Let the bidding wars begin: It's spring and the tax credit is expiring soon . . .

So . . . what do you think? Is the Rockland County NY Market improving. Is this another seasonal uptick, or do we have a rally going on? Are folks just trying to cash in on the tax credit and rushing the market before that credit expires on April 30th. What do you think? We have a transaction going on right now (and have had a couple of others these last few weeks) where we are still seeing highly desireable properties securing multiple and very competitive bids. We are seeing (albeit most likely temporary) bidding wars. I'm concerned that what will obvioulsly entice a seller to bump a previous offer for a seemingly more attractive offer will end up biting them on the back end when that all important appraisal arrives. What say ye all? Will these bidding wars continue or end on April 30 ? ______________________________________________________________

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