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Updated almost 15 years ago,
Will you still have buyers? End of Tax Creidt & Rates Rising
For all those who purchase properties to flip, what are your plans for the next couple months? Are you still purchasing properties to flip like normal or are you treading carefully due to the credit expiring and the likelihood of mortgage rates rising?
Are you confident you still will have buyers for your properties?
To me it seems that with the rising rates and and no tax credit, potential buyers will FEEL as if they missed the boat to get a deal and at least for a few months will have remorse for not taking advantage of the two which will deter them from buying.
On the other hand, the year is coming into the summer season, so will that have any affect on offsetting at least some buyers worries?