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Real Estate Agent with Coldwell Banker C&C Properties

Buyers Rush to Beat Tax Credit Deadline

Real estate professionals report that first-time home buyers are flooding the sale market, pressed to finalize a deal before the federal government's $8,000 tax credit offer expires on Nov. 30.

Because mortgage approvals, residential inspections, and other steps in the buying process typically take about two months, buyers hoping to take advantage of the incentive will need to have a contract by the end of September.

The new flurry of activity now as house-hunters try to meet the deadline is triggering bidding wars and energizing the property market, which historically is slow at the end of summer. As a result, more homes are getting their full asking price. 

Source: Chicago Tribune, Kathleen Lynn (08/14/09)

-Chris & Maria Jeantet

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Chris and Maria Jeantet, "the real estate couple"


CALL Chris at (530) 510-0810 or Maria at (530)510-8880


Redding CA SRES Agents Certified HAFA Specialist CDPE Redding CA USAA MOVERS ADVATAGE





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William Johnson
RE/MAX Associates - San Diego, CA
San Diego Real Estate Voice, GRI CRS e-Pro CDPE

Hi Chris and Maria, There was so much talk about them increasing the amount and making it for all Buyers and extending the time through the end of next year. All of a sudden it got very quiet and I haven't heard anything about this lately.

Aug 17, 2009 11:46 PM #1
Cristal Drake
Prudential California Realty - Fullerton, CA
Realtor - Fullerton Real Estate

Not to mention the lack of inventory is making it so tough!

Aug 18, 2009 10:21 PM #2
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Chris and Maria Jeantet

Redding CA Real Estate Couple
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