Too Much of a Good Thing?
The extension and expansion of the Buyer's Tax Credit to cover up to 70% of all home buyers is great news for home owners, businesses, Americans and especially Realtors! But is it good news for home buyers?
The good news for home buyers is "free" money! Buyers have another opportunity to take advantage of up to $8,000 of a tax credit if in escrow by April 30, 2010 and the escrow closes by June 30, 2010. This is great news for many home buyers.
The bad news for home buyers is that this same incentive will cause a greater than ever competition for homes at the current low prices. There is going to be either less inventory or higher prices in the coming new year.
The smartest thing a buyer can do is to buy during the slower holiday season when the competition for homes has traditionally been the lowest. Problem is and what I have repeated continuously that "Buyers refuse to buy a home until it becomes a Seller's Market!"
Help you and your family as well as our country and the world by buying a home now!!!
Call or Write to find a home or for Tony to find you a Realtor in your community that is as dedicated to your success as he is!
Your Friend & Realtor,
Tony Lewis * RE/MAX of Valencia * www.TonyLewis.com * tonyglewis@yahoo.com * Cell 661-510-7975
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