Now is the best time in decades to buy a new home. How do we know? We have 90 years experience in the homebuilding industry. And, we listen to the experts. Here is what they have to say:
"Now is one of the best times in years to buy a home - in almost 30 years. Capitalize on this down market"
Mellody Hobson, Financial Contributor, ABCs Good Morning America, July 1, 2008
"2008 will present a unique opportunity that has never occurred in the housing market, namely lower home prices and low mortgage interest rates. It is an excellent time to buy."
Jeffrey Otteau, president of Otteau Valuation Group
"The new home market offers homebuyers a rare window of opportunity today, especially for motivated buyers who are looking for excellent locations and value."
Jeffrey P. Orleans, CEO and Chairman of the Board, Orleans Homebuilders
We could not agree more. After 90 years in the homebuilding industry, we have rarely seen better conditions for buying a new home. Consider the following:
Interest rates are still very low. What does this mean to you as a buyer? More home for your money and lower payments over the lifetime of your mortgage.
Your home is a great investment, on average doubling your investment over 10 years. And when you buy when the prices are low, like now, you get even better appreciation.
Homeownership offers immediate benefits and long-term value. Homeowners accumulate wealth for the future while enjoying the benefits of a shelter that they can use, improve and sell.
According to the 2007 National Association of Realtors Profile of Home Buyers and Sellers, first-time buyers made a median down payment of 2 percent, while repeat buyers who financed their purchase put 16 percent down, indicating the wealth-building effect of homeownership.
Why Consider Buying Your New Home From Orleans?
Homebuyers can take comfort in knowing that their home is built by a homebuilder with a long history of homebuilding excellence in the Delaware Valley. For over 90 years, the Orleans company has set the standard and continually "raised the bar" for providing extraordinary designs, exceptional value, outstanding construction and striking communities in the most convenient and desirable locations.
Alambry Mortgage, Orleans’ in-house mortgage company, supports homebuyers every step of the way. Their unique Mortgage Plus program provides home-buying benefits not found anywhere else. Benefits include a cash bonus at settlement or reduced monthly mortgage payments, extended warranty coverage, and extended rate protection for up to six months.
Orleans also offers additional "peace of mind" programs including a Resale Contingency Program that provides homebuyers with protection when selling their current home, taking the stress and worry out of buying a new home.
Orleans offers townhomes, carriage homes, single family homes, luxury estate-style single family homes and homes in 55+ communities in the most sought-after locations convenient to shopping, major roads, cultural and recreational activities, and highly regarded school systems. You will be sure to find the perfect home for you and your family.
Experts point out that with new home inventory shrinking, foreclosures declining, and sales of homes on the rise, signs point to the bottom of this housing cycle either being hit or bottoming out soon. Interest rates are beginning to creep up, however. If you want to take advantage of getting the best mortgage rate, the best price and the best home, don’t delay.
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