If you are in the position to buy a Raleigh NC area home, and the time is right for you to buy North Raleigh property, then you have a little over a month left to take advantage of the $8,000 first time home buyers tax credit.

But wait, you say? We have until Nov. 30, 2009, right?

Yes and no. You have until Nov. 30th to be closed on a Raleigh property.

That means you have to find a North Raleigh home for sale, make an offer (or two or three counter offers), get inspections, get the Raleigh real estate appraisal (which might come in low, probably sending you back to the offer table), check Raleigh property titles (perhaps clear titles), get your Central NC real estate loan approved, get the loan money on time, and get all problems found during the inspection fixed. All before Nov. 30th.

By Nov. 30th, you must have the house keys in your hand in order to take advantage of the tax credit, so the sooner you start the Raleigh home buying process, the better.

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An expert Raleigh, NC Real Estate Agent will try to foresee all the potential problems that could arrise in the process of buying a Raleigh home, but there always things that could arise that are beyond anyone’s control. Overall, the more time you allow for buying a Raleigh NC Home the better chance you have of closing in time for the credit.

Because though you shouldn’t be buying a home just for the credit, it would really stink to close on Dec. 1, 2009 and miss out on an $8000 tax credit.

If you have questions about Raleigh Real Estate or want to browse the Raleigh MLS home search, then contact me, Jim Allen, for all your Raleigh first time home buying tips.

Until next time,
Jim