Monday, February 8, 2010

Time is getting short!

The Federal Government has announced that they are going to ease out of buying mortgages in the secondary market, as of March 31, 2010. What does that mean for you as a buyer? It means mortgage rates will go up! If you pair that fact with the fact of the expiring home buyer's tax credit ($8000 for first time buyers, and $6500 for move up buyers) ,which expires at the end of
April, it means that sellers have a very limited time frame this year to try to get their home SOLD!

We are actually getting multiple offers on our listings THAT ARE PRICED RIGHT!! So, there are ready willing and able buyers out there,who can act fast, when they find the right house at the right price.

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