A $10,000 home buyer credit for purchasers of new homes in California? I’ve been checking on the web to see if things are different in other states with regard to jump starting the economy and the housing market. There are actuallydifferent things happening out there to spur the economy. Here are a few highlights of a California new home buyer incentive:
- It’s in addition to the federal first home buyer tax incentive of $8000. (so first time home buyers who buy new construction have a total of an $18,000 credit)
- It’s not just for first time home buyers, it’s for any home buyer who buys new construction.
- It’s limited to the first 10,000 new home buyers.
- It is available now through March of 2010.
If you follow the link above, you can find out the complete details of the new home buyer credit, which is not to be confused with the first time home buyer credit!
What do you think? Is this something that would work in Washington State?
Eastside Real Estate Buzz
[...] A Payment Protection Plan for Home Buyers Who Lose Their Jobs? In 2009 stimulus package, For Buyers, For Homeowners, For Sellers, financing, real estate, real estate marketing on April 30, 2009 at 3:42 pm I’ve been interested to see how the tax incentive is being handled in other parts of the country and found some interesting things going on. Washington State is implementing a program in which a first time home buyer will be able to use the federal first time home buyer tax incentive towards a down payment. In California buyers of new homes receive a state incentive. [...]