GREG GARDNER

Your Atlanta Home Source

First time home buyers

First-time Home Buyer Tax Credit

Congress has enacted into law an $8,000 first-time home buyer tax credit as part of the $787 billion stimulus package. Here are 6 things to know about the tax credit.

1) First-time home buyers can receive an $8,000 tax credit for any principal residence purchased in 2009 and the credit does not have to be repaid.

2) First-time home buyer is defined as someone who has not owned a principal residence in the past three years.

3) Purchases must be made between January 1, 2009 and December 1, 2009.

4) Income limits. The credit maxes out for single tax payers who earn up to $75,000 and married or filing jointly up to $150,000.

5) Since the tax refund is "refundable", a home buyer can receive the full $8,000 even if their tax liability is less than $8,000.

6) Recapture. Home buyers have to own the home for 3 years or they have to return the money to the government with the exceptions of death or divorce.

Buying Services for Atlanta Home Buyers

Congratulations! You have decided to purchase a home, or are thinking about buying one. You'll be joining the ranks of hundreds of families who realize that home ownership offers a number of benefits including building equity, saving for the future, and creating an environment for your family. When you own your own home, your hard-earned dollars contribute to your mortgage. The equity you earn is yours. Over time, your home will increase in value.
In the following reports, you'll find the information you need to make a wise buying decision. We'll take you through the planning process step-by-step , to help you determine which home is right for you. You'll find a host of informative articles on mortgages, viewing homes, the offer, closing details and moving.

Please contact me if you have any questions about buying a home in Atlanta or elsewhere in Georgia.

Below, select desired reports and complete the form provided.

		Avoid The Most Common Buyer Errors Some buyers, however, caught up in the excitement of buying a new home tend to overlook some items. When you have a systematic plan before you shop, you’ll be sure to avoid these costly errors. Here are some tips on making the most of your home purchase.
		Buying Your First Home? Many renters are starting to think about purchasing a home of their own. This article highlights several factors that should be considered when purchasing a home.
		How Not To Pay Too Much For Your Home This article helps you become a savvy buyer, by pointing out some of the pitfalls inherent in the home-buying process.
		A Smooth Home Purchase in Six Steps Buying a home can be an emotional, time-consuming, and complex process. There are a few things that you can do to help make the process go as smooth as possible


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Calculators

Let us help you find out what you can afford! Our mortgage calculator will help you determine loan amounts, mortgage qualification, or whether you should be renting or buying.

Complete the fields below (e.g., Cost of Home, Down Payment, Monthly Income) and click Calculate Now. To view the different results of your calculation, click on the various tabs. To mail yourself a copy of your results, click the Receive this Detailed Analysis link.

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First time home buyers

Buying Services for Atlanta Home Buyers

Calculators