Up to $18,000 in Tax Credits Available for CA Buyers (for short time)

Californians have a brief window of opportunity to receive up to $18,000 in combined federal and state homebuyer tax credits. To take full advantage of both tax credits a first-time homebuyer must have an accepted contract for a home they plan on moving into before May 1, 2010, and close escrow between May 1, 2010 and June 30, 2010. Buyers who are not first-time homebuyers may use the same timeframes to receive up to $16,500 in combined tax credits if they have lived in their existing homes for 5 years as permitted under federal law, and they purchase properties that have never been previously occupied as provided under California law. (contact me for more details)

This is a huge opportunity for those buyers out there to take advantage of some HUGE incentives. Keep in mind these are not deductions but actual credits!!! Use them for buying new appliances, a small remodel, or stash them away for a rainy day. But don't miss out on this opportunity if you are thinking of buying a home.

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