5 Reasons Right NOW Is The Time To Build Or Buy A New Home In Wilmington
1. Mortgage Interest rates will rise in 2017
The broad consensus is that the Federal Reserve will raise interest rates 2-3 times this year. As a result, mortgage interest rates will rise along with it. That means now is the ideal time to lock in an interest rate that is still low by industry standards, with the average rate on a 30-year, fixed-rate mortgage at 4.32 percent this week. Although that’s the highest level since April 2014, it still is historically a bargain.
2. Colder months mean builders have more time for you (and at a better price, typically)
Home builders are not as busy during colder months than they are when it warms up in March and into the summer months. Even though cold or bad weather can slow down the building process initially, often times buyers will end up paying much less since demand is lower and materials are less expensive. Herrington Homes of the Wilmington area is a custom home builder of distinction that is helping people make their dream home a reality.
3. More attention, less competition
The winter months are typically slower months for home sales. Let’s face it, it’s not as fun bundling up to go look at real estate. On the bright side, bundling up can have huge benefits on the level of service you receive. Real estate agents have more time to work with you during colder months and developers or lot owners may be willing to offer a better deal since you’re competing against fewer potential buyers.
4. Shop the best of the best in community living
There are many great communities with lots of possibilities to consider. If you’ve always wanted to live in Wilmington, the best of both worlds is available. River Bluffs is located close to Historic Downtown Wilmington, yet is beautifully sited on the Cape Fear River where you’re surrounded by trees and green space. Desirable amenities including a large swimming pool, community garden and restaurant serving delicious food is right on site.
5. Enjoy a golfer’s paradise
If you’ve always dreamed of living on a spectacular golf course, Brunswick Forest is the place for you. For several years Brunswick Forest has attracted people not only from all across the U.S., but from countries as distant as Australia too. The range of amenities at Brunswick Forest is unparalleled:
- miles of hiking and biking trails
- 72 holes of golf
- fitness center and three community pools
- kayaking and canoeing the lake or creek
- nearby shopping
- 15 minutes from Wilmington’s thriving theater, art gallery and restaurant mecca in Historic Downtown Wilmington