The deadline to qualify for a tax credit is approaching soon. Buyers need to have a fully executed purchase and sale agreement by April 30th, 2010 and close by June 30th, 2010 in order to qualify for the tax credit.
Real Estate sales have increased in Miami in part due to the approaching deadline. More buyers are out shopping and competition is heating up in several areas of the county.
Be prepared when house-hunting...have your mortgage approval in hand and be ready to be one of many buyers.
I've had several listings recently where the situation is a multiple offer scenario...one property brought in 16 bids.
Be ready with a strong deposit and strong approval letter.
Consult with your tax advisor to make sure you qualify for the tax credit.
