As we anticipated, the Spring Real Estate market seems to have arrived early this year here in Hutchinson, MN. Despite the extra cold weather, buyers and sellers are anxious to get moving.
We expected this based on the fact that both the First-Time Homebuyers’ Tax Credit and the other Homebuyers’ Tax Credit require that buyers have a signed and binding purchase agreement in place by April 30, 2010 and close by July 1, 2010.
Sellers don’t want to miss out on any of the market time between now and the end of April, so they are calling to get their homes put up for sale as soon as they can.
With the interest rates still staying low, buyers and sellers are smart to get a jump start on the housing market.