1. Tax Credit - yes the time to get this is running out. You must be under contract by April 30th but it is not too late. There is a first time homeowner credit for up to $8,000 as well as a repeat homeowner credit of up to $6,500.
WCAX- Clock Ticks Down on Homeowner Tax Credit
2. Rise of home sales in Vermont. This Burlington Free Press Article shows the recent rise of real estate sales in Chittenden County. This article is a month old and action has increased since then.
3. Mortgage Rates are Beginning to Rise. We saw a record low for mortgage rates in December but rates have begun to rise. 1/2 a point can make a big difference, get locked in at a good rate now.
Let Me Know if you or someone you know might be in the market for buying a new home and taking advantage of these reasons to buy now. Coldwell Banker Hickok and Boardman is a great company and here is one of our most recent marketing opportunities through Seven Days as we appear on their main page.
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