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American Recovery and Reinvestment Act of 2009
which has important provisions about which everyone in
our industry needs to become educated and take steps to
communicate to the public to build business. One of the
most important measures available in the legislation is the
First-Time Homebuyers Tax Credit. This provision allows
first-time homebuyers a tax credit of up to $8,000.
Purchase between January 1-Dec. 1, 2009!
Office
404.843.2500
Direct
678.579.8331
Gwinnett Office
3330 Satellite Blvd.
Suite 1
Duluth, GA 30096
database of
Atlanta homes
for sale-
over 80,000 HOMES
more than any other
website!
advantage of this $8000 First-Time Homebuyer Tax
Credit!!
You have until Dec. 1, 2009 to take advantage of this
wonderful buying opportunity!"
-Shannon K. Byrdsong
Realtor with MetroBrokers/ GMAC
'The Byrdsong Team'
Georgia. Call me today to learn how
you can take advantage of these
beautiful foreclosed homes and only
put down $100 vs. the traditional
3% downpayment!"
-Shannon
1.What is a HUD Home? It is not 'low end housing'. A HUD home is acquired as
a result of a foreclosure on a FHA-insured mortgage. They vary in price,
location and condition.
2. Are HUD homes only available in certain counties? No, they are
available in nearly every county!
3. Who can purchase a HUD home? Anyone!! You do not need to sign up for
any special program or apply. Just contact me today to help you find your home.
Investors or an owner-occupant may purchase a HUD home.
4. How hard is the HUD buying process? It is a bidding process and can
take 45-60 days to close once you have an accepted contract.
5. How do I view the inside of a HUD Home? Contact Shannon Byrdsong
today or any member of THE BYRDSONG TEAM.
6. Will HUD pay my 'closing costs' for me? Yes they will! And they pay your
Realtors commissions!
7. Do I need to get these home inspected once I have an accepted
contract? Yes, you can certainly view the (PCR)-Property Condition Report.
But always get the home inspected by a certified home inspector. The Byrdsong
Team can assist you with finding a home inspector.
8. How are HUD homes priced? At fair market value. You can offer less than
what HUD is asking for the home, but remember...it is a bidding process & you
can lose the bid!
9. Is there a catch? Or do I really only have to put $100 down? It's true, as
long as you are approved for a FHA loan-your downpayment is only $100!
10. What are other incentives for purchasing a HUD home? There is a
$1000 credit given to you at closing as the buyer if we write a contact on the
home within the first 30 days of it going on the market!
