Craigs Real Estate Blog

The capsha gods are not with me today !

2010-08-28T13:36:00.001-07:00

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Goodbye Baxter.. You were my little gentleman.

2010-07-29T17:36:00.001-07:00

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Rocket man !

2010-07-04T16:40:00.001-07:00

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Drinking a margarita out of a shrek glass with a bendy straw.. Never grow up !

2010-06-29T19:41:00.001-07:00

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Lucky day

2010-06-29T13:37:00.001-07:00

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First brownout of the summer. Gotta love California.

2010-06-28T13:04:00.001-07:00

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Tough girls ! This pic cracks me up

2010-06-22T17:11:00.001-07:00

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Homes and Land ad. Pretty classy Id say !

2010-06-16T16:46:00.001-07:00

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Goats !

2010-05-15T21:33:00.003-07:00

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Goats !

2010-05-15T21:33:00.001-07:00

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Interest rates drop and inventory is getting better ! Let me know what i can do for you !

2010-05-10T11:24:00.001-07:00

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Ready for a swim ?

2010-05-09T14:57:00.003-07:00

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Ready for a swim ?

2010-05-09T14:57:00.001-07:00

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As seen on hgtv dream homes !

2010-05-07T17:30:00.001-07:00

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Pretty pink carpet

2010-05-01T19:53:00.001-07:00

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My FACS certificate. If anyone you know needs help modifying their loan or short - selling their home please have them contact me for a free consultation.

2010-04-21T12:17:00.001-07:00

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Coolest fan! Blades rotate opposite ways

2010-04-18T14:13:00.001-07:00

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The best invention since corn on the cob !

2010-04-07T19:00:00.001-07:00

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Untitled

2010-04-06T22:35:00.001-07:00

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Proper margarita glass !

2010-04-02T22:34:00.001-07:00

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Its almost bbq season !

2010-04-01T22:00:00.001-07:00

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At home depot getting flooring costs for my investors at 9 pm

2010-03-31T20:59:00.001-07:00

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WOW!!! $18,000 combined tax credit window is open!

2010-03-31T13:42:00.001-07:00

Yes, there is a Santa Claus!!! There is a very tight window during which buyers who qualify can actually get up to $18,000 in Federal and California combined tax credits. If your qualifying buyer buys between now and May first they may qualify for the $18,000 total tax credit.

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

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Untitled

2010-03-30T23:19:00.001-07:00

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New logo - in black !

2010-03-25T22:08:00.001-07:00

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Introducing The Bosse Group - new logo design

2010-03-24T21:08:00.001-07:00

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Do YOU like brussel sprouts ?

2010-03-23T19:29:00.001-07:00

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Beautiful staging !

2010-03-21T12:39:00.001-07:00

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Hiking outside clayton , ca the other day

2010-03-19T22:07:00.001-07:00

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Lights were out in downtown concord

2010-03-18T19:04:00.001-07:00

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Hwy 4 rush hour ... Fun

2010-03-16T21:06:00.001-07:00

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Bring back any memories ?

2010-03-15T11:56:00.001-07:00

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I better quit monkeying around and get some office work done

2010-03-14T20:37:00.001-07:00

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Old school light switches

2010-03-13T21:19:00.001-08:00

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Upside Down?

2010-03-12T20:00:00.001-08:00

Craig Bosse
Mobile: (925) 381-6577
Fax: (925) 280-8599
Email: cbosse@rockcliff.com
Website: http://www.bosserealtor.com/
CA DRE #01860169

Posted via email from Craig Bosse Real Estate Posterous

My dog happy to see me after a long day !

2010-03-11T21:56:00.001-08:00

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Nothing better after a busy day than a little family guy !

2010-03-10T18:35:00.001-08:00

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Looking at houses is much more fun than answering emails

2010-03-09T10:30:00.001-08:00

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Bank owned ? It cant be...com

2010-03-08T14:52:00.001-08:00

Yes it is ! Sent from my Nokia phone

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hello

2010-03-08T00:09:00.001-08:00

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The 7 signs of homelessness

2010-03-05T16:07:00.000-08:00

1. You are pre-approved for an FHA loan but have been beat out on the last 17 offers that were all cash

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)

VISIT MY WEBSITE--SEARCH FOR PROPERTIES--CHECK THE VALUE OF YOUR HOME

Pushy Realtor

2009-07-01T23:18:00.000-07:00

Sad But True Dilbert Cartoon

2009-06-29T14:22:00.000-07:00

Spot A Fake Rental

2009-06-16T00:10:00.001-07:00

New California Forclosure Law!

2009-06-15T23:59:00.000-07:00

Time is Ticking on $8000 Tax Credit

2009-06-14T12:59:00.000-07:00

Many first time homebuyers (considered by the government as someone who hasn't owned a home in the past 3 years) know of the $8000 refundable tax credit available this year.

Working in the field I have discovered most haven't considered what that entails. The tax credit ends November 30th, which means that escrow must be closed by Nov 30th.

Since a large percentage of the homes within a new purchasers budget are now REO (bank owned) or Short Sales, the deals are taking longer to close than with a regular sale. It could be several months before close of escrow, add that with the time it takes to aquire financing (one or two weeks) and looking at property (another week or two).

In this scenario it would take 3 months if you started today, subtract that from Nov 30th and you get a deadline of August 31st. That leaves only a couple months to get your downpayment, check the details of your current lease (or find someone to sublet), clean up your credit, and make plans to move. If you want to catch the free government money the time is NOW!

Hello Blogging!

2009-06-13T21:10:00.000-07:00

Just started this.. now you all get to see how the gears in my head work.