- Single Family Residential
- 5 Beds
- 12 Baths
- 20,982 SqFt
27500 La Vida Real, LOS ALTOS HILLS
$39,988,000
Listing Office: Deleon Realty
California Tax Credit
California Re-Established & Extended $10,000 Homebuyer Tax Credit!
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.
Homes for Sale
Listing Office: Intero Real Estate Services
Listing Office: Compass
- Single Family Residential
- 37 Beds
- 22 Baths
- 24,062 SqFt
20600 Aldercroft Hts, LOS GATOS
$29,800,000
↓ $3,000,000
Listing Office: Christie's International Real Estate Sereno
Listing Office: Christie's International Real Estate Sereno
Listing Office: Golden Gate Sotheby's International Realty
Listing Office: Jefrey Henderson, Broker
Listing Office: San Benito Realty
Listing Office: San Benito Realty
- Single Family Residential
- 5 Beds
- 9 Baths
- 10,462 SqFt
25893 W Fremont Rd, LOS ALTOS HILLS
$17,500,000
Listing Office: Deleon Realty
Listing Office: Golden Gate Sotheby's International Realty
Listing Office: Christie's International Real Estate Sereno
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