the hour glass is is running and time will soon be gone for the first time buyer to take advantage of the $8,000 dollar credit. the first time buyer credit ends on November 30th 2009. for a first time buyer to take advantage they must have their purchased closed by midnight November 30th 2009. doing some calculations as to timing within the the market and financing changes it puts the date that you must have a purchase agreement in place to October 31st 2009. why you might ask do i need to have a buy sell in place by then. 1. it generally takes 30 days from start to finish to allow for inspections appraisals and loan processing, in November you have thanksgiving which is going to slow the process with banks being closed and people leaving on vacation. so even with a purchase agreement in place it will take some very focused help to make sure everything happens the way it should, so you don't miss out on the tax credit.  adding to the complexity is rules changes on disclosures and changes as your proceed toward closing if a lender does not get the annual percentage close enough on the initial disclosure. right at the end you could be faced with between a 3 to 7 day delay in closing and then a lot of shedding of tears because the lender won't close due to federal law.

the best advice is to get out in the market and find a home and find a lender, get fully credit approved so you may take advantage of funding your first home and the $8,000 credit before it expires.

call howard sumner 406-245-6990

or http://Realestatemontana.com