
Many sellers are hesitant to list their homes at this time. There is never a better time to sell than now - with the $6,500 "move up buyer" credit, there are plenty of buyers out there wanting to take advantage of this opportunity by upsizing. As long as they have owned their present home for five years or more, they are eligible for it and with the portability, they can take their exemption with them.
First time home buyers still have the $8,500 tax credit which was extended to April, 2010.
We have advised our buyers, if possible, to buy before December 31st, so they can take the exemption for this year; otherwise, they have to wait to the following year if they purchase after 12/31.
We also are starting to have the snowbirds looking; we are busier than every with buyers.
The key is to price your home keeping in mind the current market values; not 2005 market values. Of course if you purchased in or around 2005, you may want to wait. However, if you bought prior to that, you most likely will stil be making a profit and if you are looking to upsize, what better time than now to buy?
Call your realtor today for a Comparative Market Analysis.
We will always keep you posted. Have a great day and enjoy!