You Can Still Beat the Home Buyer Tax Credit Deadline!

Yes time is ticking but it is not too late if you are a determined first-time home buyer to take advantage of the $8,000 federal tax credit, which expires Nov. 30.

To identify those properties that can close by the Nov. 30th deadline for the home buyer tax credit prior to sending a lot of time viewing them, ask these important questions that aren't likely addressed in the listing. These can include:

Is there mold?
A need for extensive repairs?
Aging systems or appliances?
Troublesome neighbors?

Buyers should factor in these questions before making an offer:

How long has the property been on the market?
Have there been any price reductions?
Are there any offers written on the property?
Do the home owners need to move by a specific date?

Other recommendations include:

Obtain as much information about financing as possible so you can make an offer.

Avoid short sales as they may take longer to close.
Begin the process right away.

For more tips, contact places2love@gmail.com or 404.444.5777. Happy House Hunting!

Source: Move.com, Scott Voak (09/23/2009)