Looking at foreclosures? Read this first.

Are you considering a foreclosure? Their rock bottom prices may be enticing but watch out for the hidden costs hassles. The true sales price may be much higher than you thought! When you compare the foreclosed home to a brand new Hartland Home, it is easy to see why a brand new home just makes more sense.

Consider these items when looking at a foreclosed home:

1. Cost: The foreclosed home’s purchase price may be less in the beginning, but consider all the repairs and fix-up costs. Add the repair costs to the purchase price for the true price of the home.
2. Warranty: This home will have no warranties, you get it AS IS. Generally, a home that has gone into foreclosure wasn’t taken care of properly. The former residents knew they were moving and not going to pay for it, nor sell it, so they had no reason to properly care for it. TIP: Make sure you get a whole house inspection on any used home you buy.
   *Hartland Homes provides a 10 year warranty on all their homes and that is just 1 of many warranties we provide!
3. Health: Health hazards such as mold, pet dander, bug infestations or other items may be present in the foreclosed home.
4. Style: A foreclosed home comes AS IS; it may have out-dated styles, layout and colors.
5. Repairs: Repair costs cannot be rolled into your mortgage and must be paid for in addition to your house payment, utility bills and insurance.
6. Taxes: Just because you paid below market price doesn’t mean your property taxes will reflect that. Most likely you will be paying taxes, which are fully assessed, on the amount the home is worth, not the price you paid.
   *Did you know that when you build and purchase a Hartland Home, your taxes won’t be fully assessed for at least a year? That could save you over $1,800 your first year!
7. Choices: There are limited homes available for below market price and a complex bidding process which makes them hard to buy if you do find one you like!
   *Hartland Homes has over 25 different floor plans in 5 different communities and you get to choose your options and colors.