I work and talk to a lot of Buyers and here are some common “mistakes” to avoid. 

- Think about “resale” before you buy a home.  On average, people tend to move every 3-5 years. 

- When you find the “right home”, act quickly.  It doesn’t matter if it’s the first or 50th home, you will know if it’s the perfect one.  When you find it, put your offer to paper QUICKLY so you don’t miss out.

- Ask questions.  Don’t be afraid to ask your lender about alternative financing, grants, etc.  Ask your Realtor to pull comps before making an offer.  Ask your home inspector about preventive maintenance. 

- Get your own representation!  Too many Buyers just call the agent who’s name is on the “for sale” sign.  Keep in mind, that agent is loyal to and works for the Seller not the Buyer! 

Food for thought during your home search…happy house hunting!

According to the National Association of Realtors (NAR), existing home sales increased for the third consecutive month in all major regions of the country.  Why?  It’s a combination of the following…historically low interest rates, first time buyer tax credit, high levels of inventory and motivated sellers!  Let’s keep the momentum rolling!

To stimulate the US housing market, Congress passed legislation that grants a tax credit up to $8,000 to first time buyers.  The definition of a “first time buyer” is the purchaser (or spouse) may not have owned a residence during the three years prior to the purchase.

However, time is running out…first time buyers must purchase their home prior to December 1, 2009.  To clarify, you must have closed (or settled) on your home prior to December 1. 

Take advantage of this tremendous opportunity while it’s available.  We are all hoping that the tax credit is extended however there are no guarantees. 

Give me a call (623-8508) for more information or to get started on looking for your new home.  

I had the opportunity to list a property that was previously listed by two other Realtors for eight months.  As you can imagine, by the time the seller contracted with me they were frustrated and lost hope that their home was going to sell “in this market”.  I am happy to report that we received a full price offer within 16 days of listing their home.

How did we do it?  Most importantly, we priced the home to sell.  Based on the current inventory available of similar homes and recent sales (within the last 6 months), we found the “sweet spot”.  Determining the list price of your home is the most crucial decision that you’re going to make.  We had more showings in the 16 days it was listed with me than they did during the entire 8 months it was listed previously. 

If you are considering selling your home, please contact me for a market analysis so we can determine together the “sweet spot” for your home.  My contact number is 717-623-8508.