$8000 Federal Tax Credit for First Time Home Buyers -The United States Congress passed the final version of the new economic stimulus bill and it was signed into law by President Obama on Tuesday, February 17. The law includes a new $8000 Tax Credit for First Time Home Buyers (10% up to $8000) for purchasesclosed by December 1, 2009. HUD is also announcing new options that allow the Tax Credit to be used for your downpayment!
Time left for $8,000 Tax Credit
$1800 State of Georgia Tax Credit- On May 11th, the Governor signed House Bill 261 which provides a $1800 State of Georgia Tax Credit (1.2% up to $1800). This new tax credit is available for new homes, resales that were listed prior to May 11th and foreclosureproperties. Purchases must be closed by November 30th, 2009.
$14,000 Free Loan Program For Buying Foreclosures- The Georgia Department of Community Affairs also provides a $14,000 Free Loan Program with the Georgia Dream NSP program. This Neighborhood Stabilization Purchase program provides buyers of designated foreclosures a $14,000 secondary loan that is forgivable over time.
Federal Energy Tax Credits -The Federal government also provides a significant list of Energy Tax Credits for the purchase of energy efficient products including windows & doors, HVAC, water heaters, hybrids cars and more. Sellers or buyers may now invest in items that provide both tax relief and long-term monthly savings as energy prices are expected to rise.
This is great opportunity for homebuyers in metro Atlanta. There are unprecedented opportunities to buy great properties at fantastic prices. Mortgage rates are at historic lows and future value trends for Atlanta real estate are very positive.
Did you know that somenew home builders are offering incredible incentives right now? We know where the builders and banks are working together to offer the best deals!
Did you know that bank-owned properties and corporate-owned properties may be excellent buying opportunities? We work with all the banks and have "hots lists" for the best deals.
Did you know thatselectshort sales may be great buying opportunities? There are lots of "gotchas" so you need to be working with an expert in this area. Yes, we have them!
Did you know that SunTrust Mortgage is offering the most competitive mortgage rates in Atlanta? Contact us to learn why that is the case.
The Window Of Opportunity Is Officially Open - Don't Miss It!