Did the end of the $8,000 mean the end of the world if you are selling your home?

By
Real Estate Broker/Owner with Respect Realty LLC 200311024
 

If think the answer is “yes” or your agent told you that it is going to be harder now that the $8,000 tax credit is gone, then you need to think again. It is business as usual if you have a home that is show ready and priced right.

SOLD!

I can tell you that there are just as many buyers out there today as there were last month all looking for homes. They didn’t stop looking because the $8,000 tax credit was over. The fact is many buyers didn’t even start looking until the tax credit was already over.

There will always be buyers and there will always be sellers. So if you are a seller, don’t worry about the tax credit being over. Give your home curb appeal, price it right and in no time at all, you will be moving to your new home yourself.

If you are in the market to sell your home, contact me today and I can give you a free market analysis of what your home is worth. Click here for a free CMA on your home.

 

Todd Clark - Broker / Sales Coach
All Brokers Real Estate
Phone: (503)524-9494
Fax: (503)622-8739

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©2010 Todd Clark - Did the end of the $8,000 mean the end of the world if you are selling your home?

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Rainmaker
334,581
Lori Churchill Cofer
Beasley Realty - Pullman, WA
Realtor - 509-330-0086 - Pullman, WA

Todd,

So very true!  The first week after the tax credit went away was kind of quiet here in Pullman for me.  And a chance to recoperate after the last minute flurry.  But I have more buyers and they are serious ones....I have a couple second showings in the next few days!  :)

May 21, 2010 03:05 AM #1
Ambassador
1,228,265
Melissa Zavala
Broadpoint Properties - Escondido, CA
Broker, Escondido Real Estate, San Diego County

There are tons of buyers here in Southern California as well. There are so many buyers that it is tough to find homes for 'em.

May 21, 2010 03:06 AM #2
Rainer
70,851
Andres Munar
Keystone Alliance Mortgage - State College, PA
Experience The Difference

We had a rush right before the credit ended, but you are right- its still business as usual in my area.

May 21, 2010 03:11 AM #3
Rainmaker
74,047
Maria Mastrolonardo
RE/MAX of Naperville - Naperville, IL
Realtor, Naperville, IL Real Estate

Todd,

I couldn't agree more. Here in Naperville, I still have a lot of activity on my listings, still getting buyer calls.

May 21, 2010 03:13 AM #4
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1,691,338
Tammie White, Broker
Franklin Homes Realty LLC - Franklin, TN
Franklin TN Homes for Sale

This is absolutely true in Franklin TN.  We've seen increased activity for the last few months.  Buyers and sellers are jumping into the market everyday.

May 21, 2010 04:47 AM #5
Rainmaker
1,330,884
Michelle Gibson
Hansen Real Estate Group Inc. - Wellington, FL
REALTOR

Todd - You are absolutely right, homes priced right and show great are still selling right away.

May 21, 2010 07:47 AM #6
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874,899
Connie Harvey
Pilkerton Realtors - Brentwood, TN
Realtor - Nashville TN Real Estate

Todd, I kind of thought that it would slow down after the credit expired but that really wasn't the case. I'm very thankful for that!

May 21, 2010 08:01 AM #7
Rainer
30,706
Art Marine
Mortgage Solutions Financial - Lake Oswego, OR
Loans that Fit your Life

It has been the strangest thing.  Our activity level picked up almost imediately when the tax credit expired.  I have noticed more activity in higher end properties.  Almost like the people that didn't qualify for the tax credit now had permission to buy.

May 21, 2010 10:17 AM #8
Rainmaker
506,101
Cal Yoder
Keller Williams Elite - Lititz, PA
Homes For Sale in Lancaster PA - 717.413.0744

Things have been quieter in our area. It will come, but I think it pushed through a few more buyers. However, I still have buyers and I agree, properties priced correctly sell.

Cal

May 21, 2010 12:12 PM #9
Rainmaker
4,146,526
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Todd, very true, it certainly seems that the end of the tax credit didn't significantly affect the market yet.

May 22, 2010 12:42 AM #10
Rainmaker
609,846
Holly Weatherwax
Associate Broker, Momentum Realty - Reston, VA
A Great Real Estate Experience

Good advice...in fact, May seems to not have slowed at all!

May 22, 2010 05:59 AM #11
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1,958,171
Wanda Kubat-Nerdin - Wanda Can!
PK Real Estate Utah South - St. George, UT
So Utah Residential, Referral & Relocation REALTOR

People are still looking to buy here...of course the $8000 tax credit was a nice incentive while it lasted. I like the curb appeal of that home in the photo Todd!

May 22, 2010 09:50 AM #12
Rainmaker
350,394
Jill Watts
Realty Pro, Inc. - Vancouver, WA
Multi Million Dollar Seller in Clark County WA

todd...like your new button links.   see you soon i hope.

 

happy baaseball with your kids

May 22, 2010 12:29 PM #13
Rainer
232,295
Sara Woolford & Steve Golson, ALHS
iTexas Realty Co. - San Antonio, TX

Hi Todd-

There are always buyers and Sellers as well as those who never knew about the tax credit, were not eligible for the tax credit, or were not relocating in time for the tax credit!  Those people may still be purchasing.

Sara

May 22, 2010 04:37 PM #14
Rainmaker
388,363
John Walters
Frank Rubi Real Estate - Slidell, LA
Licensed in Louisiana

I have to agree, the tax credit also didn't fix the problem, time will.  May have also kept prices inflated a little more than they should have been.

May 22, 2010 04:55 PM #15
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