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How about a real alternative Realty As Is Grand Slam Grant!
 Utah Legislature has used the last 1/3 of the Utah People TARP funds, allocated to the state of Utah, for New Construction Home Buyers Grant. I guess they had to give the development companies more assistant to sell their overpriced, new construction home!!!! There are a lot of programs that really would have benefited home buyer a lot more if the legislator really wanted to stimulate the real estate recovery in Utah. Like why doesn’t Utah have a, loan of the first time home buyers tax credit, so they can use it for their down payment? HUD has approved this and Utah housing, the administrator of the Home Run Grant, is really the only entity in Utah that could do it and their answer to me when I ask them why it wasn’t being provided as a program? Was they didn’t have any Money to do these loans! So why didn’t the legislator allocate the fund for this up front loan of the $8,000 first time home buyers Tax credit I don’t know? Were creating our own Home Buying Program the Realty As Is Grand Slam Rebate 1/2 of Our the Buyers Agent Commission. An Home Any Price Any Use Just buy with us. Short Sales Bank Owned Tax Credit Utah Housing Loans we Just want you to get a home and a real incentive!!! Continue reading Embarrassment to the State The New Utah Home Run Grant!
 First off if you get a notice of defaults for your lender don’t get too upset. Please call a Professional like us at Project Hope for Home Owners 800-604-0281. We specialize in helping people sort out their situation and chose powerfully how they want to deal with this. You have lots of options and time to create a plan. You by no means are alone in this. Salt Lake County Notice of Defaults or NOD’s are up 289% over 2007 levels and 150% over 2008.
I want to look at the trend in # for the last 2 years of foreclosures in Salk Lake County. I will be using the Data form New Reach the best real estate data source available for real estate in Salt Lake County. Below is a chart breaking down the Notice of Defaults for sale Lake County for 2007 -2009? It’s rather sobering to see that for July of 2009 were up 289% over 2007. Continue reading Foreclosures in Salt Lake County up 289% what to do if you get a notice?
 It you’re a first time home buyer and your waiting to get a good deal save money or just haven’t had time to get in the home buying game, I have news. The First Time Home Buyers $8000 free, Tax credit expires November 30 2009. With the new disclosure laws it will take 45 days to close a loan. So if you don’t have a property, not a short sale under contract by October 15th you’ll be in big trouble! If you want to get the best deal a short sale you should have a few under contract now. Don’t’ wait until the last minute. You see this is a people phenomenon. We put off things and rush at the end. We’ll if it goes the way I foresee all the lower priced homes will have a feeding frenzy in September, lender will get back up. Short sale will get backed up and won’t get completed by the deadline. It will be like the days after Thanksgiving accept for home. Let’s avoid the big lines and get you shopping now. We’ll show you how to get and additional $4,500 on a $300,000 home! Continue reading First time Home Buyers $8000 Tax Credit, it’s time to jump in the game
My man on the streets view, of how short sale relate to purchasers in Salt Lake, is they are prices way below the average price per square foot (PSQFT) the PSQFT for short sale range $55 to $75. Where the median listed PSQFT in Salt Lake County in June was $97. See why the buyer only sees those homes as the homes for sale. They are the desirable good buy bang for the buck homes. So buyers rule mentally out the $100 + PSQFT and look at the lower priced higher bang for the buck, short sales and they become the Real homes for sale in their mind. Since buyers will only look at 20 or less homes before they make there mind up and make offers, the best homes become the homes for sale. [...]
Now that we have the economics 101 out of the way let’s look at the Reality As Is way a market behaves, or in this case misbehaves. Markets for housing are constantly in flux, having homes sell and new home come on the market and how that relates to pricing. To price a property correctly in this type of market with an absorption rates less than 8 months but not less than 3 months, you would have to be an attractive home in the lower 30% of the price range for similar properties in order for it to sell in the next 12 months. [...]
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