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I am glad they missed First time home buyer Tax Credit....

By Ritu Desai 703-625-4949

Real Estate Agent with Samson Properties VA0225077251

December 18, 2010 01:34 AM

It seems like a long year house hunting for my buyers in the Loudoun County, Virginia area. After loosing to multiple offers (especially to the cash offers), missing out on the $8000 first time home buyer tax credit, frustrated they were so desperate at one point they were willing to place an offer on a home that was above their price range and thought they can pull it together. I insist on them not to rush and take an impulsive decision rather than sleep on their decision, speak to their lender again, reanalyze their budget and call me a da

y later. They decided not to submit an offer. Other time they wanted to submit an offer on fixture upper which will require them a take either 203K loan or dip into their savings.

Final my clients patience for house hunting paid off. We ratified on a perfect home without fighting over the multiple bids and got the price they will be more than comfortable paying mortgage and still have a life to live.

They did not regret missing out on the tax credit since the saving on this home will be more than it would have cost them to buy the home during the crazy tax credit period.

They won't ring the new year in the new home but they will have a lot to celebrate once they move into their new home in January.

I am so glad they missed out the tax credit......sure we feel like a winner!

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Dawn Crawley

Dawn Crawley Realty - Pinehurst, NC

Find Pinehurst Homes

Good for you for giving your clients the correct advise. And you're right, they probably saved more money waiting then buying in a hurry to get the tax credit.

Dec 18, 2010 01:36 AM

Harry F. D'Elia III

WEDO Real Estate and Beyond, LLC - Phoenix, AZ

Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

One must have patience in real estate and keep their eye on the prize. Great work

Dec 18, 2010 01:39 AM

Ritu Desai 703-625-4949

Samson Properties - Chantilly, VA

Northern Virginia,Washington DC & Maryland Realtor

@Thanks Dawn & Harry! I am just thrilled it all will work out for this lovely family.

Dec 18, 2010 02:44 AM

Robert Vegas Bob Swetz

Las Vegas, NV

Hello Ritu and it takes a some work to make things happen, and patience pays off in VB's book ... ;) wonderful story!

Vegas Bob

Dec 18, 2010 04:24 AM

Joan Cox

House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO

Denver Real Estate - Selling One Home at a Time

Ritu, funny how things work out for a reason --- there was a better home waiting in the wings for them. Good job!

Dec 19, 2010 02:56 AM

Patricia Kennedy

RLAH@properties - Washington, DC

Home in the Capital

Ritu, what a wonderful story! Sometimes it's best to miss out on an incentive that makes everyone want to buy! Good work.

Dec 19, 2010 01:24 PM

Tni LeBlanc, Realtor®, J.D.

Mint Properties, Lic. #01871795 - Santa Maria, CA

Tenacious Tni (805) 878-9879

I agree good for them. The tax credit created a frenzied environment. You gave them good advice.

Jan 02, 2011 07:54 AM

I am glad they missed First time home buyer Tax Credit....

Comments(7)

Ritu Desai 703-625-4949

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