Some Things Bear Repeating

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By Don Dunning | November 22, 2009

If you read my posts and/or articles, you know I have said that the next six months or so in the East Bay are a real window of opportunity for both buyers and sellers. This is because of the confluence of historically low interest rates, the extended Federal Tax Credit and much lower prices than not too long ago.

We know that the tax credit will be in effect only for contracts ratified by April 30, 2010. In addition, interest rates will go up before long, and that ascent could be faster and steeper than many expect.

Buyers — this is a wonderful time for you.

Sellers —  these buyer incentives mean good news for you if your property is on the market during this period.  Make sure, however, that your asking price is right.

Bottom line, if buying or selling is in your future, do it sooner rather than later.