I don’t know about you but I procrastinate. Laundry, grocery shopping, I leave those things for future Sara to handle. So you may have been doing the same with buying a home and taking advantage of the tax credit. Well here is your warning. You are seriously almost out of time!
You probably think I’m exaggerating- after all the credit goes until the end of November. But here’s the problem. To take advantage of the credit you need to be closed on your new house by Nov 30th. CLOSED, not under contract, not looking, CLOSED. To go from making an offer to closed is at LEAST 35 DAYS. Meaning you need to find a house and make an offer no later than October 25th.
And to honest I wouldn’t leave it until the last day because you know thousands of other buyers are doing the same thing and I can guarantee appraiser and underwriters are going to get backed up, and you certainly don’t want to miss out on $8000 because you were a few days too late.
So if you are a first time buyer (or you haven’t owned a home in 3 years) hurry up and take advantage of the credit- why wouldn’t you? Wondering if buying is the right move for you? Check out this math. And once you’ve decided owning a home is for you, I’d be happy to help. Just give me a call and I’m sure we can find you a great house, get you under contract and closed with time to spare.