Also, keep in mind that in most cases, you will end up with one month of no house payment. If you close say on the 13th of October, your first house payment will most likely not be due until the First of December.

Linda

Wait another year to buy, save another 18% on the price. Good Luck

Start looking now! Plan to submit your offer before the end of September. You should have your tax credit! DON'T risk trying to get a short sale or foreclosure if you wait til October to make an offer. They can take longer, if they close at all. (They can happen quickly as any, too, it all depends on who your dealing with, and that's just it, we don't know!!!!)

Hello Equihua,

If your condo price will get you the max. credit(8K or 10% of selling price) than it may be worth it to break your lease and pay the charges at least you will end up on the plus side. I hope this was helpful to you. Feel free to contact me if you have any questions about this question or anything else.

Mike Stawizky
Keller Williams Realty
Commerce Market Center
(248) 980-4406
teamstawizky@kw.com

You will need to close on your purchase no later than November 30, 2009. You should get your financing pre-approval and start looking soon to insure everything is ready to go. Count on the financing to take up to 45 days worse case - you certainly don't want to miss the deadline!

You simply need to close by December 1st to get the tax credit (assuming all other qualifications are met).

I am posting a link to more information, and invite you to contact me to discuss further. Thank you!


Derek Bauer, Real Estate One