There’s an urgency in the air. If you’re keeping up with the real estate market at all, you know that time is running out to get in on the $8000 income tax credit.
The closer we get to the deadline, the less time a buyer has to close a deal in time. Lenders are getting busy, they are running out of time to work the loans in time for the deadline.
Thinking of buying a short sale before the deadline? You might as well forget it unless you’re already in line at the bank. They take a long time with no guarantee the bank will look at your offer in time, much less make a decision. And if the bank doesn’t take your offer after all your waiting, you have no deal and then you have to start over again–with less time. On top of all that, most short sale homes already have multiple offers waiting in line at the bank. Key word: “WAITING.” Waiting means time and as we know, time is running out.
Yes, I’m being blunt. When you are running out of time, you have to focus your search efforts and look for the deal you know you can close.
It’s all a timing and waiting game. I’m reminded of the rabbit in Alice in Wonderland, …I’m late, I’m late, for a very important date. No time to say “Hello!” “Good bye!” I’m late, I’m late, I’m late… 🙂
Of course there is the option of not caring if you get the $8000. In that case, you can spend your time searching for the perfect deal. Maybe you will get a short sale for such a good price that getting the $8000 becomes insignificant because of the amount of money you saved on the house.
Honestly, the deals are out there. Getting the $8000 can be less significant if you save a lot of money on the price. Of course, then there’s the issue of interest rates going up and down! UGH! It is always something.
It’s all about perspective (how you look at things) and where you place your priorities. Perfect timing shows itself after it happens!
Determine your needs and wants. Do you need the $8000 to buy? Do you need a good interest rate? Do you need the lowest price? Do you need to buy now?
Do you want to buy in the Clark County area? I’m available to discuss the buying opportunities here–pressure free!