With all the talk about buyers, and the $8,000 tax credit, and the low interest rates, you might be surprised to learn that there’s truly a seller’s market in Lincoln today.
Consider this: the first-time buyers are indeed shopping, and they’re buying the homes that are ready to sell. What do those homes look like? They’re clean/updated/show-ready, and they’re priced correctly. Savvy sellers understand this, and they also understand the ‘back half’ of that equation. With their house now under contract to a first-time buyer, that seller now becomes a buyer, too. And while they can’t take advantage of the tax credit, their buying power is now increased with a low interest rate. And if they’re in a position to move up (buy something bigger/more expensive), they’ve got plenty of homes to choose from. And once again, the homes in those price ranges that are clean/updated/show-ready and priced right … are selling.
Sellers — would your current home be a good first house for a young buyer? If so, you’ve got an incredible opportunity. Will you take advantage of it?