The home buyer tax credit expires on April 30th. Ironically, it could be a better time to buy after the deadline. We expect demand for homes priced $250,000 and under to drop after April 30th. And some sellers may become particularly motivated, as their window of opportunity for taking advantage of the credit comes and goes.
We've seen a huge number of people rushing to take advantage of the credit. That's why one of our buying clients has decided to begin his home search in earnest on May 1st. He won't be able to claim the credit, but there's a good chance he will be able to find the right home at a better price.
Have a good day,
Dan Miller, Keller Williams Realty and www.DaneCountyMarket.com
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