Wow, it's tax time again. Hopefully a lot of people will get off the fence and close before they file their taxes. However, amending is still possible. But since I also do taxes, I'm hoping for an increase in both areas.
The problem is that homebuyers can't efile if they want the $8,000 tax credit, but they can mail it in and wait the 6-8 weeks it may take to get them back, I'm sure it will be worth the wait. Who can't use $8,000 in March or April, even June if it takes a little longer as some are fearing it will.
Not much is being said about the second time home buyer credit who gets $6,500. Hey, who's been marketing to this group?; or is it just too much to understand or not worth it since it expires soon. I really think this should be a permanent thing anyway.
We are still going thru an adjustment with fannie and freddie, raising requirements. Bumps and bruises is more like it, but as soon as we accept that this is how it is going to be, the better.
We were like addicts, caught up in easy financing and the market changed. And like an addict going thru a 12-step program, we had to mentally go thru every step. First step; denial, then anger, depression, compromise, negotiate, and then finally acceptance.
I know that's only 6, but I'm not a real addict....lol.
I can tell you, the market is picking up, even if it's a market of short sales and foreclosures when listing for sellers and negotiating for buyers. I am armed and ready and looking forward to 2010 in real estate. We've had just a few warm days, some cold days, but winter is far from over. Now is the time to market and as soon as the ice and snow melts we should have some easy sailing or should I say selling...lol. Later.
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