First-time home buyers have just 12 weeks to find and close on a home to qualify for the $8,000 Federal Tax credit before the November 30th deadline.
Don't miss out. Here's what you need to do:
- Start your search today. You can search for all homes in the Beaumont MLS here on the blog. Click the interactive map to begin searching.
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Get pre-qualified. Know how much you can afford to spend on a home before you spend precious time driving around looking at homes. Need a good lender, call me.
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Don't waste time. Its taking most lenders about 45 days to process a loan application and get full approval. That means if you haven't found a home by mid-October you might not be able to close by the November 30th deadline.
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Do a little homework. Read up on the Tax Credit . RISMedia posted an informative article yesterday that gives some helpful tips.
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Print a copy of IRS form 5405 to apply for the first-time buyer tax credit.
It's not that often you will find the government giving away $8,000. If you are able to take advantage of this opportunity you will be buying a home when home affordability is at its highest level in 28 years. You will be taking a huge step forward in building your future wealth. As the old saying goes "Buy when prices are low, sell when prices are high." Just don't let time run out.
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