The Party’s Almost Over! I’ve been telling would-be home buyers for several weeks that if they want to take advantage of the home buyer tax credit, NOW is the time to pull the trigger, or they’re in danger of missing the November 30th closing deadline.
As a result of this looming deadline, we’re seeing a spike the number of multiple-offer bidding wars in the Edmond/OKC market. Realtor Magazine just reported similar situations in many other areas of the country, for the same reason.
Word of advice, quit trying to time your interest rate and get locked in on a house now. It’d be silly to miss out on an $8K tax credit while trying to time a simple 1/8% reduction in interest rate.
About Ryan Hukill
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