Tax-Credit window is three months not six

What Is A Tax Credit?

While the window of eligibility for the Homebuyer Tax Credit doesn’t expire until June, 2010. It’s important to know you will need to have a purchase contract signed by April.

Keep in mind that most people take about 60 days to locate a property and get into escrow. That means you’ll need to begin locating your house by February without being rushed.

That leaves you three months, not six.

It’s a great time to look at homes in or surrounding Whittier as there are more than a few bargains out there. Mortgage rates won’t get any better and home prices are at their lowest levels in many years. Combine this with a tax credit and you’ve got a great opportunity if you’re fortunate enough to have a good job and some savings.

If you’ve tried to time the ‘bottom’ — it’s now — and it’s going to pay off.