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I wonder how many more of these calls I will get in the next 30 days..........

As the day draws ever closer to the end of The American Recovery and Reinvestment Act of 2009, we know it better as the First-Time Home Buyer Tax Credit, will we REALTORS® be getting more phone calls about buying a home? Sitting in the office yesterday morning the phone rings and on the other end of the line was a buyer wanting to see a home. It was not out of an absolute need, NO; it was out of a desire not to miss out on the $8,000 tax credit. So I will be showing this pre-appr0ved couple homes this evening. What about you?

If you want more information on the tax credit here are two links:

The tax credit at a glance, www.federalhousingtaxcredit.com/2009/glance.php

Frequently asked questions. www.federalhousingtaxcredit.com/2009/faq.php

There is one thing that we know for certain and that is this program is scheduled to end at the stroke of midnight on November 30, 2009. And if you are going to purchase a home and take advantage of this tax credit you need to begin to take action, just like the young couple above, and have a contract on your new home and scheduled to close on or before November 30, 2009.

Take a look, this is how much time is left until the clock reaches all zeros and the tax credit has ended.

MySpace Countdown Clocks

So, if you are looking to purchase your first home in O Fallon, MO. or St. Charles County, MO give Don Rogers a call today at 314-954-6775 and let's start the process. The time is now.

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Don Rogers is a licensed REALTOR® in Missouri. I specialize in St. Charles County. If you are looking to buy or sell or you are relocating to the area and would like information about the St Charles County MO area do not hesitate to give me a call at 314-954-6775 or if you would prefer to send me an email at Don@DRogersHomes.com

Posted by Don Rogers REALTOR®, GRI O'Fallon MO & St Charles County MO homes on 08/11/2009 04:35 AM

Comments (48)

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Originally posted at: Dons' musings about O Fallon Mo : I wonder how many more of these calls I will get in the next 30 days..........

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48 Comments on I wonder how many more of these calls I will get in the next 30 days..........

AUG

We are not receiving the volume of first time buyer calls that were expected. Too many are on the sidelines. It is interesting to note that many prospects are not yet familiar with the details of the available tax credit.

I imagine that these types of calls will start to increase as the deadline draws near. Good luck...

Helping you live your American dream...

We've already seen the results of this credit here in middle Tennessee. I also expect it to pick up as the time gets closer to the end. Everyone seems to always wait until the last minute.

Don...

And with some closings taking up to 60 days, the time to get going is now! Thanks for the "timely" reminder! Have a great day. my friend.

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Ray,

I think that we will begin to see the numbers increase.

Michael,

I do think that you are right and as the realtors business increases so will yours.

Connie,

I am glad to hear that you are starting to see an increase in calls. It will be good to see more folks get off of the fence.

Richard,

That is the side that most folks don't think of. I have heard some agents say they think that the title companies will be staying open later as the time draws to a close. I don't think so.

Thanks for the group feature.

Don..how many calls will we get 2 weeks before or even after NOV 30

Hi Don - I would be willing to bet that deadline will be extended they just don't want to say it now. We shall see.

ToulaRosebrock,com

Hi Don:

I'm finding that many buyers are still too laxed with the count down.

I think that I'm getting more nervous for them, than they are!

William,

I would hope that we would not be receiving any after Nov. 30 but I am sure we will. Those two weeks before won't be bad if they are ALL CASH with a quick close.

Good morning Bill,

That may be true but for buyers to take a wait and see attitude may not be in their best interest.

Toula,

I am thinking that is the problem too. They will wait to long and then be left out in the event the program is not extended.

This is the perfect opportunity to decide upon a farm area, preferrably apartment buildings, and send out postcards and other literature to express the urgency of acting NOW so that they don't miss out. A targeted marketing campaign specifically to educate the public on the advantages and uses of the tax credit will go a looooooooong way in boosting your number of first-time buyers!

~Renae

I feel we all may see many more procrastinators at the last minute. But some may be gambling that the government is going to extend or even improve the tax credit. No guarantees people, you snooze ya lose!

Tick tock.... it's getting down to the wire!

Renae,

You are so right, now is the time to get a niche market and start to move on the first time home buyers. It may get some of them off of the fence.

Mark,

There just be a lot of procrastinators left out in the cold when the program finally ends.

Susan,

That is the whole purpose of the countdown clock. To let folks know just how long they have until the program ends. It is time to make a move.

Don - I sure hope it's a LOT of calls! I like the countdown clock idea.

Don - A majority of the inventory in my area are short sales, so I'm sure a lot buyer's will be missing the boat thinking they can find the perfect property at the last minute and close by November.

Jason,

Thank you sir. I to hope that it will be a lot of calls.

BTW, Isn't someone having a birthday soon?

Michelle,

I would hope that they have already got their contracts to the bank by now or they could be left behind.

AUG

The countdown clock motivates me to go ahead and take advantage of the tax credit. .I wish I was a first time home buyer . .great concept!

Good morning Fernando,

Thank you for stopping in this morning sir. I thought that it would help to keep folks informed on just how much time they had to make a "move".

Morning Don,

We don't get too many of these calls here because it is a retirement community. However, I did sell a home to a buyer that qualified for the tax credit a few months ago. Needless to say, she was elated learning of her entitlement. I too believe the deadline will be extended. Will have to wait and see.

Hal,

I hope that you are right but, until we know for sure, and that won't be until the last minute, we need to go with what we do know. If it isn't then there will be a lot of folks missing out on a good opportunity.

Don-

Good blog and the clock countdown is a great add. I think I'll reblog this. Thanks.

Don, your count down clock is just brilliant! I can hear the phones ringing!

Hi Don! Such an important reminder....and I really like your countdown clock.

Have a great day!

Ann

Hello Don,

We have a lot of buyer's that are interested in all of the short sale and foreclosure homes that have innodated our market here in Florida. Now we have a program in my area the Neighborhood Stabilization program that assist the buyers with foreclosures that are severly torn up or in bad shape and won't pass the typical inspections. Some of our buyer's are still on the fence too I have noticed.

Yes time is ticking away on this deal my friend. I have seen more people starting to realize that if they want the credit, the better get a move on.

Wayne,

Thank you sir for the re-blog. I am hoping that the phones are ringing in my home town of San Antonio too.

Pat,

Thank you am'am and I hope the phones are ringing in DC too.

Thank you Ann,

I hope the clock adds to the importance of the tax credit and reminds folks that the time is short.

April,

I hope that you will see a lot of absorption in the on hand inventory of short sale and foreclosure homes. I would hope that the buyers will come down off of the fence too.

JL,

I have a feeling, my friend, that we will hear a loud outcry when the program ends because folks haven't had time to take advantage of it.

Have a GREAT week sir.

I am sure the liberal government will find more money to give away next year so the cycle will start all over again.

Good evening Rick,

You may have a point and yes this liberal government may very well print more money and recycle this program. The other side is they may not and there will be a lot of people missing out on the opportunity. They should act now.

AUG

Don - This was a very creative post and I too love the countdown clock. Way to go!

Judy,

Thank you ma'am. It is amazing as I look at the clock how quickly time is flying, it is NOT sitting still waiting on folks to come down off of the fence.

Don,

I love the clock...where can I get one??

Ann

AUG

Good evening Ann,

Thank you ma'am. You can get your countdown clock here: http://www.countdownclockcodes.com/. I hope you enjoy.

AUG

I left a question on one of your previous posts, and was scrolling down trying to remember which one it was (never remembered. lol) when this timer caught my attention. That is awesome! I HAVE to get one of those. It think that many of us are concerned about the many buyers who are going to miss out on this much-needed tax rebate!

AUG

Good morning Lisa,

I thought that the timer was something that stressed the importance of buyers moving just a little bit faster because time is short and getting shorter.

BTW, could this be the question, "I keep thinking 2 lines of thought, as I watch the AR numbers increase so rapidly. 1. This isn't really a questions because it's obvious. Many people in the real estate industry just watched as more and more business was going to the bloggers who put their efforts into building their business with Web 2.0, and they finally jumped on the band wagon, not really knowing what to do, except follow. (I don't feel sorry for them) and 2. This one is a question. How many of them will really put forth the effort that's required, once they realize how many hours we put into blogging for our business, and along those same lines, how long will they stick with it?"

AUG

The deadline is certainly approaching fast and if they want to get that tax credit they do need tto act fast. For those hoping they will extend the credit, it certainly isn't looking like that is going to happen.

Good afternoon George,

I haven't looked at the clock in about a week and I was surprised at what little time there is left for buyers to act. Can you say less than 60 days?

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