TAX CREDITS - A Little Incentive Was Better Than None

Do you really think the Tax Credit was the driving force behind home sales? I feel it was a nice incentive (a little incentive is better than none) but didn't impact our market very much. While cash buyers were a substantial part of the SW Florida market, low interest rates and great home values played the biggest role in motivating customers; especially the Baby Boomers, from other parts of the country, looking to take advantage of the opportunities to buy a second home in the area they hope to retire to and call Home. Several of my closing this year were done with money from very low interest Equity lines. Most clients were aware of the Tax Credit but (on a rare occasion) a customer found it an added bonus when it was explained to them. Tax Incentives are an added bonus but I have found that home prices, affordable interest rates and banks willing to lend money are the backbone ofhome sales. Understand, this oppinion is based on the experiences I have had and may not reflect what has gone on elsewhere.