LAKE FOREST – Tax Credit Means Early Spring for Real Estate Market

See full size imageAlthough Southern California doesn’t have harsh winters, still sellers often wait until Spring to put their homes on the market. This year some experts think that making the decision to wait until spring to list the property could be a mistake. Government incentives will likely have a big impact in 2010, with many buyers determined to sign a contract before the April 30 tax credit deadline. “This year, we’re anticipating sales will peak earlier,” says Nicole Hall, editor in chief of Lendingtree.com, an online home loan comparison service. “The best time to get your “equity sale” house on the market will be February or early March ….” Traffic on real estate Web sites begins to rise right after the New Year, says Ken Shuman, spokesman for real estate Web site Trulia.com.  

If you do not have the equity in your home to sell it without bank approval, even waiting till March can be a mistake as it will takes longer to close these short sale transactions.  Please call me ASAP so my partner or I can get you started at the most advantageous time.

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