Are you taking advantage of the $8000 new home buyer tax credit? The new law refers to the tax credit as a first-time home buyer tax credit, but the law defines a first-time home buyer as someone who has not owned a primary residence for 3 years prior to the date of purchase of the new home. So as long as you have not owned a home in the past 3 years, you would qualify for this credit.
Here are the basics to this specific tax credit:
* The home must be your primary residence
* The home must be purchased in 2009
* The homebuyer must not have owned another primary residence for at least 3 years
* The $8,000 credit is applied to the federal income taxes you file in 2010 for the 2009 year.
* You must live in the home as your primary residence for at least 3 years or you'll have to pay the credit back to the federal government
* Single filers are limited to income of $75,000 and $150,000 for joint filers.
If you qualify and would like to take advantage of the tax credit at a time when mortgage rates and home prices are low,
contact us today. It's a fantastic time to buy a home in the Cumming, Alpharetta and Lake Lanier area, especially since you may also qualify for the new $1800 home buyer tax credit passed in Georgia.
The new Georgia Homebuyer tax credit makes for a powerful new home stimulus plan when combined with the Federal $8,000 first-time homebuyer tax credit. For more information on the Georgia Tax Credit
click here.
Call us today! It's a great time to buy in Georgia! Also, check out the
foreclosure listings in the area through a special link on our website.
Labels: buyer, federal, first time, foreclosure, georgia, listing, new home, real estate, tax credit, vanderhoff
This charming ranch home is located in Hutchinson Pointe, a great swim/tennis community in Forsyth County. It's conveniently located with great shopping, restaurants, GA 400 and downtown Cumming all just a few minutes away. This home is perfect for first time homeowners or empty nesters. It's easy to maintain with vinyl siding and a brick front. The interior is open with a roomy floorplan. The large private patio and quiet cul-de-sac are great for relaxing, or visiting with friends.
For more information and photos click on the property address above, or visit
www.VanderhoffRealEstate.com and select the
Featured Listings. To schedule a showing contact Mike at 770-888-9269 or Mike@VanderhoffRealEstate.com.
Labels: cedar springs, community, cumming, for sale, forsyth county, Home, hutchinson pointe, listing, subdivision, swim, tennis
This fantastic 5 bedroom, 4 bath traditional home with full daylight basement is located at
11225 Hambleton Way in highly sought after Johns Creek, Georgia. All new Hardiplank siding and carpet. Hardwoods in the kitchen, entry and hall. The kitchen has been updated with granite countertops, slate tile backsplash and antique stained cabinets. This home is immaculate, features neutral colors throughout, and is ready for you to move in! For more information and photos, click on the address above, or visit
www.vanderhoffrealestate.com and select the
Featured Listings link.
Contact us to schedule a showing and assist you with your next real estate purchase.
Labels: basement, Huntington, johns creek, listing, vanderhoff real estate
