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If so, what happens now?
The home buyer tax credit is available for qualified
purchases with a binding sales contract in place on or
before April 30, 2010 and closed by June 30, 2010.
However, for qualified service members who are
ordered on a period of official extended duty, these
dates are extended for one year. For these home
buyers, the tax credit applies to sales with a binding
sales contract in place on or before April 30,
2011 and closed by June 30, 2011.
A person who is forced to return to the U.S. for
medical reasons before completing an assignment of
at least 90 days of qualified official extended duty
outside of the United States may qualify for the
one-year extension. Read more....
of the Military, the Foreign
Service and the Intelligence
Community.
Realtor in Georgia.
Call me today to learn
how you can take
advantage of these
beautiful foreclosed
homes and only put
down $100 vs.
the traditional 3.5%
downpayment as
a First Time Buyer!"
-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!
Office
404.843.2500
Direct
678.579.8331
Gwinnett Office
3330 Satellite Blvd.
Suite 1
Duluth, GA 30096
American Recovery and Reinvestment Act of 2009 &
it's been extended! 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.
But quick action by Congress and President Obama
has extended the first-time homebuyer tax credit
(up to $8,000 for qualified buyers) to April 30, 2010,
and expanded the credit to move-up buyers.
*Current homeowners who have lived in their
homes consecutively for five out of the past eight
years are eligible for up to $6,500 tax credit on a
new or existing home purchased between
November 7, 2009 and April 30, 2010.
Learn more......
database of
Atlanta homes
for sale-
over 70,000 HOMES
more than any other
website!
$8000 First-Time Homebuyer Tax Credit or if you need details on the
$6500 tax credit that you may have qualified for before April 30th 2010!!
You have until April 30th, 2010 to take advantage of this wonderful
buying opportunity!"
-Shannon K. Byrdsong
Realtor with Better Homes and Garden Real Estate Metro Brokers
'The Byrdsong Team'
