Three Great Reasons Why Its a Great Time to Buy a New Home
Posted in the Lubbock Forum
Since: Jun 08
#1 May 1, 2009
We all know that its a Buyers Market right now. If you are financially stable and plan to stay in a home for a few years, then the time couldnt be better to begin your search for new homes in Lubbock, Texas!
Here are the top three reasons why you should start seriously looking for your new home and CLOSE on it before the end of the year.
1. Homes are affordable.
According to the National Association of Realtors housing affordability index (a measure of the relationship between home prices, interest rates and household income), homes are more affordable now than since they started measuring affordability in 1970.
2. Interest rates still historically low.
Interest rates are still historically low and if you have good credit and the required down payment, you can find a great mortgage.
3. You may qualify for an $8,000 tax rebate
If you are a first-time home buyer and close on a home before December 1, 2009; you could qualify for an $8000 federal tax credit that does not have to be repaid.
Individually, these are three great reasons to buy a home today. Put them all together and you could save thousands of dollars on your purchase and hundreds of dollars in a monthly payment.
What are you waiting for? New homes in Lubbock are now available at Vintage Township, where more than 30% of phase II is now sold out in just 3 months!
To take advantage of these historically low prices, low interest rates and see if you qualify for an $8,000 tax rebate, visit Vintage Township online at www.VintageTownship.com to find new homes in Lubbock, Texas.
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