Sara...short answer...........no one knows....but we'll all soon find out....stay tuned!

The Federal Tax Credit, established by the American Reinvestment and Recovery Act is valid for homes that are closed prior to December 1st (closed by November 30th). There are many legislators vying for an extension, or expansion of the credit. However, nobody knows if the credit will be extended, and if so, under what terms. The bottom line is the bird in a hand theory- you know you can get the credit now, and do not know if it will be available in the future. Though time is limited, you can still get into contract this week, and reasonably be able to close in time for the credit.