If you’re a first time home buyer and you’ve been on the fence about taking advantage of the government’s $8000 first time buyer credit, you may want to think fast. The expiration date is December 1, 2009. That means you better settle on or before November 30 or you will lose out.
Working backwards from November 30, and knowing that, on average, it can take 45 to 60 days to close, you have until around October 10, give or take a week to get an agreement in place and start the closing process. That’s only about 75 days, from today (July 28) to find your new home.
Feel free to contact me to discuss your options and to take advantage of this credit.
Related posts:
- Regulation Z (The “new” Act)
- New First Time Buyer Credit
- New Housing Bill signed
- Chester County Statistics for September 2009
Article by John Lauber
My name is John Lauber and I'm a Realtor in Chester County, PA. I love living and working in this area as there is so much to do here. If you have any questions feel free to contact me. I'm happy to help.
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