Gainesville, Virginia are home owners may have the best opportunity they have had in years to sell their existing residence and move up to a larger home, or down-size to a smaller home. Up and down the Linton Hall corridor, there are home buyers looking for sales that can meet the April 30th tax credit deadline. (Home buyers must be under contract before April 30th and settle before June 30th.)
In Bristow, Gainesville and Haymarket, buyers are ready to purchase and running into multiple offers situations. Just this Tuesday, I listed a Bank of America short sale for under $250,000 and had five offers in forty-eight hours. (Bank of America short sales can take a minimum of four months to be approved.) Can you imagine how many offers I would have had if it had been a sale that didn't require bank approval and was guaranteed to close before the tax credit expired?
If you would like to move up or downsize, and are not upside down on your mortgage, now is the time to hire a Realtor® and sell your home. Market forces are at work, with buyers competing with each other over the limited available inventory. You'll have no problems getting your home sold.
And if you are able to, you can then turn around and take advantage of teh $6,500 move up buyer tax credit that expires on April 30th.
Why wait for market appreciation, if you can sell now? The house you want next will never be less expensive than it is today. And the interest rates are still low. Waiting for market appreciation on your current home could cost you as much as you end up saving.
Consult an area expert today. There are Gainesville, Bristow and Haymarket buyers just waiting to pounce on your home!