Time is running out on the homebuyer tax credit.
Use any metaphor you want: the ticking clock, sands running through the
hourglass or pages falling away from the calendar. The fact is, time is
running out to claim the $8,000 first-time homebuyers tax credit.
The average has been taking around 90 days to close on a house after a
contract is signed, buyers have very little time left to act. As of
Thurs., Aug. 27, there were only 96 days left before the credit ends.
The credit does not have to be repaid.
The bad part: It ends on Dec. 1.
Keller Williams Real Estate