FAQ: How Soon Do I Need To Write an Offer if I want the $8000 Tax Credit?

Thinking of using the $8000 tax credit? Time is running out! The media is pushing hard to let everyone know that the deadline for closing on a home is November 30, 2009 if you plan on using the $8000 tax incentive. But you need to know there is a PROCESS!

CLOSING TAKES TIME

To be sure you allow for enough time for the closing process (think processing your loan & clearing title and abstracting). Right now we are writing offers for FHA approved buyers with a minimum of 45 days for closing. If you closed November 30th, you would need to have your offer ACCEPTED by October 16, 2009. You also need to give your self a few days for negotiating your offer. So, by my count, you would need to write your offer by October 14th. That's only 41 days from now!

GET OUT THERE!

There is a good supply of first time homes available out there! Get out there, have fun, and enjoy! Have more questions? There are definitely more answers. Feel free to connect with me via Facebook, Twitter, Text, Email, or by cell. I’m happy to help. asalmon@firstrealtyhomes.com Photo credit: josterpl