Thursday, October 1, 2009

Federal tax credit for 1st time homebuyer's soon to expire

Buyers should commit soon if they want to get that federal's $8,000 first-time homebuyer tax credit.
November 30 is the scheduled date that this tax credit is due to expire. Since the majority of escrows are taking 45 to 60 days to complete, the window of opportunity is narrowing down fast.
Although the real estate industry is trying to get the tax credit extended, we do not know if his will happen.
The California Association of Realtors issued survey results stating that 40 percent of first-time buyers would have sat it out this year if they hadn't been promised the $8,000 credit.
So if you are one of the many who are debating whether now is a good time to buy your first home, the answer is YES!
With our teams's combined knowledge, experience and perserverance, Jeff Kaut & Associates team can find the perfect home for you.
Contact us today, jeffkautreteam@yahoo.com or

916-505-7355
DRE #01086297