Why Buy Now?
Why Buy Now?
It is a Buyer's Market today.
With fabulous interest rates, an amazing variety of once-in-a-lifetime home purchase opportunities, a good economy, a record-setting stock market, and all the luxury, value, and quality KCB builds into every home - your timing is spectacular! In fact, the fundamentals that typically lead the home building industry out of a slowdown are already in place - so now is the best time ever to buy the home of your dreams!
What, Exactly, is a 'Buyer's Market'?
Buyer's markets have these characteristics:
Homebuyers have far more selection.
Sellers become more flexible.
Home buyers get a break from rising prices.
More new homes are available for early occupancy.
Simply put, this means that buying a home can be far easier and more affordable.
In a seller's market, inventories are lower, and prices are rising. Buyer's decisions must be made quickly, because availability can change from day to day.
Rates are still near historic lows:
You can take advantage of some of the lowest interest rates in 40 years
Wells Fargo, Keystone Custom Builder's mortgage partner, is now offering programs with low rates still available.
Your home can be a fabulous investment:
From 2000 to 2005 in the Washington, DC Metro area, the average home appreciation was 114%**
On a national level, home appreciation typically rises 5 - 6% annually
By contrast, during the same time period, the S&P 500® returned -1.5%
Better prices can mean even greater appreciation!
Many of the costs of owning your own home are tax deductible.**
Your Buying Power Will Never Be Greater Than It Is Today
For homebuyers, a rare window has opened. Now is definitely the best time to buy a home, as your buying power will never be as strong as it is today. Interest rares are still very affordable. Sellers are more flexible, and there's lots of inventory and willingness to work with you.
Here's something else to consider: Construction costs are increasing. The price of energy, lumber and other materials are all rising. Soon, these costs increases will be passed on to buyers.
No one knows how long this buyer's market will last. But housing markets are cyclical, and we're clearly in a buyer's market cycle now. Homebuyers should take advantage now, before it reverts back to a seller's market.
So get out and see what is available. Make your decision soon. It's a buyer's market, and this is your time!
Mortgage interest and real estate taxes are deductible***
Capital gains can be rolled into future homes and may even be tax-free***
Below-market financing is available
A wide range of loan programs are available
In most areas, the economy is still strong, and you have more choices than ever before. When you choose a KCB home, you're choosing our unsurpassed reputation and our deep commitment to our customers. With a variety of special sales and mortgage programs available now, we can help make the home of your dreams a reality!
** Source: Business Week, Standard & Poor's *** Consult your tax advisor