November 2009

There are 1 blog entries for November 2009.

TAX CREDIT EXTENSION and ADDITIONS

Friday, November 6th, 2009 at 9:17am. 1217 Views, 0 Comments.

The $8000 Tax Credit was set to expire on December 1st 2009.  We are happy to announce that both the United States Senate and House have passed an extension and expansion of the Home Buyer Tax Credit.  The bill is on the way to the President to sign and make official.  This is great news for buyers and sellers of real estate in metro Atlanta and north Georgia.     

 

Overview Of The New Home Buyer Tax Credits:

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      • The $8,000 1st Time Home Buyer Tax Credit Is Extended. Binding contracts must be executed by 4/30/2010 and closed by 6/30/2010. 
      • New $6,500 Tax Credit Is Expanded For Move-Up Buyers.  The Buyer must have lived in their current residence for 5 of the past 8 years.  They must live in their new residence for a minimum of 3 years after the…

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