Julie Johnson

Better Homes & Gardens Real Estate | David Winans & Associates

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Tax Credit Boom

March 19th, 2010 · No Comments · Economy

My mother-in-law decided to sell her home in Benbrook, just south of Fort Worth, to be closer to her grandkids. While I was putting the for sale sign in the yard, a couple drove by and asked to see the home. They looked at the home and loved it. That night their Realtor called me saying he was sending me a offer. Her house was sold and on to the fun part of finding a new home.

For the past week, I have been trying to find her a home in Frisco for under $150K. Each time we found one she liked, by the time we got back home, it was under contract. Now of course, there are still a few homes with mold damage or foundation issues, but I don’t want her to be in a home like that.

This $8000 first time home buyers tax credit ends April 30th, and I think a lot of home buyers are rushing to find something. This is making it a great time to sell, but not so fun on the buying end. Are buyers overpaying for these homes because of the high demand right now? When the tax credit is over, will anyone still need a home?

Tags: buying a home·find a home·Fort Worth·Frisco·home·home buying·housing market·Real Estate·Tax credit

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