BeaufortHomes, South Carolina

The light is finally appearing at the end of the tunnel.

Number of sales are begining to show signs of moving toward the up side.

Heavily populated areas are the first to take a hit, and first to recover from most economic downturns. The smaller towns are usually the last to show a downturn, and last to recover.

When prices have bottomed out everyone will see it in their rear view mirror. Now is an excellent time to consider buying property. First time buyers currently have an $8,000 tax refund, move up buyers who have lived in their primary home for the past five years have a $6,500 tax refund. These are not tax credits. They are a refund.

So here it comes. However it will take a good while to return to a "normal and balanced" market between buyers and sellers. Best guess from the GURU's is third quarter of 2010. Reaching Beaufort early 2011.

Many sellers offer incentives to the buyer or buyers agent or both. There is a million dollar home for sale with a Mercedes convertable to the selling agent and buyers closing costs paid by the seller.

Property is selling not too far from the asking price (97% +-) if the home is priced fairly on the market as compared to others in the close surrounding area.

Feel free to contact Beale@BeaufortHomes.com with any thoughts or questions.

Thank you.

beale