The closing deadline for buyers seeking to take advantage of the $8,000 first time home buyer tax credit is November 30th. Unless the tax credit gets extended, first time home buyers should plan on getting their offers accepted very soon.
We recommend giving yourself at least 45 days to beat the November 30th deadline. We're expecting lenders and title companies to be very busy over the next two months, which could lengthen the time to close. Also keep in mind the Thanksgiving holiday is November 26th, just before the deadline.
Dan Miller, Realtor, Certified Distressed Property Expert, Keller Williams Realty and DaneCountyMarket.com
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