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First Time Buyer Tax Credit; Okay…I’m going to keep hammering this one home until the very end. …it’s THAT important!

The $8000.00 First time home buyer tax credit is set to expire on Nov 30th, 2009. This is the date you will need to CLOSE ESCROW if you wish to claim the credit. With escrows taking at least 30 days to close…and often more, you should have an accepted offer in escrow no later than October 30th , 2009…and that’s pushing it. With many escrows taking 45 days to close, the best scenario is to get an accepted offer into escrow by October 15th. Yikes! That means you have just a few weeks to find a home and more importantly (and more challenging) to get an offer accepted amongst the flurry of competition from other buyers doing the same thing. We are currently averaging 10-20 rejected offers for every accepted offer….those are terrible odds.  If you have NOT owned a home in the last 3 years and meet the income guideline, you qualify. 

Remember,  this is an actual credit off your taxes owed….if you owe no taxes you get the full credit straight into your pocket!

If you’d like to take advantage of this tax credit, some great rates, and the improved affordability of homes be sure to give us a call ASAP….times a wastin’

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