A friend of mine has 2 projects he wants rid of. We all know the market sucks and it’s hard to sell dirt at this time…..so these are REALISTIC deals. His prices and summaries can be found here:
project-summary-tooele
project-summary-vernal
E-mail me or comment on this blog with questions and we will get back to you!
Differances in Stimulus Plans
Here is some information for you all about the tax credit that first time homebuyers get with the signing of the new stimulus package. Please call us if you have any other questions regarding this!
The Stimulus Plan was signed into law by President Obama today. It contains a new tax credit for first-time homebuyers. Essentially, first-time homebuyers within certain income limits who purchase a home in 2009 before December 1, 2009 will receive a tax credit of up to $8,000. The program is similar to the $7,500 tax credit which applied to home purchases made in 2008 after April 9. A comparison of the two credit programs is outlined below.
While the Stimulus Plan was still being debated, the Senate version originally included a $15,000 tax credit for all homebuyers. To lower the cost of the Stimulus Plan, the final version of the Plan contained this smaller tax credit, and this tax credit is applicable only to first-time homebuyers.
To qualify as a first-time home buyer as defined in the programs, the purchaser (and the purchaser’s spouse) may not have owned a home in the three years prior to the purchase date of the home. Single family homes qualify for the program. The home must be the primary residence.
Both tax credits are subject to the same adjusted gross income limitations (full credit for AGI less than $75,000 single/$150,000 joint, phased out for AGI up to $95,000 single/ $170,000 joint).
The amount for either credit is the lesser of 10% of the home purchase price or $7,500 or $8,000, as applicable.
While a purchaser still owns the home, the $7,500 credit must be repaid in equal payments over a period of 15 years, starting with the 2010 tax filing. The $8,000 credit will not need to be repaid. Again, the $7,500 credit needs to be repaid, while the $8,000 credit does not!
Upon sale of the home, any portion of the $7,500 credit not yet repaid is due in full. No portion of the $8,000 credit is due upon sale of the home, if the home is owned for more than three years. If the home is sold within the first three years, the full amount of the credit is due upon sale.
The $7,500 credit was not available to any purchaser utilizing state/local revenue bond money to help finance the home purchase. There is no such restriction on the $8,000 credit.
Under both the $7,500 and the $8,000 programs, the credit will be claimed on the purchaser’s income taxes. Any amount in excess of taxes owed will be refunded to the purchaser.
I hear a lot of “Gossip” these days about the Real Estate Market. Bottom line for us is, we LIVE IT everyday. We are market experts. Don’t trust you “UNCLE”, let us tell you what the true STATS ARE or you will end up like this story:
First-year students at the UC Davis Vet school were receiving their first anatomy class, with a real dead cow.
They all gathered around the surgery table with the body covered with a white sheet. The professor started the class by telling them, ‘In Veterinary Medicine it is necessary to have two important qualities as a doctor: The first is that you not be disgusted by anything involving the animal body.’ For an example, the Professor pulled back the sheet, stuck his finger in the butt of the dead cow, withdrew it and stuck his finger in his mouth.
‘Go ahead and do the same thing,’ he told his students. The students freaked out, hesitated for several minutes, but eventually took turns sticking a finger in the anal opening of the dead cow and sucking on it.
When everyone finished, the Professor looked at them and said, ‘The second most important quality is observation. I stuck in my middle finger and sucked on my index finger.’ ‘Now learn to pay attention. Life’s tough, it’s even tougher if you’re stupid.’
Wondering where the CHEAPEST real estate per foot in in Utah right now? Here are 14 properties UNDER $300K that have at least 5000 square feet! Some are finished, some are not:
Sorry to spread the chain but I can’t resist adding some more great news.
After the “doom and gloom” Realtor breakfast a Little America last Monday I felt a little bothered that no speaker wanted to be FORWARD thinking. Accordingly I asked myself, “How can we as agents statistically project the future?”
ANSWER: under contracts
Get this: In county code # 1 (SLC) FROM Oct 31st 2008-Jan 1st 2009 Every 5 days there was an average of 38 homes going under contract. THAT’S BAD…..no wonder our closing were SO down in NOV, okay in DEC and bad in JAN.
Here is the kicker: I am sure MANY of you have felt you are SUPER busy the past 3-5 weeks and wondering “WHAT IS THE MARKET GOING TO DO?”
I will TELL YOU!
Same AREA, county code # 1 from Jan 2nd – Feb 6th every 5 days an average of 148 homes have gone under contract! YES, up almost 4 times what is was during the holidays!
Now, I am not advocating the HUGE boom in prices or an amazing turn around. But let the REAL stats speak for themselves……4 times the amount of homes are going under contract right now that there WERE over the late fall/holiday season.
Mark my words…..it will take the media 4-8 weeks to catch onto this and then reports will start coming out that our housing stats are improving. WE AS AGENTS see it first and LIVE it….and it’s our job to inform everyone else!
Hope this brightens your day–
Roughly 1/3rd of ALL THE HOUSES on the market right are SHORT SALES. But guess what, only about 5% of them are approved to sale by the bank at the LISTING PRICE. I just went through all of them in SLC and here are the BEST DANG DEALS OUT THERE. AND every single one is approved to sale at the list price.
Here they are:
2000 square feet UNDER $200K
East Side 2500 square feet UNDER $250K
East Side 3000 square feet UNDER $300K
Hey Everyone, we have a few last minute vacation deals you may be interested in. We have a ski home in Eden Utah, 5 minutes away from Powder Mountain Ski resort. We have a couple weekends left in the ski Season. We are offering a friends and Family rate as it is last minute cancellations. We have Feb 16th – 23rd available, as well as the end of March.. It has been unbelievable skiing this year so take advantage of our friends and Family rate. The home can sleep 23 adults in beds and several more on blow up mattresses. Our normal winter rate is $750 a night. We will offer to all our friends and family $350 a night.. You can’t beat this..
Check out the home
http://vrbo.com/97908
We also have a home in St. George on the Coral Canyon Golf Course, this is a great get away for those looking for the warm weather. We have been offering our friends and family $125 a night. The home sleeps 6 adults in beds plus a few blow up mattresses.. If you all are going down, don’t pay for a hotel get a great house with all of the amenities.
Check out the home.
www.coralcanyon.wordpress.com
Let me know if you are interested.
Thanks,
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www.utahcribs.com Spencer 801-671-7877

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List Price: $199,000
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MLS# 859819
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Stat: Active
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Ref # 1
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Address: 4185 S 1610 E
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Type: Single Family
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Style: Townhouse/Row-End
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City: Salt Lake City, UT 84124
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Project: AMBLE WOOD SPRINGS
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Prop. Tour: NA
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NS/EW: 4185 S / 1610 E
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Tot Sq Ft: 2304
Tot Beds: 4
Tot Baths: 3.00
Family Rms: 1
Fireplace: 1
Gar|Port: 2 | 0 |
Yr Built: 1983
Taxes: $1,415
Acres: 0.10
HOA Fee: $65
Under Cnst: No
Fin Bsmnt: 100% |
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Exterior:
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Lot Facts: Fenced Full
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Features & Info: Patio Covered /
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Inclusions:
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Remarks: Short Sale! All offers to include As-Is Addendum, Proof of Funds, Short Sale & 3rd Party Approval of the REPC Addendum. Home sold “As-Is” Subject to 3rd party approval. Sq ft per county recorde buyer to verify.
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Information deemed reliable but not guaranteed. Buyer to verify all information.
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www.utahcribs.com Spencer 801-671-7877

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List Price: $230,000
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MLS# 860413
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Stat: Active
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Ref # 2
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Address: 2233 KING ST
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Type: Single Family
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Style: Bungalo/Cottage
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City: Salt Lake City, UT 84109
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Project: COUNTRY CLUB
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Prop. Tour: NA
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NS/EW: 2233 S / 2400 E
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Tot Sq Ft: 1748
Tot Beds: 3
Tot Baths: 2.00
Family Rms: 1
Fireplace: 0
Gar|Port: 2 | 0 |
Yr Built: 1949
Taxes: $1,758
Acres: 0.11
HOA Fee: $0
Under Cnst: No
Fin Bsmnt: 100% |
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Exterior: Brick
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Lot Facts: Corner Lot, Curb & Gutter, Fenced Part, Secluded Yard, Sidewalks, Sprinkler, Auto-Full, View, Mtn, View, Valley, Private Yard
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Features & Info: Animals Permitted, Double Pane, Outdoor Lighting, Patio Covered, Storm Windows / Dishwasher, Disposal, Hardwood Floors, Jetted Tub, Kitchen-Updated, Master Bath, Oven-Double, Oven-Gas, Range Oven Free Std., Range-Gas
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Inclusions: Microwave, Range, Range Hood, Satellite Dish, Washer, Window Covers
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Remarks: Gorgeous inside.Great location.new paint,dbl oven,gas range,new carpet and tile, secluded yard, mountain views, much more.Must see this one! Subject to lienholder approval. Buyer to verify all info. Owner/Agent
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Information deemed reliable but not guaranteed. Buyer to verify all information.
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www.utahcribs.com Spencer 801-671-7877

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List Price: $249,900
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MLS# 860849
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Stat: Active
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Ref # 3
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Address: 7991 S 3500 E
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Type: Single Family
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Style: Townhouse/Row-End
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City: Holladay, UT 84117
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Project:
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Prop. Tour: NA
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NS/EW: 7991 S / 3500 E
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Tot Sq Ft: 2651
Tot Beds: 4
Tot Baths: 3.00
Family Rms: 0
Fireplace: 1
Gar|Port: 2 | 0 |
Yr Built: 1983
Taxes: $1,966
Acres: 0.12
HOA Fee: $0
Under Cnst: No
Fin Bsmnt: 100% |
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Exterior: Aluminum/Vinyl
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Lot Facts: Curb & Gutter, Fenced Full, Sprinkler, Auto-Full, View, Mtn
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Features & Info: Deck, Double Pane, Entry(Foyer) / Den/Office, Master Bath, Range Oven Free Std.
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Inclusions: Refrigerator
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Remarks: Darling 2-Story Twin Home with separate yard, walk-out basement, large bedrooms, main floor den/office, nice views of mountains, updated paint and carpet, pergo floors
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Information deemed reliable but not guaranteed. Buyer to verify all information.
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www.utahcribs.com Spencer 801-671-7877

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List Price: $289,900
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MLS# 860317
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Stat: Active
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Ref # 4
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Address: 1815 EDELWEISS CIR
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Type: Single Family
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Style: Rambler/Ranch
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City: Sandy, UT 84092
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Project: SKI VIEW ESTATES
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Prop. Tour: Tour
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NS/EW: 9680 S / 1815 E
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Tot Sq Ft: 3206
Tot Beds: 5
Tot Baths: 3.00
Family Rms: 2
Fireplace: 1
Gar|Port: 2 | 0 |
Yr Built: 1976
Taxes: $1,740
Acres: 0.30
HOA Fee: $0
Under Cnst: No
Fin Bsmnt: 100% |
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Exterior: Aluminum/Vinyl, Brick
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Lot Facts: Cul-de-Sac, Curb & Gutter, Sidewalks
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Features & Info: /
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Inclusions:
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Remarks: FOR SHOW INSTRUCTIONS AND KEYBOX CODE CLICK ON “VIEW AGENT REMARKS.” A Pre-Qual Letter or Proof of Funds MUST accompany ALL offers. 10.2 of the REPC does not apply. Buyer/Buyer Broker to verify all info. Home sold AS IS
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Information deemed reliable but not guaranteed. Buyer to verify all information.
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www.utahcribs.com Spencer 801-671-7877

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List Price: $309,900
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MLS# 859767
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Stat: Active
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Ref # 5
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Address: 2138 EAGLE CREST DR
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Type: Single Family
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Style: 2-Story Conventional
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City: Draper, UT 84020
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Project: SUNCREST
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Prop. Tour: Tour
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NS/EW: 15335 S / 2138 E
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Tot Sq Ft: 3973
Tot Beds: 5
Tot Baths: 3.00
Family Rms: 1
Fireplace: 1
Gar|Port: 3 | 0 |
Yr Built: 2006
Taxes: $2,505
Acres: 0.17
HOA Fee: $112
Under Cnst: No
Fin Bsmnt: 0% |
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Exterior: Stone, Stucco
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Lot Facts: Curb & Gutter, Fenced Part, View, Lake, View, Mtn, View, Valley
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Features & Info: Deck Covered, Double Pane, Entry(Foyer), Outdoor Lighting, Porch Open / Bath-Sep Tub/Shower, Closet-Walk-In, Dishwasher, Formal Dining, Gas Log, Master Bath, Range Oven Free Std., Vaulted Ceilings
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Inclusions:
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Remarks: This is NOT a short sale*Awesome views of Utah County from the top of the mountain*Main floor living*Formal dining or livingr room*covered deck*daylight basement with walkout*Hard to beat this price in the neighborhood*Buyer to verify all info*Owner/Agent
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Information deemed reliable but not guaranteed. Buyer to verify all information.
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www.utahcribs.com Spencer 801-671-7877

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List Price: $315,000
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MLS# 860079
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Stat: Active
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Ref # 6
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Address: 2138 VILLAGE CREST DR
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Type: Single Family
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Style: Rambler/Ranch
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City: Draper, UT 84020
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Project: COVE @ OAK VISTA
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Prop. Tour: NA
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NS/EW: 14800 S / 2138 E
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Tot Sq Ft: 4632
Tot Beds: 2
Tot Baths: 2.00
Family Rms: 1
Fireplace: 1
Gar|Port: 2 | 0 |
Yr Built: 2003
Taxes: $2,465
Acres: 0.17
HOA Fee: $216
Under Cnst: No
Fin Bsmnt: 0% |
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Exterior: Stone, Stucco
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Lot Facts: Fenced Full, Secluded Yard, Sprinkler, Auto-Full, Terrain, Grad Slope, View, Mtn, Wooded
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Features & Info: Animals Permitted, Deck, Double Pane, Entry(Foyer), Patio, Porch Open, Sliding Glass / Bath-Sep Tub/Shower, Closet-Walk-In, Den/Office, Dishwasher, Disposal, Formal Dining, French Doors, Gas Log, Master Bath, Oven-Wall, Range-Countertop, Vaulted Ceilings
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Inclusions: Ceiling Fan, Microwave, Window Covers
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Remarks: Elegant rambler in private & secluded gated community. Hand crafted cherry & cherry stained alder built ins & custom FP,mantle,and entertainment center.Must See! Ten foot ceilings,views,& private park and waterfall across the street.3rd Party approval req
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Information deemed reliable but not guaranteed. Buyer to verify all information.
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www.utahcribs.com Spencer 801-671-7877

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List Price: $349,900
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MLS# 860570
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Stat: Active
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Ref # 7
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Address: 14008 STONE CANYON DR
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Type: Single Family
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Style: 2-Story Modern
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City: Draper, UT 84020
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Project:
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Prop. Tour: Tour
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NS/EW: 14008 S / 1321 E
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Tot Sq Ft: 4876
Tot Beds: 7
Tot Baths: 4.00
Family Rms: 2
Fireplace: 1
Gar|Port: 3 | 0 |
Yr Built: 2000
Taxes: $3,761
Acres: 0.19
HOA Fee: $0
Under Cnst: No
Fin Bsmnt: 77% |
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Exterior: Brick, Stucco
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Lot Facts: Sprinkler, Auto-Full, See Remarks
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Features & Info: /
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Inclusions: See Remarks
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Remarks: ***BANK OWNED*** FOR SHOWING INSTURCTIONS AND KEY BOX CODE CLICK ON “VIEW AGENT REMARKS” SOLD AS/IS.. Granite C-tops, Newer Cabinets, High Ceilings, Great Location, POSS THEATER ROOM. Come and Get it. BEST PRICE IN DRAPER
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Information deemed reliable but not guaranteed. Buyer to verify all information.
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www.utahcribs.com Spencer 801-671-7877

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List Price: $350,000
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MLS# 860638
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Stat: Active
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Ref # 8
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Address: 1898 ASPEN LEAF PL
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Type: Single Family
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Style: 2-Story Conventional
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City: Draper, UT 84020
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Project: SUNCREST
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Prop. Tour: Tour
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NS/EW: 15100 S / 1898 E
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Tot Sq Ft: 4597
Tot Beds: 5
Tot Baths: 4.00
Family Rms: 1
Fireplace: 1
Gar|Port: 3 | 0 |
Yr Built: 2001
Taxes: $2,540
Acres: 0.21
HOA Fee: $98
Under Cnst: No
Fin Bsmnt: 100% |
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Exterior: Stone, Stucco
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Lot Facts: Cul-de-Sac, Curb & Gutter, Sprinkler, Auto-Full, Terrain, Grad Slope, View, Mtn, View, Valley
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Features & Info: Bay/Box Windows, Double Pane, Entry(Foyer), Outdoor Lighting, Patio, Porch Open, Sliding Glass / Bar Wet, Bath-Sep Tub/Shower, Closet-Walk-In, Den/Office, Dishwasher, Disposal, Formal Dining, French Doors, Gas Log, Jetted Tub, Master Bath, Range Oven Built In, Vaulted Ceilings
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Inclusions: Ceiling Fan, Microwave, Range
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Remarks: $76 per square foot & NOT a short sale! New paint, newly finished basement has three possible bedrooms. Corridor, views of city lights. Spacious Master. Great Space & Great Condition!
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