Brown Family Communities, one of the largest Phoenix-based homebuilders shut it doors yesterday. Brahm Resnik with Channel 12 News interviewed founder, Dave Brown. (See interview below) I think this to be a very sad story, of a builder who has built over 18,000 homes in the Valley over the last 33 years. Although I do not know Dave Brown personally, I can imagine how devastating this is for him and his family, to see the business they built shut down after so long. Brown Family Communities has enjoyed a strong reputation for building quality homes. My husband & I owned Brown Family home in Ashland Ranch in Gilbert, and it was a terrific home with a fantastic floorplan and features.
Builders have been slashing prices on new homes to decrease inventory with the slowdown of the market. In the interview, Mr. Brown also explains the difficulty obtaining financing in this market, and how it attributed to the closing of his company.
My big question, which was answered in the interview was: “Will buyers lose their earnest deposits for homes that haven’t been completed?” I am impressed with Mr. Brown’s answer, in that he is mailing out over $600,000 back to the customers, which something he is probably not required to do.
This brings up a good point for buyers looking to purchase new homes. With the failure of many homebuilders and with more to come, we always recommend that our clients purchase new and spec homes with large, reputable builders. The Arizona Department of Real Estate now posts builders in trouble on their website, so the public has access to that information. View Here
I saw Mrs. Brown at HomeGoods (my favorite store) early this year, and found it charming that after all of the time they have been in business, she was still choosing all of the furniture for the model homes. The name “Brown FAMILY communities” seems to fit their business practices. I am sad to see them go.
CLICK HERE TO READ THE STORY & VIEW THE INTERVIEW ON AZCENTRAL.COM
For more information about new homebuilders, contact us at 480-892-1171.
When I received this via email, the subject said:
“Halloween is going to suck this year!”
Hope you have a Happy Halloween!
$155,500
BIG HOUSE! SMALL PRICE!
5 Bedrooms Plus Huge Loft
3,900 Square Feet
3 Car Garage
I came across this deal when I was scanning builder websites to find the best values available out there, to bring them to you on this blog! (Hopefully this one is still available as you read this!) This is a very spacious, functional floorplan from a national, well-known builder. This property is located about 25 minutes from South Chandler. Contact Us here or Call Mike or Sharon at 480-892-1171 for more information or to schedule a viewing! PHOTO shown is for illustration purposes only, same floorplan, not actual photo of spec home.
Click Here for Additional Information (Elevation, Floorplan)
Why don’t we list the builder/exact location?
At Click AZ Properties, we work with many buyers interested in purchasing new and spec homes. We scout out the best deals in the Phoenix area to present to our clients and the public through advertising. We earn our living by representing clients when they purchase homes, whether new or resale. Our agents have extensive knowledge of the builders’ inventories and incentives, and can save you both time and money on your home purchase. Keep in mind, the builder’s salesperson only represents the builder, not you, the buyer. Builders require that your REALTOR accompany you on the first visit to their communities…so call us before you start looking! We’re ready to go!
PIN3900
$227,000
Gorgeous curb appeal with stone accents! Tastefully decorated interior with warm colors and beautiful furniture! Upon entering, this home feels spacious and open with soaring vaulted ceilings in the formal living and dining room. This home is highly upgraded with tile flooring, granite counter tops, black appliances, custom paint, drapes, upgraded light fixtures and ceiling fans! This home features over 3100sf! Huge, open loft upstairs! Enormous master suite with sitting area! Spacious 3 car garage! Fully furnished! Just move right in!
Contact Click AZ Properties at 480-892-1171 to schedule an appointment to view!
Email Kim@ClickAZproperties.com for additional photos!
SAV3111
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$169,000
Incredible price for this fully furnished model home! Builder wants these SOLD! This popular floorplan features a formal dining/living room plus a large kitchen open to spacious family room! Highly upgraded model features granite counters, maple cabinets, stainless steel appliances, gorgeous 18″ tile, custom paint, drapes & upgraded light fixtures and fans! Wonderful plan features 3 bedrooms plus a split den, and over 2300 square feet! This model is decorated to perfection with the popular chocolate brown & ice blue decor!
Contact Click AZ Properties at 480-892-1171 to schedule viewing!
Email Kim@ClickAZproperties.com for additional photos!
SON2310
