What will happen to you when the tax credit ends?

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Real Estate Agent with Home Real Estate

Realtors,

It has been a very long time since I last posted, mostly because I have been very busy last year. I had close to 25 transactions last year, many of which were motivated buyers trying to capitalize on the 8,000 dollar government tax credit. I have to say that I think it was a wise move on the governments part and I think it was great for the real estate industry and related industries in general.

Here is the question I have for everyone. Has the tax credit made us lazy and has it cramped our style? Before the tax credit I had to work a bit harder to keep buyers motivated, with the tax credit in play I really don't have to work as hard. Is this the same experience with you and other brokers that you know? Do you think that our business will decline significantly when the credit goes away? Do you have a marketing plan in place to keep you in the game when buyers have less incentive to purchase a home?

These are uncertain times and even with business picking up for me, I just hope I keep it together and spur on new business. I have a consistent marketing campaign and I have good relationships with past clients, but will it be enough?

I am mostly a positive person in general, but I thought I would throw this out there for my fellow Active Rainer's. Are you ready for potentially leaner days? What is your plan to be successful in your market?

I wish great success for those who want it for themselves.

 

Steven Wright

Denver Colorado Realtor

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Rainmaker
1,402,753
Vickie Nagy
Coldwell Banker Residential Real Estate - Palm Springs, CA
Vickie Jean the Palm Springs Condo Queen

Wow, Steven, you 'had to close 25 transactions'. That's a great year in most markets. Congratulations on your success.

Feb 26, 2010 08:39 AM #1
Ambassador
878,330
Connie Harvey
Pilkerton Realtors - Brentwood, TN
Realtor - Nashville TN Real Estate

Steven, I'll be honest with you. I think the market will come to a screeching halt when it expires. Those of us with a plan will continue to sell, but it will be more difficult.

Feb 26, 2010 08:56 AM #2
Rainmaker
564,909
Steve, Joel & Steve A. Chain
Chain Real Estate Investments & Mortgage, Steve & Joel Chain - Cottonwood, CA

Steven,

The demand for housing is there. In fact the slowing market just created a pent up demand yet to be satisfied.

The Tax Credit didn't create demand it was only a power tool to assist buyers that were near ready to buy anyway.

If the economic recovery continues jobs and consumer confidence could well replace the value of the Tax Credit.

JMHO,

Steve

Feb 26, 2010 03:02 PM #3
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Steven Wright

CRS - Home Real Estate - 720-989-5283
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