56 days to take advange of the $8000 tax credit | New Hampshire Real Estate Blog

Monetize that Tax Credit … 56 Days and Counting!

56 Days and counting…down!

The New Hampshire Association of REALTORS sent out this notice to all NH REALTOR members in hopes they spread the word to the public that the clock is ticking.

Monetize that Tax Credit

90 56 Days and Counting! Do you know how long it takes to close on a home? How about how long it might take you to find a home? Maybe you think there is plenty of inventory available so it won’t be an issue or that sellers are so desperate that they can be out in a few weeks. The answers are that in reality it might take 45 days or more to close on a loan and you can plan on longer if it is a FHA loan or you are buying a bank owned home. Oh, and about the inventory part, that’s true there is plenty of inventory available BUT depending on your price range there is also plenty of competition. Certain price ranges are seeing multiple offers continuously. Remember if you have not owned a home within the past three years, you would qualify for the $8,000 tax credit and remember that it expires on November 30. So if you are an eligible first-time home buyers you have roughly 90 56 days to close on a home purchase before the offer runs out. Once the money is gone who know when or if another such offer will be made.

Don’t miss this prime home buying opportunity and of course if you’re looking for a Southern NH REALTOR to help you find that perfect home and take advantage of the tax credit just give us a call.

Monika McGillicuddy Southern NH REALTOR

I would love to help you… call 603-548-7728

Reprinted with permission from the New Hampshire Association of REALTORS

90 56 days and counting … down!

Are you aware of NHHFA’s Home Advantage program?

A reminder that the clock is ticking for eligible home buyers to take advantage of the federal first-time home buyer tax credit.

For those who have not owned a home within the past three years, the $8,000 tax credit expires on November 30. In other words, eligible first-time home buyers have 90 days from today to close on a home purchase before the offer runs out.

Are you aware? In New Hampshire, the tax credit should be considered particularly appealing thanks to a program instituted by the New Hampshire Housing Finance Authority. This program, Home Advantage, allows buyers to monetize the tax credit at the time of purchase to provide up to $10,000 down payment and closing cost assistance funds.

Learn more! For more on the Home Advantage program, download NHHFA’s flyer here, or visit their website at www.nhhfa.org.

Do not let this $8,000 gift go to waste! Be sure to remind your clients that there are 96 days left to take advantage of the federal tax credit, and here in New Hampshire, the Home Advantage program as well.