First time home buyers and those that haven’t owned a home in the last 3 years are scooping up the inventory of available properties. Many homes are only resting in the Active Available listing status for less than a week! Many sellers are complaining in a nice way, that they have barely adjusted to having their homes on the market when a contract comes in!! This is a great problem to have, don’t you agree!!
With the November 30th cut off date looming to qualify for the tax credit it is HOT HOT HOT out there. Many of my Realtor colleagues have been working with out a day off for the last several weeks!! This is really great news for Realtors, Seller’s and Buyers!
Remember with the recent changes in regulations regarding appraisals, you need to give yourself at least a 40-45 window to close. Keep this in mind and get out there and find your first home NOW!