Monday, April 12, 2010

Act Fast – Time is Running Out

Time is running out! The real estate clock is ticking for those interested in purchasing a home and taking advantage of the First-Time Homebuyers Tax Credit or the Move-Up/Repeat Homebuyers Tax Credit. Anyone who has been tuned into the real estate market at all is aware that the April 30, 2010 deadline is looming to get a binding contract in place in order to qualify for the tax credits. First-time homebuyers stand to earn up to $8,000 and move-up/repeat homebuyers up to $6,500 in actual tax refunds. However, time is truly of the essence. Your time is now!!

In an effort to motivate buyers to find their perfect home and meet the tax credit deadline, Florida realtors and sellers held a statewide open house on April 10th and 11th to showcase properties for sale. Florida is not the only state to participate in this open house concept. April 10th and 11th were officially designated “Open House Weekend” and states across the country participated. It was an incredible opportunity for buyers to really see what is out there and make that critical decision to place an offer on a home.

The time to buy is now. The tax credit deadline, along with rock-bottom interest rates, and affordable home prices all combine to make it the time to buy. The real estate inventory is drying up and competition is fierce. Those who don’t act will look in retrospect and wish they had. So, act fast as time is running out! Contact an SI Real Estate professional today, your Tampa Bay real estate boutique.