Wichita home buyers…the home buyer tax credit has been extended until Sept 30th, 2010.  

***This is a closing date bill being extended not another stimulus bill.***

The Senate voted late last night to follow the approved House bill to extend the deadline for closing on a home that was under contract on or before April 30th.

Now it will go to President Obama for his signature. Obama has already stated he would sign it.

Waking up to the good news brought a big sigh of relief for many Wichitans that were not able to get their homes closed by yesterday’s deadline. The bog down on closings is being brought about by “short sales”, underwriters with too many files & hurdles too manage, and a backlog of appraisals. Buyers are being asked for last minute info & documents on most any deal which can cause a delay here & there.  So many home buyers were very nervous about making the deadline & in the dark as to whether they would get the tax credit money that spurred them on in the first place. 180,000 Buyers were in this position. The National Association broke the stat’s down by states. Kansas having 1840 home buyers that were awaiting the good news of the extension.

Wow! Did I ever feel part of the Washington DC decision making yesterday. Big sigh. Smile…

(Congrats Mark & Samantha! )

Written by Katherine Ambrose, ABR, CDPE, CRS, GRI
Ambrose Team, Inc. 316.773.SOLD
Founder & Assoc. Broker: Keller Williams Hometown Partners LLC
316.807.5079
kambrose@kw.com

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