Pasado Has Brand New Homes That Meet The April 30th Deadline For Up To $18,000 In Tax Credits

April 14, 2010 - PRLog -- Smart consumers who know about the tax credits currently available to qualified first-time homebuyers should also know that the opportunity to get up to $18,000 is quickly going to end. The deadline to purchase by April 30, 2010 is days away and every minute counts for San Diego buyers to visit Pasado in the award-winning community of Del Sur to make their selection and close escrow between May 1 and June 30, 2010. These State and Federal Tax Credits* are worth thousands of dollars and buyers who may be eligible are encouraged to visit www.30homes30days.com immediately to view the Pasado homesites that can meet the approaching spring deadlines for tax credits up to $18,000.

“One of the homes currently featured during the builder’s 30 Homes, 30 Days Sale that can accommodate all of the deadlines is Homesite #44, which is priced at $524,990 and showcases interior upgrades as well as a professionally landscaped front yard. This 2,047 square-foot floorplan has three bedrooms, two- and one-half bathrooms, two-car garage, pecan beech cabinets, stainless steel appliance package, including a stainless steel kitchen sink and faucet, pre-wired security system and CAT-5 wiring,” said Lesley Pennington, Director of Sales for William Lyon Homes. “As strong demand continues for Pasado, eligible buyers cannot afford to wait any longer if they want to reserve their tax credits up to $18,000. When guests visit the sales office, they can also learn how to take advantage of current FHA** financing that requires only 3.5% down, another important boost for buyers to stretch their homebuying dollars further and get the brand new home they want in the perfect setting.”

Pasado at Del Sur offers two-story, single-family detached floorplans that range from approximately 2,047 to 2,360 square feet, with three to four bedrooms, two and one-half to three bathrooms and alley-loaded, two-car garages. Large great rooms, island kitchens, family rooms and courtyards highlight casual living. Side yard fencing adds to the value of each Pasado home.

Pasado is an eco-friendly neighborhood that reflects the builder’s commitment to green-building practices and renewable energy. Intelligent solutions include Photovoltaic systems on pre-selected sites and as an option on other sites, tankless water heaters, Energy Star appliances, 13 Seer high-efficiency air-conditioning, energy-efficient gas heating systems, dual-glazed vinyl windows and more. Front yard landscaping includes weather-based irrigation controls that minimize water usage.

The neighborhood is within walking distance of Del Sur Elementary, ‘Home of the Del Sur Explorers.’ This environmental (CHPS - California High Performance Schools) building offers the curriculum, facilities and setting to rival that of a private school and is under the guidance of the acclaimed Poway Unified School District.

In addition to showcasing award-winning homes by some of the region’s top builders, Del Sur has been honored with numerous regional, state and national awards and provides a distinct lifestyle and abundance of amenities.

The neighborhoods offer a wide variety of residential styles that borrow their grace from San Diego’s architectural heritage. Tree-lined streets, new schools in Poway Unified School District, expansive parks with solar heated swimming pools and 18 miles of trails shared with sister community Santaluz, all surrounded by acres of natural open space, are planned to create a rich living experience for beginning, growing and mature families. For more information on the Del Sur community, visit DelSurLiving.com.

A 2% Broker Referral Fee is offered at Pasado at Del Sur. Brokers must bring their client on their first visit to register. Broker Referral Fee to be paid at the close of escrow.

*The Federal Tax Credit of up to $8,000 or 10% of the purchase price of home (whichever is less) is for qualified first-time buyers purchasing a principal residence that is priced at $800,000 or under and is only available for buyers who enter into contracts on or before April 30, 2010 and close escrow on or before June 30, 2010. The California State Tax Credit applies over a 3 year period, is for up to $10,000 or 5% of the purchase price of a newly built home, whichever is less, and is available for homes that close escrow on or after May 1, 2010 and on or before December 31, 2010 or on or before August 1, 2011, pursuant to an enforceable contract executed on or before December 31, 2010. The credit pool is limited to $100M and will be applied on a first come, first served basis. Not all buyers will qualify for the state tax credit. William Lyon Homes is not responsible for confirming whether the Federal and State Tax Credits are still available, nor is giving legal, accounting or tax advice or consulting of any kind. Please consult with qualified legal, financial and tax advisers to determine whether you will qualify for all or any portions of the federal and/or state tax credits. Visit www.federalhousingtaxcredit.com and www.ftb.ca.gov/ for complete details.

**FHA program guidelines and loan limits are subject to change. All loans subject to credit approval; restrictions may apply. Down payment, payment terms and rates vary based on market conditions and qualifying requirements.

William Lyon Homes means it when they say that they put themselves into their homes. That’s because they build each and every home as if it were their own. They’ve earned a solid track record for constructing homes throughout the West since 1954.

To visit Pasado at Del Sur from the I-5 southbound, exit Via De La Valle east and turn right on El Camino Real. Turn left on San Dieguito Road, left on Camino Del Sur north, right on Paseo Del Sur, and right on Haaland Glen around to Spreckels Place. From the I-5 northbound, take the 56 Freeway East, exit on Camino Del Sur north and turn right on Paseo Del Sur. Turn right on Haaland Glen around to Spreckels Place. The sales office and models are open daily from 10 a.m. to 6 p.m. For more information, call 888-810-3001 or visit www.lyonhomes.com/pasado.

Prices are effective as of the date of publication. All homes are subject to prior sale. Prices and availability of homes are subject to change without notice. DRE Officer License: 00982816.