You know, as an agent, I am noticing changes in the market.Â I have recently seen some homes go on the market and sell in a week or a day.Â Some foreclosures and some regular home sales.Â Homes are starting to move faster.Â Some homes are crisp, clean, and great curb appeal and some homes are just a plan good old deal that needs just a little work.
Just last week I started working with a young couple that is getting married in the summer.Â Â They are looking for a starter home under $30K.Â There are a few around that are in livable condition.Â Funny thing is that at leastÂ three they inquired about were sold in less than a week with multiple offers.Â One that had been on the market for over a year had four interested parties including mine and boom gone – sold to the owner’s daughter.
So inventory is getting sold off more quickly.Â I must say from what I am seeing, it is a fast moving spring market for the homes that are priced right and have the appeal.Â Â Buyers you have a little over 6 months to take advantage of the first time home buyer tax credit.Â Combine that with today’s interest rates.Â Â Also, consider those homes that have been sitting there (that you have been watching), they may not get reduced anymore in price.Â Â They will justÂ be sold – boom gone.
When I bought my first home in 1993, I had been looking for quite sometime.Â At that time the market was turning over houses very quickly.Â I kept loosing them to other buyers – it was very frustrating.Â The home that I chose, had only been on the market 10 days.Â I walked in and new I wanted it.Â I had the offer written up that night and it got accepted.Â I was told another woman was coming back the next day to pay cash and I beat her to it.Â I was so happy that I was able to secure the home.Â I lived there for almost 10 happy years.
First-Time Homebuyer Federal Tax Credit Info
First-Time Homebuyer Tax Credit Details
Great News! Tax Credit Can Be Used for Down Payment