But Wait... "It's Alive..." Although the federal credit expired Friday April 30, 2010, the State of California is still rewarding home buyers with a tax credit of their own. Call, email, or text to get your personalized timeline and calendar to make sure you don't miss this opportunity. David Thomas, Realtor® - Quality Service Certified Top 300 "Best of the Best" agent since 2006 Century 21 Bundesen (707) 769-7188 direct (707) 477-0070 text Blog: http://sellthathouse.wordpress.com Email: SellThatHouse@Century21.com Ca. Dept of Real Estate: #01290314 California Home Buyer Tax Credit - NEWS ALERT - Governor signs home tax credit bill For release: Thursday, March 25, 2010 Governor Schwarzenegger today signed AB 183 providing $200 million for home buyer tax credits. The bill allocates $100 million for qualified first-time home buyers who purchase existing homes and $100 million for purchasers of new, or previously unoccupied, homes. Eligible taxpayers who close escrow on qualified principal residences between May 1, 2010 and December, 31, 2010, or who close escrow on a qualified principal residence on and after December 31, 2010 and before August 1, 2011, pursuant to an enforceable contract executed on or before December 31, 2010, will be able to take the allowed tax credit. This credit is equal to the lesser of 5 percent of the purchase price or $10,000, taken in equal installments over three consecutive years. Under the bill, purchasers will be required to live in the home as their principal residence for at least two years or forfeit the credit (i.e. repay it to the state). Buyers also must be at least 18 years old and be unrelated to the seller. First-time buyers are defined as those who have not owned a home in the past three years. To learn more about the California Home Buyer Tax Credit, click http://www.car.org/governmentaffairs/stategovernmentaffairs/homebuyertaxcredit/
Although the federal credit expired Friday April 30, 2010, the State of California is still rewarding home buyers with a tax credit of their own. Call, email, or text to get your personalized timeline and calendar to make sure you don't miss this opportunity. David Thomas, Realtor® - Quality Service Certified Top 300 "Best of the Best" agent since 2006 Century 21 Bundesen (707) 769-7188 direct (707) 477-0070 text Blog: http://sellthathouse.wordpress.com Email: SellThatHouse@Century21.com Ca. Dept of Real Estate: #01290314
California Home Buyer Tax Credit - NEWS ALERT -
Governor signs home tax credit bill
For release: Thursday, March 25, 2010
Governor Schwarzenegger today signed AB 183 providing $200 million for home buyer tax credits. The bill allocates $100 million for qualified first-time home buyers who purchase existing homes and $100 million for purchasers of new, or previously unoccupied, homes.
Eligible taxpayers who close escrow on qualified principal residences between May 1, 2010 and December, 31, 2010, or who close escrow on a qualified principal residence on and after December 31, 2010 and before August 1, 2011, pursuant to an enforceable contract executed on or before December 31, 2010, will be able to take the allowed tax credit.
This credit is equal to the lesser of 5 percent of the purchase price or $10,000, taken in equal installments over three consecutive years. Under the bill, purchasers will be required to live in the home as their principal residence for at least two years or forfeit the credit (i.e. repay it to the state). Buyers also must be at least 18 years old and be unrelated to the seller. First-time buyers are defined as those who have not owned a home in the past three years.
To learn more about the California Home Buyer Tax Credit, click http://www.car.org/governmentaffairs/stategovernmentaffairs/homebuyertaxcredit/
David Thomas, Realtor® - Quality Service Certified Top 300 "Best of the Best" agent since 2006 Century 21 Bundesen (707) 769-7188 direct (707) 762-1032 fax E-mail: SellThatHouse@Century21.com Website: www.SellThatHouse.net Ca. Dept of Real Estate: #01290314 My business comes from your referrals of family and friends. My goal is that every communication, question, problem, and transaction be treated so fantastic that you seek me out to entrust me with those referrals. Thank you in advance!
All Rights Reserved. Information Deemed Reliable But Not Guaranteed. Neither CENTURY 21 Bundesen nor the service providers for CENTURY 21 Bundesen are liable for any errors or inaccuracies in the information provided through this website. CA DRE # 01293583. Each Office is Independently Owned and Operated. © 2010 Century 21 Real Estate LLC. CENTURY 21® is a registered trademark licensed to Century 21 Real Estate LLC. Equal Housing Opportunity. Privacy Policy CENTURY 21 Bundesen 616 Petaluma Blvd South, Petaluma, CA 94952, P:(707) 769-7188, F:(707) 762-1032
CENTURY 21 Bundesen