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Get a hassle free, market analysis of the current value of your home | You don't have to be a First time Home Buyer to get a $6500 tax credit. Sell or rent your existing house and buy another one. You don't have to be a first time home buyer to receive this $6500 Home Buyer Tax Credit. This is for repeat home buyers and move up home buyers. |
Has the Market Stabilized in the Salt Lake Area? Real Estate Articles 10 Big-Impact, Low-Cost Remodeling Projects
Are you thinking about selling your home?
Here are some ideas that will help you sell your home fast and for top dollar.
This is a list of budget-minded enhancements you can make to your home that will help it stand out from the competition. Short Sale Guidelines from the Government
Government Announces Short Sales Guidelines
The U.S. Treasury Department announced new guidelines this week designed to make short sales go more smoothly.
$8,000 Federal Tax Credit as down payment
Two very exciting things that happened this last week.
First : The $8,000 Federal Tax Credit can now be used to as a down payment to purchase your first home.
Second : The Utah Home Run2 Grant is available again. Short Sales with Bank of America
In a time when the banks and mortgage companies should be doing everything possible to help move the short sale process along, why are they drawing it out and making it difficult to sell the home? This is another article about the frustrations of completing a short sale and trying to buy a bank repo. The Devastating Effect that Short Sales Have on Both Buyers and Sellers.
The problem with a short sale is the devastating and emotional effect that this lengthy process can have on both Buyers that are trying to buy a house and Sellers that are trying to sell a house that is going through the Short Sale process.  Currently there are 19,540 homes for sale in our 4 county metro area. 18% of those are short sales. (3,575).
10% of the homes sold during the 3rd quarter 2009 were Short Sales. Don't be one of the causualties of the Short Sale War. If you need to sell a home get Short Sale Help today. There has been a lot of news lately about legislation concerning the $8000 tax credit for First Time Home Buyers.
You may be thinking that you might get a better deal or a bigger tax credit if you wait to purchase a home. The problem is, if you wait too long, you might not get anything at all. FULL STORY - >
Short Sale Options Have Improved - Loan Modification Options
New provisions give some homeowners a second shot at a home-saving loan modification, while other homeowners may now be able to take the short sale escape route from foreclosure. Now, mortgage modifications can include second mortgages -- not just first mortgages -- and cash incentives are sweetening short sale deals, thanks to new efforts by the Obama Administration. FULL STORY - > Housing Markets, Top Rising and Falling
It's always fun to compare different markets, but this report doesn't mention our Salt Lake City Real Estate Market.
What we're seeing locally, is more homes are being sold, but the prices are still creeping downwards. However, not as much in other Real Estate markets. We don't take the huge increases in good markets and as a result, we also don't take the huge decreases. Real Estate Outlook: Housing Starts Are Up Again
I'm seeing the same bearish results in the Salt Lake City Real Estate Market. The most bearish of Wall Street economic analysts have made the same point for the past 18 months. There's no recovery or rebound in the housing market, they said, until home builders start building again. But last week the Commerce Department reported an unexpectedly large increase in new single family home starts during May - up by seven and a half percent. FULL STORY -> Short Sales
Job loss, divorce, adjustable rate mortgage, credit card debt, death in the family, medical bills...are just a few of the many reasons why homeowners get behind on their mortgages and may be seeking Short Sales help in Utah. The important thing to remember is that the short sale process can be a complicated and overwhelming process. You need someone with the experience and knowledge to make sure that you are able to avoid a Foreclosure in Utah and take advantage of all the options available to you. Do you want to sell your Utah home and get out from underneath a heavy mortgage, but don't have enough equity in your home to pay commissions and closing cost? I can help! Utah Short Sales. Our professionals have the experience and knowledge to make your Short Sale process go through quickly and as easily and painlessly as possible. The first step is to give us a call. First Time Home Buyers Have An Effect on The Real Estate Market
Lower Interest Rates and Federal First Time Home Buyer Rebate First-time Home buyers accounted for half of all purchases nationally during the first quarter of 2009 as reported by the National Association of Realtors. 134 out of 152 metropolitan statistical areas1 reported lower median existing single-family home prices in comparison with the first quarter of 2008, while 18 metros had price gains.
First-time home buyers were reacting lower prices caused by foreclosures and short sales, The enticement of the $8,000 Tax Rebate and lower interest rates got a lot of First Time Home Buyers out on the streets for their dream home. Their sales had a dramatic impact on metropolitan area median home prices in the first quarter. WOO HOO! Pending home sales are up for the 4th straight month in a row. This is a great article from the National Association of Realtors.
Pending home sales show a sustained uptrend, rising for four consecutive months with very favorable housing affordability and a first-time buyer tax credit boosting activity, according to the National Association of Realtors®. FULL STORY -> Short Sales are an Option to Stop Foreclosure
Utah foreclosures made the top ten in States with the highest foreclosure rates.
If you need Short Sale Help in Utah don't drag your feet. Call us today. Don't be one of the many foreclosure statistics.
Foreclosures have increased despite intervention FULL STORY -> Move up Home Buyer Tax Credit
Good News - The new bill signed into law provides a Move up Home Buyer Tax Credit of up to $6,500 for qualified move-up/repeat home buyers (existing home owners) purchasing a principal residence after November 6, 2009 and on or before April 30, 2010 (or purchased by June 30, 2010 with a binding sales contract signed by April 30, 2010).
$8000 First Time Home Buyer Federal Tax Credit Extended and Expanded President Obama signed legislation today that will extend the $8,000 homebuyer tax credit to contracts signed by April 30 and closed by June 30. The controversial credit, which many say has boosted home sales in recent months, was set to expire after Nov. 30.
The bill also creates a $6,500 credit for those who buy a home after living in their current house at least five years. That measure will apply to contracts signed by April 30 and closed by June 30. The current credit defines a first-time homebuyer as someone who has not owned a residence within the past three years. WOO HOO! Time to go buy a house. |