The news these days represents the real-estate market as constantly getting worse, there is no end in sight, and talks about a double dip. What does a double dip mean for a housing market? This means that the price of homes have had a significant drop, 10% or more, not just once but twice. Nationally, [...]
Were you one of the 15,264 that bought a new home last year in Santa Clara County? Santa Clara County consists of many cities such as Cupertino, Saratoga, Campbell, Sunnyvale and Santa Clara. If you were one of those buyers I am sure you know about the Federal Homebuyer’s Tax Credit. For first time homebuyers [...]
Surprisingly even without the New Homebuyer Tax Credit, of up to $8,000, many first time homebuyers are still buying up homes in the area. Seven months after the first-time homebuyer tax credit expired at the end of April, first-time buyers registered a surprisingly strong share of housing sales across the country. Sales to first-time homebuyers [...]
This is Thomas Feng with Bay Area Connect talking with Joe Lima of Princeton Capital about topics affecting a First Time Home Buyer. Loan updates provided by Joe Lima of Princeton Capital. This week we are talking about the tax credit extension and the top 5 obstacles to closing on time. Questions we will be [...]
The federal government’s $8,000 home-buyer tax-credit program may now be over, but a real estate brokerage firm and the state of California are aiming to fill the void. Coldwell Banker Real Estate LLC launched its national Buyer Bonus program this week, whereby home buyers will be offered a 3% credit on a home’s purchase price [...]
If you are Military Personnel that is. Military personnel, members of the Foreign Service, and employees of the intelligence community have an extra year, through June 2011, to buy a principal residence in the U.S. and claim the federal tax credit. The deadline for entering a binding contract is April 30, 2011; the deadline to [...]
Confused about the Federal First Time Home Buyer Tax Credit and the new California Tax Credit (AB 183)? We compare the requirements, restrictions, and the differences between these two tax credits in this handy chart below. HOMEBUYER TAX CREDIT FEDERAL CALIFORNIA Amount of Tax Credit 10% of purchase price not to exceed $8,000 for First-Time [...]
Many of you may have heard of the first time homebuyer tax credit of up to $8,000 that was implemented last year in 2009. However what if this is not your first time buying a home, what if you own a home right now but want to move up due to the lucrative market conditions. [...]
