Tax Credit Expires. Bargain Season Begins.

April 30 was a very busy day in real estate. Buyers looking to take advantage of the expiring federal tax rebate rushed our offices all over Jacksonville (and throughout America) to finalize and sign contracts. At Prudential Network Realty's Avondale office, where I work, ELEVEN contracts were turned in April 30. My office covers a wide territory including San Marco, Springfield, Downtown, Riverside, 5 Points, Avondale, Ortega, Venetia, and more — nevertheless eleven contracts is one high traffic day!

If you are a potential buyer you might be thinking you missed a great opportunity for getting up to $8,000 in tax rebates. While it is true that the tax credits for home buyers are no longer available, it is also true that there are still a great many properties available on the market. And the pool of buyers just shrank dramatically. That's why I am not joking when I say that "Bargain Season" is just beginning. Some sellers will be motivated to come down much more than $8,000.

Please contact me, Liz Bobeck, so that I can assist you in taking advantage of this great time to buy real estate anywhere in Jacksonville.