Tick Tock Buyers need to beat the clock $8,000 Tax Credit

As we approach the Fall, it is more important then ever for people, whom are considering buying their first home, the clock is ticking.  The Federal Tax Credit of up to $8,000 is set to expire at the end of November.  This of you who are considering purchasing a home need to make a decision soon as loans are taking 45 days to close.  That means you need to have a home under contract by early October.

There have been rumors that they may extend the tax credit beyond the end of November, but there is no guarantee that they will.  I would not take that chance. 

Just a reminder, you must have not owned a home within the last 3 years; and the home must close before December 1st of this year to be eligible for the tax credit.  The value of the credit is up to $8,000 or 10% of the purchase price.

For more information visit the Florida Association of Realtors Home Buyer Center for more information.

Oh by the way, I'm never to busy for any of your referrals.  Whether buying or selling I have the local experience and expertise you need.  I am your Home Grown Realtor.

Sean Prescott

RE/Max Crown Realty

Direct: 772-413-1320