Think you still have lots of time to meet the December 1 deadline for the $8,000 tax credit? Think again. Industry experts warn against planning your purchase with an intended settlement date in November. Many lenders are also taking longer to process mortgage applications – 60 days being the norm in our current economic climate. If we count backwards using October 31 as a “more comfortable” settlement date, buyers should plan to have a house picked out and under contract no later than August 31 – meaning you have 2 months to search, find and negotiate the contract for your new home .
The pressures on lenders to process the expected “crush” of settlements at the last minute to get under the December 1 deadline, will only increase anxiety levels of buyers. If you intend to buy, plan carefully now and, if possible, schedule your settlement date to minimize the last minute stress.
Saturday
Make Good Use of Your Rainy Days
Rainy days - never a better time to start the "de-clutter" process - whether you're thinking about moving or not. Taken in small bites it's a less daunting challenge - and you can revel in your progress over time - celebrating many "mini-accomplishments". It's psychologically satisfying. And when it comes time to move, you'll have one less task on your "to-do" list.
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