The slow real estate market is causing some new home buyers to sweat as the possibility of paying two mortgages becomes a reality when current homes remain on the market longer. Builders are offering record incentives, but would be buyers are struggling with the reality of selling the current home causing them to walk away from juicy deals. The Atlanta Journal-Constitution has this to say about new home buyers:

“Face the builder. If you tell the builder you are not financially able to proceed, but that you understand your obligation and would be prepared to abandon the deposit, Adams said most builders would probably work with you to get beyond that situation. He’s even seen cases where the seller returned the earnest money. “Recognize that you have a choice,” he said. “You can’t make someone buy a house. You can’t put a gun to somebody’s head and say, ‘Sign here’ … especially if someone is facing what they perceive to be a financial crisis.”