What does the market look like for next year in Toledo?

I love this time of year! We have a great opportunity to learn and work on new systems to give our clients even better service next year. This week we will be making our favorite fall recipee Pumkin Apple Bread to deliver to our clients and friends for Thanksgiving!

Last week we learned some interesting news from Dave Liniger ceo of RE/MAX International about what we should expect the next year to look like for both buyers and sellers. Due to the 4 million plus foreclsoures still on the books to clear-it is going to take a couple more years for the housing market to recover.

Sellers need to be prepared to price their property to compete in todays market. Even with the current tax credit extension helping the market improve, todays seller should set reasonable goals to avoid frustration. The good news-if you have owned your current residence for 5 years-you may qualify for a tax credit as well!

Buyers and investors-this is still a great time to pick up incredible deals!  Save that Christmas cash for a long term investment and a new home!

We are going  to continue to provide great service and plan on ways to spoil our clients some more next year!

HAVE A GREAT THANSGIVING!

Tax Credit Extension For Home Buyers

Great news for both buyers and sellers!!!

I am so pleased to see the $8000 tax credit for first time home buyers extended and now it includes a $6500 credit for some repeat buyers as well!  The credit is being used by many of our purchasers to do improvements on foreclosure homes they have purchased or just regular updates like carpet and paint.

This is going to help so many families that need to sell a home as well. The buyer activity will stay active for a few more months. If you are moving into another home and you have owned your current residence for 5 years or more, you may also qualify for the $6500 credit !

Do you qualify for the new credit? Check on some details in the follwing article and as always call us if you have additional questions about buying or selling a home!

MSNBC Article