Housing prices are low and the government is giving first-time homebuyers an $8,000 tax credit for buying. There is a deadline – the transaction must be completed by November 30, 2009. It usually takes 45-60 days to close a deal, so the time to buy is now. "If you have the cash and a stable job, this is a perfect time to buy a house," said Ilyce Glink, author of "100 Questions Every First-Time Home Buyer Should Ask.” "But people are running out of time.” This credit amounts to $8,000 or 10% of the home's value, whichever is less. The full amount can be claimed by single taxpayers earning less than $75,000 and by married couples who earn less than $150,000. In spite of the slow economy, Utah is in better shape than many other places around the country. Cache Valley's unemployment rates are lower than the rest of the state at 4.2 percent. Businesses are still seeking to come to Utah because prices are low and the standard of living remains high. If you are first time homebuyer I would strongly suggest you look into real estate in the Logan area. The housing market is conservative so prices are reasonable and homes continue to hold their value. Cache Valley, Utah is a great place to live and there is no better time to buy a home in Logan, Utah. Contact me at 435-757-5533 or visit my interactive Web site at www.loganhomefinder.com. CommentsLeave a Reply |
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