Another good reason to buy a home soon!  This applies to Georgia residents.

State Senator, Bill Cowsert, was successful recently in pushing through a bill that will provide for a $3600 tax credit for anyone purchasing a home or condo for use as their primary residence over the next 6 months.  It is House bill 261.  The credit is good up to the amount of the buyer’s tax liability not to exceed $3600 and is capped at $1200 per year, i.e. if they qualify for the full $3600 tax credit they would have to spread the credit out over three years taking a $1200 credit in each year