It was just announced this morning that the sale of existing homes jumped 10.2% last month. It is assumed that most of that had to do with the ending of the first time home buyer's tax credit. However, that credit was extended until next summer plus there was the addition of the tax credit for existing home owners.
I would suggest that if you are considering taking advantage of the tax credits that are available to not wait until the end for a couple of reasons. 1) The more people who wait, the higher demand for the houses toward the end thus providing less choice of homes and potential higher prices. 2) The more buyers in a particualar time frame, the harder it is for the houses to get closed on time because the lenders and others involved get back logged.
Just some thoughts for you to think about.
scott
Our view of Northwest Ohio homes and other real estate from a company that gives back to the communities of Defiance, Henry, Paulding, Williams, Fulton and Putnam counties.
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