Sunday, March 1, 2009
First time buyer incentives abound
There are numerous advantages to purchasing a home this year. In addition to the low interest rates, high levels of offordability, and incredible deals due to the financial crisis, there is an additional $8000 or 10% of purchase price (which ever is less) tax credit for first time home buyers. In order to qualify for the tax credit, you would not have owned a home for the past three years, and the purchase must be made between 1/1/2009 and 11/30/2009. Unlike the previous $7500 tax credit, this is not a loan and does not require repayment if purchased within the specified time period. However, in this unpredictable market, the buyers must exercise caution not to get into homes they cannot afford.
If you are looking for a great deal in the Atlanta and surrounding areas, I can help you find a bargain and represent your best interests. Be sure to read the differences between exclusive and non exclusive agreements and why you should work with an agent even if you are buying a brand new home.