SellAustinTexas

The $8,000 First Time Homebuyer Tax Credit is scheduled to end November 30th. While that may seem like plenty of time, the Washington Post recently published a calendar with some potential roadblocks a house hunter might come across.

If you’re considering buying a home before the deadline, here is what they say your schedule should look like:

- September 15-October 15 Up to four weeks for house hunting. Allow a couple of days for negotiations and counter offers.

- October 15 Under Contract. Home inspections can be done within a few days, but it can take two weeks for an appraisal. New mortgage disclosure rules can delay closings by several days if the long terms change. That includes an increase in downpayment if the appraisal is low.

-November 2-6, 9-13 Ideal weeks to schedule a closing.

- November 16-20, 23 & 24 Crunch time for last minute closings. There’s a finite supply of one-hour slots at title companies. Long Thanksgiving weekend: few, if any, closings are likely to be scheduled November 25-29.

- Monday, November 30 Last day to close.

If you’re interested in cashing in on the credit, start your search today by looking at some listings and calling your Realtor.