Lava Hot Springs has always been a favorite spot to get in the car and go relax. If you have ever thought about buying a home or some acreages to get away to, now is a great time. Winter is a slow time for tourists in Lava, so the Real Estate Market slows down as well. With less competitionit is a perfect time to come in and look at the homes with out a lot of pressure. Sellers have reduced the price of their homes and land in anticipation to get them sold this winter!

Come spring the busy tourist season will start again, and sellers will begin to ask higher prices, so don’t wait to long.

Here are some homed descriptions to give you an idea.

471 W. Elm

This home was remodeled from the inside out in 2006. Everything new: Plumbing, windows, siding, metal roof, wiring, Sheetrock, studs, furnace ects.Great size yard with full sprinkler system, lots of off street parking and alley access. 2 bedrooms, but could easily have a 3rd bedroom (just need to put up one wall, Door is already there) 1 bath. Room to build a nice size garage as well. Great price for only $106,000-Less than what seller paid for it.

175 E. ELM

Great well cared for home. Up-dated electrical, plumbing is in excellent condition. Immaculateyard with large storage shed, full sprinkler system, lots of perennials and off street parking off alley way. Full fenced in yard, newer carpets, great size dinning area, up-dated kitchen with new appliances. Very nice well cared for home. Rare find with 2 bedrooms 2 bathrooms and a Den. Reduced from $129,900 to $125,000. 

6125 E. Pheasant Dr.

Super sharp home on 2.71 fenced acres. Brand new installed hardwood floors and all new inside solid wood doors on  bedrooms and bathrooms. All new light fixtures, ceiling fans. This home a great family room with an open area to Dinning area and kitchen perfect for getting together. Home is walking distance from Portneuf River where you can enjoy swimming and fishing. There is even an access trail to hundreds of acres of BLM ground with in Minutes of home. 3 bedrooms 2 full baths You will love this home. $154,900.

9754 Merrick Road

Affordable home on the Dempsey Creek Golf Course, (formerly Thunder Canyon) about 2 miles south of Lava Hot Springs. This home sits on a large

corner lot, has fairway frontage and has its own well! This is the only home in the subdivision that does not need to be hooked up to the community well system and metered.  This home offers a nice view of the scenery surrounding the home with its large solar windows and open floor plan. This home is very inviting with plenty of light that fills the home. It has high ceilings, a 2 bedroom loft with a 1/2 bath; 1 bedroom,a full bath and laundry on the main floor, a 2 car garage and propane fire place. This home is easily maintained and energy efficient, keeping the power bills low. Come take a look. $162,900

9104 Victory View

What a great home built in 2003. Nestled back in the valley of Moose Hallow, just outside of Lava Hot Springs, you can enjoy 5 acres of  fenced pasture for your animals and a nice large yard with full sprinkler system. parking for RVs, trailers, ects; large 2 car garage. Inside the home features vaulted ceilings, 5 bedrooms, 3 full baths, 2800+ sq ft, large open floor plan with a river rock fire place and a walk out basement to a covered patio. Walk a little further and enjoy an in-ground fire pit surrounded by a brick patio

. This is a peaceful quite place to call yours. 

142 Merel

This home has been completely remodeled, even the floor plan. New wiring, plumbing, windows, Sheetrock, carpet, Bamboo flooring, Master Bedroom with a larger corner tub, Brich cabinets, Vaulted ceilings and granite counter tops. Large deck to entertain and watch the 4th of July Fire Works. Large sunken yard for privacy. Home is located at the top of Lava so you have nice views in all directions. Walk out basement is framed for 2 more bedrooms, a full bathroom, living room and kitchenette. This is great buy at $159,900.

LAND
Lava Ranch has 5 acre of wooded lots that all been reduced to try to get them gone. Each lot has its own uniqueness. Here are just a few prices:

Lot 92: Has Power and septic $55,000

Lot 89: 50,000

Lot 90: 40,000

Lot 91: 35,000

Lot 111: Power and great views: 38,000

For those of you wondering if you can get a loan for the $6,500 tax credit so that you can use it as a down payment on another home.  The answer is Yes! Lenders in the Pocatello area are offering a 2nd loan, just like they are to buyers wanting to use the 1st time buyers tax credit money up front. There is a small origination fee, and a low interest rate. If paid back with in a certain time period a majority of the origination fee is forgiven so the loan is worth getting if you need to use it for a down payment or closing costs.

Well it is official. The 1st time buyers Tax credit has been extended with some perks too! AND Seller can get in on the Tax credit as well.

BUYERS

If you have been on the fence on weather or not you think it is a good time to purchase a home and thought you missed the deadline to get the $8,000 1st time buyers tax credit, you are in luck.

The 1st time buyer Tax credit has been extended until April 30,2010 to get a contact put together on a home. Then you have until July 1, 2010 to get it closed.  Some of the stipulations are the same like : 10% of purchase price or a maximum of $8,000   ($4,000 married filing separate) tax credit. You will receive the tax credit after you close on the home when you file your taxes, or amend your taxes if you want it now and you have already filed your current tax year taxes.

To qualify to be a 1st time home buyer you must not have bought or owned a home in the past 3 years.

The parameters that have changed benefit’s the buyer, so don’t be worried. The income level has gone up; $75,000 Single, $150,000 Married, Additional $20,000 phase out.

 SELLERS

If you have been thinking about buying a home, but concerned about equity, Down payment ects? Starting December 1, 2009 you are eligible for a tax credit as well!

If you have lived in your home for a consecutive 5 years out of the past 8 years, you can qualify for the $6,500.00 ($3,250 married filing separate)tax credit .

You must have a written contract on a home between December 1, 2009 and April 30,2010. It must be closed  by July 1, 2010.

Income limits: $125,000 Single, $225,000 Married. Additional $20,000 phase out.

Maximum purchase limit is $800,000.

Purchaser must attach documentation of purchase to tax return.

P.S.

1st time Buyers have a program from lenders to purchase a home and get a loan for the tax credit up front so they can use it as a down payment. As of right now I am not sure if that applies to the buyers that are upgrading from their current homes, so watch this site for an up-date. I will find out and post for your convenience.