Stephanie's Blog

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Move up Buyers, Move Out this Winter!

No, the tax credit is not just for first time buyers anymore! I still hear people asking about this tax credit and confused over who qualifies and who doesn't. Move up buyers purchasing a primary home can qualify too, up to $6500. The IRS site will explain in detail the qualification requirements for move up buyers.

For many who have taken their homes off the market for winter, I have to ask "WHY?" They are missing the opportunity offered by the government to create activity in the real estate market this winter- and it is working for those who are playing the game.

In Keene, NH we currently have 16 pending/contigency properties and 91 active listings. Our active listings have recently dropped slightly partially due to sellers removing their listings from the market for the winter. If I were trying to seller a home between the price range of $115K and $360K this year, I might reconsider this move and keep the home on the market followed by a reassessment of the price.

True it's a tough market for sellers right now, but if you're in this price range there is proof that activity levels are not dormant this winter. Best of luck!

Comment balloon 1 commentStephanie Jacques • December 28 2009 08:28PM

Comments

Amen!

Posted by BethAnn Long, Realtor, CRS, e-PRO, Spokane Wa Real Estate (RE/MAX Inland Empire) over 7 years ago

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