$8,000 Tax Credit has been extended!
Please tell any of your concerned BUYERS that the Tax Credit deadline has been extended. Nearly 18,000 Californians and almost 200,000 buyers nationwide were hanging on this decision.
After a close brush with the deadline, Congress has passed an extension of the Homebuyer Tax Credit closing deadline, the Homebuyer Assistance and Improvement Act (H.R. 5623). The extension applies only to transactions that have ratified contracts in place as of April 30, 2010 that have not yet closed. The legislation is designed to create a seamless extension the new closing deadline for eligible transactions is now September 30, 2010. There will be no gap between June 30 and the date the President signs the bill into law.