I just opened this page to write this post when one of my team called me to see if there was anything that could be done to help in a specific situation. Her phone was not working correctly last night and she has apparently missed out on a potential sale. She was of course upset, but this is the way the real estate business works. When you can’t or don’t answer your phone it is likely that a prospect moves on.
My post today is about other opportunities in real estate which may require action to make the most of them, specifically, the tax credit. I know what you are thinking, I’m a real estate agent and of course I’m going to say you need to rush, and there may be some truth to that.
However, as a real estate agent, I also know what just happened in October, when people who had put off the decision to buy their first home, were writing competing offers, and sellers were holding fast to their price even when there were no other offers. Right now, we are in a buyers market in our area at all price ranges. The advantage a buyer has over a seller is small at the lowest price ranges, but still a buyer’s advantage.
In the month of October I believe we were, and again will be in March and April, in a seller’s market. There will be competing offers and sellers holding fast to prices, knowing the tax credit will be lost if you turn them down.
It’s your decision, but isn’t it worth $6,500 to $8,000 to do a little planning or will you miss out when opportunity calls?
John, this article is very true and humbling on many different fronts. I always trust your thoughts & judgment in real estate!
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