Expiring Home Buyer Tax Credit

I appeared on Good Day Philadelphia this morning to inform people who are considering purchasing a home to make a move in light of the pending expiration of the Home Buyer Tax Credit.   In order for qualified first time home buyers to take advantage of an $8,000 tax credit and qualified repeat home buyers to take advantage of a $6500 tax credit, an agreement to purchase a home must be reached before April 30 and the transaction must be closed by June 30.  It’s rare for the federal government to give away money to everyday people, but that is the case with this tax credit, so take advantage of it.  Learn more about the eligibility requirements for the home buyer tax credit by visiting www.realtor.org or give me, Peter Bishop, a call at 215-732-7427.