Valuable information to share with buyers and sellers.
Homebuyers wishing to take advantage of the $8,000 and $6,500 tax credits have only two shopping weekends left before the tax credits expire. In order to claim the tax credit, first-time and repeat buyers must enter into a binding contract to purchase a home no later than Friday, April 30, and close by June 30.
With only a short time left, here are some tips to help buyers meet this all-important deadline:
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Visit as many houses as possible, including weekend Open Houses and individual home showings set up by your real estate agent. This will help you find the perfect property and give you confidence that you have made an offer on the right home for you and your family.
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Get pre-approved for a mortgage. Not only will this provide you with valuable information about how much house you can afford, but once you make an offer it should be quicker to finalize your financing. With the deadline approaching, time is of the essence.
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Speak with your attorney and/or tax advisor regularly to make sure everything is on track. There are several factors that could impact a contract becoming and remaining binding, such as inspections, financing and negotiations, and regular contact can help ensure all parties are working toward a specific deadline.
