$8,000 Tax Credit
The $8,000 first-time homebuyer tax credit expires December 1st. The usefulness of the credit diminishes daily if the credit is not extended well before that date.
A homebuyer is eligible for the tax credit only if the home is “purchased” before December 1st. Buyers have to find a house, complete a contract, satisfy any contingencies, secure financing and go to closing by November 30th

