Many home buyers and sellers in central Ohio were hoping for a third extension to the popular home buyer tax credit program. According to the Ohio Association of Realtors (OAR) and National Association of Realtors (NAR), this appears very unlikely to happen.
Vicki Cox Golder, NAR President states “NAR has had extensive discussions with our congressional allies and concluded that an additional extension of the tax credit is unlikely. While lawmakers recognize that the tax credit helped stabilize the market, it appears that much of the benefit has been realized.”
So, time is running out, we are down to the last few weeks for home buyers to claim the $8,000 first time home buyer tax credit or the $6,500 move up buyer tax credit. You must have a found a home and have a binding sales contract by April 30th, 2010.
Review these links for more information on Tax Credit Programs:
Good luck out there!
Please feel free to contact me if you need help or have questions
Representing People, NOT Property!