Two years ago, I was looking at foreclosures. There were several bad headlines, and I took a moment to look a little deeper.
Two years ago, I was looking at foreclosures. There were several bad headlines, and I took a moment to look a little deeper.
There are a lot of questions that revolve around property valuation. Sellers want to know how much their homes are worth and Buyers want to know the ‘right’ price to pay. Specifically, Sellers don’t want to leave money on the table, and buyers don’t want to put too much money on the table for the Sellers to take.
There are a lot of ways to try to figure out what a house is worth, and a lot of people that can provide opinions about that… And they are just that, opinions.
Except for one… There is one indisputable market valuation metric.
The First Time Home Buyer & Move-Up Buyer Tax Credits are slated to end unless a property is under contract two weeks from tomorrow. I don’t see another extension this time. Even the NAR isn’t pushing for it this time. (Active Military have an extra year to get the credit…)
Last year I wrote about a few of the programs that were available at the time. They are still available… although the $8,000 First Time Home Buyer Tax Credit is set to end in just a couple of weeks. The one that has happened since then is the $6,500 Move-Up Buyers…
I wrote a cheeky post a couple of years ago… it still gets a lot of attention from Google.