"Real Estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full and managed with reasonable care, it is about the safest investment in the world."
Who said it? Franklin Delano Roosevelt (1882-1945)
It just goes to show that we shouldn't be afraid to buy that house or piece of property, especially now when prices are as low as they've been in a long, long time.
Think about it!
Have a wonderful, fun Memorial Day weekend!
Linda
Thursday, May 21, 2009
Tuesday, May 19, 2009
RED DAY- Keller Williams North Atlanta Gives Back
Watch and listen as Realtors from Keller Williams North Atlanta spend the day on a volunteer Extreme Home Makeover in Alpharetta!
I'm so proud to be part of a company that really cares about our neighbors and neighborhoods.
I'm so proud to be part of a company that really cares about our neighbors and neighborhoods.
Wednesday, May 13, 2009
Breaking News- Georgia State Tax Credit
You read it here first! Thanks to Christine Witzel, Suntrust Mortgage, for this latest update.
Here is the current HB 261 bill in a nutshell- what it takes to qualify for the added State Tax Credit in addition to the existing Federal Tax Credit.
1) The tax credit applies to single-family homes and condos if purchased as your primary residence.
2) The property must be for sale prior to the effective date and still for sale after the effective date (May 11, 2009) OR
3) The property must be in default on or before March 1, 2009 or has already been foreclosed and is held by a mortgagor.
4) On the first day of the month after the effective date of the law, the purchase of a home meeting the criteria above within the next six months would be eligible for the tax credit.
5) The tax credit is limited to 1.2% of the purchase price or $1,800, whichever is less.
Here is the tricky part-
6) You can only claim, at most, 1/3 of the tax credit in any one year, beginning with your 2009 tax return.
7) One final caveat: If you're purchasing a home, be sure to request a copy of the necessary documents to maintain for your tax records to document how the home qualified for the tax credit, whether it is because it was listed prior to the effective date OR because it was delinquent or had been foreclosed.
8) This is NOT limited to first-time home buyers.
Any questions? e-mail me at Linda@LindaSchulteHomes.com
or contact Christine at www.suntrustmortgage.com/witzel.
Here is the current HB 261 bill in a nutshell- what it takes to qualify for the added State Tax Credit in addition to the existing Federal Tax Credit.
1) The tax credit applies to single-family homes and condos if purchased as your primary residence.
2) The property must be for sale prior to the effective date and still for sale after the effective date (May 11, 2009) OR
3) The property must be in default on or before March 1, 2009 or has already been foreclosed and is held by a mortgagor.
4) On the first day of the month after the effective date of the law, the purchase of a home meeting the criteria above within the next six months would be eligible for the tax credit.
5) The tax credit is limited to 1.2% of the purchase price or $1,800, whichever is less.
Here is the tricky part-
6) You can only claim, at most, 1/3 of the tax credit in any one year, beginning with your 2009 tax return.
7) One final caveat: If you're purchasing a home, be sure to request a copy of the necessary documents to maintain for your tax records to document how the home qualified for the tax credit, whether it is because it was listed prior to the effective date OR because it was delinquent or had been foreclosed.
8) This is NOT limited to first-time home buyers.
Any questions? e-mail me at Linda@LindaSchulteHomes.com
or contact Christine at www.suntrustmortgage.com/witzel.
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