Are you a first time home buyer and still trying to decide if now is the right time for you to buy? Ask yourself these simple questions. Do I have a job and good credit? Do I want to be renting after December 1st and miss out on the $8,000 tax credit?
If you are going to take advantage of the $8,000 tax credit then you must close on your house by December 1st, 2009. There is no guarentee that they will extend this tax incentive.
It is not uncommon today for a house to take 45 days to close.
Good post. Too many prospective buyers are waiting on the sidelines rather than moving ahead with a home purchase. This incentive is too good to miss. Some do not know about the liberal definition of first time buyers and that it includes former home owners that have not owned in the past three years.