Have you been waiting for an update about the Georgia Tax Credit for homebuyers?
Wait no more, here is the latest.
Yesterday evening while attending a business event, I was able to speak directly to Senator Chip Pearson about it. I asked him why the Governor had not signed the bill into law yet. He said that Governor Purdue is waiting for the April Revenue Figures to come in. Once he can see what the numbers are, he will begin to sign the bills that passed in the order of importance. Unfortunately, if the numbers are low some bills that passed will probably not make it into law this year.
Hopefully, the home buyers tax credit will be one at the top of the list. We firmly believe that the recovery of the housing market will be what propels the economy.
I'm not clear on just how long it will be before the April Revenues are in. Of course, the month isn't over yet. I would think we are looking at towards the end of May at the earliest for a resolution.
If you are in the market to buy, don't let this keep you on the fence. You will be able to take full advantage of the tax credit as long as you purchase by December.
However, the excess inventory is being sold. Sales are on the rise and as the inventory goes down, prices will go up and bargains will be much harder to locate.
Interest rates are still low and there are great buyer programs available! Waiting could cost you several thousand dollars.
Contact Kimberly Wilson today! I'm committed to keeping you informed and providing you with the most up-to-date information available.