The tax credit deadline approaches faster than ever now - you need to get a purchase and sale contract signed around by this week if you want to take advantage of the current home buyer tax credit. That is the fact, but don’t allow that to impact your decision process when purchasing. Being under the gun over a tax credit seems pretty silly when trying to make a much bigger decision overall. My suspicion is that there might be quite a bit of buyer remorse when those IRS checks come in. You would hate to be sitting with your $8000 in a home that as you look around just does not feel right.
My suggestion instead is to take your time and really find the home that is going to work for you and your goals. Choosing a home in a rush over a credit which is tiny when compared to the purchase price overall is like buying a brand new car because they give you a free junky toaster. It’s a little gimmicky.
Why not take your time and find the perfect property and let your Realtor negotiate it to make up for not getting that free toaster… I mean credit? The competition will be less fierce as the feeding frenzy ends and the pressure will be lessened so that you can really focus in on whether or not the house truly works for you! You can find current inventory here: Seattle Real Estate