Unlike this You-tube girl, "All I Want for Christmas" is not my two front teeth:
What I Do Want For Christmas is for every prospective seller/buyer
who wants Uncle Santa to gift them one of those fat
$6500 Move-Up Home Buyer Tax Credits
early in the New Year - to hurry and list their current home for sale -
preferably before Thanksgiving Day.
Waiting to list in January will make it harder to both
(1) close the sale of a current home
and
(2) ink a contract for a new home
by the April 30 purchase-contract deadline.
Those who hesitate (deferring maybe to holiday shopping?) risk not only having inadequate time to meet the details of the deadline.
They also risk being in the unenviable position of trying to entice a spring-time seller into taking an offer that's contingent on the sale of their current home.
Contingent offers are a tough sell generally, but they will be death to negotiating a favorable price on the new purchase.
Waiting to list in January will mean promotional activities for a current home will not get underway until the tax-credit time period is half over. Pricing will have to err on the low side to enable a quick sale.
Then a contingent offer for the new house may be the only way to get "in the door" before the deadline.
Congress gave this new tax credit a short window of opportunity (5 1/2 months). It's benefit will only accrue to the quick and the swift.
In fact, it may not be used by nearly the numbers of folks the government is estimating. Those who do act fast will be rewarded.
On Dancer, On Prancer, On Donner And Blitzen!
Don't be playing any reindeer games:
Remember: A $6500 tax credit is tax-free money. It's the same as an Oregon home buyer receiving a least $8550 in ordinary (taxable income) in the lowest possible home buyer income tax bracket.
It's equivalent of over $10,000 in ordinary income
for most move-up home buyers.
So take it from this Santa's helper:
List with your favorite ActiveRAIN broker right away....before the Congress that looks like Santa now, begins to look like
the (snarly) Grinch that stole your spring green.
************
Jim Hale
Principal Broker
Graduate, REALTOR Institute e-PRO
actionagents.net
1715 Linnea Avenue
Eugene, OR 97401-1962
Office: 541-484-0219
Direct: 541-543-9991
Fax: 541-485-8068
www.actionagents.net jim@actionagents.net
© 2009 All Rights Reserved
***********************
Jim Hale
Principal Broker / Owner
Graduate, REALTOR Institute e-PRO
2012 Member, Million Dollar Club of Lane County
2012 Member, Real Estate Brokers Million Dollar Club
actionagents.net
1715 Linnea Avenue
Eugene, OR 97401-1962
Office: 541-484-0219
Direct: 541-543-9991
Fax: 541-485-8068
Eugene Oregon Homes / Real Estate jim@actionagents.net
All statistical market data is based on information from the RMLS of Oregon for the dates indicated.
© 2012 All Rights Reserved / Licensed in the State of OREGON
