Take a look through the latest offerings from the Stimulus Plan. Incentives for first time home buyers as well as buyers of new construction. There is an opportunity here especially with the low interest rates.
Contact me for details jdavis@mcguire.com.
Obama’s Federal Stimulus Plan:
$8,000 federal tax credit for first-time home buyers (have not owned a
home in the past three years);
Applies to any primary residence (new construction or previously
owned, but not second homes or investment property), purchased between
January 1, 2009, and November 30, 2009;
Up to modified adjusted gross income less than $95,000 for single taxpayers and
$170,000 for married taxpayers;
Still eligible for the credit, even if overall tax liability is
insufficient to cover the amount of the tax credit;
Must live in the residence for a minimum of three years, or the credit
will have to be repaid.
California State Plan:
$10,000 state tax credit, spread out over three years;
Applies to anyone (first-time or previous home owners) buying a
primary residence (i.e. not second homes or investment property),
between March 1, 2009, and March 1, 2010;
New construction only (i.e. not previously owned or occupied);
No income limit on the credit, but overall tax liability must equal or
exceed the amount of the tax credit;
Must live in the residence for a minimum of two years, or the credit
will have to be repaid;
$100,000,000 has been set aside for this credit, to be allocated to
the first 10,000 eligible home buyers who apply, on a
first-come-first-served basis.
New construction in San Francisco such as the Infinity, One Rincon, Millenium, Blu, The Montgomery…so many choices and a lot of options!
Why wait?
www.DwellSanFrancisco.com 