The end of $8,000 rebate... repurcussions
Well, I'm in one of those last minute situations... won't bore you with details.... but I might very well miss out on this $8,000 deal.
So what are the implications of the "end of the $8,000 deal"?
Houses are selling in a mad, last minute frenzy, but this should decelerate rapidly. Just guessing.
Homes-for-sale should start building up. Actually, there are tons of homes on the market right now, but there will probably be more and more.
I'm wondering if home sellers are going to recognize this situation and "build in" their own $8,000 type reduction in price once the rebate comes to an end.
If I don't get an accepted offer within the next few days, I am going to have to cease house shopping and await the return of the motivated seller.
I recognize that some sellers don't have the luxury of selling at a loss....because they'd be under water with their loan.