Buyers Rush to Beat Tax Credit Deadline
August 17th, 2009 | 
Author: 
Source: Chicago Tribune, Kathleen Lynn (08/14/09) Real estate professionals report that first-time home buyers are flooding the sale market, pressed to finalize a deal before the federal government’s $8,000 tax credit offer expires on Nov. 30.
Because mortgage approvals, residential inspections, and other steps in the buying process typically take about two months, buyers hoping to take advantage of the incentive will need to have a contract by the end of September.
The new flurry of activity now as house-hunters try to meet the deadline is triggering bidding wars and energizing the property market, which historically is slow at the end of summer. As a result, more homes are getting their full asking price.
This is brought to you by Philadelphia Real Estate Blog
Posted in 
Tags: 
REALTOR® -- A registered collective membership mark that identifies a real estate professional who is a member of the 
