Tagged : high-end real estate 
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California Home Buyer Credit 2010
Saturday, April 3rd, 2010 at 1:31pm. 391 Views, 0 Comments.
I want to make you aware that the governor just signed a bill, in an effort to raise more cash for California that will help home buyers. As reported in The San Francisco Chronicle, the state income tax credits estimated at around $200 million, will affect folks who purchase a home after May 1, 2010. Specifically, this credit will help anyone who is buying a newly built home, or first-time home buyers who buy an existing home or a newly built home. A first-time home buyer is defined as an individual or an individual's spouse, who has not owned a principle residence for three years prior to the date of this particular purchase. This new credit will be the equivalent of 5 percent of the purchase price or $10,000, whichever is less, spread over three years.
