 | **NOTE-FIRST TIME BUYERS-Up to $8,000 Federal tax credit through 4/30/2010(Must Close no later than 6/30/2010)!! **NOTE-OWNERS OF PROPERTY for at least FIVE years are NOW receiving a $6,500 Federal tax credit through 4/30/2010(Must close no later than 6/30/2010)!! SEE MESSAGE BELOW FROM CNN MONEY ON THE RECENT TAX CREDIT INCENTIVE UP TO $8,000** Welcome to the Diana McBride Team at RE/MAX Around Atlanta, your source for Atlanta real estate. Diana is an AWARD-WINNING RE/MAX AGENT that is here to SELL your home not just LIST it!! With challenging market conditions, you need an agent that is the very best and has a lot of experience and marketing ideas and innovative marketing and staging techniques to make your home stand out "Above The Crowd"!!. RE/MAX has strong brand recognition, highest TV advertising share of voice, and a powerful website with over 5 million home listings online. REMAX.com now ranks number TWO among the most popular real estate websites and is the number one real estate company website according to Hitwise, a leading online competitive intelligence service. RE/MAX spends $1 Billion annually on advertising on Early Morning Shows, Evening News,Primetime, Cable, Broadband Video, Radio, Olympics, NFL, NCAA,People Magazine, Time Magazine, and the Internet. Chances are, if you have a favorite television show, watch sports, read magazines, or get online you have seen a RE/MAX ad. RE/MAX also invests in outdoor advertising with billboards, wrapped buses, benches, signs, and the famous RE/MAX hot air balloon. For pre-foreclosure homes, I am also a Certified Short Sale Specialist. If you qualify, I will help you to negotiate the best possible terms with the bank to potentially save your home from foreclosure. Don't wait until your home is almost in foreclosure, call Diana at 404-394-8015 today. The sooner I can work with the bank, the faster we can try to obtain a resolution to your pre-foreclosure issue. Call Diana today at 404-394-8015 to discuss your home buying or selling needs. Here's more information from CNN Money on the $8,000 tax incentive for First-time purchasers NEW YORK (CNNMoney.com) -- There's a nice windfall for some homebuyers in the economic stimulus bill signed into law this week by President Obama. First-time buyers can claim a credit worth $8,000 - or 10% of the home's value, whichever is less - on their 2008 or 2009 taxes.
A big plus is that the credit is refundable, meaning tax filers see a refund of the full $8,000 even if their total tax bill - the amount of witholding they paid during the year plus anything extra they had to pony up when they filed their returns - was less than that amount. But there has been a lot of confusion over this provision. Adam Billings of Knoxville, Tenn. wrote to CNNMoney.com asking:
 "I will qualify as a first-time home buyer, and I am currently set to get a small tax refund for 2008. Does that mean if I purchased now that I would get an extra $8,000 added on top of my current refund?"
The short answer? Yes, Billings would get back the $8,000 plus what he'd overpaid. The long answer? It depends. Here are three scenarios:
Scenario 1: Your final tax liability is normally $6,000. You've had taxes withheld from every paycheck and at the end of the year you've paid Uncle Sam $6,000. Since you've already paid him all you owe, you get the entire $8,000 tax credit as a refund check.
Scenario 2: Your final tax liability is $6,000, but you've overpaid by $1,000 through your payroll witholding. Normally you would get a $1,000 refund check. In this scenario, you get $9,000, the $8,000 credit plus the $1,000 you overpaid.
Scenario 3: Your final tax liability is $6,000, but you've underpaid through your payroll witholding by $1,000. Normally, you would have to write the IRS a $1,000 check. This time, the first $1,000 of the tax credit pays your bill, and you get the remaining $7,000 as a refund.
To qualify for the credit, the purchase must be made between Jan. 1, 2009 and Nov. 30, 2009. Buyers may not have owned a home for the past three years to qualify as "first time" buyer. They must also live in the house for at least three years, or they will be obligated to pay back the credit.
I am your Georgia real estate expert for buying or selling real estate in any of the following cities. Acworth, Atlanta, Alpharetta, Buckhead, Canton, Cumming,Dallas, Douglasville, Duluth, Dunwoody, Johns Creek, Kennesaw, Lawrenceville, Lilburn, Loganville, Mableton, Marietta, Milton, Norcross, Roswell, Sandy Springs, Smyrna,Snellville, Suwanee, Woodstock, and Vinings. I can also help you find real estate for sale in other cities in Cherokee County, Cobb County, DeKalb County, Douglas County, Forsyth County,Fulton County, North Fulton County, and Gwinnett County. In today's competitive real estate market, timing is everything. Many good homes are sold before they are ever advertised. Beat other homebuyers to the hottest new homes for sale in Atlanta with my New Listings Notification. |