More Incentives to Consider a Florida Home Loan this Spring
Did you know that April is New Homes Month? More than just a fancy moniker with no real meaning, this represents further reasons why it’s a perfect time to consider a Florida home loan.
The National Association of Home Builders (NAHB) is making it clear that buyers will soon be seeing incentives for purchasing property. As the record-setting sales pace of the last few years slows down a bit, home builders are offering creative perks to those considering Florida home loans.
“Understandably, some consumers are concerned about the housing market right now,” said David Pressly, NAHB president and a small-market builder and developer from Statesville, N.C. “But the recent decline is certainly no cause for alarm. The past year was a remarkable one for home builders, but the extremely high sales numbers would be hard pressed to continue at that pace. Even as we transition to more realistic sales numbers in 2006, buying a home will remain an excellent investment.”
Even a projected decline of approximately eight percent in 2006 new-home sales would simply return the housing market to the same healthy level of activities posted in 2004. Interest rates, though increasing, remain relatively low. Those in the market for a new home are also finding deals to good to pass up.
Buying a new home makes even more sense when you take into account that incentives are giving consumers more flexibility at the bargaining table. Across the country, builders and developers have been offering home buying perks that include:
- Interest-rate reductions
- Prepaid homeowner association fees
- Cable TV
- Help with closing costs
One home builder recently offered visitors to its new developments the chance to win a diamond ring valued at $4,500. Other reports include builders offering buyers enticements such as new flat screen televisions, one year of lawn care service or a “sign today” promotion of free upgrades.
“Now that most markets are stepping back from their previously frenzied pace, buyers are finding themselves with more bargaining power than they’ve had in years,” noted NAHB Chief Economist Dave Seiders. “Families can now take some time to look over all their choices and find that builders are willing to throw in incentives that weren’t available just a few months ago– all while still enjoying historically low interest rates.”
As you consider a Florida home loan during this commonly popular time to buy, don’t wait too long. Unique deals and offers are available to hopeful buyers right now.
