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Closing date inportant for getting the $8000 tax credit

If you are wanting to get the $8000 tax credit don't write a contract with a closing date past November 20, 2009 or you may not be able to complete the funding part of the process completed on time. Do you thinks that a lot of first time home buyers think that they can close on November 30, 2009 and still get there new home funding before the end of that day? Maybe it will happen, but do not take the chance. Title company employees are just like everyone else; they want to be somewhere else during the Holidays and I would say many will be.

If a flood of contracts go into Escrow at the same time will your be the one that gets closed and funded before the November 30, 2009 dead line? Do not wait, get out there and make you client understand time is not on there side

Ron Pritchett, GRI, ABR

Realtor

Century 21 Judge Fite

Frisco, TX 75034

214-802-6708 cell anytime!

Posted by Ron Pritchett on 09/07/2009 08:55 AM

Comments (1)

$8000 First Time Home Buyer Tax Credit in the Real Estate Market Channel

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1 Comments on Closing date inportant for getting the $8000 tax credit

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Ron,

It's so true. There will be title companies and closing attornies all across the country who are aggravated at the lawmakers over their Thanksgiving weekend for creating a flood of emotional buyers and agents who wait until the last minute.

And, that doesn't even account for deals that just have that pesky 48 hour delay....

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