Showing posts with label Los Ranchos Estates. Show all posts
Showing posts with label Los Ranchos Estates. Show all posts

Thursday, November 5, 2009

Tax Credit Extended and Expanded

I want to share with you the Senates favorable vote yesterday, November 4, 2009, in favor of extending and expanding the parameters from first-time home buyers to include existing homeowners.  I included a comparison chart below with a link. 

The president of the California Association of Realtors shared this with me today:


"As it now stands, the federal tax credit will be extended through April 30, 2010, with a 60-day extension if a binding contract is in place prior to the deadline. First-time home buyers will continue to be eligible for a tax credit of up to $8,000, while existing homeowners will be eligible for a reduced credit of up to $6,500. To qualify for the $6,500 credit, existing homeowners must have lived in their current residences for at least five years. The bill also increases the qualifying income limits from $75,000 for single tax filers and $150,000 for joint filers to $125,000 and $225,000, respectively. The purchase price of the home is capped at $800,000 in both instances.

Under additional provisions included in the bill, taxpayers can claim the credit on purchases completed in 2010 on their 2009 income tax returns. The legislation maintains the provision that home buyers do not have to repay the credit provided the home remains their primary residence for 36 months after purchase, and waives this requirement for active duty military personnel who move due to a military order."






James Liptak
2009 President

CALIFORNIA ASSOCIATION OF REALTORS®


Tuesday, October 27, 2009

Los Ranchos Estates Newest Listing

This Coto de Caza home is the only property priced under $3,000,000 in the Los Ranchos Estates and was just built in 2004.









If you would like information on this and other Coto de Caza properties please comment, call or email me.

Wednesday, October 7, 2009

Los Ranchos Estates Market Update October

The Los Ranchos Estates is one of Orange Counties most exclusive communities. It is located within the guard gated private community of Coto De Caza and is unique for its acreage,  equestrian trails, and large custom estate properties. Please call me if you have any questions or wish to discuss this community.