This is definitely a hot seller's market. As I scour the MLS several times a day, I see more and more vacant land going up for sale on a daily basis. Many reports show not enough inventory available to keep up with demand. New home sales are on the rise as I talk to many builders in Central Florida. Good deals are popping up due to competitive and aggressive housing market. While rates are holding low for now and still diving, this is the time to lock in a low 4-2.25 percent loan while it last. Home sale prices are holding for now, however in new construction communities, as they sell at least five homes the price will generally increase two to three thousand dollars for a lot and or home. Same as the vacant land. Buyer market has fell in place at the same time, why? Because interest rates fell eight times in 2020 which caused a spurt of buyers that have good credit and money saved.
In these new homes, many have converted to smart and green homes, some time ago, again with excellent features and benefits to include the popular Alexa. Builders have noticed a trend of buyers has expounded on how the home is centered around kitchens. They listened and kitchens have stepped up in luxury homes to include gourmet kitchens as a standard feature for many high end builders. Also a bonus for a fitness gym, builders listened again many families would prefer to have the luxury to exercise at home and not leave the house.
Lenders have offered many incentives to include to buy your rate down so that your monthly payment can be lowered. Remember financing conventional eliminates mortgage insurance and rules apply to meet these conditions. I just went under contract with a luxury home that offered a free pool! Timing is the key, so why not take advantage of the good deals while they last, feel free to contact me today at 850 496-6412 to search for that perfect home and location to fit you and your family lifestyle.