Local Real Estate Comments and Ramblings

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Buyers getting a better deal after the tax credit!

Now that the tax credits are expired many areas are seeing price declines.  Buyers who missed out or waited are coming out ahead! The combination of low interest rates, high supply, and lowered demand make it a great time to buy for those who are ready.  

As I have said before ...... Don't wait to buy real estate, Buy real estate then wait!
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RISMEDIA, June 29, 2010—(MCT)—Home shoppers who missed the April 30 deadline for a housing tax credit might have the last laugh. For a variety of reasons, they could end up saving more than the $8,000 they could have received from the tax refund.

In some neighborhoods and price ranges, sellers are dropping their prices because buyers are harder to find now that the credit has expired. Builders and real estate companies began offering promotions after the tax credit ended that, in many cases, are worth more than the credit.

Read the entire story here:
Home Buyers Who Missed 8,000 Dollar Tax Credit Coming Out Ahead | RISMedia

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Bob Southard
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Comment balloon 2 commentsBob Southard • June 29 2010 08:45AM

Comments

Great post, Bob.  I'm sure many buyers weren't thinking of that when they made their purchase.  

Kathy

P.S.  It's been forever since we've spoken.  Hope all is well.

Posted by Kathy Nielsen, Atlanta Georgia Home Stager (http://atlantahomestaging.net) almost 8 years ago

Hi Kathy, Thanks for the comment.  I had a couple of buyers that I was working with in April.  We kept getting in to multiple offer situations and getting outbid.  I told them then that not getting the credit won't be that big a deal because after the fever died down they are going to get a better deal.  Certainly seems that way now.

 

Posted by Bob Southard, e-Pro - Cobb, Cherokee, North Fulton (Atlas Realty Service, LLC) almost 8 years ago

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