Bye-Bye Federal First-Time Homebuyer Tax Credit, California Tax credit is next to go.

Today, June 30th 2010, marked the end of the $8,000 Federal First Time Homebuyer’s Tax Credit, as well as the $6500 Move-up Credit. Congratulations to all who were able to take advantage.  If you recently closed escrow, or are currently in escrow, you may also be able to take advantage of the California  tax credit for first time buyers…but you need to hurry!  There are very strict application time limits, limited funds and limited applications being accepted…many of which are already in.  For more information on the California Tax Credit, check out the following link to the California Franchise Tax Board, and as always, also talk to your tax professional.

http://www.ftb.ca.gov/individuals/new_home_credit.shtml

It will be interesting to see if the June Sales Data shows any significant numbers as homebuyers hurried to close on time. There has been much debate on the subject. Did the Tax Credit improve sales….or was it a bust?  Stay tuned.

Why…or Why not, to consider buying a condo.

Picture 005Allison answers one of our  NoDumbQuestion@gmail.com  Listener Question answered.

Question;

 “I’m thinking about buying a condo.  I am looking for a condo complex with a pool and a gym on site .  Are there any condo complexes in Cotati, Rohnert Park, Santa Rosa or Windsor that have these amenities?  How do I find them?  Nothing I have found advertised on the internet had a pool, and only one had a gym.  Are there realtors who deal just with condos and wont try to talk me into buying a house?  Thanks for any help you can give. Love your show.”

Alli’s Answer:— Thanks for listening to the show. We love hearing from our listeners.
 
I’ve pulled up a list of condos in the areas you asked about.  All of them have a pool.  Some have a pool and tennis courts. Only two specify a pool AND gym. Without knowing your criteria, or price point, the results are varied….from under $200,000 to the mid $300,000s, 2 to 3 bedrooms. With more information I can fine tune a search for you. Continue reading Why…or Why not, to consider buying a condo.