Great news for anyone planning to buy a home in the next 6 months. Georgia Governor Sonny Perdue
signed HB 261 into Law on May 11, 2009 which will provide for an income tax credit for homebuyers in the state of Georgia. The legislation applies to new and previously occupied homes as well as residences that have been foreclosed. The credit could be used either for houses and condominiums and either on primary or secondary residences. In order to qualify, homeowners will need to apply for the credit within six months of the date the governor signs the bill (5/11/2009). According to the bill, the amount of the credit will be either 1.2 percent of the purchase price of such eligible single-family residence or $1,800.00, whichever is less. To read the bill signed by Governor Perdue,
click here. Please note that this is available to all homebuyers, not just first time homebuyers. So take advantage of it before it's gone in six months!
Now, if you are a first time homebuyer, or have not owned a home in the past 3 years and are thinking about purchasing a home, now is the time to do it. With the new Georgia Tax Credit, the Federal First Time Homebuyer Tax Credit, Extremely Low Mortgage Rates and Such Great Deals On Homes, it's a great time to take that next step into Home Ownership!
Check out all of the available homes in the
Milton,
Alpharetta,
Cumming,
Dawsonville,
Dahlonega,
Lake Lanier &
Surrounding areas on our website.
Click here to customize your property search. Plus, with our website you can remain anonymous as there is no need to register to search for properties. We just ask that you please consider using our team at
Vanderhoff Real Estate for your next home purchase.
Labels: first time home buyer, georgia, hb 261, home buyer, mortgage rates, tax credit
