HAL CUTLER

Find Oxnard Real Estate, Port Hueneme Real Estate & Channel Islands Harbor, California Real Estate!

CAR Fact Sheet

My pals, loyal 24 hours a day! Really, 24 hours! They NEVER sleep, Really!

Blaze, my associates pal is sometimes my pal! She is very shy, but sweet!

Fact Sheet

Provided by the California Association of Realtors® - A trade association representing nearly 200,000 REALTORS(R) statewide.

$7,500 TAX CREDIT FOR FIRST-TIME HOMEBUYERS

With certain exceptions, a first-time homebuyer will receive a tax credit of 10% of the purchase price up to $7,500 maximum, for the tax year in which the buyer purchases a principal residence. The tax credit, however, must be repaid like an interest-free loan in equal installments over the next 15 years or in full if the homebuyer sells the property for a gain. A buyer qualifies as a "first-time" homebuyer as long as the buyer (and spouse if any) has not owned a principal residence in the U.S. for the last three years. The tax credit phases out for a taxpayer with a modified adjusted gross income over $75,000 (or $150,000 for joint returns). This tax credit is available for qualifying homes purchased from April 9, 2008 through June 30, 2009.

FAST FACTS

Calif. median home price - June 08: $368,250 (Source: C.A.R.)
Calif. highest median home price by C.A.R. region June 08: Santa Barbara So. Coast $1,035.000 (Source: C.A.R.)
Calif. lowest median home price by C.A.R. region June 08: High Desert $180,570 (Source: C.A.R.)
Calif. First-time Buyer Affordability Index - First Quarter 08:44 percent (Source: C.A.R.)
Mortgage rates - week ending 08/07/08 30-yr. fixed: 6.52 Fees/points: 0.7% 15-yr. fixed: 6.10 Fees/points: 0.7% 1-yr. adjustable: 5.22 % Fees/points: 0.6% (Source: Freddie Mac)

Contact Information

Telephone: business: 805-984-1995; home office: 805-984-4199
cell: 805-377-1090
FAX: business: 805-985-1242; home office: 805-984-0438
Postal address
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Electronic mail: General Information, Sales & support:; hal.cutler@verizon.net

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Send mail to hal.cutler@verizon.net with questions or comments about this web site. Surfside-Anacapa Real Estate is independently Owned and Operated. Information contained herein is deemed reliable, but not guaranteed. References to size or square footage is taken from public records but is not verified. If your property is listed with a Broker, this site is not intended as a solicitation of the listing. Property offered is subject to prior sale. Consult a qualified specialist for legal or tax issues.
Copyright © 2001 HAL CUTLER - Realtor
Last modified: August 14, 2008 20:07