Only 45 shopping days left....

Yep, only 45 shopping days left. At least, that's what I recommend. Let's not wait until the last minute.

Come November 30, the $8000 first-time home buyers tax credit goes bye-bye. "But, wait!" you say. "That's 91 days from today. Where did you learn to count?"

Ah, but you have to CLOSE by November 30. If you are a true first-time buyer (and most who qualify for this credit are), you may not know that it can take weeks to close on a house. To have a reasonable reliance upon getting your tax credit, you ought to be under contract by October 15. That gives you 45 days from today to shop for that home of your dreams.

If you are holding out for a better deal, keep in mind that it will literally take an act of Congress to make it happen. There are extensions and expansions in the pipeline right now. These bills are stuck in committees and haven't passed over all the hurdles to become law. Roll the dice and hope for the best? That is a question you will have to answer for yourself.

That does lead me to one point, though. Please don't rush out and buy a house just for the tax benefit. Purchasing a home is a big decision and one you shouldn't take lightly. A REALTOR can help you navigate the challenging process of searching, negotiation, and purchasing your home. We are trained to help you find houses in your price range and possibly spot potential pitfalls that may not be obvious.