Do you think gov. might extend rebate?

Asked by Jessica Alsobrook, Humboldt, TN Thu Apr 29, 2010

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6
Kevin Pellat…, Agent, Franklin, TN
Thu Apr 29, 2010
No, it doesn’t seem to be something deemed necessary for the overall economy or for our industry (headed directly into the traditional selling season). Previously, the perception seemed to drive the extension. This time around, do you feel that sentiment in your community?
1 vote
John Juarez, Agent, Fremont, CA
Thu Apr 29, 2010
There has been absolutely no movement to extend the Federal tax credit for home buyers beyond its current expiration date.
0 votes
Keith Manson-…, , Milwaukee, WI
Thu Apr 29, 2010
There was a lot of talk and a lot of activity but a lot of the people looking have not been able to make the cutoff. Of course unless they do it in the last two days. There have been more homes that have had multiple offers than normally durning the last two months. However, when looking at the numbers closed and or have accepted offers, the numbers are not much different than last year.

What does all that mean?


Keith Manson
First Weber Group
Certifed Distressed Property Expert
Metro Milwaukee

http://www.milwaukeebailout.com
0 votes
Linda S. Cef…, Agent, Franklin, WI
Thu Apr 29, 2010
I think that the second rebate that expired in Nov 09 was extremely helpful, but very slow in getting out to the public, hence the second rebate.

It got people moving again and I still have a number of buyers who believe it is more important to find the right home for them than to receive the tax credit, although a welcome bonus.

It was also a hinderance and kept people from moving because there was a lot of talk that the government was just going to keep extended and perhaps even up the ante.

I feel that we are in a bit more stable atmosphere now and although we have many distressed properties still on the market and more coming, I believe that the people who did take the chance and move forward, made purchases and therefore contributed to the upswing, should applauded.

If you think about the number of people that are employed as a direct result of just one home sale, I believe you'll agree that it has been a badly needed boost.

Just my opinion.
Linda
Web Reference:  http://www.lindacefalu.com
0 votes
Julia Odom, Agent, Cleveland, TN
Thu Apr 29, 2010
In a word: No. If it were going to be extended there would have been lots of chatter for the last 4-6 weeks and I haven't heard a word. Just my opinion.
Web Reference:  http://www.JuliaOdom.com
0 votes
Linda S. Cef…, Agent, Franklin, WI
Thu Apr 29, 2010
There has been no discussion of it that I am aware of.

Linda
0 votes
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