You may not think the Obama tax credit will help you directly, however the end of the tax credit will likely see a slowdown in the market. Meaning you will not sell as quickly and the market may even slump again.
It may not be immediately apparent, but the tax credit is benefiting sellers.
I speak for my own market, Madison Wisconsin, that the $8,000 tax credit, (virtually a gift for buying a first home) has bought buyers out in their droves. It has even caused some local hot spots in the market.
Sellers of these homes are moving up to higher priced homes and the whole market is freeing up.
However once the credit ends, not only will the first time buyers who would have bought, but the first time buyers who we "borrowed" from next year who bought this year will dry up. The market would shut down and selling will be much more difficult.
So if yo are a potential seller you need to decide, do i need to sell or can i wait for a couple or more years.
If you need to sell, you have a very small window to help you get the best price. That means acting NOW.
We can put your home under contract in 30 days. (End of Sept), leaving 2 months to close before the Dec 1 deadline.
Real Estate Guy team has been very successful in getting their listed homes sold. Let us help you. Don't rely on a part time agent, or one with out the internet exposure, or the team or the bulldog tenacity and tough negotiating. Call us now 608 * 515* 1123.
RealEstateGuy in Madison Wisconsin specializes in getting homes sold, short sales, foreclosures.
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