Harbor Hills Country Club

Harbor Hills Country Club latest news and event information on Central Florida's finest luxury home golf course community.

Tuesday, November 18, 2008

Now is the time to buy a new home at Harbor Hills Country Club

Know it All

If you are reading this article, chances are you’re considering buying a home. That’s smart.

As no less an authority as Donald Trump recently stated, “There’ve been times I advised people to buy real estate and times I’ve advised people not to buy real estate. Right now is a great time to buy, maybe the best r time ever.”.

But what if you are not Donald Trump? What if you are an average wage earner like the rest of us?

The answer remains the same. It’s still a great time to buy, for many of the same reasons: plenty of inventory, exciting incentives, historically low interest rates and extremely motivated Sellers..

Plus President Bush has recently signed into law H.R.3221- the Housing and Economic Recovery Act of 2008-which allows first time home buyers to take a $7500 tax credit for the purchase of a home.

Conditions are especially favorable in Central Florida. One reason : As of August there was an estimated 24,000 homes on the market quadruple the number available in August 2005, at the peak of the boom.

That excess inventory-both existing and new construction needs to be significantly reduced before builders gear up again. And there are signs this is happening, as inventory gradually but steadily decreases and closings gradually increase.

Question. Friends have advised me to wait for the market to recover before buying a home. How will I know when it is the right time to buy?
Answer. Actually the best time to buy is when inventory is high and interest rates are low.


You cannot possibly time the absolute bottom of any market. Nobody can. Just remind yourself that it’s the strongest buyers market in two decades and that Florida remains one of the fastest growing states in the nation. These conditions won’t stay this way forever.

Also buying a home in a community like Harbor Hills is still a fantastic opportunity for many people. In fact experts estimate that home appreciation rates will return to historic averages of about 6 to 8 percent annually.

Investing $300,000 in a new home at Harbor Hills.
New Homes come with New Home warranties, the latest materials and features, the latest energy saving features, brand new materials including flooring, granite, appliances, paint, countertops and interior hardware, classic architecture and new construction.