As an agent of Coldwell Banker, I wanted to talk about what my company is doing to continue to stimulate the housing market. With the tax credit expiring last week, starting on Saturday, they announced a Buyer Bonus Sales Event. Since many agents had buyers who would have missed out on the credit if it had really expired when it was supposed to in November, Coldwell Banker decided to do something about it since it did expire on Friday.
Sellers participating in this event will offer a credit of 3% (up to $8,000) for buyers at closing. The contract has to be signed prior to July 31, 2010, but right now there is no set deadline on a closing.
Jim Gillespie, the president and CEO of Coldwell Banker Real Estate LLC said, “Without restrictions such as household income caps, the Coldwell Banker Buyer Bonus Sales Event allows for greater participation for all homebuyers. And our sellers have a unique opportunity to allow their home to stand out from the competition in their marketplace.” So no one is limited by this event. Anyone (first time buyers or repeat buyers) can take advantage of this bonus.
To find a home participating, you can go to the Coldwell Banker Web site and check the box labeled Buyer Bonus Properties in your search criteria. As you drive around neighborhoods you’re looking at, you can also see those that have a special rider on their yard signs. Feel free to call your local office to find out if the property you’re interested in is participating.
Sellers planning to sell their home and want to participate, be sure to let your agent know. You’ll get the benefit of national television advertising, promotion on the Web site, as well as social media outlets such as Facebook and Twitter.
This is a great chance to get some money back if you were unable to participate in the government’s program. If you’re interested in selling or buying, please be sure to visit me online.