Tuesday, January 5, 2010

2010- The Year to Buy and Sell in North Shore

The beginning of a New Year is an exciting time with endless possibilities for the year to come! We’ve recently welcomed in 2010 and it seems that this year has much to offer. If you are looking to buy the home you’ve always wanted or to sell your current home- NOW is the ideal time!

You may be leery of jumping into the market at this point, but let’s take a look at why this is the perfect time to do so.

Currently, mortgage rates are at an all time low. Since the market has been slower due to the economic state, banks are willing to offer these amazing rates to keep the housing market on the move. This helps both buyers and sellers in the following ways.

North Shore Buyers

The recent tax credit extension and expansion has allowed more people to cash in on this great offer. Not only are first time home buyers offered up to $8,000 towards the purchase of their home, but current home owners now have incentive to buy. Those whom have owned their current residence for at least five years are eligible for up to $6,500 in tax credit towards a new home. Buyers in either group have until April 30, 2010 to sign a purchase agreement and must close by June 30, 2010.

North Shore Sellers

The real estate market will continue to swell with those who want to take advantage of the low mortgage rates and tax credit. With this surge of motivated buyers who want to make the tax credit deadline, the demand for homes will increase as well. These factors, and the talk of the government not offering another tax credit makes this year an opportune time to sell your home.

If you’re interested in learning more about the tax credit or have questions concerning buying or selling your home- please contact me! I’d enjoy the opportunity to help you with your home search or sale and help make 2010 a great year!

Janie Bress
Your North Shore Real Estate Expert

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