Good Afternoon Everyone,
So what could I possibly be talking about when I say April 1st is the beginning of the end? The Home Buyer Tax Credits of course.
You only have 30 days left to locate your new home and get it in escrow. Once it's over, it's over. At least that is what is being said right now. They extended the credits once but will they do it again? Probably not. The extension did not bring the flurry of activity that the Feds expected so it will probably go away.
Something else to keep in mind right now. The Fed also stopped buying down interest rates to major banks yesterday. So far it hasn't caused a major spike in interest rates but will it? Who knows for sure but my opinion is that they are going to go up at least a little bit.
What does that mean to you? Less buying power. If you want to buy a home before interest rates spike and put you in a position where you can't really afford what you want, the time to move is now.
Prices are great and sellers are motivated. Get out your check book and get looking. It's a great time to buy and no one wants to see you miss out on some great deals.
Call me today and Let's get Started!
Sandra Paulow, Associate Broker, GRI, SFR
Your High Country Connection for Real Estate!
(928) 242-0300 or send me an email at:
spaulow.realestate@gmail.com
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