Good news for buyers!
There is a buyers stimulus package available to first time buyers AND former homeowners who have not owned a home within the past 36 months here in California. Up to $8,000.00 tax credit originating from the Federal Government and an additional $10,000.00 from the State of California, if you are buying a house or condo in the State of California, a total of $18,000.00!
I would imagine that other states are offering their own version of a buyers stimulus package.
You can read all about the qualification guidelines at the link below:
http://www.car.org/tools/smart/clients/taxcredit/
Would love to have feedback on what other States are offering buyers, It probably varies much between regions and states that have been hit hardest with the foreclosure mess.
Good news is...good news!
Carol
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