$7,500 TAX CREDIT HR 3221

The Senate passed a tax credit in April of this year HR 3221 for the
real estate market. What does that mean to you as a seller or buyer
in the housing market? It means that you will receive a tax credit
when you file taxes for the home you bought in 2008 or 2009.
(this bill is good from April 9, 2008 to July 1, 2009) of $7,500.

This is only for new home buyers. New home buyer is defined
however as not owning a home within the last three years.

You do not have to pay back the tax credit until 2 years
after the home is bought, paying $500 each time.

The loan does not increase because of interest over the 15 year loan period. The purchase price of the home is not to exceed the $7,500 tax credit (which is 10 percent at a time). Single people can take up to ten percent of $75,000 of the purchase price of their home. Married people can take up to ten percent of $150,000 of the purchase price of their home. After a $170,000 home purchase the tax credit disappears. The loan repayment is over a 15 year period. As soon as you sell that home; that tax credit is due to the government. However if you do not sell your home at a profit the loan is forgiven. TALK TO YOUR TAX ACCOUNTANT to make sure everything is filed right on your income tax returns for this real estate tax credit.
****http://www.hud.gov/offices/cpd/about/conplan/foreclosure/senatefinancesummary.pdf

SEVEN Signs It is Time to Sell Your Home

1. You spend more time driving to work than you do with your family.
2. You spend more money each month for storage than you do for your mortgage.
3. Your neighbor found a loophole in the homeowner's association
rules and is raising donkeys and peacocks.
4. You keep hearing faint voices tell you to to "get out" and they're getting louder.
5. You have now reached the time (about ages 70's, 80's, 90's)
when your yard and house are too much for you to take care of.
6. The living room doubles as a guest room.
7. You have to take a number to use the bathroom.

Home Staging MYTH Busters

Myth 1: Staging is Decorating
FACT:Staging is NOT decorating or design! Decorating or Design is personalizing and Staging is De-Personalizing and preparing a house for the un-known Buyer. That is why it's KEY that you hire someone with training specifically on how to prepare a house for sale. Look for an accredited Staging Professional. You will be so glad you did.Tip: When the focus of the Staging becomes about things and not your house, then you are working with a decorator and not a trained Stager
Myth 2: Staging Costs Too Much....
FACT:Staging is an INVESTMENT in getting house sold and the investment in Staging is always less than a price reduction. When compared with the other costs associated with the sale or purchase of a home, Staging is very reasonable. In most markets, a Staging report detailing what needs to be done to State the house for sale is less than the appraisal or Home inspection reports.
Myth 3: All I need are Lights, Flowers & Music
FACT:Lights, Flowers and Music are great for showing a house, but that is not Staging. Staging requires an objective and professional assessment of a house's strengths and challenge areas, and solutions to help Buyers fall in love with what they see. This requires more than just flowers and music to achieve-it requires an Action Plan!
Myth 4: I can Just Watch One of Those Shows..
FACT:The shows on HGTV and similar channels give Sellers the idea that they need to do something to their house to prepare it for sale, but Sellers cannot truly be objective in a house they have been living in and need a 3rd party independent opinion to get it properly Staged.

Now is the TIME

Real Estate is about your life and your dreams. We can make them happen even in this slow market. We are adjusting to the market and here in Utah the market is still doing well. We have many businesses besides the housing industry which keeps us still moving forward in times such as now. THERE could not be a better time to invest in Real Estate.