Friday, March 27, 2009
For those of you who haven't heard or wonder what it is, Utah recently passed legislation issuing a home run down payment of $6000 to anyone who purchases a home that is brand new, never been lived in. This assistance is to help move some of the home inventory that is currently sitting on the market. There are a limited number of these grants available, so time is of the essence. You can visit my site: www.ReturnRealEstate.com or call me at 801-232-9500 and I would be happy to provide you with a list of properties that would currently qualify for this grant. You may also want to visit www.UtahHousingCorp.org to see how many of these grants are still out there. It originally started at 1670 and last I checked it was already below 1540 so hurry and call me today. This can also be combined with the 8000 first time home buyer credit to give you a total of $14000 from Uncle Sam when purchasing a home! You can also ask me about grants and other incentives that could easily take this total above 20k.
Let's take advantage of these options before it's too late!
Thursday, March 26, 2009
Check back soon!
Monday, March 2, 2009
The current real estate market is a conundrum for some, but for those who study history it is nothing new. Although we have seen some record declines in recent years, we have also seen record appreciation just prior to those declines? So what does that mean to the savvy investors like Robert Kiyosaki, Carleton Sheets, and that Trump guy? They likely foresaw a turn of this nature based on the historical records found on websites like ofheo.gov. Here is a graph of the historical home values in the
As you can see there have been several up and downs in the history of our country. Funny enough they seem to correspond in many ways to major wars and trying times in our economy. It is also interesting to note that it didn’t take long into the great depression to see home values rise considerably. World War 2 all but decimated the gains found throughout the latter half of the Great Depression.
If history paints a picture of the world of real estate, what can we expect from here? This is an honest question that has everyone up in arms, making predictions, and totally confused. If they were to only study history they would see that we are close to the bottom, but have a few years to go before we will see any gains. It could even be decades before we see double digit gains in appreciation. To me this means that we need to be even more conscience of the return on investment we receive through cash on cash returns. The major reason I am buying property in Tooele County Utah and