As we all have heard the first time home-buyer credit is going to be kaput soon. (No the rumors of it being extended again have no validity, sadly. The Nation Association of Realtors has told us this is all but out of the question). So what does this mean for you?
Buyers - NOW IS THE TIME TO GET OUT THERE! With just 8 short days left to write a contract, there is still time to find your perfect house and qualify for the credit. Contracts must be written by the end of the month, and we will need to close by the end of June. Check out bkeith.reeceandnichols.com to search for a great home! Think about it, 8,000 is equal to a years payments in many cases. With current rates and programs, it doesn't take much more than a job, a smaller down payment than you might expect (3.5% in some cases), and the will to own instead of rent. Think about it.....
Sellers - Don't worry! If your home hasn't sold yet, this isn't the end of the world. There is still a lot of activity which I believe will occur in the coming days. Additionally, the pace of the market is picking up, and Kansas City is no where near the bottom. Many are afraid the market is going to drop off after the credit expires, I believe this is hogwash! There are too many people out there who are looking for homes, and too much publicity about the advantages to home ownership.
As always feel free to email me with any questions or comments about your Real Estate needs.
Stay Classey Kansas City.....
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