Additional $1,800 Tax Credit for Georgia Buyers

Georgia buyers can now receive an $1,800 tax credit in addition to the $8,000 federal tax credit. Governor, Sonny Perdue, signed House Bill 261 on May 11, 2009.

The $1,800 tax credit is only available for six months; you must close on a home between June 1 and November 30, 2009 to receive this credit. Here are the other important details:

• AMOUNT: the credit is equal to either 1.2% of the purchase price or $1,800, whichever is lesser
• WHO QUALIFIES: this credit is for ANYONE purchasing a home between the deadline--NOT just first-time home buyers!
• HOW DO YOU RECEIVE IT?: You may claim one-third of the credit available in each taxable year, and may carry forward unclaimed amounts--essentially, you'll receive this credit over the course of the next 3 years

Also, there aren't any income restraints to this credit and as I mentioned before, this is not limited to just first-time home buyers. You just have to buy a single-family property within the time period.

Representative Ron Stephens said this about the bill: "I'm proud of Governor Purdue for signing this legislation, and I'm proud to have brought it before the state legislature. This bill will put people to work, reduce the inventory of unsold homes, and kick start Georgia's economy."

To determine the specific forms you need to use to obtain this credit, please contact your tax professional.

If you are a first-time home buyer and would like to learn more about the $8,000 federal tax credit, please read this article:
Understanding the New $8,000 First-Time Home Buyer Tax Credit

It's a great time to buy a home in Georgia, whether you're a first-time home buyer or not, and I would love to walk you through this process. If you are in the market to buy or sell your home in the Bethlehem or Dacula area, I would be happy to assist you! My passion is helping people find their dream home and stepping them through this exciting journey. I serve the Walton, Barrow and Gwinnett county areas. Call or text me today!

(The information from this post was obtained from this article)

Harbins Park Coming in 2009!

Harbins Park to Open in 2009

The new Harbins Park is set to open Phase I in Spring of 2009. It is located at the intersection of Luke Edwards Road and Indian Shoals Road in Dacula, Georgia. Once complete it will be the largest park in Gwinnett County at over 1,900 acres! This tops the current largest in the Hog Mountain area, Little Mulberry Park, at only 890 acres and Tribble Mill Park in Grayson at 700 acres.

Phase I includes over 3 miles of multi-purpose trails and many more miles for mountain biking and horseback riding. It will also include restrooms, a playground, an open-space play area, a large pavilion and an equestrian-only parking lot.

Phase II will be completed at a later date and will include recreation fields for baseball and soccer; it will be used by the athletic program of the soon-to-be complete Archer High School.

It is a $3.8 million dollar project that is being paid for by the 2001 SPLOST (Special Purpose Local Option Sales Tax). SPLOST is a one-cent sales tax that is used to fund improvements in the county.

This park will be a great asset to this area and as a nearby resident myself, I am looking forward to the park opening. If you are interested in purchasing a home convenient in location to this wonderful park, please contact me today!

www.TheRainsTeam.com

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UPDATE: 3/19/2009

Well, I'm very excited to share that Harbins Park is having their Grand Opening this Saturday, March 21st! I have enjoyed watching the progress of the park as it was being created and let me tell you, it's going to be a really great place to exercise and hang out!


A ribbon-cutting ceremony will officially open the park at 10 a.m. on Saturday and the celebration will last until around 2:00 p.m. Some of the free activities include: hay rides, crafts, pony rides, face painting and bike safety demonstrations. Also, people from local mountain biking and equestrian will be there to answer questions. A concession stand will be available for you to purchase food as well.

I have been anxiously awaiting the opening of this park, especially since it's so close to my home. Unfortunately I won't be able to attend the Grand Opening because I'll be on a plane to Colorado to go skiing...but it's definitely something I'm going to check out first thing when I get back!

This would be an excellent family event to take the kids to and I believe the weather is supposed to be nice and warm on Saturday! Get out there and enjoy the beautiful outdoors!

Thank You For Reading!

If you are in the market to buy or sell your home in the Bethlehem or Dacula area, I would be happy to assist you! My passion is helping people find their dream home and stepping them through this exciting journey. I serve the Walton, Barrow and Gwinnett county areas. Call or text me today!