Coconut Creek Real Estate, Remax ParkCreek

There is good news for Coconut Creek home buyers using the tax credit: an extension for the tax credit appears close to passing after being approved by the House of Representatives on Tuesday, June 29th.  The tax credit is for those who put homes under contract on or before April 30th.  The original deadline for closing is today, June 30th.  The extension is currently up for approval by the Senate, who will hopefully act fast.

An extension of the tax credit will allow more time to close for those who are currently under contract to purchase a home in Coconut Creek Florida.  This is especially helpful for new homes which may not have met completion by the June 30 deadline.  The extension is also helpful for those who are having a difficult time securing a loan, a process that has become much more difficult since the impact of the recession that has crippled so many parts of the United States.

Approval of the tax credit extension displays the governments willingness to help those who want to close on a new home but need a bit more time to do so.  The extension will not, however, help prospective Coconut Creek home buyers who have put a home under contract after April 30.

Click here to read a recent article from CNN Money regarding the tax credit expansion.

For the best in Coconut Creek real estate experience and knowledge contact Silva Stoyanova at 954-673-4402.  Silva has access to the Coconut Creek MLS and all available listings in the area.