Current home owners, time is running out to take advantage of the $6,500 tax credit!

The $8,000 first-time home buyer grant is also coming to an end this month. Buyers need properties to purchase. You can get a great deal on your home if you sell quickly! Knowing when and where to sell & purchase a home is vital to Real Estate success. The demand is highest in Utah’s Hot Spots!

These locations are the zip codes and prices ranges that had the most demand and highest success last month. Economic improvement and recovery start in hot spots and then spread to other areas of the valley. These hot spots are the areas that will get top dollar for their home. Purchasing a home in one of these hot spots gives you a front row seat to economic recovery.

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The First Time Home Buyer Tax credit was scheduled to end December 1st of this year. However, due to the success of the program, and it’s positive effect on the economy, the Government has voted to extend the program and make more Free Money available.

What does this mean for you?

First time home buyers, who weren’t able to get a home this year, still have a few months to get up to $8,000 to assist with the purchase of their home. The income limit has beenincreased making the credit available to some home buyers who may not have qualified for the previous grant. Perhaps the biggest improvement of this program is extending the credit to all home buyers! Home owners who have been living in their home for 5 consecutive years also qualify for Free Grant…

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The First Time Home Buyer Tax credit was scheduled to end December 1st of this year. However, due to the success of the program, and it's positive effect on the economy, the Government has voted to extend the program and make more Free Money available.

What does this mean for you?

First time home buyers, who weren't able to get a home this year, still have a few months to get up to $8,000 to assist with the purchase of their home. The income limit has been increased making the credit available to some home buyers who may not have qualified for the previous grant. Perhaps the biggest improvement of this program is extending the credit to all home buyers! Home owners who have been living in their home for 5 consecutive years also qualify for Free…

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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…

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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…

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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…

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Yes you can! Get $8,000 from the government to help buy your new home!

It was announced earlier this week that some changes have been made to the $8,000 Federal Tax Credit. The U.S. Department of Housing and Urban Development gave authorization to allow first-time buyers to use their $8,000 UPFRONT. This means it can be used to cover closing costs, to increase your down payment, or buy down your interest rate.

This first-time homebuyer tax credit started last year to help buyers purchase their first home. More details about the loan itself are available here: $8000 Tax Credit. The original tax credit was more like a government loan that had to be repaid. It was improved earlier this year making it so it does not have to be repaid!

This latest…

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It was announced earlier this week that some changes have been made to the $8,000 Federal Tax Credit. The U.S. Department of Housing and Urban Development gave authorization to allow first-time buyers to use their $8,000 UPFRONT. This means it can be used to cover closing costs, to increase your down payment, or buy down your interest rate.

This first-time homebuyer tax credit started last year to help buyers purchase their first home. More details about the loan itself are available here: $8000 Tax Credit. The original tax credit was more like a government loan that had to be repaid. It was improved earlier this year making it so it does not have to be repaid! This latest improvement frees up the money to be used to cover the initial fees of purchasing…

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Hidden Real Estate Fees

What do you get from paying real estate fees?

Because of our experience in Real Estate we see a lot of things. Many times we have gone to a closing where the other people were charged a mysterious fee by their agents and brokerages. We have always wondered what this fee is? What is that for? Sometimes the fee is a legal fee mandated by a broker. Other times however, this fee is illegal!

Sometimes the broker or the agent doesn’t even realize that they are charging their clients an illegal fee. They may justify their fee by citing many other brokerages who have it or by claiming that the fee has been around for a long time. The idea that a lot of people are doing something does not make it legal.

Most real estate…

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What do you get from paying real estate fees?

Because of our experience in Real Estate we see a lot of things. Many times we have gone to a closing where the other people were charged a mysterious fee by their agents and brokerages. We have always wondered what this fee is? What is that for? Sometimes the fee is a legal fee mandated by a broker. Other times however, this fee is illegal!

Sometimes the broker or the agent doesn't even realize that they are charging their clients an illegal fee. They may justify their fee by citing many other brokerages who have it or by claiming that the fee has been around for a long time. The idea that a lot of people are doing something does not make it legal.

Most real estate brokerages have a commission and some…

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