Good news may come soon for Buyers who qualified for the federal homebuyer tax credit and were Under Contract on a home BEFORE April 30, 2010 AND whose closings may not be looking like they will happen before the original tax credit closing deadline of June 30, 2010.
Today, the Senate approved an extension of the closing deadline to September 30, 2010. It sounds like the House will also have to pass the amendment before it becomes law.
Stay tuned!
In the meantime, if you are one of the nervous Buyers, you probably want your agent to keep working on getting your transaction done before the existing deadline if possible.
If you have excellent credit and will be buying a $300,000-$800,000 home within 90 days and would like an agent who will work exclusively for you, make sure you get an Agent on YOUR side of the transaction! Make sure you hire an E B A!
Call us at (801) 969-8989 or contact us via the link on this page.
©2010 Homebuyer Representation, Inc. - "The Real Estate Agents on the Buyer's Side" TM - Salt Lake City, UT
Exclusive Buyers Agents (EBA) - All Rights Reserved
Finally...
Exclusive Buyer's Agents do not list homes for sale and never represent Sellers. They have no "inventory" to try and push on you. They can represent you in purchasing any home. They are specialists at representing Buyers ONLY on the Buyer's side of the transaction. Exclusive Buyer's Agents work to get BUYERS the Best Price and Terms when they Buy a home...
Yup, looks like it is the real deal now.
This provision is included in what is being called the "Jobs Bill".
A cloture vote failed last night 56-40. It needed 60 votes to pass. Democrats are meeting today to come up with a new strategy, but at this point they are unsure if the debate will even continue next week. Senate Finance Committee Chairman Max Baucus was quoted as saying, "The bottom line is we're going to keep trying, because that's what the American people want us to do."
Stay Tuned!
Update:
http://hosted.ap.org/dynamic/stories/U/US_HOMEBUYERS_TAX_CREDIT
House passes a bill with a 3 month extension for closing. Goes back to Senate where they need to get 60 votes again.