Time is running out for Steamboat first time home buyers who want to take advantage of the $8000 tax credit.

Buying a house takes time, and first-time homeowners need to close by November 30th in order to get the $8000 home buyer incentive.  And if you haven’t checked, November 30th happens to be a Monday.  The Monday after Thanksgiving.  (Did anyone in government even look at the calendar before picking that deadline???)

Counting back the weeks, here is what you need to consider if you are thinking of purchasing your first home:

With financing taking up to 45 days, you need to count backward on your calendar and leave a healthy 45-60 days to close on your home.  You want to make sure you aren’t sweating on the 30th trying to transfer the deed due to one glitch or another.  Because if you close on the 1st, you don’t get the $8000.

Also, you need to add a week or two in for negotiations with the seller.  If you are buying a short sale property, add a couple of months.

Finally, you’ll want plenty of time to look at places and find the perfect one for you.

Add up the time and you can see that you better get moving (pun is intended) if you are going to buy your first home this year.

Call me at (970) 819-6372 or contact me to find out if purchasing a home is right for you.