Beazer Homes Counts Down Days Remaining on Homebuyer Tax Credits
17 3월 2010 - 11:00PM
Marketwired
With less than 45 days remaining before federal tax credits of up
to $8,000 are set to expire, Beazer Homes (NYSE: BZH), one of the
country's top 10 homebuilders, is encouraging house hunters to take
action now by offering additional savings on top of the government
incentives. Qualified buyers who purchase now can save up to $8,000
on move-in ready and to-be-built homes at all Beazer new home
communities nationwide.
To claim the government-sponsored tax credit -- up to $8,000 for
first-time homebuyers and up to $6,500 for repeat buyers --
eligible buyers must execute a written contract by April 30 and
close by June 30, 2010. Those who qualify have the option to claim
the credit on either their 2009 or 2010 income tax return.
With the clock ticking, Beazer is betting the expiry of the
federal government tax credits and milder temperatures will bring
new home shoppers out earlier than usual this spring. According to
Kathi James, chief marketing officer for Beazer Homes, this year's
home-buying season shines a spotlight on the exceptional buying
power currently available, with the looming tax credit deadline
adding an additional spark of urgency.
"We're experiencing a true homebuyers' trifecta. Record
affordability, low interest rates and a government-sponsored tax
credit have all aligned in favor of buyers," said James. "We have
completed or nearly completed homes awaiting their first owners in
all of our markets, and we're prepared to execute contracts before
the April 30 tax credit deadline."
According to some real estate experts, for prospective buyers
who are looking to cash in on the government tax credit, buying a
brand new home directly from a builder could mean the difference
between meeting the government's deadline or not. In some cases,
bank-owned or distressed properties are taking several months to
get to contract.
In addition, those who qualify for Federal Housing
Administration (FHA) financing have an incentive to act now before
new guidelines drive up agency-backed mortgage costs. The FHA
commissioner recently announced new rules that will increase the
upfront mortgage insurance premium to two and a quarter percent
(2.25%) of the loan amount, instead of the current one and three
quarters (1.75%) percent premium. This upfront mortgage insurance
premium increase will take effect April 5 for all new FHA loan
applications. Also, applicants with FICO credit scores below 580
will soon have to make down payments of at least 10 percent (10%),
up from three and a half (3.5%) percent currently.
Those opting for a new Beazer home will have the added benefit
of lower monthly utility bills. Beazer builds only eSMART
high-performance homes, which are engineered as a whole-house
system to achieve greater energy efficiency, conserve water and
improve indoor air quality. To reduce energy use, all Beazer homes
include additional air sealing and framing techniques that allow
for more insulation per home. Additionally, Beazer uses denser
insulation within walls and attic spaces and energy-efficient low-e
windows.
A study conducted by the NAHB Research Center found that,
depending on home size and climate zone, Beazer's eSMART homes can
offer an up to 46 percent energy cost savings over comparable
houses built 10 to 15 years ago.
Other energy-saving features incorporated into every Beazer
eSMART high-performance home at no additional cost include a home
energy monitor, programmable thermostat, compact fluorescent light
bulbs and Energy Star dishwasher. To help conserve water, Beazer
uses regionally-appropriate plants and only water-saving bath
faucets and showerheads. To address indoor air quality, paints and
carpets that emit lower Volatile Organize Compounds (VOCs) are
used, and every home is equipped with high-efficiency MERV 8 air
filters and carbon monoxide detectors.
For more information, visit www.Beazer.com.
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Contact: Mandy Holton Brooks Email Contact
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