Special offer

It's Almost Midnight, Folks!

By
Real Estate Agent with Bridge Realty - Mankato

No, I don't mean the end of the world or the start of nuclear hostilities.  I mean the end of the First Time Homebuyer Tax Credit, which is set to expire December 1 of this year.

To have a realistic chance of closing in time, you need to get your home under contract (have a purchase agreement signed by both parties and in hand, that is) in the next week or so.  Banks and the appraisers working for them are going to be so busy from now on, closing times will be hard to come by.  If you aren't working with a top-notch lender, you might want to think about changing.  Or at least check in with him or her to make sure the time frame is still realistic from their point of view. 

Talk to your favorite realtor NOW.  Hopefully someone like yours truly whom you've come to trust and rely on.

Go get 'em, tiger!

Lenn Harley
Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate - Leesburg, VA
Real Estate Broker - Virginia & Maryland

Indeed.  Time is running out. 

Even if it's or some permutation of it is offered for the future, there is no assurance that rates will be as low as they are today. 

 

Oct 09, 2009 09:39 PM
Greg Anderson
Hearthstone Mortgage - Raleigh, NC
NMLS # 116211

Tick, Tick, Tick. just sent out and email to all my agents that we are at the drop dead date for putting under contract.

Oct 09, 2009 10:25 PM