Broker Cooperation Welcome.
©2012 KB Home (KBH). California state income tax credit of up to $10,000 or 5% of the purchase price of a new, never-been-occupied home, whichever is less (applicable over a 3 year period), is available to qualifying buyers who close escrow on or after May 1,
2010, and before January 1, 2011 (or who purchase a new, never-been-occupied home on or after December 31, 2010, and before August 1, 2011, pursuant to a binding purchase contract entered into on or before December 31, 2010). Since the State of California has allocated only $100 million of
tax credit to this program, it may expire earlier than scheduled. A 2-year principal residence occupancy requirement applies. Anyone who was allowed the 2009 California tax credit will not be eligible. Income limitations, repayment requirements, and other limitations, restrictions and requirements apply.
Tax laws are subject to change. Since individual tax and financial circumstances will vary, see your financial and tax advisors for details and information, and also the California Franchise Tax Board's posted program rules on http://www.ftb.ca.gov/individuals/New_Home_Credit.shtml. Interest rate subject to change.
Payment of Broker Co-op requires Broker to accompany and register buyer on first visit and comply with Broker Co-op Agreement. Photos show upgraded landscaping/options and may not represent communities' lowest-priced homes. See sales counselor for details. KB Home Sales–Southern California Inc. (CA Real Estate License 00242327).