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San Francisco/San Mateo- Buyers Tax Credit has been Extended to September 2010

By
Real Estate Agent with Mayra Espinosa Broker- Realtor | Call 650-996-8961 CA DRE# 01468791

The tax credit has been extended to September 2010 but it is only for buyers who have been under contract as of April 30. The extension only applies to transactions that have been ratified (contracts signed by all parties on or before April 30, 2010). This will allow buyers that have submitted an offer on short sale transaction, which has been delayed in getting the approval from the lenders, to be able to get the tax credit. Now the new homeowner can still get the benefit of the $8,000 tax credit. California still has their $10,000 tax credit program available.

 

Tax Credit

New Buyers, who are interested in purchasing right now, can still take advantage of the low interest rates as well as the California $10,000 tax credit. This is the most affordable housing market we have seen in years which represents a great opportunity for well qualified buyers getting   homes at discounted values. Historically we are seeing the lowest interest rates making the cost of borrowing money affordable. It is the least expensive and the cheapest in years since the 1950's.....With as little as 3.5% down and nothing down in some cases, the current low cost of financing and the exceptional buys in real estate make this summer the least expensive on record to purchase and finance a home. 

Posted by

Mayra Espinosa Broker Realtor
650.996.8961

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Mayra Espinosa
Broker/REALTOR
CA DRE# 01468791

Serving The San Francisco Bay Area.
Pacifica, San Mateo, San Francisco, Daly City, South San Francisco, San Bruno, Millbrae,  Burlingame and other nearby cities


Are you looking to buy or sell your home in California? Let's discuss your real estate needs and how I make the process of buying or selling easy and stress-free for you.

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Comments (1)

Robert Vegas Bob Swetz
Las Vegas, NV

Well hello Mayra and that is good news & have a "Happy Fourth of July!"

Vegas Bob

Jul 02, 2010 08:36 PM