Quote of the day: the clock is ticking

“If they want to do a regular traditional [purchase], I think we can get it done, but you’d better have everything in place. You’d better have your mortgage in place, which is the most time-consuming part of the transaction, and a [property] identified… Everything has to happen very speedily.”

Genie Birch, a Realtor with Koenig & Strey GMAC Real Estate and president of the Chicago Association of Realtors, in a Sun-Times story about the looming deadline for the $8,000 first-time buyer tax credit. The offer expires Nov. 30.

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