April 2009 
There are 14 blog entries for April 2009.
Utah Home Buyers Can Save Up to $14,000
Monday, April 20th, 2009 at 12:39pm. 180 Views, 1 Comments.
With two recently passed government incentives, Utah home buyers can save up to $14,000 when they purchase a new home. Under the terms of the American Recovery and Reinvestment Act of 2009, the federal goverment is offering first-time homebuyers an $8,000 tax credit. Not to be outdone, the State of Utah has also approved a bill offering up to $6,000 in incentives to buyers who purchase a new construction home in Utah. Here are the details of each program:
$8,000 Federal Tax Credit For First-Time Homebuyers
- Home must be purchased between January 1, 2009 and December 31, 2009
- The credit is calculated as 10% of the purchase price, with a maximum credit of $8,000
- The full credit is available to tax-filers with modified adjusted gross incomes (MAGI) of $75,000…
Realtors Save You Money - In More Ways Than One!
Friday, April 3rd, 2009 at 2:34pm. 174 Views, 0 Comments.
Recently the Utah Title & Escrow Commission passed a ruling requiring minimum fees for escrow services related to buying and selling a home in Utah. While in the past, typical fees ranged from $150 to $200 per transaction, the new required fees vary based on the sale price of the home and range from $150 to $350 per transaction.
Why Minimum Escrow Fees?
For years, the Utah Code has required Title Companies to charge no less than their cost for Escrow Services they provide to consumers. These services include coordinating with lenders, Realtors, home buyers and home sellers, preparing paperwork related to the purchase or sale of a home (including preparing deeds and other legal documents), recording these documents with the county clerk when the transaction…
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