think all foreclosures are major fixer-uppers, think again.

In Charlotte and the surrounding markets, you can get luxury for less with what’s termed a “new construction foreclosure.”

New construction foreclosures are exactly what their name suggests: brand new homes that were built but, for one reason or another, ended up being repossessed by the bank.

Sometimes this happens when a builder pre-builds a house in a new community anticipating that it will sell, only it doesn’t. Sometimes it happens because a buyer commits to purchasing a new construction home but ends up defaulting on the payments.

New construction foreclosures represent truly unique and exciting opportunities to move into a brand new, top-of-the-line home for less than if you’d purchased the property from the builder. Just like any other type of bank-owned property, new construction foreclosures are typically sold for much less than their value because the banks just want to get rid of the headache as quickly as they can.

You can usually find new construction foreclosure homes in new community developments. Often these communities will feature terrific amenities like golf courses, excellent shopping, clubhouses, private parks, swimming pools, exercise facilities, fine restaurants, and more.

The homes themselves can be truly breathtaking. Picture yourself buying a stunning new home with an open-concept layout, vaulted ceilings, custom millwork, gleaming hardwood, and a wet bar perfect for entertaining in a brand new, beautifully landscaped and luxuriously appointed community.

Now picture buying the exact same home for tens of thousands less.

Doesn’t that sound idyllic? The bottom line is that there is absolutely no need to pay the full price tag for a luxury North Carolina home in housing market conditions like these. Our economy is still recovering and there are a lot of gorgeous bank-owned luxury homes that are waiting for new owners like you.

Don’t let the word “foreclosure” frighten you. Why would you pay more when you can pay less and still get the same caliber of home in an equally attractive community?

If you’re interested in pursuing a luxury new construction foreclosure home, get in touch with Leigh Brown ASAP so you don’t miss out on the hidden gems in your dream neighborhood. Leigh Brown is a foreclosure and short sale expert in Charlotte and she can help you score a ridiculously awesome new construction foreclosure deal!