The homebuyer tax credit initiative has prompted hundreds of thousands of first-time buyers to seek out their "perfect starter home" over the past year--knowing that they will be eligible for up to $8000 in tax credit money that is a gift, not a loan. Although the deadline for this plan is rapidly approaching on November 30th, consumers and Realtors alike are eagerly waiting for the government's decision on whether the program will be extended into 2010 and on what terms.
Many towns in the greater Boston and Franklin area are experiencing a very limited inventory of "first-time buyer" homes due to a combination of fewer new listings coming on the market and existing homes which are under contract or sold after being scooped up by frenzied buyers aiming to meet the November 30th closing deadline. If the tax credit deadline gets extended, we believe that many more sellers will put their homes on the market--knowing that there is potentially an eager buyer waiting to purchase that home.
I thought it may be helpful to examine exactly what type of homes might a buyer expect to find in a given town for $350,000 or under. Franklin, Massachusetts offers some of the following great buys:
ROYAL BARRY WILLS Cape,
--OR--
A 3 bedroom, 1 bath Cape within walking distance to Kennedy Elementary school for $319,900
If you need help in finding your first home or are thinking of selling your home, give me a call and I'd be happy to help. Let me put my "Years of Experience and Years of Results" to work for you! You can reach me by email at franklinmahomes@comcast.net or by phone at 508-369-5131.
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