The first-time home buyer tax credit ends Nov. 30 and the rush is on for  buyers to make their decision within the few weeks to be sure there is time to close the deal and reap the benefit.

Let me give a quick example:

You buy a house for $140,000 using an FHA loan. You are required to put 3.5% down which is $4,900. You can expect between $3,000 and $3,500 in closing costs which will bring your total out of pocket to about $8,400 to close on your new home. When you file your taxes, you can get an $8,000 credit to reimburse yourself! We can even negotiate for the seller to help with your closing costs which means you could actually make money by buying a new home!

Are you ready to get moving?  We have a great inventory in the triangle area to choose from.

 If you are considering purchasing a new home in Raleigh, Garner, Clayton and surrounding areas, contact us at 919-779-3113.