$8,000 Tax Credit Expires Sooner Than You Think!

First time homebuyers are running out of time to take advantage of the $8,000.00 tax credit the government is offering. (This means all of you who have not owned a home in three years)

And if you stay in your home for three years, you don't even have to pay it back!

This once in a lifetime offer expires on December 1, 2009, which means you MUST CLOSE ON YOUR NEW HOME by November 30, 2009!

I know what you are saying, you're saying Sheryl, thats more than 4 months away, I have plenty of time. Well, no you don't. First of all, if you are interested in buying a short sale, you need to be under agreement now or else chances are you will not have approval in time to close in November. Secondly, there are multiple offers on well priced foreclosed homes. We have seen buyers lose out on many deals because they were out bid. It can easily take a couple of months to find the right home. And lastly, it now takes an average of 45 days to get a home closed (providing there are no last minute glitches).

So, now you can see that you really only have a few weeks to find your dream home and take advantage of the $8,000.00 tax credit.

To see all homes in Brevard County go to: http://sthomson.servingbrevard.com