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$8,000 first-time home buyer tax credit has been extended to April 30, 2010

Thu, 05 Nov 2009 23:57:00 GMT

Looking for homes for sale in Utah?

As of today the $8,000 first-time home buyer tax credit has been extended to April 30, 2010.

Purchase contract must be entered into buy April 30, 2010 and closed by June 30.
The tax credit has been expanded to include a $6,500 credit for owners of existing homes who are purchasing a new principal residence.
$6,500 tax credit will be available for home owners whohave been residing in their principal residence for five consecutive years out of the last eight.
Income eligibility limits to claim the full credit amount for both groups of home buyers have been raised to $125,000 for individuals and $225,000 for married couples.

1 reply

Do you think the Tax Credit/Incentive should be extended and why?

Mon, 12 Oct 2009 19:37:00 GMT

I have buyers who are sitting on the fence because they are convinced the buyer incentive for first time home buyers will be extended or adjusted just like the Home Run grant here in Utah. Do you think it should be extended and why? Just curious to see what other people think. I think its hard to keep our creditability if we promote only so many weeks left before the incentive is gone and then boom its back.... again. It feels like the boy who cried wolf. THank you for your time an opinions.
Kim Boekholder, Associate Broker
Keller Williams Utah Realtors
801.580.5824
www.kimboekholder.yourkwagent.com
kboeks@gmail.com

0 replies

I own home in another state but it isn't my primary residence.Do I qualify for the $8000 tax credit?

Tue, 07 Apr 2009 21:49:00 GMT

3 replies

terrible cedit, where can we turn for refinance help?

Fri, 06 Feb 2009 11:22:00 GMT

Allmost 3 years ago my wife and I bought/leasede a home in salt lake city, Utah. We have terrible credit and a "friend" convinced us to use him as our financer. Part of our 3 year agreement was he would help us establish and back us when the baloon time came. this did not happen. We have done massive improvments and made all our payments of 1,100 on time for 3 years. our house value is approx. 170,000 - We owe 129,000. In 5 months we will lose all or work and our home if we dont find someone willing to loan us to pay off the 129,000. Based on the 41,000 equity how can we get help we can trust?

3 replies

I bought a home at the end of 08. I qualify for the current 7500 credit. Should file taxes later?

Tue, 10 Feb 2009 22:53:00 GMT

I read somewhere that the new credit - 15,000 will be nonrefundable, in other words, I can only get it if I owe the gov't taxes. Is that true? What should I do? File now and have to repay the 7500, or wait and maybe not get anything (b/c I don't owe taxes)?

4 replies

How do you interpret the legal description?

Sat, 28 Feb 2009 23:51:00 GMT

If after the lot and block and plat information you see a series of numbers like "4526-1211, 1212 4526-1215 8693-0866 8785-8270,8271 8822-3770" What does it mean?

1 reply

What's the best way to find a place to live in another city before a move?

Fri, 19 Dec 2008 06:29:00 GMT

I've accepted a job offer in Salt Lake City, and I'm moving from Kansas City. I need to find a place to live by mid-January, and I can only physically visit 1 time before moving. Suggestions would be GREATLY appreciated.

2 replies