Connor Place - First Time Home Buyers - Gated Townhouse Community in Columbia County, Georgia

First-Time Home Buyer Tax Credit at a Glance First-time home buyers or those that haven't owned a home in the past 3 years. The maximum credit amount is $8,000. The credit is available for homes purchased on or after April 9, 2008 through December 1, 2009.

For more information please visit: www.FederalHousingTaxCredit.com You can also download the Form 5405 - First-Time Homebuyer Credit here.

OWN a home
or
RENT an apartment

The following figures might help someone fully understand the overall value of purchasing a home versus renting.

3 Bedroom Purchase
Purchase price- Monthly P&I- Property taxes- Insurance-	$147,900 $ 766.43 $ 110 $ 38
Total payment	$914.43

A comparable Columbia County complex with Amenities. 3 Bedroom Rental (only 2 bathrooms) and no garages.
Monthly rental- Tax benefits- Equity-	$ 900-1200 $ 0.00 $ 0.00
NO GOOD REASON TO RENT IF YOU DON’T HAVE TO. 1st Time HOME BUYERS receive a $8,000 tax CREDIT to use in 2008 or 2009.
For more information contact: Meybohm Realtors Ashley Godwin - 803.341.2731 Email: agodwin@meybohm.com Ashley Bean - 803.221.5664 Email: abean@meybohm.com Kathleen Brown - 706.414.1988 Email: kbrown@meybohm.com

Income tax savings
Interest Deduction - Property tax deduction Taxl bracket-15%- Total tax savings- Monthly tax savings- Total costs of purchasing Total payment- Tax savings-	$7088.37 $1400.00 $1273.26 $ 106.11 $ 914.43 $ 106.11
Total monthly cost	$ 808.32
PLUS you reduced principal on the loan over $2100.

Copyright R.T. Bailey Construction, Inc.
4106 Colben Blvd. Suite 102
Evans, Georgia 30809
Phone: 706.210.5488 Fax: 706.210.0307

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