Good morning! I woke today and sat to read the Boston Real Estate Blogs. This is probably the most boring thing a body can do. What a lot of blah blah blah! So many of the blogs were about the hopelessly ridiculous $8,000 tax credit that I pulled the blog I made in October where I wrote about the last deadline.
Same situation and I have the same to say about it so here goes:
This deadline for the tax credit puts the $8000 in the SELLERS pocket!
I think the $8000 tax credit is a joke when there is a deadline because the listing agents know this and hold their price. I just put a deal together in the Hyde Park section of Boston. I showed my buyer 12 properties and all of a sudden half went under agreement. Obviously buyers paying up before the deadline. I am a Buyers Agent with very firm quantitative concepts of the prices in Bostons neighborhoods as well as Boston Suburbs. The negotiation was fierce and stubborn from the sellers side because they knew about the deadline. I’m pretty stubborn also, especially when my buyers interests are at stake. After much more than the usual back and forth I was OK with the price paid, but an easier Buyers Agent (or worse a Sellers Agent in disguise as a Buyers Agent) would have paid at least $8000 more for the property than it’s worth.
Maybe the government has successfully stimulated the housing market. That is great if it worked. We will find out in time, but do not kid yourself about where the tax credit actually goes.
Written by RE/MAX Destiny Accredited Buyers Agent Jeff Persons 617-512-3443
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Return To WeSellBoston.Net
This deadline for the tax credit puts the $8000 in the SELLERS pocket!
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Jeff, what a wealth of information you have here. You once told me, my blog posts are like Boston Real Estate 101 . You weren’t kidding, this really is great information. Thank you for sharing all this good stuff about Boston Real Estate – look forward to seeing you soon. Steve
Thanks Steve,
Its all about becoming a better Boston real estate buyer. If I can help with that task maybe I will get more readers. Google says quality wins out in the end. Its really fun to write also, the power of publishing!
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