I wrote last week about the Senate vote that may help extend the Home Buyer Tax Credit Closing Date for buyers who already have a signed purchase agreement before April 30th.
Right now, we are still waiting for the bill (HR 4213) to be voted on and passed in the Senate and House. The vote last week simply added the Home Buyer Credit Extension into the larger Unemployment Benefits Bill. That bill (along with its amendments) needs to be passed by both houses, then signed by President Obama into law.
Until all that happens, it’s still just speculation. So don’t rely on the extension if you have the option to close in June and receive the Tax Credit.
Thanks for the update here Steve. It will be interesting to see if this in fact does pass.
Still though, there are so many great properties for sale on the MLS here in MN. A great time to be a buyer!!!
So glad you put this out there. I think a lot of first time buyers think it’s official and of course it’s not. It’s great you keep buyers in the loop!