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Make Your Move Now!

Why you should buy a new home in today’s market

Springhaven Pose

We may lap up the latest about Brad and Angelina or tune into the finale of the latest and greatest reality show, but we cower with our ears covered at unending reports of our troubled economy. And because bad news is reported somewhere 24/7, it’s become difficult to sort through what’s REALLY going on in the housing industry. The news media, while bellowing about foreclosures, excessive inventory, and unstable financial institutions, has failed to report that right now is a great time to buy a home.

Savvy investors understand the many reasons why now is a great time to buy and have taken advantage of current market conditions. But what about those non-investors? What about folks like you and me who just want to provide a home for our family, maintain some financial stability or just fulfill the American Dream?

Tax Credit for First-Time Home Buyers
First, Congress has just signed a bill to allow for a $7,500 tax credit for qualified first-time home buyers. This means an automatic credit of $7,500 on your tax return next year.
» Tax Credit Fact Sheet

Great Selection
Right now, the selection of available new homes is at an all-time high. With so many homes on the market, you can get the features you want, especially if you buy new construction. Hardwood floors, granite counter tops, upgraded appliances and outdoor living spaces are no longer out of reach for most buyers.

Low Interest Rates
Interest rates remain low. There are many of us who bought our first home at double digit rates and now we are paying half that! Qualified buyers can lock in a payment that fits their individual budgets and terms.

Unbeatable Investment
Worried about real estate as an investment? Don’t be! Homeownership is still one of the best long-term investments – better even than the stock market. According to the National Association of Home Builders, a home appreciates an average of 5-6 percent annually. And if you’re like me and have a tough time saving money, real estate appreciation is a simple way to work toward financial security.

Financial Stability
Need a little flexibility in your budget? Need a little financial freedom? I’ve got two kids in college and home equity comes in handy. Home owners with good credit can borrow against their equity to help pay for medical expenses, that dream vacation, and, yes, even college tuition.

A Home of Your Own
And, finally, it’s not a house, it’s a home. I know, you’ve heard that before. But a home is a place to raise your family, snuggle by the fire on cold winter nights, wake up to delighted children on Christmas morning, turn your son’s room into a gym (or a shrine!) once he leaves for college.

A home is a place to make memories and call your own. And now is a great time to buy a new home.

Written by Kim Finney, Marketing Director

The Mungo Companies

Mungo Homes Harbor Homes 1st American Builders Mungo Construction Sovereign Homes Palmetto Residential Rentals

Corporate Headquarters

441 Western Lane
Irmo, South Carolina 29063

Phone — (803) 749-9000
Fax — (803) 749-5885

mungo@mungo.com


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