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Home Buyer Tax Credit Countdown is Here!

By
Real Estate Agent with Century 21 Nortrh East

The first-time home buyers tax credit ends November 30th. Is it possible to buy in the next two weeks and still close in time to collect it?

Scheduled to end on December 1st, the time is running short to get your FREE CASH.  The demand is going to be huge and the process is likely to take longer than usual.  

But is NOT too late!  In order to receive this credit, you must get moving!  To guarantee you don't miss out, do your best to aim for these dates:

  1. Try to Close by November 15th.  Thanksgiving is at the end of November and will cause additional delays.  There will be much less stress if you aim to close before the holidays.  Those who wait until the end of November could find themselves losing out on the credit.
  2. Complete Due Diligence by November 1st. This means all your inspections, appraisals, title review, and MORTGAGE PAPERWORK needs to be complete by this time.
  3. Under Contract by October 15th.  You need to have a home picked out and under contract by this date.  If you delay beyond this date, you may find the rest of your time line rather challenging.
  4. Start Your Home Search NOW.  Give yourself a few weeks to search for the perfect home.  It can be done quicker, but it may be very challenging.

So, get moving before it's too late!  There is still time!

Karen Fiddler, Broker/Owner
Karen Parsons-Fiddler, Broker 949-510-2395 - Mission Viejo, CA
Orange County & Lake Arrowhead, CA (949)510-2395

I keep hearing that it was extended to December 31st? no? I'm trying to confirm this....

Sep 05, 2009 03:55 AM
Cristina McBreairty
Century 21 Nortrh East - Windham, ME
Realtor, CDPE, SFR

From what I understand, there has been a lot of discussion about extending it, but it has not happened yet.  I am recommending to my clients that they do not count on it.

Sep 05, 2009 05:03 AM