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Office Location Ronald Ogden, Principal Broker
Dwell Utah Real Estate
99 North Foxhill Road
North Salt Lake, Utah 84054
Phone: (801) 891-1472
Fax: (801) 298-1512

Utah Homes - New Construction

Information on buying a newly built home in Utah.

There are currently 7 blog entries related to this category.

Salt Lake City Real Estate Market Grows!

Thursday, April 15th, 2010 at 6:28pm. 127 Views, 0 Comments.

As a Real Estate professional, it has been hard to watch our Utah real estate market grind to a very disappointing halt over the last year and a half.  Prices have been pressured to lower levels than we're used to, and even more significant, both 1st-time homebuyers and move-up homebuyers have virtually disappeard from the marketplace.

Utah Homes Sales Up 31%, Year over Year 

With that preface, you can easily understand my excitement at the housing market statistics recently released by the Salt Lake Board of Realtors:  Salt Lake home sales in the last six months are up 31% from the corresponding six-month period a year ago.  In Salt Lake County, home sales in the last 6 months totaled 5,230 units vs. 3,990 units in the previous year.  Now that is a trend we…


New FHA Rules Will Affect Utah Home Buyers

Tuesday, February 23rd, 2010 at 2:54pm. 165 Views, 0 Comments.

Several new Federal Housing Administration (FHA) rules will have a significant impact on the ability of home buyers to obtain FHA insured mortgages.  These rules, though designed to financially strengthen FHA and better assist them in meeting their mission of providing affordable home loans to a wide range of buyers, will nevertheless make it more difficult for many home buyers in Utah to purchase a home.  Here are the details of the new FHA rules:

Higher Mortgage Insurance Premium

When a home is purchased with an FHA loan, the buyer is required to pay a mortgage insurance premium at the time of the loan origination and then monthly, thereafter.  Currently, the "up-front" premium is 1.75% of the original loan amount.  On April 5, 2010, a new rule…


Federal Tax Credit Expanded for Utah Home Buyers

Thursday, November 12th, 2009 at 12:14pm. 181 Views, 2 Comments.

For anyone considering buying a home in the next few months:  Great News!  President Obama just signed into law an extension and expansion of the popular economic stimulus incentive for home buyers.  Set to expire on November 30, 2009, the original $8,000 tax credit incentive has been extended to homes that are under contract by April 30, 2010 and that close by June 30, 2010.  Further, the incentive has been expanded to provide up to $6,500 in tax credits for repeat (i.e., non-first time) homebuyers.  Restrictions do apply, so read further for all the details.

Buy A Home Now And Get $8000 Government Incentive

Tax Credit Available for First Time Buyers: For 1st time homebuyers, you can receive ten percent of the purchase price of your home, with a maximum…


New Housing Grant For Utah: $4,000 For New Homes

Wednesday, September 9th, 2009 at 2:51pm. 171 Views, 0 Comments.

Utah Housing has just announced a new mortgage assistance program that grants $4,000 to home buyers who purchase new homes for sale in Utah.  This grant is available to buyers who 

  • wish to build a new home, or
  • purchase a new home that is currently under construction, or 
  • buy a new home that has been completed, but has never been lived in

Eligibilty For The Home Run 2 Grant

To be eligible for the Home Run 2 Grant, buyers must have not received a grant under the recent completed Home Run 1 program.  In addition, buyer must meet the following restrictions:

  • Income cannot exceed $75,000 if single, or $150,000 if married.
  • The home must be occupied as the buyer's primary and permanent residence.
  • If a mortgage loan is required, the loan must be a 30-year term or less and…


$8000 1st Time Home Buyer Tax Credit Gets Better!

Tuesday, June 2nd, 2009 at 9:45am. 217 Views, 0 Comments.

I wrote a few weeks ago about the state and federal tax credits that are available to Utahns who buy a new home (see Utah Home Buyers Can Save Up To $14000).  Now the $8000 federal portion of this benefit has gotten even better, thanks to recent action taken by the Obama Administration.

The Economic Recovery Act's $8,000 homebuyer tax credit was designed to provide financial help to enable first-time home buyers (defined as anyone who has not owned a home in the last three years), to purchase a home during these economically difficult times, under the following conditions:

  • Must be a first-time homebuyer
  • Must purchase the home before November 30, 2009
  • Must file a tax return in 2010 to receive up to $8,000 tax credit 

The difficulty of this homebuyer tax credit…


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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