Waterfront Contemporary on Acre Lot | Awesome Home

Waterfront Contemporary on Acre Lot | Awesome Home

Good News for Wilmington NC Real Estate | Tax Credit and Flood Extension passed by Senate

Kay Baker Wilmington NC Real Estate | Wilmington New Homes Search | Covering Wilmington, Brunswick County and Pender County | Tax and Flood Extension.

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Great news for Wilmington NC real estate – The Senate passed the tax credit extension closing date today until September 30 2010, for those buyers currently under contract by the April 30th deadline, but did not get to close by the June 30th deadline, due to a backlog of contracts.  The new extension date is September 30th, 2010.  Those buyers will be able to receive the $8,000 or $6,500 tax stimulus credit

More good news for Wilmington NC real estate is that the Senate also passed the Federal Flood Insurance program extension until September 30, 2010.  This enables homes in need of flood insurance to be able to get a new policy or renew their policy and be able to be protected.  There have been alot of homes under contract that could not close because this flood insurance program was not extended.  Coldwell Banker Sea Coast Realty and the Wilmington North Carolina area welcomes these extensions. 

Thinking of buying? The interest rates are still great and the inventory of homes priced right in Wilmington NC is waiting for you to search online at www.cbbaker.com or www.kaybakerwilmington.com