Run Run Run!

By
Real Estate Agent with Coldwell Banker C&C Properties

Buyers Rush to Beat Tax Credit Deadline


Real estate professionals report that first-time home buyers are flooding the sale market, pressed to finalize a deal before the federal government's $8,000 tax credit offer expires on Nov. 30.

Because mortgage approvals, residential inspections, and other steps in the buying process typically take about two months, buyers hoping to take advantage of the incentive will need to have a contract by the end of September.

The new flurry of activity now as house-hunters try to meet the deadline is triggering bidding wars and energizing the property market, which historically is slow at the end of summer. As a result, more homes are getting their full asking price. 

Source: Chicago Tribune, Kathleen Lynn (08/14/09)

-Chris & Maria Jeantet

Posted by

Got real estate needs? We can help.

Click HERE to receive listings specific to what you're looking for.

For a home value request, click HERE

Chris and Maria Jeantet, "the real estate couple"

EMAIL TheJeantets@ccproperties.com

CALL Chris at (530) 510-0810 or Maria at (530)510-8880

Instagram

Redding CA SRES Agents Certified HAFA Specialist CDPE Redding CA USAA MOVERS ADVATAGE

 

 

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Location:
California Shasta County Redding
Groups:
California Realtors
Christianity and Real Estate
Coldwell Banker Group
Everything California
Real Estate en Español - La Lluvia
Tags:
tax credit
deadline
federal goverment
homes
buyers

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the car to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the lock to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Show All Comments
Ambassador
1,269,811
William Johnson
RE/MAX Associates - San Diego, CA
San Diego Real Estate Voice, GRI CRS e-Pro CDPE

Hi Chris and Maria, There was so much talk about them increasing the amount and making it for all Buyers and extending the time through the end of next year. All of a sudden it got very quiet and I haven't heard anything about this lately.

August 17, 2009 11:46 PM #1
Rainmaker
142,385
Cristal Drake
Prudential California Realty - Fullerton, CA
Realtor - Fullerton Real Estate

Not to mention the lack of inventory is making it so tough!

August 18, 2009 10:21 PM #2
Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the car to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Show All Comments
Rainmaker
202,047

Chris and Maria Jeantet

Redding CA Real Estate Couple
Ask me a question
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the key to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Additional Information