This weekend only, Saturday February 28 through Sunday, March 1st, Engle Homes is holding their super weekend sale on select homes. They are offering discounts of up to $70,000 and 4.5% 30 year fixed mortgage rate (for those that qualify). There are qualifying homes on sale in the Mountain’s Edge communities of Rivendell and Beacon Hill, plus Cambria, Watercrest at Duck Village and Escalante. Engle Homes also offers up to $10,000 towards closing costs when you use their preferred lender.
On their website they also make the case of buying now versus waiting 12 months. However, they leave out a critical piece of information, the first time home buyer tax credit. Here is their argument:
| Today
$218,900 putting 20% down, 30 year mortgage 5.5% interest rate $994.31 mortgage payment |
12 Months
$197,010 if prices drop another 10% 6% interest rate $994.94 mortgage payment |
Now if you are a qualified first time home buyer, in the above breakdown you would receive an $8,000 tax credit for purchasing a home now, instead of waiting 12 months. There are some stimulations (when isn’t there?) for the sale Engle is having. Home purchases must close escrow before March 31st.
If you would like to tour the current Engle homes for sale, call 702-493-8033 or contact me through email.
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