New California $10,000 Tax Credit for Home Buyers If you purchase a principal residence between May 1st, 2010 and Dec. 31st 2010 and close escrow by Aug. 1st 2011, you will be eligible for a $10,000 tax credit from the state of California. Dear C.A.R. Member: I’m gratified to report that late this afternoon, Gov. […]
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Homebyuer Tax Credit Extended
Now the homebuyer tax credit is a true credit. That means it reduces your tax bill dollar-for-dollar and in this case, could get you a refund if your IRS bill is zero. The credit amount was increased to $8,000. It’s not limited to strictly first-time buyers. Homeowners who’ve lived in their residences for a while […]
Bargain Hunters Listen Up – A Jump in Foreclosures in 2010 Mean Opportunities. As foreclosures increase so will the available housing and the bargains for those home buyers.