Time is running out...

By
Real Estate Agent with Long & Foster Real Estate Inc 610-225-7400 PA License - AB067198

Time is runing out

Time is running out rapidly if you want to take advantage of the First Time buyers Tax Credit. All our mortgage providers have been telling and warning us to get our buyers under contract by this week to make sure that their settlements can be completed no later than November 30th.

You cannot afford delays with settlement to get the credit. You must settle on or before November 30th. It is a little misleading when people talk about December 1st as that is too late and you will not qualify for the credit.

Will it be extended? Who knows, there is talk coming out of Washington this week that it will be extended and maybe even expanded to all buyers, but the safest option is to act now, get out with your buyers agent and look at properties, make sure your mortgage application documents are all in order and act now.

Posted by

If you are buying or selling on or around Tredyffrin Easttown or along the Main Line we can help you,  contact us or connect

  Twitter link  Linked in linkl our blog RSS feed of MainLineHomes Blog

Feel free to subscribe to our blog to stay up to date with our latest posts and information on the Tredyffrin Easttown and Main Line Real Estate Market. 

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
ActiveRain Community
Location:
Pennsylvania
Groups:
Chester County, PA
Delaware County, PA
Montgomery County, PA
PA Construction
Tags:
mortgages
first time buyers
tax credit
nick vandekar team
first time buyers credit
main line philadelphia

Spam prevention
Show All Comments
Rainmaker
274,221
Ron Tarvin
Residential, Investment properties, rehab projects, property management, luxury homes, new construction! - Katy, TX
Broker, Katy, Houston, Cypress 77450,77494,77095

Don't forget that November 26 and 27 are Thanksgiving holidays so you can bet it's going to get even harder to get a closing date on 11/30,  the final Monday of the month.  Better plan on being closed prior to the Holiday!

Oct 10, 2009 03:21 AM #1
Rainer
28,523
Suma Kakani
Northern IL Realtor - Keller Williams Success Realty - Prairie View, IL

Nick and Trudy, I'm surprisd to know that, there are many first time buyers out there , still on the fence.

Oct 10, 2009 03:22 AM #2
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
795,786

Nick Vandekar, 610-203-4543

Tredyffrin Easttown Realtor, Philly Main Line
Want to know more or have a question?
*
*
*
*
Spam prevention

Additional Information