First Time Home Buyers - The $8k tax credit - tick tock, tick tock.

By
Real Estate Agent with Principal Property Brokers

 Well, we are back from vacation and back to business.  So my phone is ringing off the hook with FIRST TIME HOME BUYERS!  Anxious to BUY A HOME, and use the $8,000 TAX CREDIT.  And want a DEAL.  So they want to by a SHORT SALE.  ... Yesterday I found 300 homes for one client to choose from that were fenced, (a requirement), in his price range, NOT t-111, and in the price range.  Still he wants a short sale!

WAKE UP!  the CLOCK IS TICKING ON THE TAX CREDIT.  There is a lot of misinformation regarding how long it takes (on average) to negotiate a short sale with a lender.  As a full-time real estate agent who negotiates directly with lenders to buy the houses of people who find themselves in the process of being foreclosed upon, I know exactly how long it takes -- and it isn't quick.

The time line is UNPREDICATABLE, and can run anywhere from 6-9 MONTHS.  So here is a link to an article from inside a BROKER / AGENT professional publicaton.

http://www.brokeragentsocial.com/article.php?article_id=482  "THE SHOCKING TRUTH ABOUT SHORT SALE TIMELINE!" 

When you ADD those incremental 4-6 weeks up. for each stage of the negotiating process......collectively it can be 6-9 MONTHS!

 If you want someone to filter and find a home, thats NOT a short sale, and has the criteria to match your budget, fence, deck, hot tub, or what ever else you would like to have.  YOUR AGENT, has search tools you do not find on the internet in general.  YOUR AGENT can help you find the needle in the haystack, YOUR AGENT can filter out the short sales, the substandard siding.

If YOU are looking for a home, and want to ACT NOW, ...CONTACT me, or ANY reputable agent of your choice.

http://www.FelidaHomes.com   VANCOUVERand SW WASHINGTON REAL ESTATE

 

 

 

Comments (2)

Robert Schwabe
EXP Realty - Orange Park, FL
Orange Park Real Estate

Gloria - Time is running out. I a first time home buyer wanted to buy a short sale they should have made the offer at least 4 months ago.

Sep 10, 2009 02:57 PM
Gloria Matthews
Principal Property Brokers - Vancouver, WA
MAKING CLARK COUNTY HOME

EXACTLY MY POINT..A SHORT SALE IS NOT AN OPTION....THERE ARE PLENTY OF GOOD, WELL PRICED PROPERTIES TO CHOOSE FROM THAT ARE NOT SHORT SALES...

DO NO BE LOOKING FOR A SHORT SALE AND A TAX CREDIT, TIC TOCK,

GLORIA...FIND YOUR REALTOR NOW, AND GET HELP IMMEDIATELY FINDING A WELL PRICED HOME AND ACT TODAY!

Sep 10, 2009 03:56 PM