The end of the year is not only the best time to purchase a
vehicle, but it is also a great time to buy a “standing inventory “ new
home. For a new home buyer- the end of
the year is what we real estate agents consider to be a “buyer’s market” for a “new home”
buyer. Not because there are more homes
on the market than buyers; but some builders are more motivated to sell standing
inventory.
There are plenty of
new home deals to be found in many new home communities. More than 3800 new homes are for sale
throughout metro Atlanta on the Georgia MLS database and even more listed on
the First Multiple Listing service.
In lieu of builders drastically slashing the sales price of
new homes, some will instead entice the buyer by paying as much closing cost
that the home-buyers mortgage loan program will allow. A FHA mortgage loan will allow the builder to pay up to 6% of the
buyer’s closing cost. Other builder incentives comes in the form of cash
rebates or free premium upgrades- from carpet to hardwoods or granite counter
tops -if the home is still under construction.
If you’re in the market to become a homeowner, you just
might find a better deal in buying a new home.
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