As the football season reaches the quarter post, I could think of no better analogy for the next 2 weeks for 1st time home buyers to qualify for their $8,000 tax credit then the final 2-minutes of a football game.
There is a perception out there that you have until Nov. 30th to find your home. That simply is not the case you actually have to close by Nov. 30th.
It's crunch time folks, it is going to take a great game plan and precision execution to score your tax credit from this point forward. With it taking up to 45 days to close an FHA mortgage we are down to the 2 weeks (this is your 2-minute warning) to find that property and get it under contract. Is there still time to get it done? You bet, but you need to get under center and snap the ball for that final drive now.
Now let's all get out there and win one for the 1st time home buyer!