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Old 04-30-2010, 06:05 PM
Status: "Over 600 homes sold and counting!" (set 19 days ago)
 
Location: Columbia, SC
7,262 posts, read 12,051,802 times
Reputation: 3861

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I loved the tax credit, but I hated this week. It was a lotttt of stress trying to get all the procrastinators in. I can say, at least for the short term, I won't miss it.
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Old 04-30-2010, 06:16 PM
Status: "Strawberry Rhubarb Pie!" (set 3 days ago)
 
Location: Cary, NC
21,133 posts, read 34,535,971 times
Reputation: 18381
You are in a military area, aren't you?

You have a year to go yet for folks who served outside the country for 90 days or longer.
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Old 04-30-2010, 08:03 PM
Status: "Over 600 homes sold and counting!" (set 19 days ago)
 
Location: Columbia, SC
7,262 posts, read 12,051,802 times
Reputation: 3861
You are correct. But it won't be the rush like what we had this week.
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Old 04-30-2010, 08:09 PM
Status: "Strawberry Rhubarb Pie!" (set 3 days ago)
 
Location: Cary, NC
21,133 posts, read 34,535,971 times
Reputation: 18381
Quote:
Originally Posted by Brandon Hoffman View Post
You are correct. But it won't be the rush like what we had this week.
I believe the record will show that LOTS of mistakes were made this week for a lousy $8000.
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Old 04-30-2010, 08:25 PM
Status: "Over 600 homes sold and counting!" (set 19 days ago)
 
Location: Columbia, SC
7,262 posts, read 12,051,802 times
Reputation: 3861
Surprisingly, I didn't get a single ratified contract this week where I represented the buyer. I had too much going on to try to take on new clients. The buyers I was working with were well informed and were already under contract if eligible for the tax credit. As rough a month as April was, those 14 closings I have scheduled for May will be awful nice.
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Old 04-30-2010, 08:52 PM
 
Location: Northern Virginia
260 posts, read 369,072 times
Reputation: 70
Nice work! I was unable to get one couple under contract. They said I'd have to put up with them until the end of the month and then they were taking a break. I told them they were ruining my batting average. If I had my druthers, they would have been first under a solid contract and happy by now in their new home. And they weren't craving the tax break.

Quote:
Originally Posted by Brandon Hoffman View Post
Surprisingly, I didn't get a single ratified contract this week where I represented the buyer. I had too much going on to try to take on new clients. The buyers I was working with were well informed and were already under contract if eligible for the tax credit. As rough a month as April was, those 14 closings I have scheduled for May will be awful nice.
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Old 05-01-2010, 05:56 AM
 
Location: DFW - Coppell / Las Colinas
19,475 posts, read 19,463,476 times
Reputation: 19550
Quote:
Originally Posted by Brandon Hoffman View Post
Surprisingly, I didn't get a single ratified contract this week where I represented the buyer. I had too much going on to try to take on new clients. The buyers I was working with were well informed and were already under contract if eligible for the tax credit. As rough a month as April was, those 14 closings I have scheduled for May will be awful nice.
I'm like you, I've worked solid the last 3 weeks with people trying to beat the clock and actually have no offers or contracts to show for the work. In our area there is a real shortage of good 1st timer homes. Hopefully now we can get back to a more balanced supply & demand.

I wonder how many contracts will be written this weekend and dated April 30 ? I suspect quite a few. We had a few title companies get wise and stay open till midnight to get some extra contract in the door.

We did have 2 listings that just went under contract to 1st timers. I told my sellers we can play tough on repair issues. Buyers aren't going to walk on their tax credit unless there is very major repair issue.
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Old 05-01-2010, 05:13 PM
 
Location: Cookeville, TN
176 posts, read 287,494 times
Reputation: 136
Oh dear me, the last month has been insane!! I'm a newer agent (wonder at one point you quit saying that??) and have been learning by baptism by fire! In the last three or four weeks, I had my first closing, and have negotiated four contracts (each getting the tax credit) plus two others that fell apart - had about a million dollars worth of business slip through my hands one of those weeks (did get part of that back, long story). What amazed me is someone making an offer on one of my listings at 1pm yesterday with a deadline of 9pm that night... sheesh!! There have been about eleventy billion other crazy things that have gone on that aren't directly tied to the tax credit, but probably stem from the stress of it all.

Unless my business comes to a screeching halt this week, I'll be thankful to see it go -- ask me again in a month or two

I did get an offer on something else today, which I thought was interesting...
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Old 05-01-2010, 08:21 PM
 
4,119 posts, read 5,195,545 times
Reputation: 2491
All I'm saying, is that I'm going to be flush with cash the last week of May.

Drinks on me, people!

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Old 05-03-2010, 06:04 AM
 
Location: WNY
1,049 posts, read 2,681,329 times
Reputation: 246
Well I for one, am sad that it ended, but let's be realistic, if it went till May 30th, all our business last week would have been the last week in May, not April.
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