If you are eligible for the First Time Home Buyer Tax Credit, or the Move-Up Buyer Tax Credit? If so, time is ticking away…  Properties have to by under contract BY April 30th, 2010.  This means that they contract’s Binding Agreement date can’t be later than that.  Offering on a property on April 30th could lead to missing the deadline.  In fact, with many bank owned properties, offers should be in in March in order to make sure negotiations are completed prior to the deadline.

After the property is “Under Contract”, it has to close prior to June 30th, 2010.  That means that the loan is done, the papers are signed and the keys are probably handed over…

There are still opportunities with new construction.  In fact, there are some custom home builders that have partially completed homes that can be completed by the deadlines…

If you are a seller… GET ON THE STICK.  If you are going on the market with a likely home that meets the criteria (under $800k…) then this is the time.  Of course, the closer you get to the $800k, the less important the credit becomes, since someone that would qualify for it would likely not be able to get financing for that amount.  But, under about $400k, there will be a flurry of market activity before April 30th… and a slowdown after.

Give me a call!

Related articles by Zemanta

• First Time Home Buyer Tax Credit… Extended and Expanded (lanebailey.com)

Tags: buyers, investment, news, real estate  |  Posted under all posts, buyers, gwinnett, news, real estate  |    View Comments

Lilburn is in Gwinnett County, GA, just outside of Atlanta.  As of the 2000 Census, there were 11,307 people in Lilburn, but that is only including people in the city limits, and there has been a lot of growth since 2000 in Gwinnett County.  It was incorporated in 1910.  Lilburn is home to Parkview High School, and also has students that the Brookwood, Berkmar and Meadowcreek clusters. It is also home to Killian Hill Christian School, Providence Chrisian Academy, St. John Neumann Catholic School and Parkview Christian School.  Possibly the most famous resident of Lilburn is General Beauregard Lee, a groundhog with a better winter prediction record that Puxatawnee Phil up in PA. Dominique Wilkins, formerly of the Atlanta Hawks also lives in Lilburn.

Tags: buyers, gwinnett, lilburn, market report, real estate, sellers  |  Posted under all posts, buyers, gwinnett, lilburn, market report, real estate, sellers  |    View Comments

The real estate market for Gwinnett County is in a state of flux.  There are wide variations between different location throughout the county, as well as different price strata.  There are a few themes that are readily apparent, but some locations and price ranges are standouts (good or bad)…

Tags: business of real estate, buyers, gwinnett, investment, market report, news, real estate, sellers  |  Posted under all posts, buford, business of real estate, buyers, duluth, gwinnett, investment, lawrenceville, lilburn, loganville, market report, news, norcross, real estate, sellers, snellville, sugar hill, suwanee  |    View Comments

I stopped into Legends at Parkview recently to find out how the new project was coming.  They didn’t have a model ready to go yet, but should have one built out completely soon.  And I’ll be back to visit when it is ready to go.  But, in the mean time…

Tags: buyers, gwinnett, lilburn, news, real estate  |  Posted under all posts, buyers, client protection, gwinnett, lilburn, news, real estate  |    View Comments

I have been digging around out of curiousity, and came across the budget for Gwinnett County Public Schools.  GCPS spends $8,156/student.  Their total budget proposed for FY2010 is $1.859Billion…  That is a lot of coin.

Tags: buyers, gwinnett, life at home, lilburn, news  |  Posted under all posts, duluth, gwinnett, lawrenceville, life at home, lilburn, loganville, norcross, snellville, sugar hill, suwanee  |    View Comments