First time homebuyer tax credit coming to an end!

The new tax credit for first time homebuyers will end if you have not purchased a "first time home" by Dec 1, 2009.

Here is a link to the National Association of Realtors website that has an excellent article describing who would be considered a first time homebuyer and the guidelines for the program.

I keep hearing people say that the tax credit will be extended beyond Dec 1, 2009 but I do not believe that will happen. The president has his focus on passing a healthcare bill and neither he nor the democratically controlled congress have any interest in addressing the tax credit.

With this being said, now is the time to act. If you have been sitting on the fence about purchasing a home, now is the time to jump down(don't climb-will take too long) and start looking for your house. if you find one tomorrow and put it under contract, some of these loans are taking 60 days to close and that would put you into November. Not much room for comfort is it?

My staff and I are ready now to help you find that "perfect home". Don't wait because it will be too late!