First time buyers the clock is ticking…FAST!

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Today is August 7, 2009 the deadline for first time buyers to take advantage of the Tax Credit, no make that a Gift of up to $8,000.00 is December 1, 2009, ok so what’s the rush you’ve got 115 days, plenty of time to put that off right?

Wrong! Think about it, let’s say it takes 30 days to find the right house, then 5 days to negotiate the deal, then another 30 days to do the inspections, finalize the loan and closing preparations and that is a pretty “perfect” picture not considering anything going wrong, what if the building inspection reveals some serious items that can’t be resolved, or a title issue comes up that will take time to get corrected or any number of things that might go wrong, but in the “perfect scenario” it only leaves you 50 days of room to be able to qualify for the Tax credit, why not stop putting it off and take advantage of this gift/opportunity you have? Are you unsure about how it works, did you know that if you have not owned a home for the past 2 years you might qualify as a first time homebuyer. Remember in a perfect real estate deal and from the day this is written October 11, 2009 is the drop dead date to be able to take advantage of this and October 11 will be here before you know it. In the Greater St louis Area get started at www.buyahomeinchesterfield.com