Time is running out for the for first-time home buyers to take advantage of the tax credit of up to $8,000! The deadline is November 30, 2009, which means you must close on a property by that date in order to receive this credit. These days, a typical escrow closes between 35 to 45 days, but if the poperty is a short sale or foreclosure, the escrow can take as long as 90 days. Many in the industry speculate that the deadline will be extended, but no action has been taken yet, so buyers must be prepared and act soon so they don't miss out on this great opportunity.
This tax credit, combined with low mortgage interest rates and reduced home prices, makes this a great opportunity for 'first-time buyers' to buy a home. Please contact me for a consultation on how I can help you with the purchase of your home!
With Aloha,
Lisa B. Miller
For more information on this First-Time Home Buyer tax credit, please visit the IRS link here:
http://www.irs.gov/newsroom/article/0,,id=206291,00.html
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Lisa B Miller R(S)
Keller Williams Realty Maui
Cell: 808-214-8633
