Bigelow Homes Announces The Recession Proof House

Bigelow Homes, a residential home builder with developments in Illinois and Texas, has announced what it calls the “Recession Proof House”.

Bigelow is following the lead of many automobile manufacturers in offering to pay the buyer’s mortgage if the buyer becomes unemployed. 

In an additional effort to improve sales, Bigelow is also offering:

• No down payment financing.
• A guarantee that the value of the home will not decrease.  If the buyer decides to sell the house and it does not sell for at least the original purchase price, Bigelow, through an insurance policy, will pay the difference.
• Flexible living space, which is designed as a separate living area with its own private entrance.  The idea is that if someone is financially unable to pay the house note on their own, then they could sublease this space as an apartment or perhaps share the expense by having an adult child or an elderly parent live in the space.

 With home sales still at an all time low, it will be interesting to see whether other builders will follow the Bigelow’s lead.

Related posts:

1. Do I Get a Free House?
2. Are banks crazy?!!! Wells Fargo sells house at a Texas foreclosure auction for $49,000 less what was offered just days before the foreclosure sale AND by the same buyer!
3. House Vote on Help for Homeowners Delayed