Things that are Helping Real-Estate
Here is something that is helping many buyers and I hope it goes into next year it is scheduled to stop in Nov.30. but here it is have a great day Michael…..
Popular home tax credit expires Nov. 30 – Jay Butler, director of Arizona State University’s Realty Studies Department, believes the credit has been helpful for home builders that have been struggling since the downturn in the market. The Nov. 30 deadline is fast approaching. “There is talk about renewing it because they feel it has been an important element, especially in the new home market,” said Butler. With the deadline three months away, the credit can’t be claimed for houses that aren’t already under construction. Homes cannot be closed on until after construction is completed and the home is ready for occupancy. “Most people are estimating (it takes) roughly 30 days to close,” Butler said. “You can do it in a shorter period of time. Many of the builders have captured lenders so it’s a little easier to do the paperwork and the financing because you’re not only doing it for the good of the buyer, but the good of the company.”
http://www.eastvalleytribune.com/story/143411
