Why Buy a New Home

If you're in the market for a home, this could be an excellent time to buy!

  • Interest rates are at historic lows. In fact, interest rates have not been this low in almost two decades! There is money available, and the cost of buying or building a home may not be this low again for years.
  • Selection is excellent! Many Alabama builders have homes that are move-in ready, and there is a good selection available. Owners of existing homes who are looking to trade up or relocate are also ready to bargain, making this truly a buyer's market.
  • First time home buyers get an $8,000 tax credit. Between now and November 30, 2009, first-time home buyers are eligible for an $8,000 tax credit which is fully refundable and does not have to be repaid. Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 a year qualify for the full amount. Ask a Home Builders Association member for more details.

Click here to learn more about the First-Time Home Buyer Tax Credit.