Are you a first-time home buyer? If so, we have 8,000 reasons for you to purchase a new Bowen Family Home today! 

 
The Worker, Homeownership, and Business Assistance Act of 2009 has extended the tax credit of up to $8,000 for qualified first-time home buyers purchasing a principal residence! Unlike the tax credit enacted in 2008, the new credit does not have to be repaid.  

 

Here is the $8,000 Home Buyer Tax Credit at a Glance

 

• »The $8,000 tax credit is for first-time home buyers only. For the tax credit program, the IRS defines a first-time home buyer as someone who has not owned a principal residence during the three-year period prior to the purchase.
• »The tax credit does not have to be repaid unless the home is sold or ceases to be used as the buyer’s principal residence within three years after the initial purchase.
• »The tax credit is equal to 10 percent of the home’s purchase price up to a maximum of $8,000.
• »The tax credit applies only to homes priced at $800,000 or less.
• »The tax credit now applies to sales occurring on or after January 1, 2009 and on or before April 30, 2010. However, in cases where a binding sales contract is signed by April 30, 2010, a home purchase completed by June 30, 2010 will qualify.
• »For homes purchased on or after January 1, 2009 and on or before November 6, 2009, the income limits are $75,000 for single taxpayers and $150,000 for married couples filing jointly.
• »For homes purchased after November 6, 2009 and on or before April 30, 2010, single taxpayers with incomes up to $125,000 and married couples with incomes up to $225,000 qualify for the full tax credit.
• Click here to watch our video "The Five Things Everyone Needs to Know About the Tax Credit" as it is explained by a seven year old. The tax credit really is that easy!
  
  Now really is the best time to buy! Schedule a VIP appointment at one of our Metro Atlanta communities by simply registering online, via live chat or calling us at 1-877 MY BOWEN and take your next step towards homeownership! 
  
  For more details and Frequently Asked Questions on the $8,000 First-time homebuyers credit, please visit www.federalhousingtaxcredit.com. You can also view this helpful informational video explaining the new tax credits, courtesy of The National Association of Home Builders. And if you are not a First-time homebuyer, you can take advantage of the Move-Up and Repeat Homebuyer Tax Credit worth $6,500!