Why Invest Now?

As a homeowner, you have security and stability, the freedom to decorate and remodel, potential to build equity and tax benefits. And with interest rates still at historically low levels – 5.22% for the typical, 30-year fixed-rate mortgage (as of early August 2009), combined with ample inventory, now is a great time to buy. Plus, there are several incentives and programs available specifically for first-time homebuyers.

First-Time Homebuyer Credit
One program that is a great financial opportunity is the highly publicized First-time Homebuyer Credit, which was part of the Housing and Economic Recovery Act of 2008. This federal initiative allows first-time homebuyers to take up to an $8,000 tax credit, which doesn’t have to be repaid, toward a new or resale property purchased prior to Dec. 1, 2009. For new construction, the purchase date is considered to be the date you first occupy the home.

Under this program, a first-time homebuyer is considered to be anyone who has not owned a principal home within the last three years. If you are married, both spouses must meet this criterion. However, unmarried joint purchasers may allocate the credit amount to any buyer who qualifies as a first-time buyer. In addition, ownership of a vacation home or rental property not used as a principal residence does not disqualify a buyer as a first-time home buyer. You are also eligible to claim first-time buyer status if you owned a principal residence outside of the United States within the last three years.

The actual tax credit may vary depending on the purchase price and your income. The credit is generally equal to 10 percent of the home’s purchase price, not to exceed $8,000. In addition, the income limit to receive full credit is $75,000 for single taxpayers and $150,000 for married taxpayers filing a joint return.

For complete details, visit www.irs.gov and www.federalhousingtaxcredit.com. As always, consult with your tax advisor on how this tax credit may affect you.

Why Bozeman, Montana?

Bozeman, MT is situated at the base of the Rocky Mountains, minutes from Yellowstone National Park, Big Sky Ski Resort, Bridger Bowl and Moonlight Basin. Boasting a rare blend of spectacular scenery and cultural diversity Bozeman appeals to the artist and outdoor enthusiast alike.

The seat of Gallatin County, Bozeman was established in 1863 by John M. Bozeman. With over 40% of our county managed by the U.S. Forest Service, Bozeman has preserved the spectacular scenery that first attracted our founding father and has built its bustling tourism business with solid land management principals.

Our economy is based heavily upon agriculture, and Montana State University reflects this emphasis in its ever growing curriculum. Bozeman also serves as a retail service center for our outlying cities such as: Livingston, Manhattan, Belgrade, Gallatin Gateway, Four Corners and others.

Quality of life is the foundation of Bozeman's community. Our educated work force has been a plus for many companies including Right Now Technologies, Zoot Enterprises, The Bozeman Deaconess Hospital, Printing For Less and other new technology based businesses.

Come and be a part of Bozeman. Our city is a cultural mecca in a breathtaking and vast landscape. We offer the life you dream of. Make it your reality today!