Davidson Realty, Inc.

Home Buyer Tax Credit Extended!

November 16, 2009

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Posted by in News

Sherry DavidsonDavidson Realty has been working with many first-time buyers looking for homes in St. Augustine that have been unable to close by November 30, 2009, which would prevent them from qualifying for the awesome tax credit of $8,000. This was a huge problem for families taking advantage of the great pricing on short sales in St. Augustine. The lenders are getting better, but the short sale process can still be very lengthy.

But now there is good news for all of these buyers that are unable to close by November 30th. The tax credit for first time homebuyers has been extended so that you as long as you sign a contract to buy a home before April 30, 2010 and close on your home by June 30, 2010, you are eligible for the $8,000 credit. Read more

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Putting Things Into Perspective

October 21, 2009

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Posted by in Distressed Properties, Foreclosures, Short Sales

DSCN0205Karen Palmer and I just returned from Atlanta, GA (my hometown) where we attended the Buffini & Company Turning Point Retreat. Brian Buffini is always a dynamic and entertaining speaker but he was very passionate about his message in this presentation.

Brian began the morning by discussing perspective. The economy and the real estate market are cyclical but when we are in a downturn like we have been for quite some time, it feels like it will last forever. We went through the history of the United States to reinforce that this too shall pass. The real estate market will rebound like it has every time before.

We looked at the National Association of Realtors statistics to understand how many Realtors have left our profession. Many of the Realtors with less experience and knowledge are no longer selling real estate, which only supports the fact that it is in your best interest to work with seasoned real estate professionals. Read more

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