$8,000 Homebuyer Tax Credit On Its Way to Extension

We have just received word that the Senate has voted to approve a bill this week that would extend the $8,000 tax credit through June of 2010. The “Dodd-Lieberman-Isakson” amendment would also extend the credit to NON FIRST TIME buyers as well. The non first timers will get $6,500 but still that is nothing to sneeze at. I will send out more information as it becomes available. There is a catch on the dateline. The buyer has to have a signed contract by the end of April 2010 and then they have to close by the end of June 2010.

This is a bold move to stimulate home sales through the traditional slower winter months and I for one welcome and applaud it.  I will keep you upated as the bill moves towards becoming law.

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Neil Kearney has been a Realtor in Boulder since 1991. He is the Broker/Owner of Kearney Realty Co. which is located in downtown Boulder. He specializes in residential real estate throughout Boulder County and serves the communities of Boulder, Broomfield, Louisville, Lafayette, Erie, Superior, Longmont, Niwot and Gunbarrel. The information on this website has been written by Neil and it represents his research and opinion. The statistics are based on data from IRES MLS system. Thanks for visiting.

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