Keller Williams Market Report – March 2009

This Month in Real Estate – March 2009 YouTube

This Month in Real Estate is presented by Jay Papastan and Bryon Ellington. They talk about the Home Buyer Tax Credit for first time home buyers. The “up to” $8000 tax credit is for purchases of primary homes between Jan. 1 and Dec. 1, 2009. The tax credit is not paid back and buyers must live in the house, as their primary residence, for 3 years after the purchase. While times are tumultuous, they urge first time home buyers to consider 1) low prices, 2) tax credit and 3) mortgage availability. Sellers, on the other hand, are advised to “price for the market” and not “price with pride”. They affirm that homes priced correctly will sell while homes priced, as little as 10 % over market price, will not even get looked at. Price correctly right from the start. Great advice!