John and I are asked now and again the details for the Homebuyer Stimulus Plan and so I thought I would list what is currently in place for the plan……..
For first time buyers, in order to get the $8,000 tax credit, a property must be under contract by April 30th, 2010 and close by July 31, 2010.
And for present home owners, the same dates apply to get a $6,000 tax credit to buy an additional property, and DO NOT have to sell their existing home. This would give opportunity to be a landlord or have a secondary home. The home owner, though, must occupy the newly purchased home.
For more questions about the Plan or other real estate needs, call the John and Lance Team of Prudential Georgia Realty today. (404-272-3210)
(The above is believed to be true, but not guaranteed.)