A Brief Look at the First-Time Home Buyer Tax Credit
Did you know that you may qualify for up to $8000 tax
credit when you buy a home?
Watch the video below for the exciting details!
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Reasons to Buy Real Estate Before the End of this Year |
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Time is Running Out to Decide if You Will Take Advantage for the First Time Buyer's Credit
Though many buyers are waiting to enter the market, first time homebuyers will soon be running out of time to get the $8000 tax credit. In order to take advantage of this offer the home purchase must CLOSE by December 1st. Just having a loan approval or an accepted contract on a home you want to buy won't cut it!
Timeline for Making Your Decision
While each home purchase is unique, closing on a home does not happen quickly. On the average it takes about 30-60 days after the date that the contract is signed. So for you to meet the December 1st deadline, you would have to have a signing date in late September or early October.
If you have not yet gotten preapproved with a lender now is the time to act and position yourself. If you are like most people you have the most time to look at property on the weekends. Take out your calendar and see how many weekends remain until the deadline ... you might be surprised!
Low interest rates combined with lower prices makes this a wonderful time to be a Buyer! Call us if the time is right for you!
For Real Estate Information:
Contact: Mark and Alexis Richert
Phone: 636-386-0659 or 800-489-0039
Fax: 636-386-2868
Email: mark@findinghomesforyou.com
Postal Address:
Finding Homes for You 14163 Clayton Road Town and Country, MO 6301
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