Saturday, August 28, 2010
Thursday, July 29, 2010
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Tuesday, June 29, 2010
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Tuesday, April 6, 2010
Friday, April 2, 2010
Thursday, April 1, 2010
Wednesday, March 31, 2010
WOW!!! $18,000 combined tax credit window is open!
The reason this will work is that the state defines "purchase" as when the escrow has closed and the Federal law activates upon the signed contract. Consequently there is an overlap of from now until May 1, 2010 to put a sale together and your buyer may qualify for both the Federal and State tax credits but you need to read the details to be sure you understand what your client can expect.Here is what the California Association of Realtors published today.$18,000 IN COMBINED HOME BUYER TAX CREDITS FOR A LIMITED TIME
Californians have a brief window of opportunity to receive up to $18,000 in combined federal and state home buyer tax credits. To take advantage of both tax credits, a first-time home buyer must enter into a purchase contract for a principal residence before May 1, 2010, and close escrow between May 1, 2010 and June 30, 2010, inclusive. Buyers who are not first-time home buyers may use the same time frames to receive up to $16,500 in combined tax credits if they are long-time residents of their existing homes as permitted under federal law, and they purchase properties that have never been previously occupied as provided under California law.
Under the federal law slated to soon expire, a first-time home buyer may receive up to $8,000 in tax credits, and a long-time resident may receive up to $6,500, for certain purchase contracts entered into by April 30, 2010 that close escrow by June 30, 2010. Additionally, under a newly enacted California law, a home buyer may receive up to $10,000 in tax credits as a first-time home buyer or buyer of a property that has never been occupied. The new California law applies to certain purchases that close escrow on or after May 1, 2010 (see Cal. Rev. & Tax Code section 17059.1(a)(4)). California law generally allows buyers of never-occupied properties to reserve their credits before closing escrow, but buyers seeking to combine the federal and state tax credits will not be able to satisfy the timing requirements for such reservations (see Cal. Rev. & Tax Code section 17059.1(c)(1)(A)). Other terms and restrictions apply to both tax credits.
For more information, C.A.R. offers a Home buyer Tax Credit Chart with a side-by-side summary of the federal and California laws. C.A.R. also offers a legal article entitled Homebuyer Tax Credit Update.Remember, a first home buyer is defined as someone who has not owned a home in the last three years in both the state and federal law.
 | Craig Bosse Mobile: (925) 381-6577 Fax: (925) 280-8599 Email: cbosse@rockcliff.com Website: http://www.bosserealtor.com/ CA DRE #01860169 |  |
Tuesday, March 30, 2010
Thursday, March 25, 2010
Wednesday, March 24, 2010
Tuesday, March 23, 2010
Sunday, March 21, 2010
Friday, March 19, 2010
Thursday, March 18, 2010
Tuesday, March 16, 2010
Monday, March 15, 2010
Sunday, March 14, 2010
Saturday, March 13, 2010
Friday, March 12, 2010
Upside Down?
| Craig Bosse Mobile: (925) 381-6577 Fax: (925) 280-8599 Email: cbosse@rockcliff.com Website: http://www.bosserealtor.com/ CA DRE #01860169 | |
Thursday, March 11, 2010
Wednesday, March 10, 2010
Tuesday, March 9, 2010
Monday, March 8, 2010
Friday, March 5, 2010
The 7 signs of homelessness
2. You started looking for a home 2 years ago and your mother is worried you'll never find one underneath the couch
3. Your mother is also worried you will never find a girlfriend under there
4. Your real estate agent tells you to look at open houses until you find one that works, then give him a call
5. You have a dog but no longer a doghouse... it is now the "master suite"
6. Your real estate agent has a 70's hair do and doesn't believe in the " Intra - net" or " Mobile Telephones"
7. All of the homes you look at have no "Pez dispenser collection" room
Homelessness is no joke... Give me a call
Craig Bosse
(925) 381 6577
or search for homes on my website for free (no email needed)