The First Time Homebuyer and Repeat Homebuyer Credits deadlines have been extended to September 30th.
Initially, the credits were extended to all who were in contract on their home by April 30th as long as those deals were closed by June 30th.
However, due to many complaints about the short window to close (for example, try closing on a home purchase in the state of New York within 60 days of being in contract…not going to happen!), the deadline to close was pushed back to September 30th.
Now, this doesn’t give buyers a chance to enter into a contract and close by September 30th, this extension only applies to those who were in contract by April 30th, but who were unable to close by June 30th.
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Ugh!! I wish this applied to us
we’ll be closing by September. An extra $8,000 would be nice!!
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