If you are a selling your home….. here are a few things to consider if you have decided to list your property. The factors below determine the volume of buyers that are able to purchase properties in a given price range.
- Interest rates are low.
- The first time buyer tax refund will expire in the end of April, 2010.
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FHA financing is going to change in the near future which will increase the cost to borrow money and it will increase the amount of cash needed to make a purchase.
- The conditions above explain why a seller’s pool of potential buyers is going to become less in the near future.
- The changes set to happen in the near future will drive up the cost to buy a home, even if the purchase price remains the same!
