Will the Sale Close by June 30th?

Get all the metro Cincinnati Real Estate information delivered directly to your inbox by subscribing to theCincyBlog today.

Buyers bought and sellers sold- will the deal close in time to be eligible for the Tax Credit?

I recently heard somebody mention that if you didn't close your "tax credit" purchase by the mandated date of June 30th- the government would extend the deadline.

Not true!

I've checked with several different lenders and closing company attorneys, as well as the NAR site, and nobody knows anything about a closing date extension. Buyers hoping to qualify for the tax credit(s) needed to have an accepted purchase contract by April 30th and close by June 30th. Many of these closings have been scheduled for the last week of June-which does not leave any time to resolve any last minute issues. If you are one of the many hoping to close at the end of the month-stay on top of your lender and title company to resolve any problems now rather than later. Normally your Realtor is managing the process-but you are the lender's "real client" -so you have more control than we do.

Need more info about real estate in your neighborhood or area call or email.