Real Estate Scenario today

Larry Doss Tuesday, November 24, 2009

Real estate events have been quite closely watched in these fluctuating times and there has been considerable improvement on the market conditions that is favoring the buyer this quarter.

While searching for the right place to settle in, do make a thorough search on the Homes for sale section of real estate websites. Community information of the various counties in CA including Sacramento, Roseville, Elk grove, Placerville, Yuba city through the various community pictures provide the needed information on the events that take place there which are displayed in various dedicated websites. You have a good chance of knowing the local information through the real estate consultant’s website. Get in touch with professionals to know more about the real estate events that happen in the neighborhood of the selected community so as to have complete information. For the buyers it’s the ideal time to settle in the futuristically designed green homes where energy efficiency is the maximum. Energy efficiency finds its way to new homes as well as resale units.

If you would like to indulge in Selling, it’s important to be guided with a market analysis of the current scenario. This will provide the needed information on the current trend and the constraints that you could foresee with the analysis. Maximum exposure with proper marketing techniques can assuredly give you the edge in the troubled times. Since the California Association of Realtors has forecast a slower home sales by 2.3% in the following year (2010), it’s time to ponder how best to capitalize on the positives. There is a downward trend forecasted thanks to the unemployment and the tax incentive loss.

As a wary customer it’s important to realize the sops that have been a blessing from the government. President Obama has made an extension on the Home Buyer tax credit bill till April 30, 2010. The only precaution that one needs to undertake is that have a contract in place by April 30, 2010 so that one could buy time till July1 2010 to close and be entitled for the tax credit. In the previous scenario, many home buyers who are working couples were not eligible to qualify for the tax credit due to their income. Now, that has been set to $225,000 and for a single income its $125,000 to be eligible for the tax credit. However, this comes with a cap of $800,000 for a condo buyer. Certainly its good times for the buyer!

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Based on information from the Humboldt Association of REALTORS®, as of 04/24/2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be verified by broker or MLS for accuracy. All information should be independently reviewed and verified of accuracy. Properties may or may not be listed by the office/agent presenting the information. Copyright ©2024 Humboldt Association of Realtors®. All rights reserved.