1/3 of the homes sold in July (nationally) were first time home buyers taking advantage of the $8000 tax credit (literally free money) incentive being offered by Uncle Sam.
Tic Tic. The program is over November 30th, and with the major banks telling us that it is taking 45 days to close after a contract has been agreed to, First Time Buyers better get on the stick and start shopping NOW.
Basically, you need to be under contract by October 15th to take advantage of the "must close by Nov. 30" deadline.
There is no better time to purchase than today (IMO). I have not seen a better combination of inventory, willing (motivated, even desperate) sellers, interest rates which keep bouncing off the 5% level for a 30 year fixed interest conventional loan, and incentives (FREE $8000 for some) than I am seeing today.
WHAT IN THE HELLo ARE YOU GUYS WAITING FOR? GET IN TOUCH WITH A REALTOR WHO YOU HAVE CONFIDENCE IN. GET SHOPPING!... OR SNOOZE AND LOSE!
50 Days and Counting Down... TICK TICK TICK
Wednesday, August 26, 2009
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