Homebuyer Tax Credit   There?s good news for qualified California homebuyers. Whether your clients are buying their first home or moving to a new home, they may be able to take advantage of the newly expanded California homebuyer tax credit program1. Below are some of the key highlights of the program: Up to $10,000 homebuyer tax credit for first-time or repeat homebuyers (California properties only). New Home Tax Credit is available for the purchase of a seller-certified newly built home. Seller must certify that the home has never been occupied First-time Homebuyer Tax Credit is available for qualified first-time homebuyers who purchase a single family residence. CA Homebuyer Tax Credits are available to homebuyers who close escrow on or after May 1, 2010 and on or before July 31, 2011. No repayment of tax credit required2     These are available for a limited time only, so call today to find out how the newly expanded California homebuyer tax credit program could help your buyers move in to a new home. 1. Restrictions apply. Credits subject to availability; tax credit allocation limits may be reached prior to 7/31/11. Please consult your tax advisor for details about this tax credit. 2.  Homebuyers must immediately occupy the residence as their principal residence for at least 2 years or will be subject to recapture of the tax credit amount. Please consult your tax advisor for details.

Please always talk to your Tax Accountant/CPA "prior" to making any real estate decisions.