
| Blog |
| Time Is Almost Up, for the $8,000 Tax Credit! |
| September 16th 2009 |
The First-Time Homebuyers Tax Credit program, that gives new homebuyers an $8,000 tax credit, is about to expire. "Wait!" you exclaim. "I've got until November 30! That's plenty of time." Well, you see, it's not plenty of time. The rules of the Tax Credit program are that you must close the purchase of your new home by November 30th - that's just 75 days from today. "See! Like I said: plenty of time," you argue. Unfortunately, these days, it takes up to 60 days - after your offer has been accepted! - to close on the purchase. Why? Several reasons:
All of these steps add up to about 60 days. You can do the math: If there are just 75 days left, 'til the tax credit program expires, and 60 of those days are tied up in the closing process, then ... YOU MUST MAKE AN ACCEPTABLE OFFER ON YOUR NEW HOME Contact me now, and let's get started! |