So I get this email with this nice looking flyer from my company that talks about the recently expanded/extended housing tax credit. They want me to pass it on, well here it is digitally.
The headline, “now is the perfect time to sell”, lets throw a maybe or no after that. Unless you have a home to sell under $200k I would say put it on. It is actually very competitive in that price point unlike the upper bracket market where homes over $1 million = close to a 4o month supply. If your going to be competitive in that range, I say good luck if you do list!
Why flood the market with inventory if nobody really needs to? Especially if motivation is low and you need to compete against all the short sales and foreclosures.
When is it not a perfect time to buy or sell in the eyes of a real estate company?
My favorite part:
It has been said that this will be the last credit that the government will offer and buyers know they must act soon.
How do we know this will be the last credit? Remember, first there was the $7,500 tax credit that had to be repaid over X amount of years. Then there was the $8,000 credit that didn’t have to be repayable. Now it has been extended one more time to include move-up buyers. This little game could go on for years, but for the sake of hedging the future let’s hope not.
