As you probably know, the first time buyer credit of up to $8000 has been extended through April 30th, 2010. Additionally, home buyers that have owned and occupied their current home for five consecutive years out of the past eight can qualify for a credit of up to $6500.
REMEMBER
These tax credit incentives expire April 30, 2010. You must buy and close the sale on or before April 30, 2010
HOW MUCH TIME DOES IT TAKE TO BUY AND CLOSE?
From the time you have an accepted offer on a home, you can count on needing at least 45 days to get loan approval and get the sale closed.
THE FIRST TIME HOME BUYER MARKET IS EXTREMELY ACTIVE
Not only do we have to find the right house, we also have to out bid all the other buyers.It is not unusual to be bidding against a number of other buyers.It is not unusual to make bids on two or three houses before you are actually the high bidder.The process can take much longer than 45 days.
IF YOU WANT TO BUY AND RECEIVE THE TAX CREDITS YOU NEED TO BE ACTIVELY LOOKING FOR A HOUSE NOW.TIME IS RUNNING OUT.
Exit Realty Tri County has helped many, many home buyers get a home and qualify for the Federal tax credit.Let us help you.
