First of all, it's a buyer's market. But you already knew that, so what's stopping you? If you're yearning to buy your dream home but can't get past the media hype and the fear, consider this:
Right now...
There are unparalleled deals that offer substantial savings and incentives
Interest rates are still near a (40-year) low
There are plenty of banks making loans, many of them offering low down payment programs
The smart buyer knows that a low mortgage rate gives the buyer a lot more house for the money
A lot is happening to rejuvenate the economy and credit programs, and in many areas the housing market is showing signs of a rebound. By making a deal on a home right now you will cash in on an opportunity that may well never come again. Don't forget that over time Ð even throughout other downturns in the economy Ð real estate has always appreciated. So with the purchase of a new home today, you may stand to achieve the best possible appreciation in the future. Meanwhile, you're living in luxury!
This perfect storm for would-be homeowners makes NOW the best time to buy in many, many years. Waiting to hit the theoretical "bottom" means you won't find a home until prices are on their way back up. Right now, many people are putting opportunities "on hold." Can you imagine everyone waiting for the mysterious bottom, only to pounce on the best deals out there all at once? What are you waiting for?
Yes, it's a buyer's market. But only if you buy.
** Source: Business Week, Standard & Poor's
Housing starts have dropped to their lowest level since 1959, so very soon there will be far fewer fabulous deals on new homes to choose from. Beyond that, here are a few really good reasons to buy new:
Buying a new home will save you even more than you may realize when you consider the incredible costs associated with maintaining and updating a pre-owned home to meet your needs and tastes
After just five years, most houses begin to require costly maintenance and repair. For a home that is twenty five years or older, you could realistically spend more than $130,000 to bring that home to "like new" condition. But that doesn't include redecorating or making structural changes.
Today a lot of things will be built into a home that weren't in years past. Energy efficiency and streamlined maintenance have evolved dramatically. And that-along with the level of comfort and satisfaction a new home brings-makes an enormous difference between what a home costs you, and what you get in return.
Source: Toll Brothers
Live in a neighborhood of new homes.
Secure a great home site but build when the time is right.
Choose a home site to meet your preference-some are larger than a standard Briar Ridge lot, some are smaller.
Enjoy golf course, creek and fountain views.
Live with minimal traffic by crossing a lighted bridge with art quality rails on to a winding cul de sac street culminating with a lighted fountain.
Amazing Incentives are available.
Enjoy security beyond the norm.
During the 2008 flooding that ravaged much of South Lake County, nothing more than puddles wet Shannon Bridge and the emergency/truck exit to Main Street. (Shannon Bridge has two exits)
A lightning detection/warning system is located at the edge of the neighborhood.
The lift station has the control panel in a building and a stand by back up generator. The bridge complementing fence adds good form to function.
Emergency vehicles can enter Shannon Bridge across the bridge or from the Main Street emergency gate.
The two main entrances to Briar Ridge Country Club are manned 24 hours per day.