You may have heard that now is a good time to buy a home. There are a number of reasons for that, among them: near historic low interest rates and tax credits for first-time and move-up buyers. Those are among the same reasons it is a good time to sell.
The tax credits, $8,000 for first-time buyers and $6,500 for move-up buyers, and low interest rates are compelling many people to move into the housing market. In fact, estimates are that fifty percent of all home sales in 2010 will be initiated prior to May (the tax credits expire April 30th).
Whats more, housing inventories are currently low. In some parts of San Diego County there is fewer than two months supply of homes for sale. For those considering selling their homes, that means competition from willing, ready and able buyers.
Among the biggest winners over the next several months: those selling a house and moving up into a bigger home. They should be able to sell their homes quickly and for a good price in today's market and at the same time may qualify for $6,500 in tax credits from the federal government.
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