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Rachel Rosson

AHSS, ALHS, CNE, GRI
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Greenwood King Properties - Kirby Office
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Home Buyer Tax Credit Deadline Extension

June 23rd, 2010


Government passed a home buyer tax credit deadline extension until 9/30/2010 for contracts already executed before April 30. This gives more time for delays that have arisen in short sales, etc for buyers to close their loans.  Over the past few months friends and clients have often asked me how the tax credit has effected my business. Not at all. During the tax credit, only one buyer I worked with took advantage of this tax credit but she didn't need the money - she put down about 30% cash for the condo. It's just like going to the mall to buy a blouse and then being pleasantly surprised that it's on  sale - you were going to buy it regardless. Also, the inner loop market where I specialize is generally priced out of this tax credit anyway. So in the end, the inner loop market was not effected when the tax credit started and it will not be effected now that it's ended.  

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Disclaimer : The views and opinions expressed in this blog are those of the author and do not necessarily reflect the official policy or position of the Houston Association of REALTORS®

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Greenwood King Properties - Kirby Office
3201 Kirby Dr, Houston, TX 77098   Get Directions
Phone: (713) 524-0888
Fax: (713) 524-9835
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