“World's Most Complete Neighborpedia”
Explore:   What's happening in your neck of the woods?

The Gebhardt Group - North Metro Atlanta Real Estate

What You Need to Know About the $8,000 Federal First-Time Homebuyer Tax Credit

Surely, by now, you have heard about the $8,000 Federal Tax Credit for First-Time Homebuyers for 2009. It truly is an amazing time to be a first-time homebuyer! The government is practically paying you to buy a home!

Here are a couple of things that you need to know about the $8,000 Federal Tax Credit for First-Time Homebuyers, which may help you to make up your mind to become a homeowner!

  • The tax credit is equal to 10% of the purchase price of the home up to $8,000, whichever is less.
  • The amount of credit you receive is also influenced by your Adjusted Gross Income (AGI), whether you file individually or jointly - see charts below for the amounts
  • Any single-family residence in the United States that will be used as your principal residence- in other words, you will live in this home the majority of the time - this includes single-family detached homes, condominiums, townhomes, co-ops, lofts, and any other new or existing dwelling
  • The tax credit directly reduces the amount you owe when you file your taxes - for example, if you owe $2,000 for your 2009 taxes,you would receive a refund of the remainder of the credit, equally $6,000
  • You do not have to repay the 2009 tax credit, however, you cannot sell your home within three years of the purchase date, otherwise the government will recapture the amount of the credit you received - in other words, they will take it back
  • You must complete Form 5405 and submit it with your taxes in order to receive the credit and provide proper documentation - please consult your accountant or other tax professional before submitting for your tax credit

Individual Chart

Married Couples Chart

For even more detailed information about the $8,000 Federal First-Time Homebuyer Tax Credit, please click here.

Are you a resident of Georgia? Then we have even more exciting news for you! From now until November 30, all homebuyers in Georgia - not just first-time homebuyers - are eligible for a state tax credit, too! For more information about the Georgia Homebuyer Tax Credit, please click here!

If you have any questions about buying your first home, please give The Gebhardt Group a call today! We would be happy to answer any questions that you have and help you achieve your tax credit!

Subscribe to The Gebhardt Group's Real Estate blog today!

Maura Neill, ABR, CRS, MA
The Gebhardt Group
RE/MAX Greater Atlanta
10220 Medlock Bridge Road
Johns Creek, GA 30097

(770) 238-0595
email: Maura@GebhardtGroup.com
website: http://www.GebhardtGroup.com/
blog: http://www.GebhardtGroupBlog.com/

Senator Isakson's 1st First-Time Homebuyer Workshop a Success!

First Time Homebuyer Workshop

I had the distinct pleasure to attend Senator Johnny Isakson's first official First-Time Homebuyer Workshop on Saturday, June 27, on behalf of the Atlanta Board of REALTORS®. With about 100 attendees, many potential, interested first-time buyers, Senator Isakson's staff thought the event was a successful first try.

With representatives from the Department of Housing and Urban Development (HUD), FHA, the VA, the Small Business Administration (SBA), and Mortgage Bankers of Georgia, as well as the Georgia Association of REALTORS® and the Atlanta Board of REALTORS®, attendees had an opportunity to learn With Senator Isaksonabout available loan programs, the importance of surrounding oneself with licensed and qualified REALTORS®, inspectors, loan officers, and anyone else who is assisting with the process.

In his opening remarks, Senator Isakson urged buyers that now most certainly is a great time to buy, with increased inventory, historically low interest rates and the amazing tax credits available on both the Federal and State of Georgia levels.

The current tax credits - both the $8,000 Federal tax credit for first-time homebuyers and the $1,800 Georgia tax credit for allbuyers (not just first-time homebuyers) - were topics of interest for many of the attendees I spoke to. If you would like more information on these credits and how they can work for you, please email me at Maura@GebhardtGroup.com and I will send you detailed information.

In addition, if you are thinking about buying your first home, please feel free to visit our website www.GebhardtGroup.com to search all homes currently on the market in the Metro Atlanta area. Let The Gebhardt Group work for you!

Subscribe to The Gebhardt Group's Real Estate blog today!

Maura Neill, ABR, CRS, MA
The Gebhardt Group
RE/MAX Greater Atlanta
10220 Medlock Bridge Road
Johns Creek, GA 30097

(770) 238-0595
email: Maura@GebhardtGroup.com
website: http://www.GebhardtGroup.com/
blog: http://www.GebhardtGroupBlog.com/

Today is "Take Your Dog To Work Day" - Did Your Pooch Go to the Office?

Charlie at workToday - Friday, June 26 - is Take Your Dog To Work Day, according to my HUmane Society of the United States wall calendar!

Since I work from home, I get to take my pooch to work every day - or rather, I'm lucky enough to be able to spend a lot more time with him than if I had a regular 9-5 job. And for that, I consider myself lucky! But poor Charlie! He never gets to get that special attention that he would get if he could accompany me to my office!

So in honor of Charlie and all the other doggies whose "moms" and "dads" work from home and never get to go into work, I invite you to post pics of your pups in the comments below - at work, at play, at rest, whatever your pooch does all day while you work! Post your photos so we can all admire your adorable canine buddies!

Charlie says, "Throw all commenting etiquette out the window and honor your favorite canine by posting his or her pics here!"

Charlie at his office

And since Charlie's idea of a "day at the office" is really more like a day at the dog park - here he is with his "office mate" Duke, at a Saturday morning "networking event." Here they are at Newtown Park in Johns Creek, GA - one of our favorite dog parks - right around the corner from home!

Have a wonderful day - and go play with your pup!

Subscribe to The Gebhardt Group's Real Estate blog today!

Maura Neill, ABR, CRS, MA
The Gebhardt Group
RE/MAX Greater Atlanta
10220 Medlock Bridge Road
Johns Creek, GA 30097

(770) 238-0595
email: Maura@GebhardtGroup.com
website: http://www.GebhardtGroup.com/
blog: http://www.GebhardtGroupBlog.com/

Join Me Tomorrow at U.S. Senator Johnny Isakson's First-Time Hombuyer Forum!

Are you thinking of buying your first home? Now is a great time to buy, especially in Georgia. Why?

  • Prices are at or below 2003 levels
  • Buyers have amazing choices in inventory
  • Interest rates are still historically low
  • Federal $8,000 tax credit for first-time homebuyers
  • Georgia $1,800 tax credit for ALL buyers
  • Money is available to well-qualified buyers
  • FHA loans may be obtained with just 3.5% down
  • Atlanta's population continues to grow, so that while prices may be down now, they are very likely to return to normal levels of appreciation in the near future

What are you waiting for?

If you'd like to find out more, please join U.S. Senator Johnny Isakson and me tomorrow - Saturday, June 27 from 10 AM to 12 PM at Gwinnett Technical College, located at 5150 Sugarloaf Parkway, Lawrenceville, Georgia 30043. U.S. Senator Johnny Isakson welcomes you to a free workshop for first-time homebuyers, offering information about homeownership opportunities. Government agencies will be on hand to offer advice and answer questions.

First-time Homebuyer Forum

I'll be there - will you? Come meet me at the Atlanta Board of REALTORS® booth - stop by and say hello!

Please RSVP by email to rsvp@isakson.senate.gov or phone (770) 661 661-0999. RSVPs are still being accepted for this great event!

Subscribe to The Gebhardt Group's Real Estate blog today!

Maura Neill, ABR, CRS, MA
The Gebhardt Group
RE/MAX Greater Atlanta
10220 Medlock Bridge Road
Johns Creek, GA 30097

(770) 238-0595
email: Maura@GebhardtGroup.com
website: http://www.GebhardtGroup.com/
blog: http://www.GebhardtGroupBlog.com/

You're Invited - Senator Johnny Isakson's First-Time Homebuyer Forum - Saturday, June 27, 10 AM- 12 PM

You're Invited!

Senator Isakson's First-Time Homebuyer Forum

U.S. Senator Johnny Isakson welcomes you to a free workshop for first-time homebuyers, offering information about homeownership opportunities. Government agencies will be on hand to offer advice and answer questions. The workshop will take place THIS Saturday, June 27, 2009, from 10:00 am to 12:00 pm at Gwinnett Technical College, located at 5150 Sugarloaf Parkway, Lawrenceville, Georgia 30043.

This is sure to be a great event, sponsored by Senator Johnny Isakson, who is a REALTOR® by trade and a great advocate of homeownership. If you are thinking about buying your first home, this is an event you can't afford to miss!

I'll be there - will you? Come meet me at the Atlanta Board of REALTORS® booth - stop by and say hello!

Please RSVP by email to rsvp@isakson.senate.gov or phone (770) 661 661-0999.

Subscribe to The Gebhardt Group's Real Estate blog today!

Maura Neill, ABR, CRS, MA
The Gebhardt Group
RE/MAX Greater Atlanta
10220 Medlock Bridge Road
Johns Creek, GA 30097

(770) 238-0595
email: Maura@GebhardtGroup.com
website: http://www.GebhardtGroup.com/
blog: http://www.GebhardtGroupBlog.com/