There is only 73 days left for the First Time Buyer $8000. tax credit. I showed this week in Southwest and South Austin and found several really nice homes in the $160,000 to $225,000. price range. The mortgage companies are taking longer to qualify and close, so this time limit to close by Nov. 30th is to start looking now and get under contract with in the next 3 weeks if you want to take advantage of this $8000. free money from the government. This $8000. free money, does not have to paid back. Get ready to start looking now so you can be in your new home by the Holidays.