California tax credit??

[ybitz]

Buyers must close escrow or reserve a credit on or after May 1 and before or on Dec. 31 to qualify.

If the California credit only specifies close escrow and not offer acceptance date, you could get both federal and california credits by getting an offer accepted before end of April and close before 5/1 and before end of June, right?

[sdrealtor]

It sounds that way. I just got another short sale approval on one of my listngs yesterday. I asked the buyer’s agent if he wanted to push the 30 day closing back a week because he could potentially get a $10,000 credit from CA payable over 3 years. She said he did a cartwheel in her office when she told him.

[sdrealtor]

It sounds that way. I just got another short sale approval on one of my listngs yesterday. I asked the buyer’s agent if he wanted to push the 30 day closing back a week because he could potentially get a $10,000 credit from CA payable over 3 years. She said he did a cartwheel in her office when she told him.

[sdrealtor]

It sounds that way. I just got another short sale approval on one of my listngs yesterday. I asked the buyer’s agent if he wanted to push the 30 day closing back a week because he could potentially get a $10,000 credit from CA payable over 3 years. She said he did a cartwheel in her office when she told him.

[sdrealtor]

It sounds that way. I just got another short sale approval on one of my listngs yesterday. I asked the buyer’s agent if he wanted to push the 30 day closing back a week because he could potentially get a $10,000 credit from CA payable over 3 years. She said he did a cartwheel in her office when she told him.

[sdrealtor]

It sounds that way. I just got another short sale approval on one of my listngs yesterday. I asked the buyer’s agent if he wanted to push the 30 day closing back a week because he could potentially get a $10,000 credit from CA payable over 3 years. She said he did a cartwheel in her office when she told him.

[Fearful]

The tax credit is for new houses, not resales.

[Fearful]

The tax credit is for new houses, not resales.

[Fearful]

The tax credit is for new houses, not resales.

[Fearful]

The tax credit is for new houses, not resales.

[Fearful]

The tax credit is for new houses, not resales.

[ybitz]

[quote=Fearful]The tax credit is for new houses, not resales.[/quote]
Are you sure? I know that was the case for the old credit, but I think the new credit extends that to first time home buyers buying existing homes as well.

from http://www.nctimes.com/business/article_6b954bb2-5074-5dd7-b8aa-437a976ec8e4.html

The bill applies to buyers who haven’t owned a home in the last three years or who are buying a newly built home. The tax credit would take effect on May 1, immediately after the federal tax credit expires on April 30.

[ybitz]

[quote=Fearful]The tax credit is for new houses, not resales.[/quote]
Are you sure? I know that was the case for the old credit, but I think the new credit extends that to first time home buyers buying existing homes as well.

from http://www.nctimes.com/business/article_6b954bb2-5074-5dd7-b8aa-437a976ec8e4.html

The bill applies to buyers who haven’t owned a home in the last three years or who are buying a newly built home. The tax credit would take effect on May 1, immediately after the federal tax credit expires on April 30.

[ybitz]

[quote=Fearful]The tax credit is for new houses, not resales.[/quote]
Are you sure? I know that was the case for the old credit, but I think the new credit extends that to first time home buyers buying existing homes as well.

from http://www.nctimes.com/business/article_6b954bb2-5074-5dd7-b8aa-437a976ec8e4.html

The bill applies to buyers who haven’t owned a home in the last three years or who are buying a newly built home. The tax credit would take effect on May 1, immediately after the federal tax credit expires on April 30.

[ybitz]

[quote=Fearful]The tax credit is for new houses, not resales.[/quote]
Are you sure? I know that was the case for the old credit, but I think the new credit extends that to first time home buyers buying existing homes as well.

from http://www.nctimes.com/business/article_6b954bb2-5074-5dd7-b8aa-437a976ec8e4.html

The bill applies to buyers who haven’t owned a home in the last three years or who are buying a newly built home. The tax credit would take effect on May 1, immediately after the federal tax credit expires on April 30.

[Author]

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