If you haven’t seen it on the news, then you need to be aware that the deadline for first time homebuyers to take advantage of the 2009 Federal Tax Credit of $8,000 is fast approaching. You MUST actually close on your transaction by Friday, November 30th 2009! And since most transactions are taking 45 – 60 days to close, you would have to have an accepted contract by October 15th at the very latest.
So for those of you who have been procrastinating you need to get moving! It could potentially take over 30 days to even find a home…there is a mad rush for lower priced homes and the inventory of properties that meet minimal property standards is very low. I can’t stress enough the fact that if you wait until November…or even the first of October, it will be too late. If you need additional information or tips on how to get approved for financing…contact me at Lourie@LourieFleet.com.
