SOURCE: William Lyon Homes

William Lyon Homes

May 05, 2010 17:15 ET

Name a Brand New William Lyon Home and Claim up to $10,000 in California Tax Credits

NEWPORT BEACH, CA--(Marketwire - May 5, 2010) -  With prices at an all-time low, it's time for smart consumers to make a move by naming the William Lyon home they want and claiming up to $10,000 in California Tax Credits based on eligibility*. Act now while these state funds are available and take advantage of this valuable opportunity to save thousands of dollars on a quality built home in a great location. From north Fontana to San Diego, consumers can increase their buying power with a brand new William Lyon home. Visit www.claimyour10k.com to learn more on the Name It & Claim It program and important requirements.

"The time is right for Southern Californians to visit one of our participating neighborhoods, purchase a brand new home at prices from the low $200,000s, apply to find out if they qualify for the state tax credits and also benefit from today's low interest rates, which translate into lower monthly payments. These three reasons add up to a winning combination, but time is of the essence for buyers, including first-timers who want to make the most of these huge financial advantages," explained Lesley Pennington, Director of Sales for William Lyon Homes. "Buyers who are eligible for the state tax credits must take into consideration that certain deadlines must be met and that once the $100 million has been given out to qualified consumers, this opportunity will be over. The bottom line is always getting the most for one's money and an extra $10,000 can make all the difference to couples, families and young professionals looking for the home of their dreams by an established builder who will help them every step of the way."

William Lyon Homes' neighborhoods that are participating in Name It & Claim It include Rosabella at gated Shady Trails in north Fontana and Adelina in north Fontana, which is almost completely sold-out. Pasado at Del Sur in San Diego is a brand new address showcasing single-family detached homes, Blossom Grove at The Foothills in Carlsbad recently introduced its single-family designs, and Mirasol at La Costa Greens is selling its first phases of single-family detached residences in a coastal-close Carlsbad location.

ThreeSixty at South Bay in the desirable Westside area of the I-405 off El Segundo Boulevard in the City of Hawthorne is selling homes at The Court and The Flats. Orange County opportunities include Ivy, a townhome collection located within Woodbury East, the newest of the Villages of Irvine®. Another exceptional Irvine address is San Carlos Court in the Village of Portola Springs®, which is now pre-selling.

*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 State Tax Credit is 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 state tax credits. Visit www.ftb.ca.gov/ for complete details.

Smart consumers know that it matters who their builder is, and 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.

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.