The message here from the nation's realtor organizations is that in order to reach the homebuyers who are looking to take advantage of the tax incentive for purchasing a new home, home sellers should be putting their homes on the market NOW, and not wait until Spring. The incentive ends April 30th, so unless it is extended again, the homes need to go under contract by late March, and the buyers should be out house shopping soon to find the best deals.
Traditionally home sellers wait until March or April to list their homes, hoping to move after school is out in late May or early June. That pattern will not work with the tax incentive deadline. So if you are thinking of moving up, moving down, or just moving, you should contact a Realtor very soon to get your home out there for buyers to find. The number of homes on the market will surely increase as the year progresses, so the competition gets tougher later. Don't wait!
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