Wednesday, March 17, 2010

Home Buyers Tax Credit for California

Well everyone, we have great news for those of you who own, or are looking at owning, real estate in California.

Governor Schwarzenegger is on a tour right now through California to promote his new Home Buyer Tax Credit proposal.

According to the Governor on Monday, he was promoting to our legislature to not only extend the current $10,000 state tax credit (which applies to the purchase of new homes only) but to include anyone who buys a home, not just a new home or first-time home buyer.

In essence the Governor is saying, "We want to encourage everyone, including the move-up buyer, to purchase a home in California. And the State of California will give you a $10,000 tax credit to do that."

Hasta la vista baby!

Geoffrey Gault
, Broker
The William Jefferies Co.
Automated Mortgage Investment
1630 Oakland Rd. A109
San Jose CA. 95132
cell 408 202-2089
Office 408 573-0811

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