The extended and expanded Homebuyer Tax Credit is great news for Philadelphia homebuyers who will continue to benefit from additional incentives that are helping to spur demand.
Here are two of our local clients who explain how they have benefited from the Homebuyer Tax Credit:
First time home buyer Patrick Keenan who recently purchased his first home in Old Kensington said, “The tax credit was an excellent opportunity for me to be able to upgrade and add value to my home without incurring additional debt.”
And
Jessica McKay a first time buyer in Fishtown had this to say, "I think the tax credit is a great idea. It entices and encourages new homeowners who might be hesitant to buy in this type of market. The credit also increases spending and innovation since most people will spend the money once they get it on home renovations or possibly another project. For example, I plan on using the money to help start a free or low-cost after school music program for Fishtown students"
Additionally, home owners making plans to list and sell their homes in this timeframe will also see great benefits.
Read the full article that the Somers Team wrote for Spirit Community Newspapers on the Home Buyer Tax Credit.
We encourage you to contact us with any questions you may have on the Homebuyer Tax Credit and if you need assistance with purchasing or selling your home.
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If interested in buying or selling properties in Philadelphia, contact Chris and Stephanie Somers at thesomersteam@yahoo.com or 215-400-2612. For investment properties, check out our new investor site at Philly Investor Hub! If interested in checking out our new office in Northern Liberties, let us know !
The Somers Team - Philadelphia Real Estate
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Areas of specialty include: Northern Liberties, Old City, Center City, Fishtown, Graduate Hospital, Art Museum, Queen Village, Pennsport, Old Kensington, Port Richmond, Bridesburg, Society Hill, Loft District, Spring Garden and more !
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