Time is Running Out to Take Advantage of the 8K Tax Credit

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Real Estate Agent with America's 1st Choice RH Realty Co., Inc.

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Time is Running Out to Take Advantage of the 8K Tax Credit

Many "First-Time Home Buyers" have taken advantage of the $8,000.00 tax credit available to them under the American Recovery and Reinvestment Act. 

For many other "First-Time Home Buyers," however, time is running out.  The law requires that a home must be purchased and closed on a principal residence before December 1, 2009.

The Key point to remember is that you must close before December 1, 2009.

 Keep in mind that many transactions take between 45 and 60 days to close.  In order to take advantage of the tax credit a prospective buyer will have to make their decision to purchase by the beginning or middle (at the latest) of October. 

Historically low interest rates, affordable housing, and the $8,000.00 tax credit for "first-time home buyers" makes now the best time to buy.

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Rainmaker
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William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Morning Jon...it is hard to believe how many people are still sitting on the fence!

Aug 28, 2009 11:04 PM #1
Rainer
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Brian Griffis
Realty Choice - Springfield, MO

And remember, they have to close to get the credit.  So, time is shorter than you think.

Sep 01, 2009 03:04 AM #2
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Jon Wnoroski

Summit County Realtor
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