It is time for real estate "after Christmas" sales! Whether you are a buyer or a seller this may be the perfect time for an "after Christmas sale". Prices are good and interest rates are great so what is holding you back?Uncertainty in the value of real estate? I don't think so, at least not in eastern North Carolina. Our homes are still a great value! Job market uncertainty? Maybe, a lot of people have lost their jobs in the last year. Uncertainty in their abilities? Maybe, but I think that goes back more to the job market.
The main thing, I think, is just nervousness about our economy as a whole. What we need is for people to take a risk and buy those homes. Everyone knows that nothing moves the economy along like the sales of real estate and the building and sales of new homes. So if you want to do your part to spur the economy take advantage of the "after Christmas" sales and buy a new home! Don't forget about the tax incentives you may be eligible for on the purchase of your new home.
We listed a home here in Wilson, NC on 11/24/09 and it went under contract on 12/10/09! It is scheduled to close on 1/8/2010. That is unusual for the market today. But it does show that homes will sell when you have a motivated seller and a motivated buyer.
I hope you all had a Merry Christmas! Now go out and find an "after Christmas" sale and let's get the economy rolling again!
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