The tax credit deadline is looming!

By
Home Stager with Inspire Realty

It's difficult to believe that we are already 10 days away from the end of January! Yes, this year too will fly by just as quickly as the last did. Many people have been thinking that they have plenty of time to take advantage of the $8000 first time home buyer tax credit and the $6500 repeat buyer tax credit, but the truth is the deadline is just around the corner! Only 100 days remain until the expiration date of the tax credit! Now with new regulations in lending, most escrow periods are 45 days from contract to closing. This leaves you with only 55 days, that's 55 days to discover your perfect home or sell your current one and make a new purchase. If those numbers aren't enough to get you moving, consider that 55 days ago was November 6, 2009. Time is passing by very quickly so if you are considering taking advantage of this rare, once-in-a-lifetime opportunity you better get going.

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april 30

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Rainer
33,717
Don Williams
Keller Williams Realty - Lewes, DE

Well, whats your opinion?  Will we still enjoy this activity going on, or will it come to an abrupt end?  We could really use the good news end of this.

Jan 21, 2010 10:19 AM #1
Rainer
105,036
Craig Richardson
National Realty - McLean, VA

I agree, it's time for buyers to get off the fence.  I'm not sure what more they're looking for before they buy!

Jan 21, 2010 10:37 AM #2
Rainer
7,263
Lia Gerke
Inspire Realty - Saratoga Springs, UT

I think that we may a slow summer and then in August and September we will be back to decent numbers again.

Feb 04, 2010 07:52 AM #3
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Rainer
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Lia Gerke

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