http://www.youtube.com/watch? v=PNzq345w6MY
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Time is running out on the First Time Homebuyer Tax Credit! Unless this program is extended by Congress -- and we hope it IS -- a homebuyer is eligible for the tax credit ONLY if the home is "purchased" before December 1, 2009.
That means that buyers have to find a house, complete a contract, satisfy any contingencies, secure financing and go to closing by November 30. Accomplishing those tasks by November 30 will become more difficult with every passing day. In today's market, it generally takes between 45 and 60 days to go from contract to closing.
This is from the Tennessee Association of Realtors and I couldn't say it better myself.
If you know someone in the market for a new home at the great terms available today please give them my number 777-home (4663) or e-mail george.margrave@migonline.com and we will take care of it.
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