General, Market News

Will the April 30th expiration of the $8,000 homebuyer tax credit cause your property value to slump again?

Will the April 30th expiration of the $8,000 homebuyer tax credit cause your property value to slump again? Many of my buyers are scrambling to buy before the tax credit ends. Even my own brother is racing towards this goal.  So it is definitely spurring people to buy. To qualify, a buyer must be in escrow by April 30th. What will happen to your property value AFTER April 30th? Some say that the tax credit will be extended for a second time. Others say the economy has sufficiently recovered and it won’t. Even more say that the market will slump again after it is gone. Call Erik to chat about the timing of your sale, and the effects of the tax credit on your value.