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Riverside and Corona Real Estate for Buyers and Sellers
You need full time Riverside real estate agents who will help make your search for a new home as possible and who will put your needs first, which we will do for you. We will give you as much information as we can to help you make informed decisions in both the selling and buying processes. If you are a first time buyer, don't worry, we'll take good care of you and help you through every step of the home-buying journey. Top Three Reasons to Buy a Home Now
BE THE FIRST TO KNOW ABOUT NEW LISTINGS THAT MATCH YOUR CRITERIA. THE BEST HOUSES AT THE BEST PRICES SELL VERY QUICKLY. SIGN UP HERE. Read our Riverside Blog to learn more about the housing market in Riverside CA. This week's important real estate tip you don't want to missIncredible Help for First Time Home Buyers Did you know that the federal government is offering a credit of $8000 for first-time homebuyers for purchases made in 2009 before Dec 1? The credit does not have to be paid back unless the home ceases to be the taxpayer's main residence within a three-year period following the purchase. This is for first-time homebuyers who purchase a home in 2009. The credit may not be claimed before the closing date. But, if the closing occurs after April 15, 2009, a taxpayer can still claim it on a 2008 tax return by requesting an extension of time to file or by filing an amended return. Q. If I purchase a home in June 2009, and have already filed my 2008 tax return, can I amend my 2008 return or will I have to claim it on my 2009 return? A. You can either file an amended return to claim it on your 2008 return or claim it on your 2009 return. Q. I am in the process of buying a home. I expect to close the deal before December 1, 2009. Can I claim the first-time homebuyer credit now? That would allow me to use the refund for a down payment. A. No. You may not claim the credit in anticipation of a purchase that has yet to happen. Until you have finalized the purchase of your home, which for most purchasers occurs at the time of the closing, you do not qualify for the credit. Q. How do I qualify to be a first time home buyer? A. Taxpayers (including spouse, if married) who owned a principal residence at any time during the three years prior to the date of purchase are not eligible for the credit. This means that you can qualify for the credit if you (and your spouse, if married) have not owned a home in the three years prior to a purchase. NOTE: Home buyers using FHA-approved lenders can apply the tax credit to their down payment in excess of 3.5 percent of appraised value or to their closing costs, which can help achieve a lower interest rate.Some past tips:First Time Homebuyer's Tax Credit - 2009Getting Your Offer Accepted on a Bank-Owned Home Can I Deduct the Loan Points I Paid on My Taxes? Tips to Help Get Your Home Loan Approved
Current National Rates
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