Government Incentives To Buy Your Condo Now!

 

Five Reasons to Buy Your Utah Condo This Fall!

September 12, 2008Salt Lake City Condos - Governor Plaza

Buying your Utah Condo this Fall carries incentives that will not last for long.  Many of these incentives affect first-time home buyers or any home buyer who has not owned a home the past three years. Below is a summary of the current incentives:

1.  Interest rates fell this week below 6% with the government bailout of Freddie and Fannie. See the current rate below.

2.  The Federal Housing Administration's (FHA) boost to loan limits will decline in January 2009. For example, the current jumbo loan limit of $729,750 in Salt Lake County will fall by $104,250 to $625,500.

3. Current FHA down payments as low as 3 percent will increase to 3.5 percent beginning October 1. Closing on your new $200,000 condo in September can save $1,000 on your down payment.

4. The Housing Stimulus Bill provides for a tax credit of $7,500 come tax season in 2009. Condo buyers who do not owe any taxes will get the $7,500 as a refund.

5. Many economist are predicting that the market will likely stabilize now that the government has acted to stimulate the housing market as well as take-over control of Freddie and Fannie. As the market stabilizes, condo prices will likely increase. Condominiums will cost more next year!

 

 

Utah Condominium Resources

 

Search Utah Condos - Current condominium listing in Utah.

Search Utah Townhomes - Condo Townhouses for sale in Utah.

Search Utah Ski Condos - Ski Condos for sale in Utah.

Utah Condo Trends - 2007 Condominium market sales, including condo prices, condo demand, and condo supply.

Utah Condominium Update - 2008 Condos for sale in Utah, including condo sales and statistics.

Utah Condo Report - 2009 Condominium market activity, including condo demand, condo prices, and condo supply.

Utah Condominium Survey - 2010 Condo & Townhouse market trends.

Utah Condo REALTOR - Condo real estate specialist for Utah condominiums.

 

 

 

 

 






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Barry J. Preusz
REALTOR | Residential Specialist


Equity Real Estate, 1218 East 7800 South, Salt Lake City, Utah 84094
Office: 801-993-0083