Jon Cook, CEO, Prudential California Realty

At a recent company meeting in the La Costa office of the Prudential California Realty network, Jon Cook, recently appointed CEO and President at Prudential, spoke about a number of issues that relate to buyers and sellers in today’s unique and somewhat difficult market.

One of the hot topics was the $8000 tax credit that is now available through the government’s revitalization plan for the economy.  As Jon indicated, many first time homebuyers have been cut out of the market over the past number of years because of the high cost of homes.  The “Affordability Index”, as it is called, measures what percentage of the populus can buy a home at any one time based on their income and the median cost of homes.  At one point during the run-up in prices, that number had dropped as low as 7%.  That number now runs close to 45%, a dramatic increase worthy of the attention of any potential first time homebuyer.

Jon Cook, who oversees Prudential’s California Realty group, was General Manager and VP at Prudential, and prior to that President of California Title.

“The $8000 buyers tax credit is a wonderful way for everyone to experience home ownership and take advantage of a once in a lifetime government assisted purchase program.”

NO REPAYMENT REQUIRED

We’ve been asked if the $8000 buyers tax credit has to be repayed.  Well, earlier, back in 2007, the Congress passed a $7500 tax credit that DID have to be repaid over a period of fifteen years.

But the news is all good with the $8000 Buyers Tax Credit for first time homebuyers.  YOU DO NOT HAVE TO REPAY THE $8000, NOT NOW, NOT EVER!!

The $8000 Buyers tax credit is intended to give real buyers, real incentives to buy now, and there’s nothing quite like having the government itself put $8000 TAX FREE cash into your pocket for doing something you probably already want to do.  Again, this is a refundable tax credit, which means that if you owe for example $2500 in taxes, upon filing of your tax return you will completely eliminate the $2500, and in addition, the IRS will send you a check for $5500!!…free and clear. 

Call us today, or contact us at info@8000buyerstaxcredit.com

Death, Taxes, and The Buyers Credit

Death and Taxes.  Feared, loathed, and certainly inescapable, right?

Probably, but let’s take a bite out of the tax man with the Recovery Act’s $8000 Buyers Tax Credit for first time homebuyers. 

Perhaps, like me, you hate what Washington is concocting now, with spending at a rate that dwarfs the economies of all the nations of the world, from the beginning of time!!  And, perhaps like me, you see yourself as wanting to fall back into gentler and easier times,  filled with hope and expectation, with family, friends and neighbors involved in making your life the best it can be.

As we’ve told you, the Recovery Act of 2009 makes an $8000 tax credit available to anyone who is a first time homebuyer, and who meets some very easy criteria.  Once you’ve purchased a home, by December 1, 2009 (NOTE:  It’s December 1, NOT December 31), you have the option of filing a return for 2009 and claiming your $8000 credit, OR you can actually amend your 2008 return if you have already filed it, and the government will assume (for tax purposes) that you purchased the home on December 31, 2008.  If that’s what you want to do, then you can immediately claim and receive your $8000 check back, just as soon as you close escrow on your new home.

Contact us here, or start searching for homes today, and then lets’ talk about why anyone who is thinking about a new home purchase now, should probably stop thinking, and start doing.

Homebuyers Tax Credit - Wall Street to Main Street

Just watched “Meet the Press”, and all the talking heads, talking about spending, investing, saving, creating and helping.

The $8000 buyers tax credit for first time homebuyers is help on the way for you and your loved ones!  No, you didn’t cause this economic slowdown, turndown, or downdown, whatever you feel like calling it.  And no, you didn’t ever think you’d be happy about a “hand-out”, did you?

But, the Recovery Plan and $8000 tax credit is a part of the stimulus and recovery that meets you right where it helps the most.  This tax credit will put $8000 cash into your hands.  That’s right.  This is NOT a tax deduction, but is a tax CREDIT.  A credit means that the government will reach into the pockets of those on Wall Street, and send that money first class delivery to you on Main Street.

Please see us at the North County Business Showcase on March 10, 2009.  We’re in booth 69, and we would love to teach you more about how this benefit can be yours in 2009.