The tax credits have excited many "would be" buyers into the market earlier than normal. February activity was up over our typical market in West Michigan.  Now that we are moving into mid March we beginning to combine the tax credit interested parties with the typical Spring market and its resulting in more showings than we've seen in several years.

 

What does this mean?  This means now is the time for your friends and family to ACT.  The tax incentive deadline is April 30th, you must have an accepted purchase agreement on your new home by April 30th and it must close by June 30. April 30th seem like a long ways off? It's only 9 weeks away.  With more buyers looking the market may also experience a short term hardening of the market due to greater demand which could translate to those who act sooner may get a better deal while the market is soft. 

 

Remember, the new tax incentive is for both those who have not owned a home for at least 3 years (first time home buyers fit into this category) and also for current home owners who have owned their home for more than 5 years.) The First Time home buyer category receives upto $8,000 in incentives and the existing home owners who qualify will receive upto a $6500, but they too need to have their purchase agreement on their new home by April 30th.

 

It all adds up to the time to act is now.  Ashley and I are here to help your friends and family and finding someone a home or assisting market your current home is our top priority. Simply forward this email and share some of this information with somone you know.