The home buyers tax credit was expanded and extended but here are just some of the reasons you DON'T want to wait until spring to start shopping.
#1. If you wait until spring to start shopping and you find your dream home just before your time runs out you will be under a LOT of stress to get your home closed....and since no one can Guarantee that they can get a home closed in less than 30 days....is it worth the stress to wait?
#2. Interest rates WILL be going up....that's UP....they can't give loans away at these historic low levels forever...
#3. There will be more buyers in the market place as always in the spring...that means you will be competing against more people....people that want the tax credit also....and waited....till the last minute......like you did?
#4. It probably won't be the lenders fault or the Realtors fault or the title companies fault if you don't close on time to get your tax credit....and if it is? You should have started earlier?
#5. Timing the bottom, the lowest interest rate on the planet and the tax credit deadline can be suicidal....do you want to try and time all that or start now and find the home of your dreams and be in with no stress and no worries while everyone else is scrambling to get their home closed so they get their credit?
Regards,
Richard
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