A look at The First Time Home Buyers Tax Credit !!I
This "First Time Home Buyers Tax Credit" plan has some real POP. If your a first time home buyer. Now I don't begin to understand what it all means, and even if I did I'd probably refer you to a Real Estate Tax person or suggest some articles written by professionals.
The least I would do is make available places you could go to look online and determine if this new program had anything to offer you as you looked at buying a new home in SLC.
So here goes..... Here's what I know (I Think)
1. Only homes purchased after April 9, 2008 are eligible.
2. Home purchase must be "Owner Occupied".
3. Must be Home Buyers first home purchased.
4. Single home buyers must have incomes of $75,000 or less.
5. Married home buyers cant make over $150,000 and qualify.
6. Maximum tax credit is $7500. dollars.
7. Tax credit is paid back over 15 years or when the home sells.
For the more professional overview click on the following sites...
National Association of Home Builders site: http://www.federalhousingtaxcredit.com/
Just a guy I found on the Internet: http://catawbavalleyrealestateblog.wordpress.com/2008/08/06/quick-facts-about-the-7500-homebuyer-tax-credit/
Now that we have the tax credit stuff out of the way, and know what were doing your next step should be to start looking at homes in the Salt Lake area.
The best and most efficient way to do that is to log on to Salt Lake Homes and look at homes in the area you want to live in and in the price range you can afford. You'll find all of those things on the site. Pictures, Prices, Maps, Directions; Everything to get you started.
If you know what you want to spend per month you can even find a calculator that figures house payments.
If you want to start in the next 5 minutes, give us a call at 801-567-0946. (just kidding).
Just think it all started with a look at the First Time Home Buyers Tax Credit.