Is Winter a Good Time to Sell Your Home?

Times are changing and many are saying that thiswinter is an ideal time to buy a home. The main reason is that the $8,000 first-time buyers’ tax credit and $6,500 incentive for existing homeowners will expire April 30.

Without a doubt, proponents and critics of the tax credit both agree that the program has improved home sales and even increased the selling prices. Although, there was a noticeable decrease in home sales during the period of when the credit was extended and expanded after the original Nov. 30 deadline. This may bring concern about the market’s reaction when the government programs end. There is a good probability that the government may extend the credit again, especially if there is a possibility that it may cause the real estate market to take another major decline.

The timing of the tax credit is intended to get the housing market through the winter months and create momentum during spring and summer which are traditionally the best home selling seasons.

For more great reasons to by a home in 2010, please click on The Best Time to Buy a Home is Now!

There are many wonderful opportunities to purchase a home in Hoboken. Whether it be a lovely condo, brownstone, Classic Victorian or anything in between; I guarantee you there is a home for you. Please contact Eddie Perez, Broker-REALTOR, CDPE. Eddie’s market includes Hoboken, Jersey City, Weehawken and Union City.  Eddie can be reached at eddie@InvestHoboken.com or 201-344-2886.

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