Price protection in a volatile market?

[stan234]

What is the name of your state?What is the name of your state? Nevada

I have signed an agreement to purchase a new home in the next few months (it is currently being built in a subdivision) and am curious if there are any ways to protect myself from a downturn in what is a fairly aggressive market here. In other words, what, if anything, can I do now to keep from being burned (as badly) if my house becomes worth less than I paid for it?

My apologies if this is the wrong forum.

[shortbus]

A little late to be thinking about that, wouldn't you say.

[HomeGuru]

Originally Posted by stan234

What is the name of your state?What is the name of your state? Nevada

I have signed an agreement to purchase a new home in the next few months (it is currently being built in a subdivision) and am curious if there are any ways to protect myself from a downturn in what is a fairly aggressive market here. In other words, what, if anything, can I do now to keep from being burned (as badly) if my house becomes worth less than I paid for it?

My apologies if this is the wrong forum.

**A: did you try praying?