savvy buyers: Home Buyers Seeking Tax Credit Shoud Start Early
- 11/22/09 02:48 AM
Recently a first-time home buyer asked me to recommend an optimal deadline for taking advantage of the extended tax credit. Although April 30, 2010, the deadline for both first-time and repeat home buyers to have an executed sales contract in place, this gentleman's question was very timely. Pausing for a moment, I responded that, if I were looking for the best home at the best price, I would begin taking measures to begin the process by mid-December. The logic behind my reply derives from the ever-changing mortgage funding guidelines and procedures which can be especially tricky for folks who have never purchased a home. (5 comments)
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