Well, maybe a few days after Thanksgiving, but November 30th is coming up quicker than you might think if youâ€™re in the market for a new home.
Debra, our amazing sales rep at Talavera (oh and fantastic brownie baker!), sent me a link to Trulia regarding the $8k Tax Credit from dear olâ€™ Uncle Sam.
Trulia states that if you are looking to purchase your first home, â€œyou must be signed, sealed and delivered with escrow closed by November 30thâ€. Â Considering that most home escrows take 30 days, and FHA is currently taking 60 days this could be a race to the finish.
Having recently purchased my first home, I know a check for $8,000 is going to be super helpful with repairs, and improvements (although, letâ€™s be honest, it was my money to start with right? But I digressâ€¦). Â And seriously, you will be cash poor after buying your first home, so ANY cash is good cash.
Thereâ€™s more great information about the tax credit here andÂ here.