First Time Home Buyers

$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 »

NOT USING AN AGENT WHEN BUYING DOESN’T EQUAL SAVING MONEY

Monday, October 5th, 2009

This blog post is similar to other posts I have made about real estate commissions. Some people are under the impression that when buying a home that is listed it is cheaper to not have an agent represent you. This is not true. What will happen is the agent that lists the home will get 2 commissions. They will get their commission for listing the home as well as a commission that the buyers agent would have received. Not only will you not save money by not using an agent, but you also won’t get the benefits of having an agent represent you. To see a list of those benefits refer to my other post about using an agent and commissions. I have also seen agents out there not be truthful and tell potential buyers to not use their agents so they can try and get another agents commission.

Tags: Buyers agents, BUYING A HOME, Commissions, Using an realtor
Posted in Buy a House, First Time Home Buyers, Real Estate Agent | No Comments »

Murray, Utah Real Estate: $4,000 GOVERNMENT GRANT

Friday, September 18th, 2009

It is true folks the government grant is back. It was $6,000 before, but who doesn’t want a free $4,000? It doesn’t matter whether you buy a home in Murray, buy a home in Sandy, buy a home West Jordan, or buy a home anywhere in Salt Lake you can possibly qualify for this grant.

So what is this $4,000 Home Run 2 grant exactly???? This is a program that gives $4,000 to buyers who wish to have a new home built, buy a newly constructed home, or have a partially constructed home completed.

Hurry now if you are interested because there are certain income restrictions and guidelines. You must also have this home as your primary residence and yes this program will run out. If you have any questions please contact me. Thanks

Tags: $4, 000 grant, 000 Home Run 2 grant. Mortage assistance
Posted in Builders, Buy a House, First Time Home Buyers, Mortgages | No Comments »

Murray Real Estate: $8,000 TAX CREDIT WHEN BUYING A HOME

Friday, August 14th, 2009

So many of you may have heard about the $8,000 tax credit and wondered how can I get that. Well, this $8,000 is given to any first time home buyer. Whether you buy a home in Murray, buy a home in West Jordan, or buy a home anywhere in Salt Lake you are eligible.

There are a few restrictions however.

You must be a first time home buyer
You must purchase the home on or after Jan. 1st 2009 and before Dec. 1st 2009
Income restriction at $75,000 for a single person and $150,000 for a married couple
It does not have to be paid back unless, within three years of date of purchase, home buyer moves from the home
Home purchase must be for a primary residence

With this $8,000 tax credit it really is a great time to buy!!!!!

Tags: $8, 000 tax credit, first time home buyer
Posted in First Time Home Buyers, Uncategorized | No Comments »

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