Tick, Tick!

October 7, 2009 | 103 Comments

6ALQ2ECAAJQT04CA8DBUWKCAMF7WFLCA3PBQW8CA81SM6NCA22RQVWCANLDVF9CARYAQ5VCACDB16ECAMBBLE3CA39EGXJCA3SW2SQCAX2X2ULCABYJVKBCAI95I7QCAKS8LN3CAAN1LSFCAYPR4GAThe days of benefitting from the $8,000 first-time homebuyer tax credit are slipping away.

“Most first-time homebuyers understand that time is running out. Now they need to understand how little time is left to get into action” says Jay Papasan of Keller Williams Realty.

In the current market it takes 45-60 days to close on a home from the time of a ratified or accepted offer. Buyers should have their offers accepted no later than mid-October if they are trying to make the November 30th deadline.

NAR estimates that the $8,000 tax credit has generated 350,000 home sales this year.

Source: www.msn.realestate.com


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