The time is running out when it comes to receiving money from the American Recovery and Reinvestment Act of 2009. You may be unaware that the home must be closed and funded by the end of November. That means that if you a first time buyer and are thinking of purchasing now to take advantage of the tax credit you had better get a move on.
With new appraisal guidelines and stricter loan processes it can often times take 45 days from contract to close. That will give you a fair amount of time to shop and still put in an offer by mid September and still be OK.
Click here for a comprehensive list of the American Recovery and Reinvestment Act of 2009 guidelines.
Check out our buyer resources page and or search page to see what is out there. It truly is a great time to buy a home and the tax incentive may be a once in a lifetime chance as well.
Feel free to contact us with any questions. Email is great and you can always call our office.