An $8000 Tax credit is the WRONG reason to Rush out an Buy a Home!
Buying a home JUST to receive a Tax credit is not a very wise idea. You may find yourself at a disadvantage when negotiating the price or Terms as the “Clock is Ticking.” You may end up “settling”, “paying more than your have too” or worse yet, closing on a home with “defects” by December 1 in order to get your Tax Rebate. Then after closing you will REGRET your decision! Slow Down, Think it through and remember.....there is PLENTY of time ....Housing Affordability is the BEST it has been in over 20 YEARS!! And it is Getting BETTER! Look for the House that makes Economical sense for Today and Tomorrow! Look at the “Carrying costs” like taxes, heat cost, and short term repair items before you make the commitment.
Save a few more dollars for your down payment and/ or closing costs. Research the BEST mortgage Products available, and don’t think you Can Not or Should NOT use an FHA Loan because your credit is TOO good or you have more than the required 3.5% down payment! Did you know you can put down MORE that the 3.5% and STILL take advantage of the flexible qualifying guidelines?? If you follow a few simple guidelines your Long term Tax Credit and Benefits will be FAR more than $8000!!
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Poconos Real Estate Office
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