First Time Home Buyers, please don't wait a moment longer to take advantage of the 2009 $8,000 tax credit.
You've probably read a lot of information about this program; much of it being conflicting. But I felt the need to point out some important information.
When you read a blog or watch a video about the $8,000 tax credit, FIRST pay attention to the date of what you're reading or watching. This program was changed several times in the first half of the year! The details at this point, and what is expected to be the final program, state that in order to take advantage of the $8,000 tax credit, you MUST CLOSE ON YOUR HOME BY DECEMBER 1 (as in December first) 2009!
If you don't want to miss out on this one-time-only opportunity, PLEASE don't hesitate! Time is running out!
Consider these important details...
- Bank financing is taking longer than in the past. You would be wise to not wait until the last minute, assuming your loan will close in 30 days. You have no guarantee of this, no matter what your mortgage broker or loan officer tells you.
- In relation to number 1, if your loan does not close in the designated time, it is most likely NOT the fault of your mortgage broker or loan officer! They do their best for you, but they cannot control the entire process.
- As your REALTOR®, I will make sure that every date on your contract is strictly adhered to.
- Your mortgage broker or loan officer will probably do the same.
- Even when the professionals who are in contact with you, and working for you, do everything as they should, there are still many steps along the way where delays can happen.
- YOU play a big part in the process. When starting the loan process, make sure you bring them every single document they request, as soon as possible!
So please, do not hesitate to contact your mortgage broker or loan officer, and your REALTOR®, to get started on your way to finding PRIDE OF HOME OWNERSHIP, and take advantage of this $8,000 tax credit while you can. I can't stress the importance of how urgent this is. Time is of the essence!
One last bit of advice: In order to ensure the smoothest transaction, with the least amount of delays...
- Try to find a home that's in good condition
- Present a "clean" contract, to the best of your abilities (Your REALTOR® and team of trusted real estate professionals can provide more information on this item.)
- At this point in time, my advice to you, to reduce the risk of bypassing the December 1st deadline due to many possible delays, is to try to avoid Short Sales or REO homes. (This is nothing against Short Sales or Foreclosures, but they usually involve more delays than a straight/clean contract and sale.)
Although there is a possibillity that a Short Sale or Foreclosure property can close by December 1st, there is a greater risk of delays involved in these types of properties. For the best results, do your best to find a house in good condition, and write a clean contract.
Now for some links to helpful information
For information on FHA loans, avoiding being charged for extra mortgage fees, and any questions you may have about mortgage, << just click here.
If you're a first time home buyer in the Daytona Beach area, make a Smart Choice and contact Lisa Hill with Adams Cameron & Co., REALTORS®! << Click here for Lisa's web site.
Lisa Hill's Daytona Beach Area MLS Listing from the Daytona Beach Area Association of REALTORS® <<Click here for Lisa's listings.
Search for Florida MLS listings from the Florida Association of REALTORS® << Click here for Florida listings
Contact Lisa Hill, Daytona Beach Native and REALTOR® << Click here to contact Lisa.
Read the details about the First Time Home Buyer Tax Credit << Click here
Use the Daytona Beach Area Association of REALTORS web site to learn about FHA and the First Time Home Buyer Tax Credit << Click here
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