Most of the Fort Worth/Tarrant County public has been aware that the $8000 tax credit would not last forever....and that time line is nearing an end. Many changes are on the horizon which simply means that buyers and sellers must know what they are and act soon to take full advantage.
FHA guidlines are getting ready to change to a maximum of a 3% sellers contribution to a buyer. That change may take effect as early as April 3, but the date is not set just yet. April 3 is the last date that has been mentioned.
The 8K tax credit for homebuyers who qualify is over on April 30. This means that contracts should be written well in advance of that date with a closing date NO LATER than June to be sure of being "grandfathered" for that credit.
I am talking hard and fast to my buyers who want this one time (we think) tax break on their home purchase. Fence sitters need to jump off the fence and put in the time to get the home and have the credit. It will really mean a lot to any buyer in any price range.
If you are a buyer in Tarrant County and are not on a solid plan to find your home...I am happy to refer you to my website: www.diannearnette.com where you can search the most current MLS listings. Don't wait, this is an opportunity that is significant.