LAST CALL FOR $8,000
September 17th, 2009 by Excel TeamFile Under: General
If you’re a prospective first-time homeowner who wants to take advantage of the government’s $8,000 tax credit, we should remind you that time is running out.
Many people assume they have until the end of the calendar year to make their purchase, but the deadline for the free money is actually November 30. That means you’ve got a little more than two-and-a-half months to close on the house of your dreams (and yes, that includes new modular homes).
Whether or not you can choose a design and close on a new modular home within that timeframe is debatable, but if you’re looking at existing homes, you’d better get on the ball. Due to recent changes in the mortgage industry, it can take several weeks or months for some lenders to wrap up the entire process. If you have any questions about the timing of your efforts and the likelihood of qualifying for the tax credit, contact your local lender or real estate agent. You do already have a real estate agent, don’t you?
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