New Construction...

Now that the tax credits for first-time and repeat home buyers have expired, many people are wondering if this is a good time to buy a home?

The answer is easy: Yes

It’s a very good time to purchase a home. The recession is in retreat, and even though housing is on the mend, it’s still a buyer’s market. Moreover, Congress has made it clear that the home buyer tax credits are gone for good and will not be renewed. Even without the tax credits, there are many opportunities in today’s market including affordable prices, low mortgage rates and great new homes.

Low Interest Rates

Like inventory and pricing, mortgage interest rates are still at very favorable levels, but rates are sensitive to market forces and can change quickly. There’s no indication that rates will suddenly surge upward, but even a slight rate increase can push monthly payments to the point that a buyer might miss out on their first choice for a new home. Prospective home buyers also should be aware that lenders are looking more closely at borrowers today than in recent years. To ensure that the process goes smoothly, buyers should consider pre-qualifying for a mortgage and having financing in place before shopping for a new home.

Greener and Better

With energy costs near the top of consumer concerns, it’s good to know that new homes can be more energy efficient than ever. Innovative materials and construction techniques mean that today’s new homes are built to be much more energy efficient than homes constructed a generation ago. Not only can they be more affordable to operate, new homes also are significantly more resource-efficient and environmentally friendly.

Click here to learn more about Flynn Homes green and energy efficient building practices and products.

Designed With Buyers in Mind

Designed to accommodate today’s busy lifestyles, new homes feature open floor plans, flexible spaces, improved safety features, low-maintenance materials and other amenities that make them more appealing than ever before. And in many areas, prospective home buyers who wish to live in age-qualified communities for those 55 and older will find a large selection of homes tailored to the evolving lifestyles of the baby boom generation.

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