IF THE $8000 TAX CREDIT IS WORKING, WHY AREN'T THESE HOMES SELLING? FOUR LAKES CONDOS, LISLE ILLINOIS...

There is a condo development in Lisle Illinois named Four Lakes...

Set between lakes and hills, this beautiful development holds more than 1000 condos.

Well known for it's ski hill, Four Lakes also boasts swimming pools, tennis courts, and even several beach volleyball courts...

If you need to take a break after skiing or volleyball, there is a pub at the bottom of the hill named "The Lodge"...

Four Lakes is a great place to live.

My question is this...

If the $8000 first time home buyer tax credit is working, why aren't these homes selling?

With prices ranging from $60,000 to just under $200,000, these condos would seem ideal for first time home buyers...

Yet there are 99 homes for sale in Four Lakes. Thirteen are currently under contract. Not a horrible ratio, but considering the tax credit is expiring on November 30th (just about two months away), I would expect more of these homes to be selling...

I hear other agents saying how busy they are because of the tax credit, but I am not so sure...

I honestly haven't seen it. People move when they want to move. Not because of a government incentive...

So what do you think? Is the tax credit really working?

Ken

A Realtor you can trust.