This movie is for all agents, sellers, buyers and friends of agents. Watch and learn…enjoy!!!!
Presented by Cornerstone Real Estate Professionals
Your Source for Logan Utah Real Estate
To Qualify:
1. Buy or enter into a binding contract to buy a principal residence on or before April 30, 2010 and close on the home by June 30, 2010.
2. If purchased in 2010 you can file for the credit on your 2009 or 2010 return.
3. “Long Time Homeowners” who buy a replacement residence may claim a credit of up to $6,500. They must have lived in the same principal residence for any 5 consecutive year period during the eight year period that ended on the date the replacement home is purchased.
4. “First Time Homebuyer” is a taxpayer who has not owned and occupied another main home at any time during the three years beginning on the date of purchase.
Hopefully that will help straighten out the main concerns. Please ask if you need more details.
This is some information for Alan Barker who is our very own in house market stat coordinator. I thought his finding were interesting and good for current sellers to understand.
Within the last two weeks, the number of homes on the market in Logan, Utah has risen by nearly 5%. Exactly one week ago, Cache County had 687 residential real estate listings. Right now there are 720.
Last year we did hit inventory levels this high until around March, when the Spring listing season typically hits. March and April are typically big months for listing homes for sale.
Some of the increase in inventory can be attributed to the $6,500 move up tax credit. People want to sell by April so they can get the government money when they buy their new homes. However, this sharp spike in the number of homes for sale in Logan is alarming. Home prices will continue to decline as long as there are more homes on the market than there are buyers. At last years pace of home sales, we have more than 9 months of Cache County real estate inventory right now.
