For any of you that don't know, the Obama homebuyer tax credit of $8,000 for first time buyers and $6,500 for previous homeowners is ending April 30, 2010. In order to qualify for the tax credit, home buyers must be under contract with the seller by the end of April. Then you have until the end of July to actually close the escrow. This is why it is OK to put offers in on short sale homes right now, since even though they may not close by the end of April, at least you have a chance to be under contract on a home, and close by the end of July.
If you are not already on a home search, and are looking in Southern California, you can go to my website at www.TeamHomeSales.com and sign up to receive home listings as soon as they come on the market.
Contact me with any questions!
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