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HI folks, I know we have experienced down turn in the economy like we hopefully won't experience ever again in our lives. But for now, it seems sales are picking up especially with the $8000 tax credit being available. So now with the extension that seems to be inevitable, it's more than ever a great time to buy!For sellers, is it a great time to sell? Just be aware that you even if you have an agreed upon price on your contract the appraiser may kill your deal. With such a lag in sales in our area of West Georgia, especially in the middle price ranges of $150k to $250k, the appraiser will have to come up with like sales to find your value of your contract price with in the last 6 month(preferable). If the price can not be substantiated, then the lender won't be willing to loan as much for your buyer putting cash strapped buyer in a bad position only to ask you the seller to reduce your price to the value that the appraiser derived. Ouch! Seller's just be mindful of one of your last hurdles before getting to the closing table.
