Pent Up Demand for Housing Explodes This Spring
Depending on where you live, you may have never experienced a winter like this one. I know I haven’t. Week after week, snow, rain, mudslides and/or freezing temperatures have pounded the country. With only 1 state out of 50 snowless, it’s easy to see why no one is attending Open Houses… Fortunately, with February nearly over, the crocus will soon appear and we predict that homebuyers will hit the streets enmass.
Home Sellers Get Ready. The nasty, record setting winter certainly put a halt to home sales, but the upside is the pent up demand it created. People who expected some typical, nice days to tour homes after the holidays, have found themselves stuck inside with nothing to do but watch HGTV and dream about buying a home. We predict these stir crazy buyers will hit the streets at the first opportunity.
$8000 Reasons to Motivate this Spring. The $8000 tax credit for homebuyers expires in 43 Days. To cash in on the lucrative tax credit, buyers must be under contract for a home before April 1st or they forfeit $8000 grand!! That’s a lot of motivation to get serious in a hurry.
Cheap Money. The Fed and Mortgage Bankers all acknowledge that interest rates will increase this spring and continue moving upward through 2010. Buyers know that if they snooze they lose the chance to lock in a cheap, fixed rate loan and risk pricing themselves out of their dream home, entirely.
Get Ready. Get Set. Sell. Home sellers should prepare for a surge in buying activity this spring that has not been seen in several years. Make every second count now by deciding on your selling strategy. Agent? FSBO? FSBO, combined with the power of the MLS? Whichever you chose or want to pay for, make sure you use the internet for all it’s worth. And, get to know your local home market like the back of your hand.
Why6Percent.com will make sure you are ready when the buyers show up. Place your property on InfoTube.net for FREE exposure to thousands of buyers each week. Advertise your home listing to every buyers agent and on every real estate website with our cheap, flat fee MLS listing, and keep the commission. Either way you chose, act now. You can’t afford to wait until the buyers are looking. This is what you’ve been waiting for.
The Fed indeed raised rates one week after we posted this. We have also heard reports from brokers across the country that buyer traffic is picking up in a noticeable way.