Monday, March 29, 2010

Are you a First Time Buyer and what does this mean?

 You are considered a First Time Buyer if you have never owned a home before or you have not owned a home for the last 3 years.

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
So if you are thinking about buying a property in the Bay Area and you are a First Time Buyer then contact me @ 650 917 4229.

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

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