Choosing the Right REALTOR Could have Saved the Tax Credit for many Buyer's.
Choosing the right REALTOR and loan officer could have saved a lot of anxiety for buyer's who may face losing the home buyer's tax credit they expected if they don't close by June 30th and if Washington does not extend the deadline to close. First off, if you entered into a purchase agreement to purchase a short sale and expected it to close before the deadline, the odds were against you and your agent should have advised you of this fact. In today's market getting answers back from banks on short sales is very unpredictable. And with $8,000 on the line you needed more certainty. Next some lenders are becoming unreliable when it comes to processing loans in a timely fashion. Savvy, productive agents know which lenders are on-time and reliable in today's market. For the sake of those buyer's that are going thorough hell right now, I hope that the extension is passed. Whether it goes through or not, the lesson to be learned is that it is important to choose the right REALTOR when you are buying a home. Their knowledge of the market and what affects a transaction is invaluable when it really counts.