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Time Running out for First Time Homebuyers Credit

To get the $8,000 first time homebuyers credit you need to close escrow by December 1st. That’s 99 days from now. With the new appraisal law you’ll want to make sure you leave enough time for escrow to close. Allocating 60 days to escrow to be safe means you have 39 days to get an accepted offer on a home. But try not to cut it close since you may find something during your inspections that may mean you don’t want that house. Make sure to jump on scheduling the inspections when you get an accepted offer and escrow opens.

Written by Keith Byrd - Go to Keith's Website/Profile