Still Looking At Alexandria VA Real Estate AFTER The Tax Credit Deadline?
What Will You Do Now?
The federal government, the National Association of Realtors, the local association of Realtors, real estate companies, and Realtors across the country did a great job of making the First-Time Homebuyer Tax Credit public. Consumers were informed with television commercials, YouTube videos, and numerous blog posts from the media about how to take advantage of the credit.
So, how did you fare? Did you get the house you wanted in time? If you're still looking for a home, how do you feel about missing the deadline? I had a relocating buyer come to the area for one day to identify a home. After submitting a low offer on a condo in a pretty sought after area, and being rejected, I received the following email,
"I can't believe that they'll [the seller] get what they're asking for, it's a buyers market. I'll just wait until I come back to the area, but I expect to be compensated for missing the tax credit and not getting my $8000."
I was stunned. Thankfully, this was sent to me in an email, because if we were face-to-face, then the buyer would have witnessed my 'Deer in the headlights' look.
But seriously, if you've been working with an Alexandria VA buyer agent, who is keeping you informed of the Alexandria VA real estate market conditions, it's pretty clear to see that in certain price points it's not only a balanced market, but it's more of a sellers market.
If you're a first-time home buyer and you missed the deadline but you're still actively looking for a home, do you have any expectations from the seller in terms of compensation? Do you feel entitled to an $8000 subsidy because the deadline has passed?