Beating the Deadline for the Tax Credit
Posted by Bruce Swedal on Friday, September 25th, 2009 at 5:04pm.Here we are on September 25, 2009 in Denver, Colorado and you may be thinking that you are out of luck in taking advantage of the $8000 federal home buyer tax credit that expires on November 30, 2009.
Well it is not too late to get that Denver home you have always dreamed of and still take advantage of the government incentive. The key is to target homes that can close quickly which is where we can help.
Wondering what some of the key elements are?
Well prescreening the property is an absolute must to find out about deal killing problems before you get deep into the deal.
- Are there going to be extensive repairs needed?
- Are the appliances or systems aged?
- How is the neighborhood?
- Are there health hazards such as mold?
Additional information to know when putting forth an offer:
- How hot are entry level homes in that area?
- Has the property been on the market long?
- Were there already price reductions?
- Are the sellers currently considering competing offers?
- Are the sellers on a specific time line?
Yet more:
- Home buyers in Denver need to begin the process right away!
- Buyers need to speak with their agent about the structure of the deal.
- Be ready to provide a very strong lender letter if you are financing.
Bruce Swedal
Licensed Colorado Realtor
Contact Me
Denver Real Estate
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