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Did you miss the tax credit deadline? If so, what happens now? |
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Extension of Tax Credit Deadlines 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.... |
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Special Rules for Members of the Military, the Foreign Service and the Intelligence Community. |
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"I am a HUD certified 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 |
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Common questions about HUD homes 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! |
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Contact Shannon: Office 404.843.2500 Direct 678.579.8331 Gwinnett Office 3330 Satellite Blvd. Suite 1 Duluth, GA 30096 |
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There is NO CATCH!! The government has passed the 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...... |
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Search the largest database of Atlanta homes for sale- over 70,000 HOMES more than any other website! |
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"Call me today to learn nore about how you can take advantage of this $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' |
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Shannon K. Byrdsong Realtor |
Did you purchase before Jan. 1, 2009? Then you are eligible for the $7500 tax credit. |
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