California State Tax Credit . $10,000 tax credit .

Two ways to qualify for the credit:

1. You are First Time Home Buyer (Not owned a home you’ve lived in for the past 3 years)

2. You buy a New Construction property (Can be a first time buyer or move up/down buyer. Either one is acceptable.

• No income limits
• No purchase price limits
• Must buy a Single Family Home either Detached or Attached. No exceptions!
• Tax credit is given in 1/3 per year increments for 2010, 2011, and 2012 tax years
• Must close escrow between May 1st 2010 and July 31st 2011
• Must have fully executed contract to buy the property on or before December 31st 2010
• Must file with the State of California with in 2 weeks of close of escrow or you lose it
• There is 100 Million allotted to the First Time Buyer Program
• There is 100 Million allotted to the New Construction Program
• Both programs are first come first served!
• For more information on this and other First time home buyer programs please contact me.

GROVER BARBARAN

Realtor

www.GroverB.com