Are you still sitting on the fence? The $8000 First Time Homebuyer Tax Credit Ending Soon

Real Estate Agent with The Janos Group / Real Estate Affiliates Services, Inc.

Are you still sitting on the Fence?

As many of you know the $8000 tax credit ends on December 1st, 2009 which means you MUST be fully closed on your home by November 30th, 2009, so if your still sitting on the fence waiting to buy a home you need to get busy and buy now.

I am sorry to say that I would recommend that you DO NOT waste your time looking at Short Sale Properties, if you wish to get the tax credit, as many of them can take up to two or even three months just for the banks to decide if they will accept your offer.  This may not give you enough time to get everything completed in time for you to close on your house prior to the December 1st deadline.

Remember there are many items that need to be completed in order for any closing to be completed on time, IE... all mortgage paperwork, appraisal, inspections, underwriting of mortgage, title searches, updated credit and employment checks, title work, etc.  All these items can often take 30 days or more to complete, and must be finalized in order for the closing to take place.

Homebuyers looking to get the tax credit can still look at Bank Owned Properties and "Normal Listings", and often still get those closed in time for the tax credit but you need to act NOW!

There are still rumors floating around that Congress MAY extend the tax credit but as usual with the Government, you never know, and can you afford to hold out and hope for the best?

So get busy and get off the fence and call us today.

The Janos Group
ReMax Specialists
4910 Highway 61
White Bear Lake, MN 55110
651-407-7803  Office
651-407-7804  Fax

Comments (1)

Leesa Finley
RED Properties - Wake Forest, NC
RED Properties - Raleigh NC Real Estate

Thomas - thanks for keeping this out in front of buyers!  Time is running out quickly if they want to take advantage of the $8000 tax credit!

Sep 10, 2009 02:44 AM