Post-Tax Credit Buying Opportunity

Wow...  May and June sure were slow months for new sales!  Of course it was to be expected after the rush of March and April with buyers wanting to qualify for the $8,000 tax credit.  Did it really get 'new' buyers into the market?  I think we just borrowed buyers from June, July, August...and perhaps a few from the Fall.  If you were planning to buy and qualified, why not make the 8K grab?

Where is the opportunity now?

With fewer buyers in the market right now, the Sellers who were not successful during the tax rush may be more negotiable this Summer.  A well-qualified, saavy buyer (with a great buyer's agent!) can find fantastic buys and may even end up with a bigger gain, saving more than the $8,000 off the price you pay on your new home.

And you won't have to pay it back to Uncle Sam if you decide to sell before 2013.

This Month in Real Estate

This Month in Real Estate

Act fast! Homebuyer tax credit ends soon!

NEW YORK (CNNMoney.com) -- Use any metaphor you want: the ticking clock, sands running through the hourglass or pages falling away from the calendar. The fact is, time is running out to claim the $8,000 first-time homebuyers tax credit. CLICK HERE to read the CNNmoney.com article!

Indy is still a top pick!

CLICK HERE to read the list of "Most Affordable Cities" according to CNNmoney.com

The older, industrial Midwest cities generally offer the best bargains. Indianapolis has led the NAHB's Housing Opportunity Index for 16 straight quarters. Nearly 95% of all homes sold there were affordable to those earning the area's median income of $68,100.

This Month in Real Estate

Only FIVE months since the 1970's have been this good to buy a home! Plus a good explaination on paying down your mortgage and tips on raising your credit score.

Broad Ripple Bungalow

CLICK HERE to see pictures of a great 2 bedroom, 1.5 bath bungalow with a Sunroom, fenced yard, and finished basement. All for $104,900!!