Continue reading »]]> The State of Utah has released a new Home Run Grant to help the construction industry as winter approaches. The basics of the program are that anyone who makes less then 75k if you are single or 150k if you file jointly will be eligable for a $4,000 dollar grant if you purchase new construction. You do not have to be a first time home buyer.

If you wouldl like some more specifics on the home run grant you can visit the Utah Housing website at Home Run Grant Info
or call me at 435-701-0448 and I would be happy to anwser any questions you might have about the process or the program rules. I do have properties available that qualify!

Continue reading »]]> As many of you may know the Federal Government just passed a stimulas bill.  In that bill was a $8,000 dollar tax credit for first time home buyers.   (First time is anyone who hasn’t owned a home in the last 5 years)   What is great and different about this credit is that unlike the previous $7,500 dollar credit, you DO NOT have to pay this back.   The basic rules are you have to buy the home from 1 Jan 2009 to 1 Dec 2009 and the home must be your primary residence.

Here are some questions I have had asked that may help some of you as well.

If I purchased in 2008 do I still have to pay back the $7,500 dollar tax credit? Yes, the tax credit was not made retroactive so you still have to pay back the credit if you purchased during 2008.   Sorry

How do I add this to my taxes? Your tax adviser should have the necessary forms and most tax software also includes an easy way to get this credit.

Explain the Credit is it a true refund? I am going to give 3 examples on this credit to illustrate.

Couple #1 is about to recieve $2,500 dollars back with there taxes.  They purchase a home and will now get a check from the IRS for $10,500

Couple #2 owes the IRS $1,500 dollars, they purchase a home and they will now receive a check for $6,500.

Couple #3 owes $10,000 to the IRS, they purchase a home and apply the credit. They now only owe $2,000.

Please feel free to call me and as always remember I am not an accountant so you need to verify what I say with an accountant.

Continue reading »]]> First time home owners (anyone who hasn’t owned a home in the last 3 years) are entitled to a $7,500 tax credit if you purchase from now until July 1, 2009.   The federal government signed this bill into law recently.   

If you are considering purchasing a home be sure to contact your accountant for details.  You can also go to Utah Housing Facts for more information.  You can also give me a call and I would be happy to help you.  

If you are considering a purchase I have worked with lots of first time home owners and I can help you along in the process.   Please just give me a call so we can get started.  

Sam Dodd

Era Realty Center

435-701-0448

Continue reading »]]> With the FHA taking away the Neamia program and the mortgage industry tighting its lending standards 100% financing is getting harder and harder to find.  In fact, we are down to only 1 major program that is still available.  This is the rda loan. 

If you are looking for a home and you want to get 100% financing please call me to discuss options.  

I have lots of great homes in Cedar City that will allow for the 100% financing.  You can also search for home on my website at www.cedarcityonline.com/search-for-homes.php