Attention First Time Homebuyers! The Clock is Ticking!

If you are a first time home buyer, you are helping the US Economy get back on track... In July, first time home buyers were responsible for one third of all home purchases.
The $8000 federal tax credit was a primary motivation to buy a home for almost 11% of buyers, according to Realtor.com.
The deadline to buy that home is fast approaching. Only 11 weeks left to get your property closed, if you want to take advantage of that $8000 tax credit. It takes approximately 45 to 60 days to close a property once the offer has been accepted, and sometimes, that acceptance process can take a week or so.
Ask yourself some questions:
Do you know what area you want to live in? This will help eliminate many properties if you know WHERE you want to live.
Have you pre-qualified yourself with a bank or mortgage lender so you know how much you can afford to spend on a property? Now, today, is the time to call that lender. They can tell you in a short period of time what you can afford to purchase.
Do you have money in the bank for down payment or closing costs? There are still 100% financing programs for those with credit at or above 720. There are also FHA, VA, USDA, and other government loan programs. In most cases, you will still need to provide your own finances for closing costs.
Please call a realtor today if you need help with prequalification, talking about different areas in which to live, and the whole purchase process. Call now! Buy now!
-Tiare Dutcher, RA
Coldwell Banker Pacific Properties