Buying Your First Home



Your Honeymoon Doesn't have to End...
Continue your Honeymoon in your New Home!

The following is a list of suggestions for making the transition simple for both of you...

  • Make a list of addresses and phone numbers of utility companies, newspapers, magazines and any other publications to which you subscribe.
  • Get a free change-of-address kit from the post office.
  • Make sure you have plenty of boxes on hand.  Move in the things that you don't use or need right away.  Label the outside of each box with its contents.
  • Use smaller boxes for heavy items and larger boxes for lighter items.  Wrap fragile items in towels, linen, tissue or newspaper.
  • Before you start unpacking, make the bed.  Moving can take a long time and at least you will have a good night's rest!

First Time Home Buyers take note of the following information available to you:

The American Recovery and Reinvestment Act of 2009 was just signed into law. One of the major provisions provides an $8,000 tax credit (up to $8,000) to qualified First Time Home Buyers

$8,000 tax credit (up to $8,000) highlights:
The $8,000 tax credit or 10% of the home’s purchase price, whichever is less, is available only for first time home buyers (Definition of a “first time home buyer” is a buyer who has not owned a principal residence during the three-year period prior to the purchase)

There is a $75,000 adjusted gross income limit for tax filers filing as single and $150,000 limit for joint return filers.

The $8,000 tax credit is available only for primary residence purchases.

The tax credit does not require a repayment in most cases.

The tax credit does have a repayment provision if the homeowner does not occupy the property for a minimum of 3 years from the closing date.

The home buyer must purchase a home and have the home closed and funded by November 30th,

The $8,000 tax credit is received when you file your tax return (as well as those who have not owned a home in the last three years)

 ***Although GRBrides.com strives to provide accurate information, we assume no responsibility for changes since publication.  Please confirm all details with your local real estate agent.  Please inform us of updates or errors by using the "contact" button at the lower left.  Thank you.***

Best Wishes!  www.GRBrides.com and your friends at www.Kohlerexpo.com