The first-time buyer tax credit is set to expire on November 30, 2009. New buyers in the real estate market can get up to an $8000 credit on their tax bill if they buy a home this year and CLOSE ESCROW by the end of November.
With the longer time frames on loans that means, you better scramble and buy something this week, (less time needed for all-cash buyers). There are a lot of buyers expected to make their offers this week to ensure time to close, but with the Thanksgiving holiday in there, don't wait. Talk with your REALTOR now about this stimulus program to see if you qualify.
www.JenniferListings.com
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