I was delighted when a buyer I have been working with for many months closed on his first home. Everyone involved in the transaction was very excited though it took a little longer to close than expected. This purchase was definitely made possible by the First Time Home Buyer Program, especially the recent extension. The $8,000 tax credit allowed him to find the perfect home, one that didn’t need to be remodeled, and is in move-in condition. The moving trucks are rolling to Timber Ridge Condominiums in Mt. Kisco New York!

Posted By: Sonja Lovas

Time is running out for first time home buyers to claim the $8,000 tax credit when they purchase a home. Don’t be fooled into thinking there’s plenty of time with the November 30th deadline. Mortgage companies were given new marching orders on how loans are processed and that adds about another 2 weeks to the previous 45 day process. Combine that with the time it takes to negotiate with the seller, complete inspections, attorneys negotiating the final contract and the mortgage company loan process, and you’ve got about 3 weeks to find your house. Now is the time to start making offers, and if you haven’t started the process hoping to wait until September, the phrase “Snooze you Lose” will apply to you. To determine if you are eligible for the $8,000 tax credit, and to find a home in time to claim it no matter where you live you can ask Sonja Lovas. Because of her affiliation with the large Houlihan Lawrence network of associates and Leading Real Estate Companies of the World^®, she will be able to guide you to a top notch agent who can help you no matter what city or town you want to live in.

Posted By: Sonja Lovas