Last week I wrote an article for Basking Ridge Patch about the expiration of the tax credit. I think we are all a little anxious about what might happen next. You can tell from my article that I am remain very optimistic, and this was supported on Sunday evening when the agent who hosted my open house at 50 Church Street in Liberty Corner called to tell me that there had been THIRTEEN intersted parties at the open house that afternoon. I honestly don't think that the market will come to a screeching halt becasuse the tax credit is over. There are many people who didn't let the tax credit drive their choice of home as well as people who just weren't ready yet.
I've been very busy myself keeping deals together (and I don't think half of them are with buyers or sellers who qualify for the credit). I have several listings in various stages of the transaction process and have been working through home sale contingency issues as well as inpsection issues. Last week I had two closings and I have another at the end of this week.
One thing I've noticed recently is that deals are taking longer to get to closing and many of them aren't getting there smoothly. While the process is the same for every deal, each one has it's unique issues: home sale contingencies, back-up offers, inspection issues, appraisal issues - I have encountered each of these at least once this year. While it seems like torture when you are going through it - try to remember, that usually these issues get resolved one way or another.
If you are ready to make a move, contact me so I can help. Not ready just yet, get started by viewing what's for sale in Basking Ridge.
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