The current real estate market in West Cobb County is beginning to see some improvements as it relates to the amount of foreclosure inventory being flushed out. Resales are beginning to see some movement. Though this seems to demonstrate the beginning of a potential recovery sometime in the relatively near future; it is fair to say the recovery will be a long one. Sellers have begun to price homes correctly at the initial point of listing which will result in resale inventory starting to see some movement.
The first time homebuyer and existing homeowner tax credit deadlines are approaching. First time home buyers are eligible for an $8,000 tax credit and existing home owners are eligible for a $6,500 tax credit. There are guidelines to qualify but they are fairly liberal. There are 2 deadlines to keep in mind as it relates to the two tax credit incentives. You must be under contract by April 30th, 2010 and you must close by June 30, 2010. No exceptions.
I hope you find this information helpful! Have a great day! It's Team Towler Time!!
Mary Towler - Real Estate Consultant
Keller Williams Realty Signature Partners
Cell - 678-520-0414