First Time Home Buyers

MORE INFO ON $8,000 TAX CREDIT

Friday, March 12th, 2010

Just a reminder that the $8,000 First Time Home Buyer Tax Credit is still available. Homes must be under contract by April 30th of this year and must be bought by the end of June 2010. If you have any questions or would love to get started please contact me at taylornelson@homerealty.com Also if you would like more info on the tax credit below is a great website with lots of questions and answers.

Tags: $8, 000 tax credit, First Time Home Buyer Tax Credit
Posted in First Time Home Buyers, Questions and Answers | No Comments »

2010 HOUSING FORECAST FOR SALT LAKE CITY

Friday, February 19th, 2010

The Salt Lake Board of Realtors has released its 2010 Housing Forecast. There are many interesting facts and predictions. We were told that home sales were up 3% in 2009 as opposed to 2008. They also predict that homes sales could rise nearly 10% in 2010.

Many people ask about the price of homes and the Salt Lake Board of Realtors predicts that homes could continue to decrease 3 to 5% before starting to rebound. Even though the Salt Lake Board of Realtors predicts that home values will decrease it is still a great time to buy. Whether you are looking to buy a home in Murray, buy a home in West Jordan, or buy a home in Salt Lake County prices are relatively inexpensive and interest rates are still great. Also remember there is an $8,000 tax credit to all first time home buyers who purchase or have a contract in place by the end of April 2010.

Tags: 2010 Housing Forecast, Salt Lake Housing Forecast
Posted in First Time Home Buyers, Questions and Answers | No Comments »

$8,000 TAX CREDIT

Thursday, February 4th, 2010

Many of you are wondering about the $8,000 tax credit. This is just a reminder that if you are a first time home buyer and you purchase by April 30th, 2010 you will receive the $8,000 tax credit. In cases where you have a signed contract by April 30th and you purchase by the end of June you are still eligible for this tax credit. Whether you buy a home in Murray, buy a home in West Jordan, or buy a home in Salt Lake City, it is a perfect time to buy. Don’t miss out!!!

Tags: $8, 000 tax credit, 000 Tax Credit Extension, First Time Homebuyers
Posted in Buy a House, First Time Home Buyers | No Comments »

SALT LAKE COUNTY HOME SALES CONTINUE TO REBOUND

Tuesday, January 26th, 2010

The Salt Lake Board of Realtors reported that “sales of single-family homes in Salt Lake County were up 36.2% in the fourth quarter compared to the same quarter last year.” This doesn’t necessarily mean that home prices are going up, but it does mean that people are out there buying homes. Some cities in Salt Lake County saw homes sales jump dramatically while others were a bit more steady. The Salt Lake Board of Realtors reported that “in Draper (84020) home sales soared by 51.7 percent. In Midvale (84047), sales were up 108.8 percent. In Herriman (84096), sales rose by 42.3 percent. In West Valley (84128), sales were up 38.5 percent. Areas of downtown Salt Lake City also saw big increases in sales. Sales in the Avenues (84103) were up 41.7 percent.”

Tags: Homes Sales in Salt Lake County, Salt Lake County Homes Rebound
Posted in First Time Home Buyers, Housing Market | No Comments »

WHAT DOES A TITLE COMPANY DO??? TITLE COMPANIES IN UTAH

Wednesday, December 16th, 2009

Many of you may wonder “What does a title company do”??? There are many things a title company does, but the main one is to be a facilitator during your home buying process. Once an offer on a house is accepted you will pick a title company and make sure they have a copy of the contract. They will also issue you title insurance to insure that when you purchase the property that you own the home free and clear. The title company is also who will prepare all of the closing documents. They will also walk you through those papers when you go in to the title company to sign the documents. Below is a list of many of the responsibilies of a title company.

Preparing the closing documents for all the parties
Paying off the loan of the seller
Walking you through the paperwork at settlement and answering questions
Paying off the seller’s loan
On occasion depositing the buyer’s earnest money check
Coordinating paperwork between all parties involved
Prorating annual property taxes and other items such as rents collected if necessary
Coordinating the funding of the loan
Dispursing checks and commissions
Preparing and recording deeds and other necessary documents

Tags: Title Companies, Title Companies in Utah, What Does a Title Company Do?
Posted in First Time Home Buyers, Questions and Answers | No Comments »

WHAT ARE THE DIFFERENT TYPES OF LOANS??

Wednesday, November 25th, 2009

One of the first steps to buying a home is getting qualified for a loan. This is a very important step because once you are qualified for a loan you will know how much you are approved for, what type of loan you need, and how much you will need to bring in as a down payment.

Here are a few different types of loans:

FHA LOAN

An FHA Loan is a loan insured by a government agency called the Federal Housing Agency. Typically on this type of loan a buyer would need to bring in about 3% of the purchase price for a down payment. There are also still some programs out there today where you can get a loan for virtually nothing down. An FHA loan is very common today and is good to do if you do not have enough for a big down payment that other types of loans may require. One important thing to remember on an FHA loan is that there are limits on the amount of the loan.

VA LOANS

VA Loans are for those that are qualified by military service or other entitlements. This type of loan is not extremely common, but may be a good option for you if you have served in the military.

CONVENTIONAL LOANS

Conventional Loans are also another popular type of loan. Typically you need a 5% down payment so many people opt to go with an FHA loan. This type of loan in not guaranteed or insured by the Federal Housing Agency, but typically these types of loans offer good interest rates.

This is just a brief overview of loans. There are so many types of loans such as an ARM, 15 year, or 30 year loan. If you have questions feel free to ask or I can direct you to a loan officer who would be well qualified to answer your questions.

Tags: Conventional Loans, FHA Loans, Types of Loans, VA Loans
Posted in Buy a House, First Time Home Buyers, Mortgages | No Comments »

$8,000 FIRST TIME HOME BUYER TAX CREDIT, SETS RECORD

Friday, November 20th, 2009

So the $8,000 tax credit was put in place to help stimulate the economy and help home sales. It looks like it is working. During the last year there have been more first time home buyers than ever before. The National Association of Realtors reports that ”the number of first-time home buyers rose to 47 percent of all home sales from 41 percent of transactions in last year’s study, and was the highest on record dating back to 1981. The previous high was 44 percent in 1991.”

For those of you that own a home hopefully this $8,000 tax credit will help keep home prices stable and help keep home sales moving. For those of you that are looking to buy a home and take advantage of low prices & low interest rates remember the first time home buyer tax credit expires the end of April 2010. Also, remember it doesn’t matter if you buy a home in Murray, buy a home in West Jordan, or buy a home in Salt Lake, you are eligible for this tax credit. To check out more info about this article I have attached a link. http://www.realtor.org/press_room/news_releases/2009/11/survey_record

Tags: $8, 000 tax credit, First Time Home Buyer Tax Credit
Posted in Buy a House, First Time Home Buyers, Housing Market | No Comments »

$8,000 TAX CREDIT EXTENSION

Thursday, November 12th, 2009

It’s true folks. The $8,000 first time home buyer tax credit has been extended until April 30th 2010. 1st time home buyers who buy a home, condo, or townhome will be eligible for this credit.

Remember there are income restrictions. Single buyers who make over $125,000 and and married couples who make over $225,000 will not be eligible for this tax credit. Also, this credit is only for homes purchased that are under $800,000.

There is also a $6,500 tax credit for current home owners buying a home that have lived in or owned their property for 5 years. Let me know if you have any questions about these programs. Remember this tax credit is available if you buy a home in Murray, buy a home in West Jordan, or buy a home in Salt Lake City. It is a nation-wide program.

For more info regarding this program read this article from the National Association of Realtors http://www.realtor.org/HOME_BUYERS_AND_SELLERS/2009_FIRST_TIME_HOME_BUYER_TAX_CREDIT

Tags: $8, 000 tax credit, 000 Tax Credit Extension, BUYING A HOME
Posted in Buy a House, First Time Home Buyers, Uncategorized | No Comments »

HOME SALES REBOUND

Friday, November 6th, 2009

I always hear the question Is the market rebounding??? We still have a ways to go, but the short answer is YES!!!! The National Association Reports Existing-home sales bounced back strongly in September with first-time buyers driving much of the activity, marking five gains in the past six months. To read the entire article click here http://www.realtor.org/press_room/news_releases/2009/10/rebound_shows

Tags: Home Sales in Murray, HOME SALES REBOUND, HOMES SALES IN WEST JORDAN
Posted in Buy a House, First Time Home Buyers, Homes for Sale | No Comments »

SUCCESS STORY! $8,000 TAX CREDIT AND $6,000 GRANT IN UTAH

Friday, October 23rd, 2009

So a friend of mine recently bought a gorgeous townhome in Salt Lake City and was able to get the $8,000 tax credit as well as the $6,000 Home Run Grant that the state of Utah was providing. Click below to see a tour of her new townhome!!!

I had always dreamed about and looked forward to the day when I could call a place my very own. After 10 years of paying rent, I knew I was ready to take that scary leap and finally buy a place of my very own. I wasn’t sure how I was going to be able to do it all, buying a house can be very expensive. I initially didn’t have a lot of money to put towards a down payment. But with the help of a $6,000 housing grant that was being offered by the state and the $8,000 tax credit from the Federal government, I was able to purchase my first home and pay for new appliances, washer and dryer, window coverings, and all of the other little expenses you don’t think about when buying a new home. And I still had some left over! I’m so happy I finally decided to take that leap, it has been one of the best decisions I’ve made. -Elizabeth Jarvis

If you have questions about the $8,000 tax credit or grant money in Utah please contact me for more info. Remember in order to get the $8,000 tax credit you must purchase your home before Dec. 1st of 2009.

Tags: $8, 000 tax credit, BUYING A HOME, GRANT MONEY IN UTAH, VIRTUAL TOUR
Posted in Buy a House, First Time Home Buyers, Homes, Townhomes | No Comments »

Search

Murray

Real Estate

Murray Hot Topics

Taylor Nelson
Realtor

I am an expert in:

Company Info

Real Estate Tools