The Chicago Tribune reported this note that time is running shorter than we realize with regards to the first time homebuyer tax credit.
First-Time Buyers: Hurry for $8,000 Tax Credit
It’s time to remind first-time home buyers that in order to qualify for the government’s $8,000 gift in the form of a tax credit, the deal must close by Dec. 1.
Buyers should have a purchase contract signed by early October, so they have 45 to 60 days to arrange financing and safely close the deal.
“There’s not as much sand in the hourglass as we may think,” said Jim Merrion, regional director at RE/MAX Northern Illinois.
Source: Chicago Tribune, Mary Ellen Podmolik (07/11/2009)
It’s time to get those buyers off the fence and into homes! Time to incorporate a countdown on your website today, if you have not alread done so. Drip marketing campaigns should work to incorporate this information as well.
Filed under: Buyer's Blog, Federal Homebuyers Tax Credit Running Out
Joe Capote 