This is just a reminder to all potential homebuyers and investors about the Home Buyer Tax Credit.
You must have a signed contract by April 30th 2010 and closed on your home by June 30th 2010.
Here is the timeline for a typical home buyer in our market so you can be prepared.
Pre-Approval Process: 24 to 48 hours
Shopping for a home and having your contract accepted: 30-60 days
Loan Underwriting and Closing: 30-45 days
As you can tell by our timelines the total process can take well over three months.
If you want to buy a house and need financing the time to start the home buying process is February 1st or even better TODAY.
This gives you enough time to get the home you want and close your loan on time.
With whole country trying to close their loan before the June 30th deadline to take advantage of the amazing tax credit you don’t want to be stuck in the middle of that log jam!
Let’s get started today! Use our Free Purchasse Assistant to start the pre-approval process.
Click Here to get Pre-Approved!
There are now two different tax credits available for home buyers.
The original tax credit is the First Time Home Buyer Tax Credit and you can receive a tax credit up to 10% of the sales price or $8,000 whichever is less.
Click Here to learn more: First Time Home Buyer Tax Credit
The newest Tax Credit is for Move Up/ Repeat Home Buyers. You can receive up to 10% of the sales price or $6,500, whichever is less.
Click here to learn more: Move up/Repeat Home Buyer Tax Credit
Hope this helps you make an informed decision and please call me with any questions or concerns.
You can reach me at 239-437-4278 ext 11 or on my cell phone at 239-910-5668.
Good Luck!
Tim Hart
