Last week I wrote about how first time home buyers wanting to take advantage of the $8K tax credit have run out of time to purchase a foreclosure or short sale (”Foreclosures and short sales are no longer an option for first time buyers “).
What is a lost opportunity for first time buyers is a window of opportunity for sellers of starter homes! For approximately the next 2 months first time home buyers won’t be consider purchasing foreclosures and short sales because there is too great a risk that they won’t be able to close their sales by November 30th to be able to collect their $8K tax credit. Thus, there will be less competition among starter homes!
In general, if you don’t need to sell this year, don’t. However, if you have a reason to sell this year such as taking advantage of the market to move up to a more expensive home or getting rid of payments on a home you no longer need, get your home on the market NOW! Contact me for a complimentary market analysis!
Similar Posts:
- Take advantage of advanced pricing analysis!
- 1st time home buyers who procrastinated are making some home sellers very happy!
- Homebuyer tax credit extended and expanded to include current homeowners!
- Don’t Assume a List Price Represents a Home’s Value
- Why Now is a Great Time to Move Up to a Larger Home
