Gov. Arnold Schwarzenegger on Thursday signed a bill aimed at selling California's vacant homes and encouraging new construction by extending a $10,000 state tax credit for first-time homebuyers.
The governor signed a bill the state Legislature passed on a bipartisan vote earlier this week. It provides a state tax credit to first-time homebuyers who buy new or existing homes from May 1 until the end of 2010.
Homebuyers can claim 5 percent of the purchase price against their California taxes, or up to $10,000.
Time to buy continues....Call me...........916.747.6357
Kev
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Buy...Sell...Need Financing...Neighborly Realty is here to help. The purpose of this blog is to get information out FAST to you. No need to pick up the phone and call, just keep an eye on these pages for the very latest in market news, financial updates, bailout and recovery programs - as well as several helpful tools down the right hand side. You will never get a sales pitch. We are here to help.
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