Don’t forget, the end of November makes the close of the firs time home buyer’s $8,000 tax incentive offer. As a National Association of Realtors, we are pushing to extend this deadline making this amazing offer avail. to move folks. . .also, there’s a push to extend the offer to repeat buyers AND to increase the amount from $8,000 to %16,000 but baby steps, it would be nice just to extend the intial offer.
If you’re in the market for a home, rates are at amazing FIXED rates (my last few buyers have been securing loans around 5% and 5.25% for 30 years with no down payment) and if you close by Thanksgiving, you qualify for the first time home buyer tax credit. . .closings are taking a little longer these days as new settlement statements are rolling out so plan on 30-45 days rather than an overly optimistic 30 to get the deal done.