Wednesday, March 10, 2010

Six More Weeks

March 10, 2010


Just a little over six weeks and the tax credits available from the federal government will be history. This credit has been available for first time homebuyers who purchased a home after November 1, 2009 and before May 1, 2010. However, purchases subject to a binding sales contract that was signed before April 30, 2010 will also qualify if the closing occur by June 30, 2010.


If you checked my post of yesterday, it is obvious that there are many properties available that would be eligible for FHA financing with as little as 3.5% down payment. The interest rates at the terms currently in effect are also favorable for buyers.


If you seriously want to purchase a home in the next six weeks, find yourself a real estate agent and set aside a day or two to really view the current listings. The Internet is a good search tool, but to really find a home that suits your lifestyle, nothing beats actually taking a walk through the home. Open houses may be helpful, but frequently properties that are new to the market are never shown at open houses. The conscientious buyers have an agent looking for them and alerting them of new listings.


This $8,000 tax credit may never occur again. If you want a home of your own, pick up the phone and connect with a real live real estate agent!

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