Will there be a rush to submit offers and close on homes before the tax credit deadline?
The deadline is to close by November 30 in order to take advantage of the Government's first time home buyer tax credit of up to $8,000. It is possible that as the news media, mortgage lenders, and real estate agents continue to spread the word of the pending end to the credit, potential home buyers will rush to take advantage of the opportunity.
Of course time to get qualified, find a house, make an offer and get the offer accepted is getting short. With the Florida listing inventory consisting largely of short sale and REO homes for sale, the time to close on a home is delayed even further by the often time consuming process required to buy one of these listings.
My suggestion is to not delay. If you are serious about buying a home and want to receive the tax credit you should start now in order to beat the rush!
Photo credit: James Cridland
Related Florida real estate views
:
No comments:
Post a Comment