Attention CA home buyers:
Everyone is hearing of the $8000 federal tax credit applicable to first time homebuyers across the nation. Well now the state of California has signed into place a new, state specific tax credit of its own.
As of March 1, 2009 CA homebuyers who are eligible can receive TWO tax credits, totaling up to $18,000, if they choose to purchase a new home in the state of California. The state will be giving up to $10,000 (or 5% of purchase price, whichever is less) tax credit to purchasers of new, previously unoccupied homes. There are restriction so be sure to check out the link.
A few basics:
- you must be planning to live in the home as your primary residence for two years
- you DON'T have to be a first time homebuyer ( you do for the $8000 from federal plan)
- it will be credited at $3,333 for the next three years
- once the $100,000,000 earmarked for this project is gone, there will be no more credits available (if the average new home sells for $200,000, that means only 10,000 homebuyers will be able to apply for the credit) so don't wait too long if you are on the fence!
here is a link to answer more questions:
http://www.ftb.ca.gov/individuals/New_Home_Credit.shtml#def3
Call or email me if you have any questions,
Adam Dalton, Realtor
Century 21 M&M and Associates
adalton@c21mm.com

Although it is still the middle of winter, locally, our least favorite summer pests have begun their assault and our vying for our blood. The nice weather and the moist ground have brought about the early on-set of mosquito season here in the central valley. Reports from other agents and from my own experiences while out showing this week have left their mark, literally. Its time for agents to get their "OFF" ready for themselves and their clients if they are going to be out in the field for any amount of time.
From the Center for Disease Control here are some preventive tips:
Protect yourself from mosquito bites:
Help reduce the number of mosquitoes in areas outdoors where you work or play, by draining sources of standing water. In this way, you reduce the number of places mosquitoes can lay their eggs and breed.
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