Many buyers are procrastinators.  They see a sale ad for a local store and notice that the sale expires at 6:00 on Saturday.  So they rush in the door at 5:30.  They don't want to miss out, but put off going until the last minute.

If you are one of those buyers and think that you have until November 31st, 2009 to buy a home, you are wrong!  The November 31st deadline is the deadline to 'close' on a home.  If you start the buying process before then, but do not close until after that date, you WILL NOT receive the money.

The process to buying a home is a lengthy one.  It has become even lengthier with the many changes in lending policies and the shortages of personnel in the underwriting departments and appraisers.  It used to be that you could put an offer in on a home and close it easily within 3 weeks.  That is NOT the case any longer.

If you hope to take advantage of the FREE $8000, then you should not be putting an offer in on a home after October 15th, 2009, unless you are a professional gambler and the risk of loss gives you an adrenaline rush!  There are many steps to buying a home and with underwriters being extra meticulous in their review of a buyer and their qualifications, this process can take extra long.  The new changes in the TIL which require that the HUD forms be reviewed 4 days prior to closing has also lengthened the process. To learn what the home buying process is, click here to read about that process.

There will be many people who do wait until the last minute.  Because of that, I anticipate a shortage of staff at the mortgage companies will cause a backlog of files, making it even harder to get the file processed on time.

·         Did you know that if you are concerned about your credit, I know many lenders who can possibly help you qualify for a loan in time? 

·         Did you know that if you have not bought or owned a home in THE LAST 3 years you are considered a first time home buyer and qualify for this money? 

·         Did you also know that you DO NOT have to pay back this money like the tax incentive given out last year?

·         Did you know that you CAN get your money THIS year? 

All my qualifying buyers have already received their checks this year or have them processed and the checks are on the way.  Some will receive them just in time for Christmas shopping!!  Click here to read more about the $8,000 tax incentive.

Don’t wait any longer and possibly miss out on this great deal!  We NEVER charge buyers a fee and can help you find just the home you can afford.  We can find you a home that is equal to or less than the rent you are currently paying.  So why not buy?  Give me a call today to help you get started.  405-921-8449.

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