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New Year's resolution: Sell house

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December 21st, 2009

There s something going on in the economy that s breathing a sigh of relief into the minds of people everywhere. People are buying and, yes, selling houses. What s even more spectacular is the success the real estate market is seeing during the winter months. People need to move every month of the year, says Personal Moving Consultant Colleen Rosica, a member of Erickson Realty & Moving Services. In fact, one of her clients listed her house in December 2008, and it sold in four days! The seller was able to move into her new apartment home just after the New Year. So it does happen! Here are just a few reasons why winter is such a good time for sellers:

Serious buyers

Though the market may seem to calm down during the cooler months, there are serious buyers perusing it. Generally, the only reason these buyers look at this time is because they need to find a house and move, Rosica says.

Less competition

While there may be a smaller pool of buyers, there s also less inventory.

Love in the air

Showing a house during the winter has practical benefits. It s the best time to really hone in on the interior of your house. Picture a fire burning in the fireplace, smell the scent of holiday cookies baking in the oven, envision the natural light filling the rooms all of this makes a house feel like home to a buyer and makes your house more marketable.

The new tax credit in a nutshell

Buyers are out there, and they are motivated by the new extended tax credit that was passed on November 6, 2009. Under the new tax credit, first-time buyers can still claim 10% of the purchase price up to $8,000. The extension means that there needs to be a contract on the house by April 30, 2010, and it must settle before July 1, 2010. Traditionally, repeat homeowners couldn t get the tax credit; now, as long as a homeowner has lived in the house as a primary residence for five consecutive years out of the previous eight, they can claim 10% of the purchase price up to $6,500! Also, the income limits have increased for both first-time and repeat homeowners. And any type of residence qualifies single-family homes, condominiums, co-op apartments, as long as the house is the primary residence. With all of that being said, what does it mean for you? Since it s a great time to buy, it s the perfect time to sell!

Need help?

Erickson Realty & Moving Services is a program available to anyone moving to a community by Erickson. It includes access to personal moving consultants who provide trusted realty and moving resources, plus advice and assistance with every aspect of people s moves. To learn more about this complimentary service and how to get reimbursed for up to $5,000 in approved moving costs,call 1-800-917-8643.

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