Jack be nimble, Jack better be quick if he wants to take advantage of the home buyer tax credit
By admin - Last updated: Thursday, October 1, 2009 - Save & Share - Leave a Comment
Jack and Jill need to be quick if they plan on jumping on the first time tax credit being offered as part of the Government’s efforts to revive the housing industry.
Buyers can receive up to $8,000 if they close on a home by November 30th of this year. The time required to get approved for financing, locate and view potentially suitable homes, deal with offers/counter-offers, have the necessary inspections, and process the loan leave little room for error. Add to that that the majority of the available inventory in most market areas are bank owned or short sale contingent property, slows down the process even more.
If you are serious about buying a home and want to receive the tax credit now is the time to jump!