Realtors prepare for nationwide open house

Posted by: Melissa Johnson - bio | email

Dothan, AL (WSFA) – Saturday and Sunday, Alabama is joining 30 states across the country for the "Nationwide Open House."

It's one last push before the homebuyer tax credit expires.

David Cooner and his wife are trying to sell their home because they are ready to downsize to a smaller home.

Cooner said, "All of our children have grown and moved away."

But before they make that purchase, they've got to sell their current home first.

This weekend, their home will be one of the many hosting open houses.

It's a push to kick off the spring buying season and a reason for potential buyers to get out the door and into homes that are for sale.

The open house comes at a good time for buyers; the homebuyer tax credits are set to expire at the end of the month.

Realtors Vanita Sansom and Kelli Tew say this is a great time for consumers. "We've seen a lot of buyers who can't take advantage of the $8,000 tax credit, and they're still eager to buy a home just because the interest rates are still so low."

They are expecting big crowds this weekend, and sellers hope they're right.

Cooner said, "We hope that people see what we've seen in this house and enjoy it as much as we've enjoyed it."

To qualify for the tax credit, you need to sign a contract on a new home before April 30th.

You must then close on that home before the end of June.

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