Is it the $8,000 Federal Tax Credit?
The market is showing signs of life in a niche market THE ENGLISH TEAM covers. HOMES PRICED UNDER $250,000 GETTING LOTS OF ACTIVITY IN EMORY CDC NEIGHBORHOODS. Showings, offers and contracts have really picked up in the last 30 days. There is still excess inventory but it appears buyers have once again started to think about purchasing a home. First time home buyers have a lot of incentive to buy a home before December 1, 2009 as an $8,000 federal tax credit and a $1,800 State of Georgia tax credit may apply for these buyers.
ENGLISH TEAM TRACKS SHOWINGS OF LISTINGS
The English team utilizes a state of the art system for tracking showings by real estate agents and getting immediate feedback from buyer prospects as they tour ENGLISH TEAM LISTINGS. We also track the number of times our listings are viewed or browsed on the Internet. Activity is way up in the past 30 days. Let's hope this activity continues in to August as there is a lot of inventory on the market that needs to be moved!
ACTIVITY IS PRICE SENSITIVE
The English Team is not experiencing the same level of activity for our listings in the $250,000 to $500,000 price range. Market activity for this price range is on the upswing but the level of market activity is no where near the level we are experiencing for the Homes priced under $250,000.
HOMES PRICED OVER $500,000 are not getting much of a kick out of this activity either,
ENGLISH TEAM BUYERS MAKING THEIR MOVE
The English Team represented three buyers who put houses under contract this week. We had coached these buyers and prepared strategies for locking in excellent values in a home purchase. We are very excited for these families as they have taken advantage of the true bargains that are available to savvy buyers.
FIRST TIME HOME BUYERS NEED TO MAKE THEIR MOVE NOW
HOMES PRICED UNDER $250,000 GETTING LOTS OF ACTIVITY IN EMORY CDC NEIGHBORHOODS. First time homebuyers need to take steps now to purchase a home BEFORE ALL THE GOOD DEALS are taken.
1. Get a copy of your credit report. Look for any errors.
2. Contact a mortgage lender and get pre-qualified for a loan. http://www.fairfieldmortgage.com/about_james.asp
3. Take a look at what is available on the market in your desired neighborhoods and price range http://sallyenglish.listingware.com/search/searchchoices.cfm
4. Contact Sally English and THE ENGLISH TEAM http://www.englishteam.com/default.htm to put together a strategy and plan that will put you in a home before DECEMBER1, 2009 when Tax Credits expire.
Looking forward to hearing from you soon!
Sally English and The English Team. Atlanta real estate agents.
Realty Associates of Atlanta LLC; 3350 Northlake Parkway Atlanta, Georgia 30345 |770-939-3174
View more of SALLY'S BLOG: Sallys Atlanta Real Estate Updates
Visit our WEBSITE: http://englishteam.com/ | http://sallyenglishblog.com/
All content copyright © 2009-2012 by Sarah Bryant English DBA Sally English and The English Team, Atlanta Georgia. This sale offering is made subject to errors, ommissions, change of price, prior sale and withdrawal without notice. Potential purchasers should make a physical inspection to verify all features independently. EQUAL HOUSING OPPORTUNITY. Sally English is not an attorney or CPA and ALL legal or tax advice should be rendered by a professional. Sally English is an Atlanta real estate agent specializing in homes and neighborhoods convenient to Emory University and The CDC. Thanks for visiting my BLOG!
