June Stats Released: Sales strong, inventory incredible
I expect to see lagging home sale stats for the next month or two, mainly due to the expiration of the tax credit and lack of consumer confidence. Moving forward, I would expect a slow and steady recovery.
Read more from this Article »How do you know a good deal when you see it?
I have a buyer making an offer on a home listed at $650,000 in Blacklick Ohio. It was built 10 years ago for $687,000. The listing agent hints from the beginning that we could probably negotiate a quick deal at $600,000. Looking at comps and homes for sale the home is a good deal under [...]
Read more from this Article »Why you should have your own buyers agent
There are different ways home buyers approach home buying.Â
Group #1. This group knows it all, they don’t trust agents and want to basically be left on their own.
Group #2. They start shopping around on line, go an open house or two and basically ends up with an agent by stumbling upon someone.
Group #3. The last group takes control of the [...]
Congress Passes Tax Credit Closing Date
The Senate approaved the Homebuyer Assistance and Improvement Act (H.R. 5623) giving home buyers who were under contract on a home purchased by April 30th until September 30th to close and claim the tax credit. Without this extension approximately 180,000 homebuyers who had signed purchase agreements would have missed the deadline.
Read more from this Article »Patience is a Virtue
For those who wanted to take advantage of the tax credit but missed the opportunity, it may have paid to wait. Reports have shown that with fewer buyers since the expiration, sellers have had to lower their prices to entice them. Although it depends on your price point, some of the decreases in the sales [...]
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Congress Passes Tax Credit Closing Date
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