Ask Rick's Blog

New Homes In Birmingham Are A Safe Purchase

  

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There is no better time to buy a new home in Birmingham than now. Why? It’s simple,

1. Interest rates are at an all-time low. They can’t go any lower. With money this cheap, lock in your interest rate and you will save for years to come.
2. Here in Birmingham, not only has the housing market bottom. It’s actually been appreciating. Just like buying anything, you want to buy at the markets low point so you can enjoy the appreciating in the future.  
3. There is a shortage of good quality homes for sale in Birmingham. There is an abundance of older homes that have been neglected over the years that need to be completely remodeled. With many of this homes, remodeling with cost you more in the long run than buying a new home.
4. New homes are built with material / commodities. Commodity prices are not going to go down, but in actuality we increase as our economy improves and inflation starts to set in.

With commodity prices increasing, home values increasing and cheap money makes for the perfect time to buy that new home.

Good luck with your new home search, and if you have any questions about purchasing that new home, feel free to contact me.