Hey kids.  Just a quick reminder.  The $8,000 first time home buyer tax credit is set to expire this November.  Keep in mind that it isn’t enough to have a home under contract by the end of November:

The home needs to have closed by November 30th.

If you have a contract on a home that is set to close in December, you will be out of luck.

Also keep in mind that for FHA financing, which is currently the most common loan type, closing is frequently taking longer then the traditional 30 days.  So considering it is now the second week of September, if you are hoping to take advantage of the first time home buyer tax credit, you should be aiming to be under contract on your first home in the next few weeks. 

Give me a call today if you want to get started on the process.

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Rob Graham, Home Buying Specialist

Windermere Real Estate

206-321-6349

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