Haven't you heard our nation is suffering from a financial crisis? Haven't you heard about all of the turmoil on Wall Street?
How could you not? The 24-hour news channels are thriving on all of this doom and gloom-and their ratings have never been higher. It's no secret that the economy could be much better; however, recessions are the natural growing pains of a strong nation. Historically they have occurred about every 50 months almost like clockwork-but we always rebound stronger than we were before!
It might seem odd to some that we've been so busy in the sales center we don't have time to make coffee each day. Or that 40 families have already invested in a new home and a new lifestyle at the Peach Grove Villas, with several new people last month. But these smart & savvy buyers have recognized that a "perfect storm" of circumstances has formed to make this THE MOST PROFITABLE time to invest in a new home, possibly ever! Here's what they know:
1.) 30 Year Mortgage Rates are at ALL TIME LOWS! A conventional mortgage costs $150 less per month on our average home than it did three months ago!
2.) Home values are... kind of irrelevant? That's right, whether values are historically high or historically low, everyone is on a level playing field. The possibility receiving a lower than expected price for their existing residence is more than offset by the lower price they are receiving on their new home.
3.) Which investment would you choose? If you're like most people, the choice isn't whether or not you are going to own a home, it's whether you keep investing in your existing home or invest in a new one. Which investment is more likely to appreciate-your current older home or a home freshly designed and built to be relevant for today's and tomorrow's buyer? After all, while you wait for the market to recover, wouldn't you rather be in a new maintenance-free home, customized to your taste? Sometimes "playing it safe" isn't very safe at all.
4.) Buy Low, Sell High. It's the first rule of investing. Home purchases are not meant to be short-term investments and smart buyers know that waiting for a stronger market means paying higher prices. You've heard the news that new housing starts have been falling for the past two years. This means the supply is rapidly decreasing. This also means that when the demand returns to normal levels and new homes are in short supply, prices will undoubtedly skyrocket-it's Economics 101! Don't lose out your chance to invest near the bottom.
5.) Experience the difference! Builders are rolling out the red carpet for their customers these days. The Customer is King, now more than ever before. Custom changes-no problem! Don't miss out the chance to have a great buying experience with a customer focused builder before they get too busy to go that extra mile!
6.) Save Green, Be Green. Our customers are enjoying a savings of around 40% on their utility bills because of our great features. That's an extra $100 per month!
7.) Quality Counts. Our homes are always built to the highest standards. However, with a lighter workload, only the best tradesmen have retained -AND THE DIFFERENCE SHOWS.
8.) Locally things are not bad at all. Columbia was recently ranked in the top 20 real estate markets based on 2008 appreciation of home prices. We are 1 of 21 markets that stayed flat or increased in value last year. Days on the market is only up 15-25 days on most homes and foreclosures are only slightly off average. In short, the local market is holding its own.
8.) Made in the U.S.A. With the housing industry comprising 1/5 of America's GDP an investment in a home is an investment in America. Most Americans feel a patriotic draw toward buying American made products, but does it really make a difference? Think about this-virtually ALL of the dollars spent building and buying a new home stay in your local community. Now that's what I call a stimulus package (where it counts)! JFK said it best, "Ask not what your Country can do for you, but what you can do for your Country." Simply put, those who wait on the sidelines are continuing to compound the problem, but those who CAN afford to purchase a car or a home during a time of recession and actually DO IT are Patriots and should be applauded.
For more information on Peach Grove Villas, see: http://www.epconcommunities.com/CommunityLandingPage.aspx?object_id=100079
http://www.CondosColumbiaSC.com
http://www.peachGroveVillas.com
This was taken with permission from another Epcon Community -- thanks to Tom Joyner (the Epcon guy not the Morning Show guy) for the basis for this .
