The past several years have been pretty tough for real estate!  Sellers often think that they should wait for a seller’s market to sell their home; but, if they wait they will be paying higher prices to buy a home.  If a seller sells his home for less in a buyer’s market, he can purchase a home for less.  It works out.  We now have a buyers market and  there are some great home buys in American Fork, UT and in Utah County!  According to the Wasatch Front Regional Multiple Listing Service for Utah County, the average sales price last quarter for a home in Utah County was $246,116 with an average 128 days on the market.  The Federal Tax Credit has been extended to next year with the stipulation that transactions must close by July 30, 2010 plus there is a credit for current homeowners of $6,500.  (Current homeowners must have lived in their homes the past five of eight years).  The tax credit has passed the House and Senate and the President has signed it into affect.  So, why should a seller wait to sell or a buyer wait to buy?  Hey, they shouldn’t!