LUBBOCK, TX (KCBD) - Good news for those homeowners who qualify for a tax incentive of up to eight thousand-dollars for first time buyers and up to 65 hundred for existing owners who move, the deadline to get your tax credit has been extended.
Previously, the qualifying homeowners had until April 30th to close on their purchases, but now they have until September 30th. But this doesn't make more buyers eligible for the tax credit, just those who didn't get to close the deal on their homes in time for the last deadline.
"These aren't new people to the market, these are people who have qualified by being under contract by April 30th," said Clay Enger.
Again to be eligible for the extension, buyers had to have a contract in place by April 30th.
Copyright 2010 KCBD. All rights reserved.