With the recent extension to the homebuyer credits expanding to move-up buyers, we are seeing more of these savy buyers entering into the housing market in recent months. We have the "perfect storm" of ideal circumstances for the move-up buyers - especially those with homes that are marketable to first time home buyers! Interest rates are still at historic lows, and when coupled with the increased inventory of homes on the market and the tax credits, our move-up buyers have been scoring some great deals on their move-up homes!
The most recent 3 of our move up buyers received offers on their existing homes within 10 days of listing with us, which enabled them to make some very competitive offers on their new homes! We anticipate we will see more people taking advantage of the current market, low interest rates, and tax credits to get into the home of their dreams!
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