Have you heard about the first time home buyer tax credit that is available? My phone has been ringing off the hook with first time home buyers wanting to take advantage of this $8,000 gift from the government.
If you want to take advantage of this opportunity, you need to hurry. The deadline for closing on a home and qualifying for the tax credit is December 1, 2009.
So when should you start to have plenty of time? Right now would be a great time to get started. It can take anywhere from a week to a month or more to find you the right home. Then you should allow about 4-6 weeks to close. This will give us plenty of time to look at homes, choose the very best, negotiate a fantastic deal for you, have inspections completed, and get your loan processed.
Want to know more about the details of the first time home buyer tax credit? Check out the article below.
Get Another $8,000 Off Your First Home
One more thing. If you are thinking about waiting, here are a few reasons not to. If something happens and you cannot close on the home you choose, it would be nice to have a shot at selecting another one. Also, interest rates will most likely move up. A 1% increase in interest rate on a $200,000 purchase is $128 per month increase in the payment.
Ready to get started? Give me a call at 919-602-7000 to schedule an appointment.
Want to look online first? Here’s a link to search homes for sale online.
Whatever you do, don’t miss out on the first time home buyer tax credit!
