Don't Have an Account? Sign Up to Save Favorite Listings, Save Searches & More...
The Law:
AB 183, signed by Gov. Arnold Schwarzenegger,
allocates $200 million to the credit for homes purchased between May 1 and Dec. 31, and between Dec. 31 and August 1, 2011. That's twice the amount allocated to a similar credit passed for purchasers of new homes last year. Those funds were quickly depleted and builders have been asking for the credit's return ever since.
California has extended the $10,000 Homebuyer Tax Credit to first-time buyers of existing homes as well as buyers of new homes. *The funds will be split evenly between the two groups, and buyers will have to occupy the home for at least two years. This legislation is backed by the California Building Industry Association and the California Association of Realtors.
The credit will be paid out over several years and therefore lessen the blow to the cash-strapped state's budget.
Please feel free to browse through this site to explore any, and all of Silicon Valley's finest neighborhoods. This comprehensive home buyer/seller tool offers direct access to the latest properties for sale in Silicon Valley (Santa Clara & San Mateo Counties.) Featuring extensive community information, Silicon Valley consumer links, Silicon Valley rentals, Silicon Valley school information, free home reports, answers to commonly asked real estate questions, and more, you will find everything about Silicon Valley real estate within one easy source.
Contacting the Boyenga Team is the best way to learn more about Silicon Valley real estate. Feel free to call us at 408.373.1660, 650.497.4645 or send Boyenga Team an email.
Based on information from MLSListings MLS as of May 7th, 2024 at 4:39am PDT.
All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS.
All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
