Don’t Miss Out on the $8,000 Home Tax Credit in GA

8000 Tax Credit DeadlineYou have until November 30th to take advantage of the $8,000 federal tax credit for 1st time home buyers.  Most people are thinking, “I have plenty of time”, but realistically time is running out and here is why:  The average time to close a loan is 30-45 days.  You will also need plenty of time to find the right home.  Most people will view a dozen or more homes before they find the right one.  You will have to negotiate your contract, which can take several days.

The week before November 30th is Thanksgiving!  Staff will be out of town and on vacation.  Most banks traditionally close the last 3 days of that week or are at half staff.  Have you looked at your calendar? November 30th is a Monday!

It’s inevitable that many people will procrastinate, which means November 30th will probably be the busiest day for lenders, banks and attorneys.  Most of these firms will not be able to handle the volume.  As more and more buyers hit the market and realize they are running out of time the selection of good properties will decrease.  This may result in fewer options for 1st time home buyers.

Georgia also has a $1,800 tax credit that expires on November 30th.  If you looking for an Atlanta Georgia Mortgage, you will have a chance to take advantage of this tax credit as well.  The $1,800 Georgia tax credit does have some stipulations, so call for details.

You need to target your close date no later than the week of November 15th.  Call your GA REALTOR today and get a list of homes for them to show you.  Call me so we can get you prequalified.  Getting prequalified for a GA mortgage typically only takes 15 minutes, so what are you waiting for?  Take advantage of this historic opportunity and get an Atlanta GA mortgage before it is too late!

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