Time Running Out for $8000 Tax Credit for First-Time Home Buyers - Pueblo Parade of Homes

$8000 First-Time Buyer Tax Credit Expires Soon!

Time is running out to take advantage of the $8000 tax credit for first-time home buyers. You have to close the deal by December 1st of this year.  If you have just started looking for a home, be advised you should plan for 45 to 60 days to close a home loan.  There will no longer be time to close on a home that is being sold as a short sale unless the seller has already received pre-approval to sell short.

There are bills in both the U.S. House and the Senate to extend the tax credit, to include raising the credit amount to a maximum of $15,000 and extending the benefit to cover all buyers. However, the passing of any of these bills is not a sure thing and may not happen. If you decide to wait and take the chance the tax credit might be extended, you may find that the selection of homes has decreased and that mortgage rates have increased.

Pueblo 2009 Parade of Homes

The Pueblo 2009 Parade of Homes dates are September 11-27, 2009. Homes will be open on Fridays from 1-6pm and Saturdays & Sundays from 11am-6pm. Go here for more info: http://www.puebloparade.com. Tickets ($5.00 Adults) and Magazines are available at area Loaf n' Jug Stores. This is a good chance to see the newest innovations in home building and tour the homes of some of Pueblo's best builders!

Deb