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Karen BazzettaKaren Bazzetta

Karen Bazzetta

(314) 330-7816
kbazzetta@stlexpert.com
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$8,000 Federal Tax Credit deadline approaching

The Tax Credit Program expires at midnight on November 30th and provides that only purchases that have CLOSED by that time are eligible for the program.  With the current HVCC appraisal regulations and mortgage environment it currently takes between 45 and 60 days from contract to closing on average.

The effect on the average first time home buyer is that if you submit an offer and it is accepted on August 10th could be up to 60 days before closing.  That would create a closing date of October 10th 2009.  A factor difficult to forecast is the potential delays from an anticipated increase in closings that will be taking place in the months of October and November in afforts to close transactions prior to the expiration of the program.

Now is the time to act.  During the next month or so we expect to see increased demand for properties that fit the profile for first time buyers in the market place.

Current property listings for the St. Louis metro area including photos are avalaible here.

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Posted in: Market Watch Tagged: expire. tax credit program, first time buyer, Quick Links, real estate, tax credit

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Still LOVE my home – thank you!!

Lynn B. Ballwin, Missouri

Thanks Jim. I was prepared for a miserable experience. You took the worry and tension out of selling.

John Walsh Seattle, Washington

We had the best experience during the purchase of our first home with Jim. We love it. One of my best friends is a Realtor and I have already told her that when I move, Jim Hurley is the one I work with.

James Fagan Ballwin, Missouri

It was our first home and we spend several months looking. Jim never lost patience. He spent hours educating us and helping us through the process. He’s always smiling and positive…. Linda and Steve Green St. Peters, Missouri

Linda and Steve Green St. Peters, Missouri

I wasn’t really considering buying a new home but one I had looked at before we bought the last one, which I loved, came on the market. I called Jim and we moved 45 days later with no problems. He really cares about the people involved in the process.

Tina and Tom Shinner Kirkwood, Missouri

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kbazzetta@stlexpert.com

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Still LOVE my home – thank you!!

Lynn B. Ballwin, Missouri

default image

Thanks Jim. I was prepared for a miserable experience. You took the worry and tension out of selling.

John Walsh Seattle, Washington

default image

We had the best experience during the purchase of our first home with Jim. We love it. One of my best friends is a Realtor and I have already told her that when I move, Jim Hurley is the one I work with.

James Fagan Ballwin, Missouri

default image

It was our first home and we spend several months looking. Jim never lost patience. He spent hours educating us and helping us through the process. He’s always smiling and positive…. Linda and Steve Green St. Peters, Missouri

Linda and Steve Green St. Peters, Missouri

default image

I wasn’t really considering buying a new home but one I had looked at before we bought the last one, which I loved, came on the market. I called Jim and we moved 45 days later with no problems. He really cares about the people involved in the process.

Tina and Tom Shinner Kirkwood, Missouri

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