Time is Running Out For First Time Home Buyers

Posted on March 9, 2010. Filed under: First Time Buyer help, Making Life Easier, Orange County Real Estate | Tags: , |

Procrastinators Beware: You Could Be Losing Up to $8 Thousand

April 30 – that’s when it’s all over, people. You’ve gotta be in escrow by that date in order to qualify for the extended first time home buyer’s tax credit. It all boils down to this: get your home purchase contract in the pipeline by the deadline, or forefeit up to $8,000.00 in tax credits. Poof! Gone! Hasta la Vista, baby! And time won’t make an exception for you. It’s slippin’ away. You’ve got about seven weeks to get it in gear. On your mark, get set, go! 

But if this time crunch isn’t enough to propel you into a mad dash worthy of an Olympian champ, consider this – the deal has to close within two months of the April 30 deadline. In calendar time, the whole thing has to be signed, sealed, and delivered by June 30. If not, say good-bye to your chance to put up to 8k in your pockets.

True, in a grand show of governmental largesse, Uncle Sam already has extended the tax credit one glorious time. But if you’re sitting on your big sofas waiting for this generous act to repeat itself, make sure your crystal ball is in full working order. Because if you don’t have one of these handy devices, there’s no telling what our friends in Washington will do. So unless you’re prepared to risk 8k on a hunch, it’s best to spring into buyer mode now.

If you’re a first time home buyer, the government is offering you a great way to save up $8 thousand. But the offer won’t be on the table much longer. If you’d like to learn more about benefiting from this generous first time home buyer tax credit before it vanishes, I’m ready to help. Just contact me at 949.338.7408 or angie@askangie.com. Or follow me @AngieWeeks or @WeeksTeam.

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    Orange County, CA Real Estate for hip first-time buyers and investors. Plus, fun things to know and do in OC.

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