From Crown Point IN through to Gary IN, those who have been hunting for a home and who are under contract – before the end of April may have felt they got a raw deal when the clock ticked past June 30th and they were waiting to cose.

However, those Northwest Indiana homebuyers who are under contract right now should be rejoicing!

Exciting news from Congress early this month; the home buyer tax credit closing deadline that expired on June 30th has been extended. In part thanks to the National Association of Realtor’s who were key in pressuring Congress to move the deadline to its new date of September 30th 2010.

 The new legislation will allow the estimated 180,000 homebuyers who are waiting for their under contract homes to close who missed the June 30th deadline to now be allowed to claim the credit if they close by September 30th, which is much more managable for lenders who have been swamped with the amount of buyers rushing loans in at the last minute to take advantage of the credit.

However, even if you are not under contract and can claim the credit, prices are still great and rates are still at historic lows – even without the credit, those considering buying a property now have an enticing market to take advantage of! Start searching now before prices and rates increase here in Northwest Indiana!

Thinking of relocating to the Northwest Indiana area? You can use our moving truck for FREE!

As one of the top producing teams of experts in our field both locally and Nationally, our full service team strives hard to make sure your real estate transaction is a truly rewarding experience.

Finding your dream home or finding a buyer is only part of the challenge of a successful transaction. Click here to search Northwest Indiana Real Estate using our complimentary Northwest Indiana Real Estate MLS Search service. Alternatively please contact Jana Caudill and the team if you need more specific assistance in your Northwest Indiana Real Estate needs. You can call the office on: 219-661-1256 or email us on: jana@janacaudillteam.com

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