Louisa Millington
CAPRE Lake Arrowhead 909.534.2067
Investors, are you ready, set?
Get On The Bus!
Lake Arrowhead Foreclosure Tour Saturday, December 19th
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Dedicated To Lake Arrowhead Real Estate
For your convenience I've hand selected the best properties available, in every price range, from the entire Lake Arrowhead Real Estate Inventory. Take a look at the Listings I've made available for you to preview. As a 19 year Mountain Resident, I understand what is important to buyers. I also know what makes mountain living both enjoyable and accessible, such as level entry homes, minimal numbers of stairs, and paved,well maintained roads. If you are looking for a Lake Front property, I will help you navigate your way through the prestigious Point Hamiltair, or take you through the gorgeous North Shore. Tell me your wish list, and I'll help you find your Lake Arrowhead Mountain Dream Home.
The role of a Lake Arrowhead California Realtor is to guide you through the buying or selling process. I am absolutely committed to fulfilling your needs with the highest level of professionalism, expertise, and service. As a Lake Arrowhead Real Estate agent, my commitment to your satisfaction is the foundation from which a solid business relationship is built. I realize that people do business with real estate agents they trust. I am interested in what is best for you, the client, and am committed to establishing a long-term relationship based on trust. I pride myself on being knowledgeable and staying current with changes in the industry, with a special interest in Lake Arrowhead Real Estate. You have worked hard to be able to purchase the home of your dreams. I feel the responsibility to make those dreams a reality and pursue the right solution.
I invite you to have a look around this site. It is my hope that you find it informative in the area of Lake Arrowhead Real Estate. I believe Lake Arrowhead to be one of the most beautiful areas in California. Have a look at the current Lake Arrowhead Listings. I look forward to assisting you in Lake Arrowhead Real Estate and helping you find the home of your dreams.
Extended Home Buyer Tax Credit
As part of its plan to stimulate the U.S. housing market and address the economic challenges facing our nation, Congress has passed new legislation that:
- Extends the First-Time Home Buyer Tax Credit of up to $8,000 to first-time home buyers until April 30, 2010.
- Expands the credit to grant up to $6,500 credit to current home owners purchasing a new or existing home between November 7, 2009 and April 30, 2010.
Here is more information about how the Extended Home Buyer Tax Credit can help prospective home buyers become part of the American dream. If you have specific questions or need additional information, please contact a tax professional or the Internal Revenue Service at 800-829-1040.
Latest news:
Home Buyer Tax Credit Has Added Benefits for Armed Services Members, Others (Nov.11)
Tax Credit Extension a Positive Step Toward Real Estate Recovery (Nov.5)
Who Qualifies for the Extended Credit?
- First-time home buyers who purchase homes between November 7, 2009 and April 30, 2010.
- Current home owners purchasing a home between November 7, 2009 and April 30, 2010, who have used the home being sold or vacated as a principal residence for five consecutive years within the last eight.
To qualify as a “first-time home buyer” the purchaser or his/her spouse may not have owned a residence during the three years prior to the purchase.
If you or your client purchased a home between January 1, 2009 and November 6, 2009, please see: 2009 First-Time Home Buyer Tax Credit.
Which Properties Are Eligible?
The Extended Home Buyer Tax Credit may be applied to primary residences, including: single-family homes, condos, townhomes, and co-ops.
How Much Is Available?
The maximum allowable credit for first-time home buyers is $8,000.
The maximum allowable credit for current homeowners is $6,500.
How is a Buyer's Credit Amount Determined?
Each home buyer’s tax credit is determined by tow additional factors:
- The price of the home.
- The buyer's income.
Price
Under the Extended Home Buyer Tax Credit, credit may only be awarded on homes purchased for $800,000 or less.
Buyer Income
Under the Extended Home Buyer Tax Credit, which is effective on November 7, 2009, single buyers with incomes up to $125,000 and married couples with incomes up to $225,000—may receive the maximum tax credit.
These income limits have changed from the 2009 First-Time Home Buyer Tax Credit limits. If you or your client purchased a home between January 1, 2009 and November 6, 2009, please see 2009 First-Time Home Buyer Tax Credit.
If the Buyer(s)’ Income Exceeds These Limits, Can He/She Still Get a Credit?
Yes, some buyers may still be eligible for the credit.
The credit decreases for buyers who earn between $125,000 and $145,000 for single buyers and between $225,000 and $245,000 for home buyers filing jointly. The amount of the tax credit decreases as his/her income approaches the maximum limit. Home buyers earning more than the maximum qualifying income—over $145,000 for singles and over $245,000 for couples are not eligible for the credit.
Can a Buyer Still Qualify If He/She Closes After April 30, 2010?
Under the Extended Home Buyer Tax Credit, as long as a written binding contract to purchase is in effect on April 30, 2010, the purchaser will have until July 1, 2010 to close.
Will the Tax Credit Need to Be Repaid?
No. The buyer does not need to repay the tax credit, if he/she occupies the home for three years or more. However, if the property is sold during this three-year period, the full amount credit will be recouped on the sale.
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