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Are you ready for a new home?

According to the Merriam-Webster Dictionary, a buyers’ market is a “market in which choices are plentiful, buyers have a wide range of selection, and prices tend to be low.” The most respected home builders in Tampa Bay and surrounding areas agree it’s no secret that the housing market finally, after a very long while, belongs to the buyer. Home sales and prices dropped in 2006 and left many potential home buyers wondering, “is now the time to buy a new home?”

The answer is “yes.”

By taking advantage of low mortgage rates and builder incentives that can add up to thousands in savings, home buyers need to understand that right now, real estate is a great investment and is one of the strongest things you can do with your money—especially when it is going towards a new home. To understand this, one must understand that homes experience a life of their own, all the way from infancy to maturity. As with other investments, sometimes the longer you sit on it, the more valuable it gets. So don’t be afraid to make that commitment to buy a new home. After all, it’s not just a new house; it’s a home for your family.

Buyers should also consider the trickle-down effect of new communities. As they become more and more common across the U.S., master-planned communities that showcase homes by several different builders also include open space, parks, school sites, hiking and biking trails, and/or security amenities—all of which usually fares well for the appreciation of these new homes. For the same reasons you are attracted to this aspect of your new home purchase, others will be as well, and likely follow suit.
It is often because of the creation of new home communities that streets get widened, utility infrastructures get attention, small businesses begin to boom and better schools are built. The influx of new property taxes and the need to fill the demand of the new residents can have a tremendous affect on value in a given area—more proof that with age comes value. It is amazing how an area can be completely transformed because a group of select builders decided to ‘go for it,’ and build a new home community.

Another aspect of today’s market that is particularly advantageous to buyers is the large inventory of quick delivery new construction homes that are available. Quick delivery homes are newly built homes that are already, or near, completion. They offer all the benefits of a newly built home, but without the wait of the building process. It’s instant gratification on a desirable new home—your new home.

Even though no one can predict the future, many industry experts maintain that a real estate purchase, especially a new home, can be one of the best investments you’ll ever make. And the market is yours—interest rates are still at their lowest in years, home builder and tax incentives are abundant, and home selection is high. It’s the ideal climate for the purchase of a new home, and some of the most beautiful homes in the nation are waiting for you right in your backyard of Tampa Bay.

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