109 Days and Counting Until the First Time Buyer/Seller Credit Expires!

Ok, I cannot stress this enough. If you are thinking of buying a home this year, be ware that if you want to take advantage of the $8000 first time buyer tax credit or the $6500 seller's tax credit, you MUST have a deal in escrow by April 30th and it must close by July 1st! That gives you 109 days from today. Now normally that may seem like a lot of time, but its really not. If you are not pre-approved that takes some time now a days and with the amount of inventory on that market, there are more homes to look at and that takes more time as well. Just keep in mind that if you do want to take advantage of this, be ware of your time frames. I've also included the link to the IRS website if you have more questions or need clarification, but also feel free to contact us if you need more information!

http://www.irs.gov/newsroom/article/0,,id=206291,00.html