Short sales are out

If you want to still grab the first time home buyer tax credit in Michigan you don't have time for a short sale. Short sales usually take any where from 2 to 6 months to complete here in the Metro Detroit real estate market.

Unfortunately we only have 30 days to get a signed purchase agreement. Sure we can get the purchase agreement signed by the the seller. They will sign anything to get out from under the money they owe the bank. But the bank is going to take at least 2 months to ok the sale. And that's the minimum amount of time. It could take six months.

So if you want the $8000 first time home buyer tax credit don't get involved with a short sale right now. If you are looking for a home right away give me a call or email me and I'll try to help you out.

Russ Ravary your Metro Detroit real estate agent

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