Will the Home Buyer Tax Credit be extended? That is the burning question in the minds of many realtors, builders, would be home buyers and sellers alike.  The National Association of Realtors and The National Association of Homebuilders have recently launched campaigns emphasizing the pros for the economy of the credit and urge Congress to extend.  There are many unanswered questions and potential changes involved if the legislation is extended: will the credit remain 10% of the purchase price up to $8,000, will it apply only to first time buyers, will the income cap remain?  What we do know is that the original approved program has been well received and there is still time to purchase and qualify for the tax incentive.  BUT TIME IS RUNNING OUT...You have to PURCHASE your home by December 1st, 2009 - this means obtain financing approval, identify the property, get the property under contract, and fully execute the closing transaction by December 1st.  If you qualify for this tax credit and are considering buying, but hanging on the fence... you need to get moving!  Our team can help you streamline this process and assist you in deciding if this great incentive opportunity is right for you.  Contact Jay Robinson and Robinson Real Estate at 423-304-6114 and one of our experienced Buyer Specialists can answer all of your questions.

Jay Robinson