You may have heard the exciting news that the First Time Homebuyer $8,000 Tax Credit has been extended. This will prove to be great news for thousands of Knox County, Ohio homebuyers and many existing homeowners who qualify for this exceptional financial incentive. I asked national real estate expert David Knox to help me explain the benefits of this extended and revised tax credit. In order for you to take advantage of this incentive you will need to buy and close your transaction before the tax credit deadline. The deadline is as follows: You must be under contract by April 30, 2010 and you must close by June 2010.