Time is Running Out For The 8000k First Time Home Buyers Tax Credit!

The last couple of "first time home buyers" that have contacted me did not really understand that they don't have until December 1, 2009 to take advantage of this potential 10% discount on a home. If they buy a $80,000 home they could get up to a $8,000 tax credit on that purchase.

In our area most lenders are recommending that we give everyone 45-50 days to "CLOSE" the purchase. If we figure 30 days per month and subtract 50 days from November 30, we end up with the first week of October as the "beginning of the end". If buyers have not submitted an offer to buy a home and started the loan process and the inspection process, there is a strong possibility that they won't be able to close by November 30. It's my understanding as of today this program will end and there is no extenstion at this time.

I know we are all being bombarded by "Cash for Clunkers" and "Health Care Reform" but I really don't think the potental market for the $8000k tax credit understand time is running out.

There is a video clip on my website www.CherryPointRelocation.com that discusses the end of the tax credit and how to plan for action now. Military families using VA loans need to act now as well.

I commend the goverments effort to inform the public about the switch to digital TV from analog, remember how many ads you saw about the dead line? Where is the urgency from the media, the goverment and the REALTORS about our deadline?

Let's let everyone know, that time is indeed short!