Wednesday, January 13, 2010

Did You Know????

In the Triad in November 2009, 50% MORE HOMES SOLD THAN IN NOVEMBER 2008. In the US, 42% more sold than in 2008. What does this mean? The first tax credit that applied to first time home buyers worked in stimulating home sales! Economists are directly attributing most of those sales to the tax credit. This is further reinforced by the fact that sales slipped to next to nothing in December (even taking into account the usual December slide from all the festivities). If you are trying to sell your home now, or even contemplating it, what does this mean for you?
You do NOT want to miss the next crucial window. The current tax credit requires that homes be under contract by April 30 and closed by June 30. Do NOT wait until February or March to list your home. If your home is already listed, do NOT wait to get aggressive and proactive about pricing, incentives, etc. We don't know for sure, but what if things fall flat in July like they did in December... what will you do then?

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