No doubt that by now the world at large is well aware of the tax credit for first time home buyers being extended and expanded. In fact, with the way it has been screamed from the roof tops, unless you've been under a rock for the past couple of weeks, I don't know how you wouldn't know. I saw a not so surprising trend of buyers flying off the fence at the last minute to slip under the radar and claim their credit for the purchase of their first home.
Now that the credit has been extended, I see another not so surprising trend that has developed. Those same buyers that were in a frenzied rush to go under contract before the deadline are now in a frenzied rush to back out of their contract.
With the thought that they would miss out on the credit if they didn't act fast, there was a temporary sense of urgency created for buyers. However, now that they are insured more time to claim their "free" money, they feel as if they were rushed into a decision that they needed more time to make. As a result, many of the people I have spoken with, especially the agents in my area who sit new home communities, are seeing many of those buyers return to cancel their contracts.
I personally feel that this fallout has yet to reach it's full potential, and while these buyers will likely buy anyway, they now have no urgency. They will once again feel that they have all the time in the world to look for that "perfect deal" that truly never existed in the first place.
Well of course you do, in this day and age who doesn't? But the fact of the matter that all "deals" are relative to the situation. Your perception of what good deal is can be very different than than what the market says is a good deal.
These days with all the fuss over foreclosures, every buyer that makes their way off of the proverbial fence is looking for that turnkey home that's is pristine condition. They also have their minds made up that they are going to get that beautiful home for next to nothing due to the desperation of the economy.
Well, the fact of matter is that you may not see a good deal for what it is if you are paying attention to the market. Your money may not buy a mansion on a hill just because the market is not a hot as it once was in the past. You still pay market value regardless. Take those wonderful foreclosures for example. If a decent one hits the market in my area, they have multiple offers within a few days and they don't have to accept your low ball.
While no one likes to feel that they are being robbed in the process of making a purchase, you still have to accept the fact that not every market is desperate. Some are doing well, and here in Columbia a good home at a good price is still going to get a good offer. You have to be realistic about what you can accomplish. While you can get a great deal on a home compared to the price of that same home a couple years ago, you still have to pay market value for it today.
A quick explanation - This is a picture of the Congaree River here in Columbia, SC. This one was taken at the Riverfront Park off of Gervais Street, one of our many parks here in Columbia. Riverfront Park is also one of our many historic sites and gives you unparalleled views of both the Historic Columbia Canal, and the Congaree River.
A quick explanation - This picture was taken from the deck of New Orleans, a popular restaurant in West Columbia, SC. The sidewalk seen at the is part of the River Walk, which is a path that stretches behind the restaurant and along the bank of the river for a few miles. It's a wonderful place to spend a lazy day or take a jog.
Columbia, SC Homes for Sale in Spring Valley West
Looking for homes for sale in Columbia, SC and want well established community, then try Spring Valley West in Northeast Columbia, SC. Spring Valley West offers a diverse style of homes of all sizes and features. Anything from large, all brick homes, to vinyl sided, and Masonite. There's a lot to choose from in this community.
Spring Valley West also has a gated section that can be accessed from entrances on Flora Drive as well as North Springs Drive. This wonderful community is convenient from all areas of town. Only minutes from I-77, I-20, and 277 it's easy to access several main arteries of Columbia, SC to commute. Also if you live and work in Northeast Columbia, then Spring Valley West is in the heart of this area of town making it easy to get to any side of the city.
Spring Valley West is only 25 minutes from downtown Columbia, about 20 minutes from Fort Jackson and is just around the corner from the Village at Sandhill and the JCC. With a community center and all the shopping, dinning, and entertainment you could want, Spring Valley West if in a great location and as mentioned, part of the community provides the extra security of gated access.
With mature shade trees and a diverse style of homes throughout the community, Spring Valley West offers a wonderful escape from cookie cutter subdivisions. So if you are in the market for a new home in Columbia, SC, you may want to take a look at this community. If you looking for your first home, your next home, or your dream home, Spring Valley West may have just what you are looking for in a community to call home. Spring Valley West starts in the low $120's.
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No matter what your needs are in the Columbia real estate market, I've got you covered. In a world of uncertainty, it's good to find a little sanity. Visit www.JLBoney.com.
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