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Christine Donovan Costa Mesa Real Estate Broker/Attorney 800-610-7253 DRE01267479

Home Buyers' Tax Credit Extended for First Time Buyers and Long Time Owners

Home Buyers' Tax Credit Extended for First Time Buyers and Long Time Owners

 

New legislations has just gone into effect extending the First Time Home Buyers' Tax Credit and creating a new credit for long time home owners.

  • Who is eligible for the tax credit?
    1. First time buyers

    •  
      • Buyers who have not owned a property for at least 3 years
      • Maximum income of $125,000 for single tax payers and $225,000 for married couples filing jointly for full credit.
      • May receive a credit up to $8,000 or 10% of the purchase price, whichever is less.
      • Purchase price of $800,000 or less.

     

    2. Current, long time home owners

     

    • Must have owned and resided in a residence for 5 years consecutively in the past 8 years.
    • If spouses, both spouses must meet this requirement.
    • New home does not have to be more expensive than previous home.
    • Purchase price must be $800,000 or less.

    • Maximum income of $125,000 for single tax payers and $225,000 for married couples filing jointly for full credit.
    • Maximum credit of $6,500 or 10% of the purchase price, whichever is less.

     

    • When must I purchase to qualify for the tax credit?

     

    1. First time buyers

     

    1.  
      • Must have a binding contract to purchase no later than April 30, 2010.
      • Escrow must close no later than June 30, 2010.

     

    2.   Move up,  repeat buyers

    •  
      • Must purchase after November 6, 2009.
      • Must have a binding contract to purchase no later than April 30, 2010.
      • Escrow must close no later than June 30, 2010.

     

    Click this link to learn about the NEW Huntington Beach First Time Buyer Program.

    Click this link to learn about Fountain Valley First Time Home Buyer Program.

    Interested in learning about other First Time Buyers' experience with Christine Donovan?  See the video below.


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    About the author: Christine Donovan is a California Residential Real Estate Broker with experience in assisting clients buy and sell residential real estate.

    Click for a free list of Orange County foreclosures or a free list of Orange County short sales or e-mail Me! 

    Are you upside down in your home? Is it worth less than you owe? Are you concerned about making your mortgage payment? Contact me at christine@donovanblatt.com or 714-319-9751 to discuss your options.

    Want to buy a home or to list your property for sale in Newport Beach, Costa Mesa, Huntington Beach or Orange County? Contact me at christine@donovanblatt.com or 714-319-9751 to learn about her system which will make your buying and selling experience easier.

    Disclaimer: All information in this blog is deemed reliable but is subject to change at any time and is not guaranteed to be accurate nor are there any warantees either express or implied. This blog is not intended to offer any legal, tax or other advice.

    Click Orange County homes for sale to view all OC homes for sale.

    Copyright © 2009 by Christine Donovan, All Rights Reserved. Home Buyers' Tax Credit Extended for First Time Buyers and Long Time Owners

Huntington Beach Real Estate Minute - Huntington Beach Market Report

Huntington Beach Real Estate Minute - Huntington Beach Market Report

Huntington Beach well known as “Surf City USA” with its excellent surfing has 8.5 miles of beaches and over 200,000 residents with 11 million visitors annually coming to see events such as the US Open of Surfing, the Surf City USA Marathon and AVP Pro Beach Volleyball. It is also known as one of the 10 safest cities Huntington Beach Real Estate offers a wide variety of housing from moderately priced condos to multi-million dollar estates.

Below is the current Huntington Beach Homes report:

Huntington Beach Homes,Huntington Beach Real Estate

orange county real estate,orange county home value


The real estate market in Huntington Beach right now has very little inventory, making it competitive for buyers in the lower price ranges. Persistence and patience should be used to find just the right house.

Real Estate Market reports for other local areas of Orange County:

Central Costa Mesa Real Estate Report

South Coast Metro Real Estate Report

Mesa Verde Costa Mesa Real Estate News

Westside Costa Mesa Real Estate Report

Eastside Costa Mesa Real Estate News

Costa Mesa Real Estate Report

Fountain Valley Real Estate News

Newport Beach Real Estate News

Click this link to learn about the NEW Huntington Beach First Time Buyer Program.

For more information, please visit Huntington Beach real estate values.

Click for a free list of Orange County foreclosures or a free list of Orange County short sales or e-mail Me!


***************************************************************************

About the author: Christine Donovan is a California Residential Real Estate Broker with experience in assisting clients buy and sell residential real estate.


Are you upside down in your home? Is it worth less than you owe? Are you concerned about making your mortgage payment? Contact me at christine@donovanblatt.com or 714-319-9751 to discuss your options.


Want to buy a home or to list your property for sale in Newport Beach, Costa Mesa, Huntington Beach or Orange County? Contact me at christine@donovanblatt.com or 714-319-9751 to learn about her system which will make your buying and selling experience easier.


Disclaimer: All information in this blog is deemed reliable but is subject to change at any time and is not guaranteed to be accurate nor are there any warantees either express or implied. This blog is not intended to offer any legal, tax or other advice.

Click Orange County homes for sale to view all OC homes for sale.

Copyright © 2009 by Christine Donovan, All Rights Reserved. Huntington Beach Real Estate Minute - Huntington Beach Market Report.

Newport Beach Real Estate News - Newport Beach Market Report

Newport Beach Real Estate News - Newport Beach Market Report

Newport Beach real estate has come a long way since it began in 1906. Back then, bayfront houses sold for as little as $500. Today, homes in this area are priced in the millions of dollars as the area is considered prime, Pacific Coast property. Areas of Newport Beach include Corona Del Mar, Balboa Island, Lido, Newport Coast, San Joaquin Hills and Balboa Peninsula.

Newport Beach Pier

For those looking for a home along Orange County's Gold Coast, Newport Beach real estate offers choices for a variety of homebuyers. Luxury homes on the sand, bayside estates with yacht slips, elegant town homes on the golf course are all possibilities in Newport Beach.

Newport Beach Waves

The real estate market in Newport Beach is enhanced by a variety of environmental, recreational, cultural and shopping opportunities. The Back Bay is a nature preserve; Catalina Island is just a short catamaran ride away on the Catalina Flyer; the Balboa Fun Zone features a ferris wheel and other amusements as well as shopping and restaurants. Shopping at nearby Fashion Island is an experience in itself, and nearby Costa Mesa includes a world renowned theatre and music complex.

Below is the current Newport Beach Real Estate News:

Newport Beach Homes,Newport Beach Real Estate
orange county real estate,orange county home value

Real Estate Market reports for other Orange County areas:

Central Costa Mesa Real Estate Report

South Coast Metro Real Estate Report

Mesa Verde Costa Mesa Real Estate News

Westside Costa Mesa Real Estate Report

Eastside Costa Mesa Real Estate News

Costa Mesa Real Estate Report

Fountain Valley Real Estate News

Huntington Beach Real Estate Report

For more information, please visit Newport Beach real estate. For more information on Newport Beach homes or the value of a particular home please visit Newport Beach home values

Click for a free list of Orange County foreclosures or a free list of Orange County short sales or e-mail Me!


***************************************************************************

About the author: Christine Donovan is a California Residential Real Estate Broker with experience in assisting clients buy and sell residential real estate.


Are you upside down in your home? Is it worth less than you owe? Are you concerned about making your mortgage payment? Contact me at christine@donovanblatt.com or 714-319-9751 to discuss your options.


Want to buy a home or to list your property for sale in Newport Beach, Costa Mesa, Huntington Beach or Orange County? Contact me at christine@donovanblatt.com or 714-319-9751 to learn about her system which will make your buying and selling experience easier.


Disclaimer: All information in this blog is deemed reliable but is subject to change at any time and is not guaranteed to be accurate nor are there any warantees either express or implied. This blog is not intended to offer any legal, tax or other advice.

Copyright © 2009 by Christine Donovan, All Rights Reserved. Newport Beach Real Estate News - Newport Beach Market Report.

Costa Mesa Real Estate News - Central Costa Mesa Homes Report

Costa Mesa Real Estate News - Central Costa Mesa Homes Report

Central Costa Mesa is an area of the city, triangular in shape, which is bordered by Harbor Boulevard, Baker Street and Newport Boulevard/ the 55 Freeway.



The Market Report for Central Costa Mesa Homes is below:



Central Costa Mesa Homes,Costa Mesa Real Estate News,Costa Mesa Homes,Central Costa Mesa Real Estate

orange county real estate,orange county home value



Based upon general definitions, it appears that Central Costa Mesa should be in a Sellers' Market though it still appears to be a Buyers' market. Given all that is going on in the credit market and the banking industry, we are in an unusual time and will have to see what happens over the next few months as things hopefully begin to stabilize.


Market reports for additional areas of Costa Mesa and nearby cities:



South Coast Metro Real Estate Report

Mesa Verde Costa Mesa Real Estate News

Westside Costa Mesa Real Estate Report

Eastside Costa Mesa Real Estate News

Costa Mesa Real Estate Report

Newport Beach Real Estate News

Fountain Valley Real Estate News

Huntington Beach Real Estate Report

For more information, please visit Costa Mesa real estate.
For more information on Costa Mesa homes or the value of a particular home please visit Costa Mesa home values


Click for a free list of Orange County foreclosures or a free list of Orange County short sales or e-mail Me!


***************************************************************************

About the author: Christine Donovan is a California Residential Real Estate Broker with experience in assisting clients buy and sell residential real estate.


Are you upside down in your home? Is it worth less than you owe? Are you concerned about making your mortgage payment? Contact me at christine@donovanblatt.com or 714-319-9751 to discuss your options.


Want to buy a home or to list your property for sale in Newport Beach, Costa Mesa, Huntington Beach or Orange County? Contact me at christine@donovanblatt.com or 714-319-9751 to learn about her system which will make your buying and selling experience easier.



Disclaimer: All information in this blog is deemed reliable but is subject to change at any time and is not guaranteed to be accurate nor are there any warantees either express or implied. This blog is not intended to offer any legal, tax or other advice.


Click Orange County homes for sale to view all OC homes for sale. Copyright © 2009 by Christine Donovan, All Rights Reserved. Costa Mesa Real Estate News - Central Costa Mesa Market Report.



Costa Mesa Real Estate News - South Coast Metro Costa Mesa Market Report

Costa Mesa Real Estate News - South Coast Metro Costa Mesa Market Report

South Coast Metro is an area that encompasses both Costa Mesa and Santa Ana. However, the South Coast Metro area in Costa Mesa usually refers to the area east of Bear Street and north of the 405 (San Diego Freeway). It is at the junction of Orange County's 55 and 405 freeways. It is the area of Costa Mesa closest to South Coast Plaza. In this unique neighborhood, premier office space and world class shopping vie with first class dining and performing arts venues to form a cosmopolitan blend of culture and business.


The Real Estate Market Report for South Coast Metro is below:

South Coast Metro Homes,South Coast Metro Costa Mesa Homes,South Coast Metro Real Estate News,South Coast Metro Costa Mesa Real Estate,costa mesa homes,costa mesa real estate

orange county real estate,orange county home value


Based upon general definitions, it appears that the South Coast Metro Costa Mesa homesshould be in a Sellers' Market though it still appears to be a Buyers' market. Given all that is going on in the credit market and the banking industry, we are in an unusual time and will have to see what happens over the next few months as things hopefully begin to stabilize.


Real Estate Market reports for additional areas of Costa Mesa and nearby cities:


Mesa Verde Costa Mesa Real Estate News

Westside Costa Mesa Real Estate Report

Eastside Costa Mesa Real Estate News

Costa Mesa Real Estate Report

Central Costa Mesa Real Estate Report

Newport Beach Real Estate News

Fountain Valley Real Estate News

Huntington Beach Real Estate Report

For more information about South Coast Metro Costa Mesa homes, please visit Costa Mesa real estate.
For more information on Costa Mesa homes or the value of a particular home please visit Costa Mesa home values


Click for a free list of Orange County foreclosures or a free list of Orange County short sales or e-mail Me!


***************************************************************************

About the author: Christine Donovan is a California Residential Real Estate Broker with experience in assisting clients buy and sell residential real estate.


Are you upside down in your home? Is it worth less than you owe? Are you concerned about making your mortgage payment? Contact me at christine@donovanblatt.com or 714-319-9751 to discuss your options.


Want to buy a home or to list your property for sale in Newport Beach, Costa Mesa, Huntington Beach or Orange County? Contact me at christine@donovanblatt.com or 714-319-9751 to learn about her system which will make your buying and selling experience easier.



Disclaimer: All information in this blog is deemed reliable but is subject to change at any time and is not guaranteed to be accurate nor are there any warantees either express or implied. This blog is not intended to offer any legal, tax or other advice.


Click Orange County homes for sale to view all OC homes for sale. Copyright © 2009 by Christine Donovan, All Rights Reserved. Costa Mesa Real Estate News - South Coast Metro Costa Mesa Homes Market Report.