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Each month AR runs numerous contests as a way for our members to engage in activities
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Your Homepage will alert you of new questions in your state
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These state pages or hyper-local pages provide content directly related to a specific geographical location.
State, County, City and Neighborhood pages make it easy for consumers to find what they're looking for.
Post your listings, school information, local events, market reports and more
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First time home buyers of Temecula Real Estatewill be happy to learn of a new tax credit they may be able to claim in conjunction with the purchase of their new home.
If buyer's were shopping last year they may remember that there was a California tax credit in 2009 as well. One of the major differences between this new program and the one from 2009 is that this program is for the purchase of ANY home and is NOT LIMITED to the purchase of new construction. Even though it was limited to new construction, the program in 2009 was so successful that they ran out of funds 8 months before the program was scheduled to end.
AB 183 (signed by Governor Schwarzenegger last week) allocates $200,000,000 to be split equally between buyers of existing homes and buyers of new or previously unoccupied homes.
This program applies to purchases between May 1, 2010 and July 31, 2011 (but you must be on contract by no later than December 31, 2010 to qualify).
The new First Time Home Buyer California Tax Credit will allow eligible buyers to claim either 5% of the home's purchase price or $10,000 (whichever is less). The tax credit can be taken in 3 equal installments taken over 3 consecutive years and requires that the purchaser live in the home as their principal residence for 2 years. If the 2 year occupancy requirement is not met, any credit taken would have to be repaid to the state.
*** Other Restrictions apply ***
Please contact your Temecula Realtors®(serving all of the Temecula Valley) for more information.
The Federal Home Buyer Tax Credit program is set to expire April 30, 2010. (As long as a binding contract is in place, the closing can take place on or before June 30, 2010 and still qualify.)
"Providing Direction For Buyers and Sellers" & Delivering "Raving Fan" Customer Service in the process
**Buyers - Contact David for a list of available homes! **Sellers - Let me provide you with a comparable market analysis that will give you an idea of your home's current value. Even if your home's value is less than the amount you owe, we can still typically make arrangements to sell your home at little or no cost to you.Call meat (951) 326-0196 or choose one of these other ways to connect with me . . . *** All information/opinion offered is deemed reliable but not guaranteed. CA DRE License # 01802944 ***
Temecula, Murrieta, Winchester, French Valley, Wildomar & Menifee, California. Experienced Agents and Broker providing "Raving Fan" customer service experience as Buyer's Agent, Listing Agent, Short Sales, Pre-Foreclosure specialist. Free MLS search for listings at our website www.aimreg.com and DAILY updates of new homes for sale sent straight to your email In-Box. Contact David for a free home valuation. Aim Real Estate Group Inc. - Providing direction for buyers and sellers in the Inland Empire!
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.