My New Blog

We're heading into the home stretch for first time buyers to be eligible for the $8000 tax credit. If the property isn't under contract within the next 10 days, then chances are real good that it won't close on time.

One date that everybody has been looking at for months is Nov 30, a Monday as the drop off date. Well take a look at the calender and see where that falls.

THANKSGIVING is Thursday, Nov 26. Many people in the banking system use the friday after Thanksgiving as one of their 'floater' vacation days in order to get a long weekend, get a jump on Christmas shopping, which is signaled by Friday, Nov 27, or to enjoy a visit with friends and family out of the area. After all the Thanksgiving weekend is the most heavily traveled weekend of the year.

Think your lawyer's staff are going to be concerned about your purchase, especially after you've spent months trying to get something better than the last great deal you had before you? Think again. The only people that care about your purchase are you and your agent, to the rest of the system you're a number, and if your number isn't at the top of the pile, oh well.

I would anticipate that with the rash of closings that may be coming on that date, that the banks, lawyer's etc, might stay out there a little while longer, like the IRS does on April 15. But if not, too bad. Within the world of finance, unless you have connections on Wall street or higher, the everyday person doesn't catch that break. If you're holding back thinking the government will extend the program, think again. The government didn't extend 'Cash for Clunkers" did they?

So, if you want to get that credit, get serious. Time is running out, and you will have no one to blame but yourself.