Now that the April 30th is over… $8000 Federal Tax Credit is over. What do think is going to happen to the R.E. market?

Well, Californian is in luck! The state of California has allocated $100M to home New Home Buyers and $100M to First-Time Buyer Tax Credit. These tax credits are limited to the lesser of 5 percent of the purchase price or $10,000 for a qualified principal residence, and is available on a first come, first serve basis. The number of applicants jump from 430 to 2,470 between May 4 and May 13. If your escrow closed on after May 1st. Act now and apply for this credit before it runs out!

Feel free to contact me if I could be of assistance.

And if you have not bought your home, you still could qualify for this credit. Ask me how!

Nick Pham, 408.425.5304
nick@nickpham.com