The fact that you’re reading this means you are on our web site, and that suggests that you are considering either buying or selling a home. You are precisely the ones for whom spring has sprung! The spring real estate market, that is.
Traditionally the market is hottest from spring through early summer, but it’s coming early this year. RIGHT NOW is the time to take the plunge if you intend to buy or sell any time this year, primarily because of the tax credit incentives that will disappear after April 30th. From $6,500 to $8,000 of real money is available not only to first-time buyers, but also to current homeowners who have owned their home for 5 consecutive of the last 8 years. But this rare “bonus” that Uncle Sam is offering disappears on May 1st.
So, Mr. Seller, it’s time to get serious about selling your home in the next couple months. That usually means pricing it to the market rather than the price you hope to get. This is often a bitter pill for sellers to swallow, but it shouldn’t be if you then become a buyer and take advantage of the same discounted pricing on your next home. For those “moving up”, you can actually save more on your next home than you will “lose” on the current one. A rising tide lifts all boats, so if you wait for the value of your home to rise, remember that all others will have risen as well.
And you, Mr. Buyer, what are you waiting for? If you are buying a home over $800,000 or if your income is beyond the upper limits of the credit you may not qualify, but many buyers can grab the tax credit if they act soon, and while interest rates are at historically low levels.
If you need information about the tax credits, that’s what we’re here for! Call or email one of Danberry’s Real Estate professionals soon. If you are unsure of your mortgage qualifications, just click on the “Financing” button above to contact one of our Home Loan Consultants. Enjoy the spring air!
