14,830 Reasons The Home Buyer Tax Credit Should Be Extended!

If you're looking to cash in on the home buyer tax credit, today is your last day to close.  There have been talks of an extension for a while but it can't seem to get the support from our lawmakers.

Currently, there are an estimated 14,830 home sales in Florida which will be delayed past the June 30th deadline.  These are buyers which qualify for the tax credit in all aspects except for their delayed closing.  Why are there so many delayed closing?  Short Sales!

Short sales can take from 2 months to typically around 6 months to close, although I have had one take as long as a year.  The delay is due to the lenders having so many short sale files and either not enough negotiators or individuals which aren't properly trained.  Unfortunately, the one's being penalized in this process are the buyers.

For more information on the number of delayed closing nationwide and a better grasp of the impact this could have, please take a moment to reach the statistics put out by the National Association of REALTORS.