Tuesday, June 12, 2007

It's a Buyer's Market - reported by NAHB



  1. Prices are leveling off and you are in the driver's seat for getting a great deal on a new home

  2. There is an enormous selection from which to choose

  3. Builders are offering great incentives so you can get more for your money

  4. Interest rates are near historic lows, but have been INCHING UP in the last couple of weeks

  5. Tax Benefits. Able to deduct mortgage interest payments and state & local property taxes

  6. You will be building up equity for use years down the road for retirement and college expenses etc.

  7. Make a down paymnet of 10% or less of the value of the house. earn returns based on the total value of the property. Plus you get to live there!

  8. Today's new homes are increasingly energy-efficient and are constructed with resource conserving materials and techniques to save you money.

  9. Updated amenities such as gourmet kitchens, mini-spa bathrooms, tile and wood flooring, and entertainment centers are available in a newly built home.

  10. Florida's building codes have changed rapidly and new construction in Charlotte and Sarasota counties are stronger, more durable, more tightly constructed and insulated and much better able to withstand the natural elements of this beautiful tropical environment

  11. Prices for new homes are at a good value point. Upcoming increases in materials, labor and government imposed impact fees, will only increase these prices in the future

  12. Chances are that the insurance premiums will be less on new construction

  13. THE COST OF DELAYING THE BUYING DECISION WILL BE AFFECTED BY price increases on labor and the loss of leveraging, loss of potential tax benefits and the loss of possible incentives

  14. Timing the real estate market is a game you can't win . No one knows when the end of the "Buyer's Market" will be, but, because of the factors above, there's no reason to wait to make your move.