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What Drives First-Time Home Purchases?

by Jeremy Larkin

Well funny you should ask, because we've got an answer! According to a report by KW (Keller Williams Realty) research, St. George first-time home purchases, as well as those nation-wide, are most driven by the following 3 factors: 

1. The current market

2. Financial readiness

3. Location & Price 

Get the full "scoop" in real people's terms in this super short 1:29 video:

If you're a first-time Buyer (or any type of Buyer for that matter..) looking to search for your own home, enjoy free 24-hour access to every single available property in Washington County, including "coming soon" listings before the sign even goes up! Here's that link: St. George Home Search

 

St. George Home Buyers! $6500 Tax Credit for Homeowners of 5+ Yrs

by Jeremy Larkin

The Home Buyer's Tax Credit is back with a vengeance. Formerly just for those purchasing their first homes, the credit has now been expanded to homeowners who have been in the home they are currently vacating or selling for 5+ years.

The Key Points: (so you can look smart at the watercooler, church, etc)

  • $8000.00 Tax Credit for FIRST TIME BUYERS (first home ever or have not owned primary for 3 years) extended into 2010
  • $6500.00 Tax Credit ADDED to the mix for current homeowners who have been in their current primary residence (not investment home) for 5+ yrs. This is KILLER for those who have been eying currently sweet deals thinking about moving "up", "down" or "over" in this market
  • For EITHER credit you must have your home purchase "under contract" by April 30, 2010 and it must be closed by July 1, 2010.
  • Income limits have been increased - up to $125k for a single buyer or up to $225k income for married couples
  • Home purchases OVER $800k do not qualify
  • As before, neither of the credits ever need to be paid back - FREE MONEY!

I agree wholeheartedly with the rest of the world on the fact that our Government is leveraging our lives away with these federally sponsored bailouts, etc, but it doesn't change the fact that these programs: #1 - exist, and that #2 - people would be complete idiots for not taking advantage of the great opportunties they create.

Thoughts?

Displaying blog entries 1-2 of 2

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Photo of Jeremy Larkin - The Larkin Group Real Estate
Jeremy Larkin - The Larkin Group
Keller Williams Realty
50 E 100 S, Suite 300
St. George UT 84770
435.767.9886
Fax: 435-359-5085

St. George Real Estate - Your premier destination for St. George,Utah Real Estate Listings, Home Values, MLS Search, REO/Foreclosure Info &  St. George Real Estate Statistics.  Serving St. George, Santa Clara, Ivins, Washington, Hurricane, LaVerkin, Toquerville & more! Specializing in REO/foreclosure properties, frustrated Sellers, First-Time home buyers, and Investors. Looking for the most LOCAL St. George, Utah real estate information available? Your search is over!