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Aug 18
2010As a parent, I don't know how many times I have told my kids "don't put off for tomorrow what you can do today". I have tried my best to encourage them to not procrastinate.
So, I find myself having one of those parent moments right now as I view our local Birmingham real estate market as it relates to new home sales. In this rare case, it might pay to have procrastinated.
So many people in our communities took advantage of the first time home buyer tax credit which expired in June. We have already sold over 50 new homes in Birmingham this year. Many sales were tied to first time buyers taking advantage of the tax credit. Since the expiration of the plan, many people have told our sales team that they wish the tax credit was still in place.
However, it is actually a better time to buy a home now than it was during the tax credit.
Interest rates on mortgages have fallen since the spring. They are currently the lowest that I have seen in my 17+ year career. The recent drop in rates means that if a buyer is planning to live in their home for 4 or 5 years, then they will save more through lower interest rates than they would have made from the $8,000 tax credit. In other words, it pays to procrastinate!
For a complete explanation of the numbers, I encourage you to visit our communities and allow our agents to demonstrate the savings.
We are selling WOW in Birmingham. Come out and be WOWed today.
Just don't tell my kids that I ever said to procrastinate!
Price Hightower
President, Tower Development, Inc.
by Sandy Reeves
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Jun 17
2010Summer is hot and so are our sales! Tower Homes is off to a great start in 2010.
In Oxmoor Ridge our new Bell Tower Cottages are red hot! We have sold a dozen and are starting more now to keep up with demand. If you have not toured this new series of plans, you need to come out and take a look. With prices starting at $157,900, they represent a great value.
Another hot plan in Oxmoor is our new Crestwood plan. We have sold out of those, but should be starting more of them in July. If you missed out on a Crestwood then you might want to make a lot reservation at our sales center.
Overton Crossings is hot as well. We only had 14 home sites in this community and we are down to just 6. Our basement homes are truly unique. They offer main level living with the option of adding more living space downstairs. A phenomenal value at just $234,900.
I know that the heat and humidity are high, but don't miss an opportunity to capture a low interest rate on a value packed home.
Come out and see us (we have cold Cokes and ice cream waiting).
Price Hightower
by Sandy Reeves
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May 21
2010Oxmoor Ridge is next door to one of the most prestigious golf courses in all of America. Oxmoor Valley is home to one of the eleven courses on the Robert Trent Jones Golf Trail. The course is so close that Oxmoor Ridge residents can catch glimpses of golfers playing the course.
The Robert Trent Jones Golf Trail is the largest golf course construction project that has ever been attempted. The Wall Street Journal said the course of 468 holes "may be the biggest bargain in the country." In addition, the New York Times called the Trail" some of the best public golf on earth."
The Oxmoor Valley course is built on mining land formerly owned by U.S. Steel. Sculpted from the peaks and valleys of the Appalachians, the course is challenging yet enjoyable to play with friends, family, or clients.
Luckily, Oxmoor Ridge is literally a step away from this magnificent attraction. The Robert Trent Jones Golf Trail is yet another reason to buy at Oxmoor. Not only is the quality of the community and homes special, but the attractions around the community also contribute to the uniqueness of Oxmoor Ridge.
by Sandy Reeves
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May 4
2010*This is the first installment in a series of informative blog entries geared towards introducing you to Tower Development, our communities, and home care tips that we think you would find useful.
The Top Five Reasons to Love Oxmoor Ridge
The largest community Tower Development is building right now is Oxmoor Ridge, the hottest new community in Birmingham. Located off of Lakeshore Parkway, Oxmoor features starter homes at low prices. Here are the top five reasons I love Oxmoor Ridge:
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Accessibility to surrounding areas. The closeness to locations like UAB, downtown, Samford, Brookwood Mall, Homewood, and Vestavia is one of the things that sets Oxmoor Ridge apart from any other community in Birmingham.
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Diversity of style. Oxmoor is not just another simple cut-and-dry community where each house is identical to the one next door. Featuring an astounding 18 different home plans, Oxmoor Ridge is filled with diverse homes selectively placed throughout the community.
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The park. Another part that contributes to the masterpiece of Oxmoor is the park that welcomes potential home-owners. The luscious field, the playground for children, and the trees that provide shade combine to form a park that is perfect for an outside experience inside the community.
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The topography. The homes are incorporated into the land at Oxmoor, not the other way around. With rolling hills and scenic views, this community diverges from the normal path developers take of straight streets and level ground, adventuring into a topography that is pleasing to the eye.
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Luxury home features. Each home goes beyond the normal requirements with features that are hard to find outside of Oxmoor. Features like jetted tubs, hardwood flooring, security systems, flat screen TV's, and surround sound packages set Oxmoor Ridge homes apart from the competition.
Price HightowerPresident of Tower Development, Inc.by Sandy Reeves
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