Although first time home buyers have until November 30th to close on their new home and take advantage fo the $8000 federal tax credit - the deadline is much closer than that. Most mortgage companies are taking longer than 60 days to close a deal after it is in contract so the dealine is weeks away - in those weeks you must identify the home you are going to purchase, negotiate a deal, get an inspection done and get contracts signed by both sides. Thought you were going to the beach this weekend? That beach trip could cost you $8000. Better go out and find that home - you will be $8000 richer if you do.
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