
The real estate market has begun its rebound, and with it has come an increase in homebuyer activity. Adding to the renewed interest are many first-time buyers looking to take advantage of the $8,000 tax credit before it expires on December 1.
A well-cared-for home with memorable details speaks for itself. Sellers looking to make their home stand out can make a few small enhancements that won’t cost a lot of money, but will help catch a buyer’s eye and could lead to an offer.
Here are a few areas where it may make sense to spend a little remodeling money:
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Create a finished look by adding crown molding, wider baseboards and/or decorative framing around doors.
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Add better insulation, caulking and energy efficient appliances which are popular with buyers.
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Freshen up the walls with a new coat of neutral-color paint. Faux finishes or accent walls can add pizzazz when colors and textures with mass appeal are chosen.
To find out more information feel free to contact me any time.
Jason@JMartocci.com
The $8,000 tax credit for first-time buyers makes all the headlines, but that doesn’t mean it isn’t a good time for all homebuyers to get into the market. Consider, for instance, the move-up buyer who can now purchase a new home that is bigger and better than what they could have afforded just a few short years ago.
The National Association of Home Builders recently suggested the following reasons why current homeowners should consider upgrading to their dream home:
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Interest rates are at historical lows – Buyers can get more house for the same amount of money.
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Homes are more affordable – Even though they might receive less when they sell their home, move-up buyers will also pay less for their new home.
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There are many homes to choose from – With more homes on the market than in the past, buyers have more options and greater negotiating power.
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Starter homes are selling – A move-up buyer’s current home may no longer fit their needs, but it could be the ideal starter home for another family. The incentive of the $8,000 tax credit, which can be used for transactions closing before Dec. 1, 2009, makes these types of homes even more desirable for first-time buyers.
To find out more information feel free to contact me any time.
Jason@JMartocci.com