People considering taking advantage of the federal plan to get an $8,000 tax credit for a home need to act soon. The program ends December 1.

For anyone who has not owned a home in the past three years, this is a good deal and can also be combined with any other programs.

“It’s just like Cash for Clunkers,” said Robert Dye, a senior economist for PNC Financial Services Group. “It runs the risk of a let-down as the program runs its course.”

Anyone considering purchasing a home should already have their finances together and not jump into anything just because they can get the additional $8,000. For some, the additional money will help increase the cost o f the home a person may be able to purchase. The program is a bonus to those who were intending to buy a home anyway.

Only about 90 days until the program ends; serious homebuyers, get moving.