Southeast Area Builder McCar Homes Rumoured to be Closing its Doors Soon!
September 3rd, 2009 categories: Real Estate News
Construction dumpsters flanking sales centers as they are closed down and cleared out, utilities to common amenties shut off by service providers, mass layoffs, business/sales center phones unanswered, vendors going unpaid, empty lots going back to the bank. If all this is true it points to end of McCar Homes in the near future.
Homeowners in newer McCar communities might want to check with their builder and prepare to take over HOA responsibilities if you have not already done so. You might also want to look into 3rd party home warranties because most builder warranties are gone if the company goes under.
Buyers and their agents considering a McCar Community really need to do their homework before moving forward. For established, completed McCar Communities there will probably not be much fallout but for partially complete neighborhoods there is a risk that undeveloped lots could be there for months or years to come….reducing the overall income to the HOA from dues and possibly causing substantial dues increases to offset shortfalls.
McCar was one of my favorite buliders in this area and I hate to see them fall victim to the sluggish housing market and shut down operations here. We have helped many home buyers buy McCar homes and all of them were very happy with their new homes. If anyone has any other related news to share we would like it if you can post here.
Thanks and have a safe and happy holiday weekend.
Quote of the day:
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“Do a little more than you’re paid to. Give a little more than you have to. Try a little harder than you want to. Aim a little higher than you think possible, and give a lot of thanks to God for health, family, and friends.” |
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– Art Linkletter |
