A seller called me today. I showed his house maybe five or six months ago. “It’s getting down to crunch time,” he said. “I just want to tell you that we will consider any offer.”
As I recall, his home was priced around $400,000. My clients would have bought it, if they had been in a position to make an offer at the time. All these months later, they’re still in a holding pattern. Waiting doesn’t create any huge hardship for them, but it does create a huge hardship for the seller who can’t sell.
Over the past year, activity was mostly in the under-$300K price range, because most of the buyers were first-time buyers, stimulated by the $8K tax credit. There are some real bargains to be found above $300K because of that.
This year we have a move-up buyer stimulus on top of the first-time buyer stimulus. We’ll soon see what effect that will have.
ADVENTURES IN REAL ESTATE 
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