Archive for the 'Community Lake Forest' Category

Senate has unanimously passed the extension of the $8,000 home buyer tax credit and the House of Representatives have approved it. The bill now awaits the President’s signature.

The bill does two things, first the extension will push the December 1st deadline through till May 1, 2010. This is an $8,000 tax credit that is available now for first-time purchasers before May 1, 2010. Added to this bill is stipulation that prospective purchasers with binding contracts in place as of April 30, 2010, will be permitted an additional 60 days to complete the transaction. This gives time for those in the process of escrow to properly close.

Second, added to this bill is a new $6,500 tax credit for repeat buyers who purchase between December 1, 2009, and May 1, 2010. For those buyers who have used their home being sold as a principle residence consecutively for 5 of the 8 years, they will be able to receive the new $6,500 tax credit.

Both tax credits are given an extra 60 days to close if they are in binding contracts as of April 30, 2010. Also, the income limits have been expanded to $125,000 on a single return and $225,000 on a joint return. This is an incredible time for home buyers to take advantage of purchasing their first or new home in Rancho Santa Margarita.

For information on buying or selling your Rancho Santa Margarita Home please feel free to call me at (949) 858-1770 or email me at margo@margomurray.com.

Your neighborhood realtor since 1988,

Margo Murray

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Rancho Santa Margarita

  • Star Spangled Spectacular: Enjoy games, live music and children’s activities. Fireworks show to follow. 2 p.m. Free. Lago Santa Margarita, on Avenida de Las Flores between Avenido de Los Fundadores and Antonio Parkway. 949-858-1390 or www.samlarc.org

Mission Viejo

  • Street Faire and Fireworks Spectacular: Street fair kicks off at noon with crafts, entertainment, music and food vendors. 12 noon-10 p.m. Olympiad Road between Marguerite Parkway and Melinda Road. 949-830-7066 or www.cityofmissionviejo.org

Lake Forest

  • Fourth of July Annual Parade: Event kicks off at 7 a.m. with a pancake breakfast hosted by the Kiwanis Club and a 5K run/walk benefiting El Toro High School’s educational boosters. Parade starts at El Toro High School and goes west on Toledo Road then right on Lake Forest Drive. Free. El Toro High School, 25255 Toledo Way. 949-461-3400 and www.city-lakeforest.com

For all other 4th of July events in all the cities of Orange County pleas click on the link below.

Have a wonderful and save 4th of July.

http://www.ocregister.com/ocregister/homepage/abox/article_1745116.php

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You can find great local Rancho Santa Margarita, California real estate information on Localism.com Margo Murray is a proud member of the ActiveRain Real Estate Network, a free online community to help real estate professionals grow their business.

 

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