What's the results of the tax credit with Roselle Home Buyers?
I've been waiting to write this update now for quite sometime on Roselle Home Sales and to be honest, it sure is a let down!
Yep, anti-climactic end to the Home Buyers Tax Credit.
Like a sharp object aimed at a balloon, it's a total fizzle (or as Snoop Dogg would say 'a total furrrschnizzle').
The graph illustrates sales for single family and multi-family Roselle Homes from January to June 2010. With all the media hype, I would have expected better numbers. What I see here is the standard increases that we see every year at this time. But, one caveat for Roselle Homes is that I believe the tax credit was more valuable to multi-family buyers. Here we see a surge for the deadline but again this could also because of the time of year. I really didn't get a feeling that the buyers were 'bustin' down the door to take advantage of the credit. Ho-hum.
Foreclosures and 'better priced values' are being scooped up the fastest. Short sales? Well, they fell short for our area. From working with my own buyers, short sales offer too many hassles and not enough price rewards for dealing with the banks.
Looking to sell your Roselle home and work with an area expert?
See who sells the most Roselle Homes?
Looking to buy a Roselle Home and want to work with a buyers agent that's familiar with the area like the back of her hand?
Look for Roselle Homes now.
Look for Roselle Home Foreclosures now.
Look for Roselle Townhomes or Condos now.
Look for Roselle Townhome Foreclosures now.
I'd like you to contact me by email Lyn as soon as you can!
Lyn, our numbers are even worse than yours. It was a waste of tax dollars
Lyn - Now that the tax credit/artificially induced sales are gone, what's left? Not much in the way of a permanent stimulation of either the housing market or economy.
I think a lot of people experienced the same let down because so many buyers just waited and missed the opportunity.
Lyn, I am from the camp that the govenment should stay out of the real estate market, let it correct on it's own without artificially inducing sales, just my 2 cents
I'll tell you what I've had my fill of short sales. I've avoiding listing any although I've learned plenty about what needs done, but I can tell that you that as a buyer agent on a few I'm about done with them. I can't believe they haven't streamlined the short sale process yet.
Hi Lynn, In our market, the tax credit sure didn't seem to help boost the sales and I see what you are seeing, ordinary increases for the season. I'm sure it helped a lot of buyers, but not here.
Mary: Well, it was just a little flat in most markets.