56 Days and Counting for First Time Home Buyers!
October 5th, 2009
Although there has been discussion of extending the $8000 tax credit to new home buyers by the November 30, 2009 deadline, it hasn’t happened yet! Don’t wait thinking this great opportunity will be extended. It may not and you’d hate to be on the sidelines full of regrets over that lost $8000.
In addition, a home purchase takes more time to put together than say purchasing a car. On the phenomenally successful Cash for Clunkers program, you could drive on the lot with your clunker of a car and drive off the lot with your new car. Purchasing a home requires a bit more time. 
Most lenders are requiring a full 45 days before a closing can be scheduled, and increasingly we have seen delays past the 45 day time frame. As we are already at the first of October, this opportunity to participate is passing new home buyers by! We are at 56 days and counting! Call your Realtor® today, and begin the process for purchasing your new home!
As an aside, if you already have taken advantage of this $8000 tax credit, you can amend your 2008 income tax and receive your credit this year within 8-10 weeks after closing.
Posted by:
Carol-Jean Dixon
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