Time is almost up for first-time homebuyers to take advantage of an incredible benefit, but OwnACondo.com’s Nov. 8 Auction can beat the $8,000 Tax Credit deadline.
“With a drop-deadline of Nov. 30, there’s really only once chance left to purchase—and close , which is part of the requirement—and that’s by attending the Chicago Real Estate Auction this coming Sunday,” says Brian Kuzdas, owner/founder of OwnACondo.com, the company presenting the event.
The auction will be held November 8, 2009 at 11 a.m. at the Chicago Marriott Oak Brook Hotel, 1401 West 22nd Street, Oak Brook, Illinois. Registration for buyers begins at 9:30 a.m.
Properties available at the auction will include condos, townhouses and single family homes, all of which are eligible in the federal tax credit program if used by the buyer as his or her primary residence. Buyers who have not owned a residence in the last three years are eligible for the tax credit. Other qualifications apply and with the calendar pages turning as fast as leaves are falling, it’s important to remember that OwnAcondo.com’s Nov. 8 Auction can beat the $8,000 Tax Credit deadline.
“Individuals and families who want to make this deadline and claim their tax credit of up to $8,000 need to act quickly,” Mr. Kuzdas explains. “Getting pre-qualified by a lender is a must, and we can offer referrals, if needed. Then, with financing approved, potential buyers should register with us as bidders, do an inspection of the property at an open house and attend the November 8th auction to bid.”
Every effort will be made to meet the Nov. 30 deadline to close. Professionals at mortgage companies, real estate offices and title companies are all on high alert with the deadline approaching quickly.
“Auctions are an accelerated way to bring buyers and sellers together under one roof at one event,” Mr. Kuzdas says, “and with the tax credit deadline so close, the word ‘accelerated’ has even more importance.
Consider these interesting facts, presented by the National Auctioneers Association (of which OwnACondo.com is a member):
- More than $58 billion in real estate was sold in 2008
- Within the next few years, 30 to 35 percent of all real estate sold nationally will be sold at auction.
The auction is open to anyone interested, with advance registration requirements for buyers and sellers. The auction process is exciting and fun, with great potential to land a great deal on a great home. Add the extra thrill and importance of knowing that OwnAcondo.com’s Nov. 8 Auction can beat the $8,000 Tax Credit deadline!
More information about taking part can be obtained by visiting the OwnACondo.com website or calling 877-676-6300. Don’t delay!
Tags: auctions, auctions in Chicago, Chicago Condos, Chicago Real Estate, Condo Auctions, Condo financing