Sandy city has rolled out a home-buying incentive program!

Sandy city has created a new program that will provide low- and moderate-income home buyers with $5,000 for buying a new home in the city. These funds, which can be applied to the down payment and/or closing costs, are actually interest-free loans. After staying in the home for three years, the loan becomes a grant and does not need to be repaid.

Sandy plans to provide 10 loans to buyers of existing, never-occupied homes, and another 10 to buyers who would like to build their home. To qualify for the grant the purchased home needs to be within Sandy city limits, and must be a "single-fmaily" dwelling (this includes townhomes and condos). Also, the purchase prices cannot exceed $305,000 and

Utah Housing Corporation launches Equity Now a program to monetize the home-buyer tax credit!

Home buyers who use a Utah Housing Corporation loan can now use the $8,000 first-time home buyer tax credit to help with their down payment and closing costs. This is done through a new monetization program called Equity Now. Under the program, home buyers will take out a second mortgage, which can be up to 6 percent of the first mortgage amount. Because the first-time home buyer tax credit funds are not available before a home purchase, this second mortgage will be used to help pay the down payment and closing costs. This second mortgage can then be paid off with the funds from the tax credit when it becomes available.

After closing, qualified buyers will

Utah Housing Corporation launches Equity Now a program to monetize the home-buyer tax credit!

Home buyers who use a Utah Housing Corporation loan can now use the $8,000 first-time home buyer tax credit to help with their down payment and closing costs. This is done through a new monetization program called Equity Now. Under the program, home buyers will take out a second mortgage, which can be up to 6 percent of the first mortgage amount. Because the first-time home buyer tax credit funds are not available before a home purchase, this second mortgage will be used to help pay the down payment and closing costs. This second mortgage can then be paid off with the funds from the tax credit when it becomes available.

After closing, qualified buyers will

Mortgage rates are still low and Government incentives are getting ready to expire. The market is hot, but where is it the hottest?

Some areas of Utah have been heating up more than others. Based on where homes were selling last month we have an idea of where home sales are going to be the hottest this month! Those living in these hot spots can get top dollar for their house and get a great deal on another home! These Hot Spots are also prime locations to buy because you can count on a stable home value and being able to sell if you ever need to.

1. Salt Lake City Zip 84109 Price Range: $200K - $250K

Sales History Current Homes for Sale

2. Salt Lake City Zip 84108 Price Range: $100K - $200K

Sales History Current Homes for Sale

3. Salt

Agent's are supposed to protect you right?

Recently, I had a home sale ready to close that the other agent almost killed! Everything was going smoothly and we were within days of closing when we received a request from the buyer to close early. Our sellers needed to stay in the home for 2 weeks, so we negotiated an arrangment to satisfy both parties. The buyer’s real estate agent sent an addendum with the terms of the agreement to us and the title company. The contract was so vague that the title company asked me, “What does this addendum mean? It's extremely vague.” To clarify the terms of the agreement I sent an addendum clarifying the terms. In response the agent sent me an email stating, “I’m advising my client to back out of this deal, it is just

The temperature is rising, and so are home sales!

These summer months are the hottest months of the year to sell your home. Mortgage rates are still low and Government incentives are getting ready to expire. Smart buyers are acting now to take advantage of the market conditions.

Some areas of Utah have been heating up more than others. Based on where homes were selling last month we have an idea of where home sales are going to be the hottest thismonth! If you’re living in one of these Hot Spots and are thinking about moving, now is the best time to capitalize on current demand. Those living in these hot spots can get top dollar for their house and get a great deal on another home!

If you are looking to move this summer, it is the perfect time to

The temperature is rising, and so are home sales!

These summer months are the hottest months of the year to sell your home. Mortgage rates are still low and Government incentives are getting ready to expire. Smart buyers are acting now to take advantage of the market conditions.

Some areas of Utah have been heating up more than others. Based on where homes were selling last month we have an idea of where home sales are going to be the hottest this month! If you're living in one of these Hot Spots and are thinking about moving, now is the best time to capitalize on current demand. Those living in these hot spots can get top dollar for their house and get a great deal on another home!

If you are looking to move this summer, it is the perfect time

Every year over 40,000 fires are caused by home electrical wiring. These fires result in more than 350 deaths and over 1400 injuries each year. One of the major causes of these fires is arcing faults. In recent years builders have been required to install Arc Fault Circuit Interrupter (AFCI) breakers in newly constructed properties. But if your home is more than a few years old it may be vulnerable to arcing faults. Remodeling or updating your home to include these devices can reduce the risk of expensive or deadly electrical fires.

Arcing faults occur in damaged or deteriorated wires and cords. Damage occurs from many normal circumstances as well as mistreatment of wires. Natural aging and exposure to heat vents and sunlight can speed up

Is Bankruptcy in your future?

What factors make someone more likely to file for bankruptcy? Is it their race? Is it their religion? Is it their age group? Could it be because they are poor? Because they are wealthy?

A new study, conducted at Brigham Young University, demonstrates that high bankruptcy rates are directly tied to state policy. http://byunews.byu.edu/archive09-Jun-bankruptcy.aspx

The study shows that bankruptcy rates depend on the state’s law. Some states garnish wages for debts owed while some do not. Other states report bankruptcies while some show it as an informal debt. The study demonstrates that these 2 factors would account for 50% of bankruptcies.

In the book “The Tipping Point,” author Malcolm Gladwell illustrates how 

What factors make someone more likely to file for bankruptcy? Is it their race? Is it their religion? Is it their age group? Could it be because they are poor? Because they are whealthy?

A new study, conducted at Brigham Young University, demonstrates that high bankruptcy rates are directly tied to state policy. http://byunews.byu.edu/archive09-Jun-bankruptcy.aspx

The study shows that bankruptcy rates depend on the state's law. Some states garnish wages for debts owed while some do not. Other states report bankruptcies while some show it as an informal debt. The study demonstrates that these 2 factors would account for 50% of bankruptcies.

In the book "The Tipping Point," author Malcolm Gladwell illustrates how people's behaviors can be