Procrastinator Alert: Act Now or Lose $8000

said on April 5th, 2010 categorized under: Tax Credits

Beautiful brunette businesswoman wearing office clothesIf you’re a first time home buyer who’s been debating about buying a Minneapolis duplex or home, it’s time to get off the fence.

You have 25 days to pick out and come to terms with the seller on your new home. And if you don’t, you’ll lose the chance to take advantage of the government’s $8000 first time home buyer tax credit.

But won’t it be extended?

Odds don’t look good. Even real estate’s best friend in the Senate, Johnny Isakson, R-Ga, who was behind legislation to create, then extend the tax credit, is, according to his spokesperson, leaning toward letting it expire.

In my experience, it takes a first time home buyer 30 days or more to find a duplex she not only wants to call home, but that fits her financial criteria as well.

So if you’d like to let the government hand you a check for $8000, give me a call. There’s still time, if we start looking now.