Real Estate Tips and Information by Karen List

Buying and Selling Homes in Santa Clara and Alameda County

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Entries Tagged as 'tax credit'

$8,000 Federal Tax Credit for First Time Home Buyer Extension Passed!

July 1st, 2010 · No Comments · buying a home, first time buyer, real estate, tax credit

The $8,000 Federal Tax Credit Extension passed! First time buyers in contracts prior to April 30, 2010 have 3 more months to close and still qualify for the tax credit. The new deadline is September 30, 2010 This is extra good news for those in contract on a short sale transaction.

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Inmates Received the $8,000 First Time Home Buyer Tax Credit!

June 29th, 2010 · No Comments · buying a home, first time buyer, homebuyer, tax credit

My client sent an article to me from USA TODAY that is very interesting information about the $8,000 first time buyer tax credit and it’s just really discerning and pathetic actually. In the article it stated that the IRS tracked thousands of fraud cases and is seeking tighter control. Apparently, nearly 1,300 prison inmates, including 241 […]

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Site for $10,000 State Tax Credit for First Time Buyers

May 26th, 2010 · No Comments · first time buyer, real estate, tax credit

If you are watching to see if you make the deadline, here is the site with the countdown of the money left: http://www.ftb.ca.gov/individuals/new_home_credit.shtml

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FHA Loan or Conventional Loan?

May 25th, 2010 · No Comments · bay area, buying a home, FHA loan, first time buyer, homebuyer, real estate, santa clara, tax credit

I sold this home in Santa Clara for $711,000 to a very nice young couple buying their first home. They initially wanted to get an FHA loan and put as little of a down payment as possible, but also had the ability to go with a conventional loan as well. In my opinion, if you […]

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Move Up Homebuyers in San Jose

May 20th, 2010 · No Comments · bay area, buying a home, homebuyer, move up buyers, real estate, san jose home, tax credit

I sold this home in San Jose to very nice couple owned a home and wanted to buy a larger home in a better school district. So, this transaction was partly a balancing act to ensure that they sold their home and then had a home to move into and make it a smooth transition for […]

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The Long Search to Buy a Home in San Jose with a Happy Ending!

May 11th, 2010 · No Comments · bay area, buying a home, first time buyer, homebuyer, new home, real estate, san jose home, tax credit

These buyers faced a long journey to a very happy ending! I started working with this very nice couple almost a year ago in search for their first home. At the very beginning of the search, that market was still a bit slow, but very soon after the market really started to pick up just […]

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The Buyers Who had Only 60 Days to Buy and Close the Transaction

April 19th, 2010 · No Comments · condo homeowner, first time buyer, homebuyer, new home, real estate, tax credit

These buyers are a very sweet couple buying their first home and they had forced motivation put upon them for buying quickly in that after 19.5 years of living in the SAME apartment, they got a 60 day notice from management. Can you believe it? A faithful tenant for 19.5 years paying his rent on time all those years, and the apartment […]

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$18,000 Combined Tax Credit for a Very Limited Time for California Homebuyers!

April 8th, 2010 · No Comments · buying a home, first time buyer, homebuyer, new home, real estate, tax credit, Uncategorized

Now is the time for a very rare opportunity for up to $18,000 in combined tax credits from the Federal and State for homebuyers. To take advantage of both tax credits, a first time homebuyer must enter into a ratified purchace contract for a principle residence by the end of this month of April and close the transaction between […]

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$8000 Tax Credit For First Time Homebuyers Extended and Income Limits are Higher!

November 6th, 2009 · No Comments · buying a home, first time buyer, homebuyer, real estate, tax credit

President Obama signed the federal tax credit into law.   It is expected to contribute approximately $22 billion to the economy, Congress overwhelmingly passed a bipartisan measure this week extending the $8,000 home buyer tax credit to April 30, 2010, with a 60-day extension if a binding contract is in place prior to the deadline.  The legislation is […]

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