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Buy now! The federal tax credit expires soon.
April 30, 2010 is rapidly approaching, and with it comes your final opportunity to take advantage of the Federal Homebuyer Tax Credit.* However, a new California Tax Credit goes into affect for buyers of new homes, and — for a very brief time — some buyers may be able to take advantage of both!
See if you qualify for the federal tax credit before it’s too late:
•First-time buyers can qualify for an $8,000 tax credit!
•Move-up buyers can qualify for a $6,500 tax credit as long as you have lived in your home for five consecutive years out of the past eight years
•Income limits have increased to $125,000 per individual and $225,000 per married couple
•Buyers must enter into contracts written on or before April 30, 2010 and will have until June 30, 2010 to close escrow
•For certain military personnel, the credit has been extended an additional 12 months
There’s no time to wait! Take advantage of these time-sensitive opportunities today.
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