Buying a House in Cecil County

Back from Vacation!

I probably should have mentioned that I was on “vacation” last week. The college where I work was closed for Spring Break. I spent the days catching up on all the stuff one does at home. We also spent some time house hunting. We put in an offer but it was too low. We went out today and found a different house! We are hoping our offer will be accepted.

So, this is what we found out when we house hunted: The stagnant market has suddenly changed. Houses are selling rapidly and they seem to be selling for closer to the asking price than they had been selling for last Fall and Winter. We looked at 12 houses altogether. Many of the houses that we first looked at are already sold. The house we first offered on was put on the market about 3 weeks and they took someone else’s offer. The same day we saw that one, we looked at one that had been listed for a week. That one sold too!

Why is this happening? Could it be BRAC? I don’t think BRAC is playing a large part in this because we were looking in the $200,000-$300,000 range. If I sold my home in New Jersey for $500,000+ than I certainly wouldn’t look in that range! I think it is the $8,000 tax credit as well as people getting their taxes back. Plus, Spring is the time houses move. (I am not a realtor or an economist. This is just based on personal observation)

If you are looking to buy a house than buy this year! The $8,000 tax credit means $8,000 off of your taxes! We were going to buy a house anyway but the tax credit will be great.