That beautiful snow here in the Dallas area is gone and springtime is around the corner. For many this is the time they get their house ready to sell. So why should 2010 be any different? For starters, those two tax credits ($8000 for new buyers and $6500 for existing) are going to expire in April. Then we have the low interest rates which many are speculating will begin to rise when the government stops purchasing the Freddie Mac and Fannie May loans at the end of March.
It seems the perfect storm is a lot closer than on the horizon. Home buyers wanting to take advantage of the credit and rates are frustrated as there are few homes for sale. Whether looking for dallas homes, plano homes or, there aren't very many to choose from in the more popular price ranges and locations. What this means for prospective sellers is - GET LISTED!! When there are more buyers than sellers this puts the seller in a better position.
Think of it this way, the height of the real estate market is typically summer as families scramble to find the new home, sell the old home, get through the closings and move... all before school starts. They have a deadline. Now the government has given us a new deadline and it seems that the sellers out there aren't listening. If you are worried about what the right price is to actually sell your house, this is the best time for you. Get a realistic estimate from your realtor and get it on the market in time for those buyers to meet the tax credit deadline.
Do not sit on the fence this year. Regardless if you are downsizing, rightsizing or moving across county, this is going to be a year when winter is the new spring. There are artificial forces at work providing incentives for the buyers. This is not going to be your typical real estate season.
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