CALIFORNIA'S FIRST-TIME HOMEBUYER'S GET A BONUS!!!

By
Real Estate Agent with REeBrokers Inc. Lic #01503902

This past week Gov. Arnold Schwarzenegger signed a bill that extends the $10,000 state tax credit for first-time homebuyers.

The passage of this bill provides a state tax credit to first-time homebuyers who buy a new or existing home from May 1 through the end of 2010.  Homebuyers are allowed to claim 5% of the purchase price or up to $10,000. 

This is encouraging for first-time homebuyers and sellers alike.  The federal tax encentive is still in effect for home purchases that are entered into through April 30th.

Posted by

Audra Sacco, Realtor

Zip Realty

707-327-7776

Ā 

Comments (1)

Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

It is a bonus to the buyers who act fast and get both.

Mar 26, 2010 05:40 PM