Two of the largest builders in our area Adams Homes and Mitchell Homes have lowered prices on their existing inventories for their homes located in Mobile and Baldwin County. It appears that an effort has been made to sell these homes before the end of the year. Adams Homes is offering additional incentives such as interest rate buydown or assistance with insurance/tax prepaid items if the buyer uses one of the builders preferred lenders.
Take a look at this chart to see the price changes. A few of these homes have already went under contract as a result of these price changes so the builders strategy appears to be paying off.
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