The Federal tax credit of $8,000 is about to expire and millions have let this opportunity pass them by. The $8,000 tax credit expires Nov 30, 2009 and if you want to receive this credit for your new Charlotte home you must be placing an offer on a house within the next 2 weeks; the sooner the better.
When you purchase a Charlotte Home for Sale, it will take at least 4 weeks from offer until it actually closes. An FHA loan often takes longer closer to 6 weeks to close so it will really be a challenge for buyer to take advantage of the $8000 gift from the Government. The $8,000 rebate is a huge economic stimulation of so many fronts.
First, it provides first time home owners an incentive to purchase their first Charlotte home. As home owners know, we then purchase new decorations, furniture, landscaping and so much more. Our entire spending habits change with our new responsibilities as proud home owners. The $8,000 further enables us to make our Charlotte Dream Home our reality as it provides the seed money to make our changes. Home owners then stimulate so many other aspects of the economy to get our huge economic engine turning.
Many Charlotte home owners, now since their Charlotte Real Estate has sold, can now purchase their next home and continue improving their own lives. This is truly a win-win situation for everyone; but time is running out or the first time home buyer. Will the program be extended? Will the Government realize how this program actually did stimulate the economy (as opposed to a part time job for the summer)? No one can predict the ability of our Government to make intelligent decisions because their decisions usually follow special interest groups as opposed to what is best for the country as a whole. Hopefully you are able to be one that will benefit from the program.
Visit Charlotte NC Homes for Sale today and let's find the Charlotte Real Estate that is perfect for you.