HURRY THE EXTENDED FIRST TIME BUYER CREDIT WILL EXPIRE ON THE 30th! The $8,000 First Time Home Buyer (or a buyer who hasn’t owned a home in over three years). Short sale buyers that have offers which were started months ago, are still awaiting acceptance from the bank, and nerves are fraying. There are no rumors that the buyer credit will be extended, but until it is known for sure, the sure bet is to get a contract for a foreclosure or regular sale. The regular sale would mean a motivated seller with no short sale or third party delay. The foreclosure buyer is usually in a bidding war these days, but the value won is worth it. The best way to win the contract is to make sure you have a full-time Realtor by your side and on the same page as you. As a Realtor, this week is going to change for a few of my clients in short sales, we are going to pursue new home contracts because the banks are not responsive enough to our short sale offer. For home sellers that need to sell their homes due to relocation, job loss, etc., this is the time to put your house on the market! Remember, as a Seller, if you take a lower amount than you’d like on the home you’re selling, you can make it up on the other side as the Buyer. This is a crucial week for buyers and sellers! Most mortgage companies will be able to close within 45 days any less, and the odds of a timely close go down!

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