Well, the great news is, I've been experiencing a NOTICEABLE increase in business from first time home buyers! I've heard it described as "coming out of the woodwork", "downpour", "feeding frenzy" - all great terms when you are a Realtor and that's what's going on in your market, BUT, a really BIG question??? How long will this last - is it just a small hiatus from the "crisis" that we're in? You know, that pesky little "economic crisis" the one that still doesn't have a name - other than "economic crisis"?
I'm not a "The Sky is Falling" kind of gal, but we do have to be realistic and embrace the mess that has been created... accept it, understand it, work with it, learn from it, and go through the growing pains before watching it go away. Whether we've reached the bottom or not.... the people that can take advantage and financially take on purchasing a property right now are scoring some wonderful deals! Plummeting prices and interest rates - and then throwing in the tax credit for first timers is, quite frankly, making the Buyer Representation part of my job, a blast!
Here's a link to some IRS info that may give incentive to more first timers that have not already taken advantage of this huge gift! And, if you or anyone else you know (first timer or not) would like help with Flagstaff Real Estate - let's talk!
