How long should I wait to purchase my home? I'm interested in the proposed 15k Tax CreditI'm wondering how long I should wait to purchase a home.I know the current 8000 first time buyer credit requires me to close before Dec 1, 2009, however there are bills in the Senate and House that will push back the deadline as well as increase the 8000 credit to 15000, and remove income / first time buyer restrictions (bills S.1230, H.R.1245)There is a chance that these bills will never make it to actual law, which would mean I definately need to close before Dec 1 in order to take advantage of this credit.After saying 'for sure, i want this house', how long does it normally take to close?July 06 2009 - US00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.