About Dekalb County, GA

For all those 1st time homebuyers who had trouble finding "the one" in time for the tax credit, you now have a few more months to contact me and we'll ensure you get a great deal and a quick return from Uncle Sam.

Congress has extended and expanded the homebuyer tax credit. It has passed by both the House & Senate and will be signed off by President Obama in the next few days. The modifications will become effective when President Obama signs the bill. All changes made to the current credit become effective on that date, as well.

December 1 - April 30, 2010 Rules

First time Buyer - Definition for Eligibility

May not have had an interest in a principal residence for 3 years prior to purchase

Current Homeowner - Amount of Credit $6500 ($3250 married filing separate)

Effective Date - Current Owner

Date of Enactment

Current Homeowner - Definition for Eligibility

No Provision Must have used the home sold or being sold as a principal residence

consecutively for 5 of the previous 8 years

Termination of Credit

Purchases after April 30, 2010 Binding Contract Rule None So long as a written binding contract to purchase is in effect on April 30, 2010, the purchaser will have until July 1, 2010 to close.

Income Limits:

Effective Date of Enactment

Antifraud Rule

Atlanta Home Search - Georgia Real Estate

B R E A K I N G   N E W S ! ! !

Moments ago, the House voted 403-12 to expand and extend the Homebuyer Tax Credit (as part of the Unemployment Insurance Bill).  The bill is now on its way to President Obama for his signature... so this is ALMOST a done deal!

The agreement on the extension and expansion of the credit is as follows:

• Credit available for purchases before May 1, 2010. Prospective purchasers with binding contracts in place as of April 30, 2010 will be allowed an additional 60 days to complete the transaction. 
• Credit remains at $8,000 for first-time purchasers. No change to definition of first-time purchaser.  
• NEW $6,500 tax credit for REPEAT BUYERS who purchase between December 1, 2009 and May 1, 2010. Repeat buyers must have lived in their homes consecutively for 5 of the previous 8 years.  
• Income limits are expanded to $125,000 on a single return and $225,000 on a joint return. Current law $20,000 phase-out retained.  

     *New anti-fraud limitations will be imposed.  Stay tuned for more details.

    >>>  SEE ARTICLE ON CNN.com

If you, your friends, neighbors, co-workers or family are looking to buy a home soon, please let us know how we can help before the April 30 deadline.

********************************************************

  Thank you for visiting our Atlanta Real Estate Blog!

Posted by:  Kerry Lucasse - Atlanta GA Real Estate Agent - Atlanta Home Search Team
The ATL Home Search Team is part of Keller Williams Realty,
specializing in Intown Atlanta Real Estate, Condos, Lofts and Historic Homes

CALL ANYTIME AT 404.432.1844

This is a graph of ALL sales in DeKalb County for the past three years. We are almost back to the average sales price of a year ago! Plus, the trend is in the right direction. Good stuff.

It's beyond me how some business models function but MagCloud will produce a very slick 8.5 x 11 magazine for you. These mini-mags might be great for marketing a listing. Don't you know that buyers would be blown away. I have a friend who did an 8 page magazine instead of a resume! It really looked nice. He said it ran about $.015 a page (plus shipping and handling). I don't think you can even do color copies for that. Get it while it lasts.

8th Annual Decatur Wine Festival - Decatur GA

Come taste over 350 domestic and imported wines and enjoy live music from the community bandstand during the 8th annual Decatur Wine Festival. The weather should be great for this event with high temps in the mid 60's.

• Saturday, November 7, 2009 1pm - 4pm
• Old Courthouse Square in Downtown Decatur, GA
• Tickets are $30 per person
• Admission includes a commemorative wine glass
• No one under 21 allowed
• No animals allowed

The Decatur Wine Fest is sponsored by the Decatur Arts Alliance.

Tickets are available from Ticket Alternative or from the Decatur Package Store on Clairmont Rd in Decatur, GA next to the YMCA. Tickets are limited to 1,500 people.

This event is just one of the many events in Decatur GA and is one of the reasons why Decatur is a great place to live, work and play.

If you are thinking of buying or selling real estate in or around Decatur, GA contact Realtor Jen Bowman, Broker Associate & e-PRO with Success Realty at 404-456-5024. Homes currently on the market intown Decatur range in price from $89K to $1,500,000. There really is something for everyone.

View more of the Georgia Real Estate Voice. Search Decatur GA homes for Sale