Incentives Extended and Expanded!
The first-time home buyers $8,000 tax credit has been extended by congress until April 30th.  However, did you know that they have expanded the tax credit to not only first-time home buyers but all home buyers that have owned their most recent home for 5 out of the last 8 years? This is an amazing opportunity, and you only have a short timeline to take advantage of it.  You have to get a home under contract by April 30, 2010 and close by June 30, 2010.  This means you may soon need to put your current home on the market to get it sold, so you can buy one of the great deals out there.  Keep in mind I will save you thousands when it comes to selling your home, while providing cutting edge marketing services.  Call me for more details...Jan Sales, 547-3017.

More Deals on the Market Than Ever Before
Obviously, there has never been a greater opportunity for home buyers, not just first -time home buyers.  The biggest discounts are found in homes above $250,000 because the supply of new homes in the Kansas City area is still high at 10.2 months supply.  Therefore, “move up” buyers (someone who is buying a larger home than they are currently selling) are finding the most unbelievable deals right now.  The time to consider making a move is now because these deals won’t last forever. 

The Challenge of the Market
For someone downsizing or selling a home but not buying, the market is a challenge.  Foreclosures and short sales are everywhere, and everyone has been impacted by it.  The price of your home is most likely not what it was 2 years ago.  If you are in situation in which you need to sell, you’ll need to be aggressive with your price because only one in five homes that go on the market end up selling right now.  In other words, you have to be one of the best priced homes to sell.  Just keep in mind if you are buying a larger home at a discount, you are likely to come out way ahead in the long run.  One last thing, if you are in a situation in which you are “upside down” with your home and need to get out of your home, please call me. 

Questions?
I hope you find this information valuable and look forward to keeping you informed about the real estate market each month.  Please call me with any questions. Or let me know what updates or information you would like to see in the future