The Clock is ticking for Charlottesville VA first time homebuyers and time is running out to take advantage of the $8,000 Tax Credit.

Do any of you remember Peter Pan and the crocodile that had swallowed the clock and constantly followed Captain Hook.  He could hear the loud tick tock that warned of the approach of his nemesis, the croc.  Well first time homebuyers need to heed to tick tock of their own clock.

Most Charlottesville VA first time homebuyers realize that the tax credit runs out on November 30, but they do not really understand what this means as far as their homebuying timeline.  In the current market everything is taking longer and delays are common.  To be safe the property should be undercontract by September 30; a great many contracts, particularly those using FHA financing are taking 60 days to obtain loan approval and close.  With a conventional loan 45 days may be sufficient.

$8000 is a significant amout of cash and for many first time homebuyers that $8,000 may mean the difference in being able to afford their home purchase or not.  There is a large selection of Charlottesville VA homes for sale that are perfect for the first time homebuyer, interest rates are low and there is still time, if you act now, to take advantage of the $8,000 tax credit.

Contact Pam Dent, e-PRO, SRES, NHD, REALTOR®, Real Estate III, Charlottesville, Virginia at 434 960-0161 to buy a property in the following areas in Central Virginia: Charlottesville, Albemarle County, Keswick, Glenmore, Ivy, Crozet, Earlysville, Free Union, Cismont, Scottsville, Fluvanna County, Palmyra, Lake Monticello, Louisa County, Louisa, Mineral, Spring Creek, Orange County, Gordonsville, Orange, Barboursville, Greene County, Ruckersville.  Email Pam Dent.

  View all of the Charlottesville Virginia homes for sale.

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Copyright © 2009 by Pam Dent, all rights reserved, "The Clock Is Ticking For Charlottesville VA First Time Homebuyers".