As of today there are only 45 days left for first time home buyers in Temecula, Murrieta and other portions of Southwest Riverside and San Diego County to get the $8000 first time home buyer tax credit. You can drown in the news articles and blog posts, telling you now is the time to buy! and IT IS if you're ready.
But what happens after April 30th if you're not quite ready?
What if you're still working on your credit?
What if you're still saving for a down payment (or negotiating with the bank of Mom and Dad)?
Stay on course, keep working on it, if you qualify there may be an additional tax credit for you.
First time home buyers in Riverside and San Diego Counties have another tax credit waiting for them. In fact, if you are one of the lucky few who will qualify for the $8000 First Time Homebuyer Tax credit, you may be able to use the Riverside and San Diego County programs IN ADDITION to the federal program.
If you don't make it into escrow by April 30th the County programs could provide you with a tax credit that ends up being larger than the $8000 first time home buyer tax credit. Disclaimer: Qualifications and restrictions are unique to the county programs, so do your homework to see if you may qualify.
For more information on the Riverside County Tax Credit
For more information on the San Diego County Tax Credit
To speak with a first time home buyer specialist, call or email us.
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