$8,000 homebuyers tax credit extended

The $8,000 credit was scheduled to lapse on Dec. 1 but will now be in effect through the end of June. Homebuyers must sign a contract before April 30 and close by June 30. The income limits were also raised: Single buyers can now earn up to $125,000 and still get the full credit while a married couple can earn $225,000.

FSBO, Traditional Broker, or Flat Fee MLS?

With lower prices and less buying activity recently, many home sellers have been struggling with their decision and tactics in how to best market their property. In the Chicago area, we are fortunate to have a wide range of choices and options for sellers. They all have advantages and disadvantages that are worth considering so lets go through them one by one.

Can the surge of first time home buyers last?

2009 will go down in history as one of extraordinary government involvement in almost all aspects of the U.S. economy. TARP, bailouts for the banks & auto makers, hand outs to consumers, cash for clunkers, and the first time home buyer tax credit were some of the programs that came out of the political desperation of the credit crisis.

Is video effective for real estate marketing?

Images have always been an important part of real estate marketing. You can only write so much about a property. If a picture is worth a thousand words, how much is a video worth? Usually quite a bit less. In my experience, people love photos when looking for listings. Clear, high quality photos, and maybe some interactive panoramic photos that allow the user to explore a property as if they were standing there. Audio elements, both music and narration, are more likely to turn off a buyer than provide any type of staying power.