With the extensive media coverage regarding the fast approaching deadline for the $8,000 Tax Credit for first time homebuyers, I am surprised that many people are still sitting on the fence. There are rumors that the credit will be extended and possibly increased, but those are still just rumors.
With the volume of loans being processed and the extended time it now takes to get a transaction closed, buyers who want to take advantage of this incredible opportunity need to be under contract within the next couple of weeks to be assured of closing prior to the deadline.
Sellers should also take notice. If your home is in the range of first time homebuyers and you are even slightly over-priced, you may be shutting yourself out of this wonderful buyer pool. Talk to your broker to position your home to SELL.
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