First Time Home Buyers need to ACT NOW!

By
Real Estate Sales Representative with Keller Williams Realty, Spartanburg, SC

The announcement made this week (5/13/09), that the $8,000 Tax Credit can be used for down payment and closing cost is a real incentive for first time home buyers.  Most first time home buyers have trouble getting the money for a down payment and now that barrier has been removed.

The program is scheduled to end December 1, 2009 so first time home buyers need to begin the process now as it will take some time to find and purchase their new home.

•·         Obtaining financing qualifications                                  1 week

•·         Finding their next home                                               2-3 weeks

•·         Negotiating agreement, price and terms                         2 weeks

•·         Repairs                                                                      2-4 weeks

•·         Final Loan Approval                                                     2-4 weeks

•·         Closing                                                                      FINALLY!

It could take 3 months or more for the process from beginning to end and if purchasing new construction it could take even longer for the builder to complete the home.

Also, don't wait until the last minute.  Many closings are held up a day or more with paperwork, so scheduling your closing no later than November 25th (Thanksgiving is the 26th) to make sure you close before the program ends.

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Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Dennis Gardner 05/24/2009 06:40 AM
Topic:
Home Buying
Location:
South Carolina Spartanburg County Spartanburg
Tags:
8000 first time home buyer credit
spartanburg south carolina real estate
spartanburg south carolina realtor

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Anonymous
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dan murphy

looking for twnhse on or near river falls golf course,bdrm,2bth,one leevel dan

August 17, 2009 04:37 PM #1
Rainer
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Yvette & Dennis Gardner
Keller Williams Realty, Spartanburg, SC - Spartanburg, SC

Hi Dan,  We can help you locate a townhouse in or near River Falls but we have no way to get in touch with you.  Please either call or e-mail.  864-641-5859 or ygardner@homesintheupstate.net

Thanks!

 

August 17, 2009 05:55 PM #2
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chares wray

I reant all my live now is the time to own my home   thank you

September 22, 2009 05:22 PM #3
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Rainer
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Yvette & Dennis Gardner

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