Buyers are scrambling to get closings before November 30!
Buyers are in a crunch to try and get properties closed by Nov 30 to take advantage of the First time homebuyers 8,000 tax credit.
To be eligible, you cannot have owned a principal residence in the past 3 years (2nd homes & vacation homes DO NOT disqualify you!), you must close on the property on or before Nov 30, 2009, and you must not exceed the income requirements.
There is more information about the tax credit available at this link:
http://www.federalhousingtaxcredit.com
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