It is that time of year, holidays, cold weather, snow flakes falling, shopping, parties, vacation time, and we all have so much to do, and not enough time to get it all done. Each year i am asked as a broker, should i list my home now or wait until spring. The answer truly lies in what you are seeking, and what you need to do - BUT, there are a few keys things to consider this year, unlike years past.
The first time home buyers tax credit as been extended until the end of April - meaning that 1st time buyers can purchase up until the end of April, and they only need to close by the end of June to qualify for and get the tax credit. We have seen that the 8k credit has done wonders for the market locally with homes under 250k.
There is also the brand new step up buyers tax credit of $6500. If you have owned your home for at least 5 yrs and want to step up to the next home for you and your family, this credit is designed to get you moving. This credit also goes until the end of April and must be completed by the end of June in order to qualify.
The other couple points i try to let people know is this - there are fewer buyers out in winter looking, but the ones out there are usually much more motivated and need to purchase. Also, if you wait until spring, you are waiting with a LARGE number of others and your home will be one amongst hundreds getting listed when the flowers are in bloom.