| Welcome to my real estate Web site. In addition to my property listings and open house schedule, you'll find other useful information such as online resources for buyers and sellers. There is also a loan calculator for your convenience. If you have any questions about the processes of buying or selling a home or if you need assistance in any way, I can easily be contacted by pressing the contact button at the bottom of the page or Call Lee @678-770-8821. First Time Homebuyer Credit up to $8000. 1st Time homebuyer is defined as an individual who has not had an ownership interest in a Principal residence in the three year period ending on the date of purchase (IRC section 36(c)1). American Recovery and Reinvestment Act of 2009 apply to purchases made between Jan 1 and Nov 30, 2009. The amount of the credit is 10% of the purchase price of the residence up to $8000. The credit is phased out for higher-income taxpayers. The 2009 act eliminates the recapture requirement unless the taxpayer sells the home or stops using it as a principal residence within three years of the date of purchase. Governor Perdue signed the Georgia Homebuyer Tax Credit this week, which is GREAT news for Georgia home buyers. The bill will offer up to $1,800 in tax credits to Georgia homebuyers via a credit on their state income tax. House Bill 261 gives a credit of either $1,800 or 1.2 percent of the purchase price, whichever is less. (You can only claim one-third of the credit each year, beginning with your 2009 Georgia tax return.) The purpose of the bill is to create a stimulus for home sales, and give a boost to the Georgia real estate market. Here is how the Georgia Homebuyer Tax Credit applies to home purchases: - Applies to single-family homes and condos if they are your primary residence
- The property must have been for sale prior to May 11, 2009 and must still be for sale
- The property must be in default on or before March 1, 2009
- The property has already been foreclosed on and is held by the bank or mortgage company
Homes purchased between June 1 and November 30, 2009 that meet the criteria will be eligible for the tax credit. 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. It is a great time to buy a home, let’s go shopping! I could also list your home as Low as 1.5% Listing Commission (for homes Million & Up) ! Includes a Listing in the Multi-Listing Service which is viewed by Real Estate Agents, Realtor.com and many other internet sites. I will also print color flyers...etc. **Call for Detail -770-271-3477 ask for Lee Tam, CPA, EA, Realtor
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