Builder incentives can offer a safe haven from uncertainty around mortgage rates & pricing in general.
We live in interesting times. Especially if you’re in the market for a new home. On the upside, we’ve swung from a severe lack of inventory to a much more balanced market. But pricing has, for most part, remained high, as seller’s seek to get the most from their investments. And uncertainty around mortgage rates makes getting the home you want even more challenging.
Builders, however, have the financial wherewithal to provide some very attractive incentives to today’s home buyers. After all, builders want to get inventory off their balance sheets, so they may be willing to make some concessions that sellers of existing homes just can’t match.
Some of the incentives builders might offer include:
- Deep reductions in pricing
- Affordable mortgage rate buy downs
- Flex cash to spend at the design center
- Other options on a case by case basis
Let’s look a few northeast Florida builders and some of the incentives they’re currently offering.
David Weekley Homes
Now through April 30th, David Weekley is offering 7% off the base price of many of their homes, for savings of up to $40,000. Browse available homes for sale in some of these area communities:
Lennar Homes
Purchase a Lennar home by April 27, and you can receive a promotional FHA fixed rate as low as 4.25% (5.202% APR) and up to $15,000 toward closing costs. Browse available homes in some of these area communities:
Of course, other builders may be offering similar incentives. And, come May, there may be a new batch of valuable incentives being offered by area builders. So check back here to learn more about how builders can help you save in your home search, or drop us a line below:
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