$8,000 Tax Credit Ending Soon!

As the saying goes” all good things must come to an
end”. Well, this is just a
reminder that the $8,000 tax credit will be over before you know it. Just to
review, according to the IRS you must settle by November 30,2009. Just to be
100% clear, to get the $8,000 you must be at the closing table signing on the
dotted line by November 30^th. This means you have to do a little
backwards math to ensure you get your tax credit.

Here is what I would suggest, currently if you are a first
time home buyer trying to buy a sub $300,000 house in the Leesburg, Ashburn, or
just about anywhere in Loudoun County area you will have major competition. I
would plan on at least a 60-day house search and at least 3 good offers (unless
you still think this is a buyers market in which case plan on 8-10 offers and 3
buyer Realtors) before you win one. You must also take into consideration that
it will take 30-45 days to close (if there are no issues). This time frame does not take into consideration
Short Sales. If you are reading this and you want to buy a Short Sale you are
most likely too late to take advantage of the Tax Credit!

So let’s review, we are now running into September add 60
days to find a home and another 30 days to close and you get November (give or
take a day or two).

The only question now is are you ready to buy? If you are
call or email me now and let’s get started!

Take Care,

Chuck