We are getting questions from buyers asking how much longer do they have to take advantage of the first time home buyer $8000 tax credit. They think they can wait until the end of November to close, as that is when the tax credit expires. At the Pat Wattam Team, we STRONGLY believe there will be a rush at in November, and the lenders, appraisers, underwriters and title companies will quickly bog down in, and due to the Thanksgiving holiday, many of these loans will not close in time and there will be buyers who miss out on the tax credit just because they waited to late to start the loan process.
We are recommending to our clients that they actually close on their new home by November 1!!!! We are having them all get their credit approval now, while we are shopping for homes for them, so that we can make sure that they do not miss out on the $8000.
If you are a first time home buyer and are not sure where to start, please call the Pat Wattam Team anytime and we will counsel you on the home buying steps, where to start, and make sure that YOU don't miss out on the Tax Credit.
Contact Info:
Pat Wattam 225-298-6900 sold@patwattam.com
Kyle Petersen 225-298-6901 kyle@patwattam.com
Debbie Hanna 225-298-6899 debbie@patwattam.com
Karen O'Pry 225-298-6902 karen@patwattam.com