Buy a Home and Get $18,000 Credit!
by elizabetheugenio on March 25, 2010
The bill allocating $200M for buyer credit is in the Governor’s desk today, March 25, 2010 waiting for his signature. To qualify, the buyer has to close escrow on a principal residence between May 1, 2010 and December, 31, 2010. The credit is equal to an amount of lesser value of 5% of the sales price up to $10,000, taken in 3 equal installments over a period of 3 consecutive years. The bill allocates $100M for homes previously occupied and the other $100M for new construction or homes not previously occupied. This credit is a move to create more jobs in California.
Since the Federal Tax credit of $8,000 is ending on July 1, 2010, there is only a short period when a buyer will be able to take advantage of both credits. Additionally, when the allocated amount runs out, it may not be extended anymore. It is then best to take action early on once the bill is passed.
For additional information, call Elizabeth at (909) 376-8615.
Buyers now have a resource they can use to automate their home search. Click here and enter your search criteria to start receiving homes that match your criteria emailed to you daily or to view all homes for sale in all areas.
Elizabeth M. Eugenio
Certified Residential Specialist, Certified Distressed Property Expert, Short Sale and Foreclosure Resource
(909) 376-8615 / Email: Elizabeth@HomesByLiz.info
Century 21 Award
DRE# 01126934
Tagged as:
buy a home,
first time buyers,
real estate,
Realestate,
Tax Credit
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Since 1991, I have served the residents of Chino Hills and surrounding cities. Providing exceptional customer service has been my top priority earning me referral and repeat business from family, friends, associates and past clients.
The advanced training in finance, marketing and technology I received as a Certified Residential Specialist (CRS) designee provides you better representation making the buying and selling process a more profitable and easier experience. Only 4 % of Realtors in the nation has earned this designation.
Short Sale and Foreclosure Resource (SFR) is the only designation recognized by the National Association of Realtor for short sale and foreclosures. This designation and the (CDPE) Certified Distressed Property Expert has allows me to better assist you as a buyer on your purchase of these properties and as a homeowner experiencing financial hardship avoid foreclosure.
Additionally, the Seniors Real Estate Specialist (SRES) designation has helped me serve the special needs of the 55 years and better population by making the process easier and help keep more of your r money when you move.
Contact me for all your real estate needs and you can count on me to provide you better representation and make sure you have an easier and smoother transaction. I can be reached at (909) 376-8615 or at: Elizabeth@HomesByLiz.info.
Elizabeth has written 27 articles on this blog.
