What a Deal.

Wow, I found a smoking deal for my clients today. We put in our offer and now we are waiting for an answer. I really hope this goes through. 2600sq.ft in Spanish Fork built in 2003 for only $175,000 I am hoping that I get an answer tomorrow!

Contact Me Today!

1 Year with brokers license

So today, I was looking for a vocabulary sheet for a new agent and I noticed that 1 year ago this week I did my brokers license. I thought that was pretty cool. I have enjoyed being a broker and the additional knowledge it has given me. 

2009 Tax credit

Here is an more detailed update on the 2009 tax credit for $8000 and $6500 tax break. 

http://www.teamteasdale.com/2009taxbreaks.aspx 

Market re-cap

Its been too long since I posted on here. I want to write a quick note about the market and how its been going.

July and August is usually our biggest sales months of the years. However this year, September has been our biggest month so far. Listings that have been on the market for over six months we were able to put under contract.  As we entered October, buyers were worried they would miss out on the New home buyer tax credit of $8000. This started a run on the homes under $250,000.

Now a new Tax credit passed by the government. The $8000 tax credit still exists with income amounts raised to $125,000 for an individual and $250,000 for married couple. It also added, a new tax break which will be amazing, its going to be $6500 for existing home owners that have lived in their previous home for at least 5 Years. I believe buyers were using the $8000 credit as down payment so now existing owners should be able to use the $6500 in the same way.

Prices are beginning to stabilize and have the ability to stay strong throughout the winter. According to the division of real estate as of September there are less homes on the market. This is great news because it helps prices stay strong. 

Positive news from KSL

Existing home sales rise along parts of Wasatch Front, dip in others
August 25th, 2009 @ 3:40pm

SALT LAKE CITY -- Sales of existing homes in a five-county area along the Wasatch Front increased 4 percent last month compared to July 2008, according to a new report from the Utah Association of Realtors. 

However, the report shows the median home price was down 6 percent compared to July of last year. 

The report includes Salt Lake, Utah, Davis, Weber and Tooele Counties. Utah County saw the largest increase while Tooele County had the largest decrease. 

Existing home sales 
Salt Lake County up 4.19 % 
Utah County up 21.72 % 
Davis County 0% increase/decrease 
Weber County down 13.35 % 
Tooele County down 15.07% 

It's the second month in a row the number of home sales for that area has increased. 

The numbers mirrored figures released by the National Association of Realtors last week that said U.S. home sales were up 5 percent in July compared to July 2008.

Positive Stats from UCAOR

Comments from the UCAOR.com

With continued national reports of a strong economy and our community as a prefered place to locate a business, continued strong demand, and federal and state incentives, sales rose 42 percent. I have to go all the way back to Aug of 2007 to find a month as strong as June. I am confident that UCAR members will receive this news as nothing as a welcome sign of what we have know all along, that Utah County is a great place and now is a great time to buy.