Virtually everyone in the country has heard the Federal Government has been giving away free money not only to corporations but first time home buyers as well. As with all things an end of time will come and the $8000 dollar tax credit for first time home buyers is scheduled to end on November 30th of 2009. If you have not owned a home for the past three years you can qualify for this credit but time is running out quickly.
Many home buyers have taken advantage of the credit to purchase a home in Murrieta, Temecula and Menifee California. Some of them amended their 2008 Federal tax returns and received their check already for the full $8000 dollars to spend as they chose with no strings attached. What a deal!!!!! Some actually put it into their savings accounts to build up the nest egg all of us need.
Procrastinators beware as you must close escrow on your home by November 30th or lose out on the credit. There has been talk the credit may be extended but that is anyone's guess but for now it's a sure thing and there are only 73 days left to close escrow to qualify. With it now taking on average 45 days to close escrow on a home in Murrieta that only leaves 28 shopping days to find a home, get your offer accepted, and get it into escrow to close on time to qualify. This is cutting it close.
You still have time to make it happen but now is the time to run, not walk, to an experienced Realtor to help you. All Real Estate is local so find a local Realtor who knows the area and the market to find the home that fits your needs and desires. Be sure to listen to the advice you receive from your agent as afterall we are here to help you achieve your dreams and goals of owning your own home.
In the words of that wise ole sage Snuffy Smith " Times A Wastin" so get started today!!!!!!!
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