Sunday, July 19, 2009

Close Early to Avoid Thanksgiving Rush when $8,000 Tax Credit Expires

November 30th is the drop dead date for closing purchases that qualify for the First Time Homebuyer Tax Credit. Scheduling closing dates in November, however, will be a real challenge as buyers must navigate around all of the County furlough closure days and holidays before the deadline. Below is a list of County closures to keep in mind.

King County’s recording department will be closed on the 25th (furlough day), 26th and 27th for the Thanksgiving Holiday, and the weekend eats up the 28th and 29th.

Snohomish County’s recording department closes early on the 25th (purchase documents need to be at excise desk no later than 1:30 PM), closed the 26th and 27th for the Thanksgiving Holiday and closed for the weekend of the 28th and 29th.

Pierce, Kitsap and Mason County recording departments will be closed for Thanksgiving on the 26th and 27th while enjoying the weekend for the 28th and 29th.

You can bet that November 30th will be absolutely nuts with people trying to beat the tax credit deadline! Our advice is to close before November if at all possible. If you must close during the month of November do so early or near the middle of the month to avoid any "Thanksgiving indigestion".