Pinetop White Mountain Blog

Good Evening Everyone,

If you are a First Time Homebuyer or have just sold a residence and are looking for a new home, you need to move quickly.  The $8000 tax credit for First Time Buyers and the $6500 credit for so called Move Up buyers is going to run out before too long.

Remember you only have until April 30, 2010 to enter in to to a Purchase Agreement to get in on these tax credits.  If you are a First Time Buyer or a Move Up Buyer, chances are you should qualify for an FHA Loan too.  So far, they haven't changed the Down Payment requirements for FHA loans, but they might. 

The time for Fence Sitting waiting for prices to come down is over.  You need to move now.  Sellers who have been on the market for a while will likely look at any reasonable offer right now, and there are more Foreclosures soon to hit the market.  The time is ripe to get moving before interest rates start to climb and your buying power shrinks.  Don't forget, the higher the interest, the less home you will qualify to purchase. 

Don't delay, get online and start looking.  Remember, these days it is taking on the average 60 days minimum for a sale to finalize.  If you don't move soon, you could find yourself running up against the deadline for capitalizing on these tax credits.  You know how fast time flies when you aren't looking.

So get moving, give me a call, and let me help you find your White Mountain Home. 

Sandra Paulow, Associate Broker, GRI   (928) 242-0300