UtahCribs Weblog

Real Estate, Homes, News, Statistics and more

Real Estate Savings

Posted by UtahCribs, Real Estate, Homes on April 4, 2009

Many of you have heard of all the incentives from the federal government and the state of Utah trying to stimulate the housing market. I thought I’d put some of this into perspective for you by showing you an example from a client I have today and the savings this couple will get if they purchase this particular home.
The home is new construction and the savings breakdown is as follows.

$8,000 Federal Government Tax Credit for first time home buyers
$6,000 Home Run Grant from State of Utah for New Construction
$8,000 Builder incentive to go towards closing costs or a rate buy down
$4,200 HOA fee paid up front for two year (This a twinhome with a $175 monthly HOA)
$26,200 Total Savings!

These are the types of deals people are taking advantage of. Please don’t hesitate to call us if you have any questions about how to apply for these incentives. With historically low interest rates and these types of incentives, I think the time to buy real estate is 2009.

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