It's NEAR!!!! A few things to keep in mind if you plan to buy a house soon (or know someone who does). First, the deadline for the First Time Home buyer Tax Incentive of $8,000 and the Repeat Home buyer Tax Incentive of $6,500 is near. You’ve got to have your home purchase under contract by the end of April 2010, and have it closed by the end of June. The clock is ticking and not much time to get a offer accepted. The closing part is not likely to be a problem if you’re buying a resale home, but if you want a new home, it may have to be a completed or close-to-complete home. Also, as expected, mortgage interest rates are starting to go up. Rates are about 0.500% higher in some cases than they were at the beginning of the year. The Fed has ended a program that helped to keep rates low and they’re starting to react. The jury is still out on the question of private investment stepping in to take the Fed’s place, but I would not count on it anytime soon.
Nothing focuses the mind like running out of time. I’d say it’s time to FOCUS, and let’s get those houses under contract! With all the Short sales out there this is no easy task, lets hope the Banks realize this and start accepting offers. The foreclosures have multiple offers on them Call me if you need a little HELP!! Linda 602-391-8246 or email AZHomes4u@gmail.com
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