Friday, January 29, 2010

2010 Outlook is Promising


After defying all the odds and having the best year ever in the midst of the "Great Recession," how does Fred Williams Homebuilder think 2010 will be? With more than 30 years of experience riding the ups and downs of the residential real estate market, Fred Williams unabashedly declares that he is "realistically optimistic!"

Fred says, "Although the over-supply of used homes is likely to increase, it only enhances the quality and value of our offerings."

Fred's confidence in the local real estate market is further reinforced by the extension of several of his existing communities. While most builders are scrambling to sell land and excess inventory, his company is developing over 200 lots in the Port Wentworth area: Phase II of Rice Creek, The Preserves and Barrington Estates, both subdivisions at Lake Shore.

"We're gearing up for another great year," says Stevie Williams, Sales and Marketing Director for Fred Williams New Home Sales. Adding that, "Pre-selling will begin in March with a grand opening scheduled for May."

In a challenging market, the strongest players survive and Fred Williams Homebuilder is poised to pick up local market share. The company is introducing two new product lines designed to appeal to both entry-level and move-up buyers. An experienced and professional staff, along with a top performing sales team, is prepared to work with home buyers on all aspects of what has proven to be the most important purchase a family ever makes.

Fortunately, interest rates are expected to remain near historical lows for the better part of the year and the housing market should show signs of stabilization. And while the new and improved federal home buyer tax credit can benefit first-time buyers, it also includes provisions for home owners who want to sell their current home and buy a new one. Buyers who want to use the tax credit must have their new home under contract by April 30th and close the transaction by June 30th.

With mortgage rates still at record lows and the first-time home buyer tax credit extended and expanded, now is definitely the time to buy.

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