Repeat homebuyers should act now for tax credit

MILFORD — “Repeat home buyers do not have to purchase a home that is more expensive than their previous home to qualify for the tax credit,” says Realtor Donna Ruffino. Ruffino, owner of Milford’s Weichert, Realtors - Ruffino Real Estate, is reminding anyone who is seriously thinking of moving up, “or just moving,” to act now and take advantage of a federal tax credit of up to $6,500. for repeat home buyers. Repeat home buyers are defined as anyone who has owned and resided in the same home for at least five consecutive years of the eight years prior to the purchase date of a new home. Earlier, Ruffino announced the agency’s focus on first-time buyers and the $8,000 tax credit, which was likewise extended beyond its original November deadline to April 30 of this year. How tax credits are calculated and what limits exist are among the topics that agents at the Milford agency are prepared to discuss with clients. “It’s not too complicated for a trained real estate professional,” Ruffino said. “However, time is running out, so interested parties should contact a qualified Realtor as soon as they are ready to look and possibly buy,” she said. The Ruffino-Weichert office is open from 9-5 daily and until noon on Saturdays at 406 West Harford Street in Milford. “We are also available for off hour appointments to meet anyone’s schedule,” Ruffino said. Call 570-296-7570.