Sunshine Properties says time is of the essence in taking advantage of homebuyer tax credit

FALLBROOK — The average home purchase takes approximately 45 to 60 days to close.

With that in mind, Sunshine Properties GMAC Real Estate said last week that local consumers hoping to own their first home and take advantage of the federal government’s $8,000 tax credit must act quickly, since the unprecedented offer expires December 1.

“Time is quickly running out for first-time buyers to claim this unusual and generous federal tax credit,” said Samee Foster of Sunshine Properties GMAC Real Estate. “What makes the $8,000 credit even more appealing is that it can also be used toward a down paym...