Realtor, the media and developers and almos everybody spend so much time talking about the $8000 Federal Tax Credit and the tremendous benefits it affords home buyers. And for good reason, the government is giving buyers a free $8000 tax credit to help them purchase a home. This $8000 can be used for anything the buyer chooses. It does not have to be used to purchase a home, but the buyer must purchase a home to qualify. All the mouth peices have have said very little about how the tax credit benefits home sellers, albeit indirectly. But it just stand to reason if home buyers are enticed to purchase they need homes to chose from, so sellers the buyers need you now.Example: Take a look at the Washington DC home sales statistics of units sold for the months leading up to the November 30th deadline.
* August Dollar down 16%, units up 20%
* September Dollar down 12%, units up 34%
* October Dollar down 16%, units up 40%
* November dollar down 7%, units up 98%
Washington DC Condo statistics for the same time period below.
* November units sold up 119%, to 299
* October units sold up 33%, to 243
* September units sold up 41%, to 274
* August units sold up 16%, to 296
Similar numbers are expected in the next couple of months leading up to the extension deadline April 30, 2010 for ratified contracts.
Now might just be the time to sell. If you've been sitting on the fence or if you were planning on waiting for the spring rush. Those buyers are out shopping today. The have a Free $8000 big one as an incentive to put your home under contract today and not in May or June. Remember these buyers have until July 1, 2010 to close the deal.
For month to month home sale statistic click here