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government tax credit


MH900149487You’ve seen the news. You know the market hasn’t bounced back yet, and probably won’t for a while. If you’re hoping to buy a home, you know financing can be hard to come by right now. If you’re trying to sell, you know your home will most likely be listed longer and sell for less than you’d like.

What you may NOT know is that in the grand scheme of things, Austin is holding up quite well, according to the Multiple Listing Service report for June 2010 recently released by the Austin Board of REALTORS®. In fact, the organization called the market “stable” despite the expiration of federal homebuyers tax credits back in April.

Stable is good. We like stable. Stable means life goes on after tax credits

A few key stats worth noting from the report:

  • The total dollar volume of single-family homes sold equals $553,882,211, a 6% increase from June 2009
  • The average single-family home sold for $208,750, a 4% increase from June 2009
  • On average, homes are on the market 70 days, a 14% decrease from June 2009

So, if you’re one of those confused souls who thinks the market is shot, who thinks we’re headed toward another Great Depression, let this information encourage you. Austin is one of the best places in the country to be right now, but of course if you live here, you probably already knew that!

Take care of yourselves and each other, and remember…

NOW you have options!


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Home For Sale Sign in Front of Beautiful New HomeFor the better part of the past year, the government’s home-buyer tax credit has been one of the core subjects of debate in the real estate world, and with good reason. Whether you were for or against it, its influence on the market was undeniable.

Now, that’s all fine and dandy if you entered into a binding contract by April 30. Of course, now the question on everyone’s mind is, what if you didn’t? What if you couldn’t get financed before that critical deadline? What if you didn’t find your “dream home” before then? What if you were still negotiating a final price, and what if you still are, even now? Is it too late to get a phenomenal bargain on the house you’ve always wanted? Or, if you’re a seller, do you still have a shot at finding a buyer for your property?

At EXIT – Options Realty, we pride ourselves on having the answers to the questions you ask most. Well, here’s one big answer that’s sure to make your day. On Tuesday, June 8, EXIT Realty Corp. International will be hosting a live, public, 30-minute webinar where you’ll learn what to do if you missed the boat on the tax credit.

The webinar, entitled, “Real Estate After April 30th – What Now?”, will be hosted by Tami Bonnell, President of the US Organization of EXIT Realty Corp. International, so you can count on getting solid advice from one of the top experts in real estate today. And the best part about it? It’s FREE. That’s right. F-R-E-E. It doesn’t get much better than that!

Check out EXIT Realty’s official blog, for more information on how to reserve your seat in one of the two webinar sessions available. Don’t miss out on this fantastic event!


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