Tuesday, September 22, 2009
NLBMDA News - Support Builds for Extension of Homebuyer Tax Credit
Senate Majority Leader Harry Reid (D-NV) last week joined Sens. Benjamin Cardin (D-MD) and John Ensign (R-NV) in sponsoring legislation (S. 1678) to extend the first-time home buyer tax credit for six months, and allow buyers to claim the credit for either 2008 or 2009. Staunch housing advocate Sen. Johnny Isakson (R-GA) and Sen. Debbie Stabenow (D-MI) have also cosponsored the bill. Read more.
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Any buyer should ensure that he has the capacity to pay for a house. The seller must be sure that the buyer is qualified in purchasing before approving the offer. Conducting home inspection can also help if in case there are some minor problems in negotiating with the seller.
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