Salt Lake Homes For Sale Get A Boost !
Home buyers and sellers of Salt Lake homes got a boost today. (or maybe a third of a boost).
The Senate passed a bill today that will give home buyers some great incentives. Tax Credits !!!
That same bill gives sellers more features to promote when packaging their most valuable possession. Tax Credits!!!
This bill helps every one in the Real Estate transaction. Buyers, Sellers, Realtors, Builders, Appraisers, Title Companies, Inspectors, ETC, ETC, ETC.
It's a win win deal.
But it's only third of the way home. This legislation will be sent to Congress and then on to the President, before it's final. ..... Keep your fingers crossed.
If it passes unchanged, here is a thumbnail sketch of what it will be like.
It will give a direct tax credit to anyone buying a home.
Applies to the purchase of a principal residence.
Tax credit equals 10% of the purchase price, or $15,000, whichever is less.
Credit would be recaptured if home sold w/in two years.
After two years, credit would not be repaid.
Purchase must be made w/in 2 years of legislation being passed.
Current housing credit of $7500 is replaced as of date of enactment.
Home buyers can claim credit on their 2008 Income Tax Return, Now thats incentive :
Be sure and check with your own tax person or mortgage specialist to see how this new legislation can boost your situation.
If you don't have a favorite mortgage specialist, stop by our site and visit .Home Mortgages we have some trusted sources for you to choose from.
For up to the minute Real Estate information, including home listings, MLS inventory, Short Sales and Foreclosed homes, check out Salt Lake Homes.
Or if you just want to talk about whats happening in Real Estate around the valley, call us @ 801-567-0946.
We love to talk about how Salt Lake Homes for sale get a boost.