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Last Week For Tax Credit: The Frantic Offers Are Flying, But What About A "Home"?

By
Real Estate Agent with Karen Parsons-Fiddler, Broker 949-510-2395 BRE# 01494165

I am exhausted, happy, busy, but exhausted. I and my team are making ourselves available to first time home buyers whenever possible. They are looking high and low for a home...not necessarily the "right" home, but any home that will accept their offer. That's no way to choose a home.

A home is a place where you can find peace and tranquility, where you can escape from the outside world and relax. A home is a place where you will feel unconditionally loved and welcomed. It might have a garden, or a balcony, or a loft. It might be made of brick or stucco or wood. It could be small or large...but what it's not is "something that will do." It is a feeling which a building or space compliments perfectly.

I'm sad when I see the disappointment of young buyers who are trying to find their home and they are outbid by cash investors. I almost wish that there would be a moratorium on investors until after the tax credit expires...but that's not the way life works....and perhaps I don't really mean it.

What I try to remind my buyers is that the tax credit is nice...but not the only, nor even the most important, aspect of buying a first time home. The most important thing is that it fits them....that it provides them the comfort, security and stability they desire. Find that....and the tax credit won't matter.

Comments(3)

Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

You're so right Karen . . . 8k is a small amount of money over the (nat'l average) 7-10 years you'll live in the house day after day.

Apr 28, 2010 02:35 PM
Lori Liveston
Virtual Homes, Real Estate - Waltham, MA

I have found that most of my buyers would love to get into something for the tax credit but it is not the deciding factor in their purchasing a home.  Hopefully that is consistent in other markets as well.  A "home" is a major investment and the tax credit should just be icing on the cake.  

Apr 28, 2010 02:38 PM
Kirsten Lindquist
Pacific Union International - Sonoma, CA
Realtor - Sonoma Wine Country

The tax credit is having a negligible effect in our market...where lots of properties are second homes.  I agree with you though that it would be great if first timers had a better shot at these homes.

Apr 28, 2010 04:04 PM