Posted by: Brian Powers | September 1, 2009

First Time Home Buyers Tax Credit – There’s Still Time, but Time is Running Out!

Hard to believe that it’s September already. Most people know about the $8000 First Time Home Buyers Tax Credit that expires December 1 of this year. That’s just 3 months from now. And for those of you thinking December 1 is a long ways away, just think how quickly September snuck up on us.

A point of clarification, you must close on your new home by December 1.  That means in order to leave enough time to get to the closing table you really need to have an offer in place and accepted no later than October 15. That leaves 45 days to get to the closing table and navigate the many hoops we now have to jump through to make a deal happen.  October 15 is only a month and a half away.  That’s not a long time!

We still have time to find a wonderful home, at a great price, with a low mortgage interest rate.  But we don’t have time to put it off any longer. If you, or anyone you know is on the fence about buying their first home, the time has come to act. Please call me and lets put a plan in place to put you on the path to home ownership!

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