Governor Arnold Schwarzenegger has extended the First Time Buyer Tax Credit for California.
Here are some of the highlights;
- $10,000 tax credit or 5% of purchase price (whichever is lower which in this area will probably be the $10,000!)
- New and existing homes are eligible
- There is $100 million in funds which will be available on a first come first serve basis
I thoroughly enjoy working with buyers and here is the added bonus about this credit - there is no limit on salary or the purchase price - perfect for this area!
For more information please click HERE
- Stella Abraham, REALTOR
Coldwell Banker Los Altos
95 1st Street,
Los Altos, CA 94022