Is time running out for the first time homebuyer tax credit?
Today is August 10th and the $8,000 tax credit has certainly helped create opportunities for home sales. The current program as I read it says that in order to take advantage of this program you have to close on the home by December 1st, 2009. I have heard rumors that extending the program or making it available for more people, and raising the benefits are being talked around congress but for now we have a deadline. This brings up the issue of how many more people qualify for the program but have yet to take advantage of it. Why would anyone not take advantage would be a better question. The government says if you are a first time home buyer that they will give you up to $8,000 back once you purchase a home. It does snot have to be paid back and an application will get the process started. It would be my suggestion for all first time home buyers to get started as time is slipping away. If you plan to buy in the next year you need to make sure that now is not better than next year.
You can visit www.realtorsforlifeteam.com and start your free search today or contact us and we can discuss what is best for your individual situation. The decision is yours but $8,000 is waiting on you.