The DEADLINE is NOVEMBER 30th this year for the $8,000 give away to first time buyers. Buyers must have officially closed their transaction by this date and should remember that it typically takes 60 days to close a transaction after writing the sales contract. For many transactions this could take as long as 4 months or more where a seller’s short sale may be involved.
This means buyers should be actively looking at homes now, checking their credit scores and becoming prequalified as well as learning about their available options and how the process works. To find out more about this program follow this link.
So you are not a first time Buyer, what about your children or grandchildren? The federal deadline for this $8,000 bonus expires November 30th. Get the family involved. This program is also open to anyone who has not owned a home in the last 3 years.
Be sure to get tax advice before assuming you qualify for it. The income limits may make it not work.
Aloha,
Keahi