With the home buyer tax credit expiring in April, there are a lot of buyers out looking earlier than usual. If you are unfamiliar with the Tax Credit it provides first time home buyers with an $8,000 credit when they purchase a home and repeat buyers can get $6,500 if they qualify. So there are more buyers than ever out looking to take advantage of the tax credit.
This tax credit expires on April 30th. A buyer must have an accepted contract a home by April 30th and close the loan by June 30th. So rather than waiting until March or April as buyers typically do, those buyers who are planning on purchasing a home this year are getting into the market place early so they can find a home and take advantage of the tax credit.
Already this year I've got an accepted contract on a home that I listed for sale on 1/16/2010. The contract was signed and finalized on 1/26/2010. This time frame isn't rare for me, but with it happening in January, I'm quite surprised. Typically listing homes between December & February is a scary proposition. The buyer pool is small, but the buyers who are out there are very serious. Typically driven by necessities like relocation, expiring leases, or other circumstances that don't give them an opportunity to choose the time of year to move.
The home that I mentioned above isn't closing until April 1st, but the buyers were out to take advantage of the tax credit and found the perfect home. Since this experience and after speaking to some other agents who have had similar happenings, I'm recommending that those of you who are planning to sell this spring list your home sooner rather than later.
If you have any questions or would like more information on ways to ensure your home is ready to be sold visit my website www.TobiasonRealty.com where I have free reports and many tips and ideas to get your home sold quickly!
Integrity Driving Results
Realty Executives of Kansas City