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  Home Buying Tax Credit Expires in 34 Days If you are a first time buyer who wants to take advantage of the $8,000 tax credit, or an existing home owner who has lived in your home for atleast five years, who wants the $6,500 tax credit, you have 34 days to get a house under contract. Now, with this tax credit, the house you buy doesn't have to close until the end of June, but it does have to be under contract by the end of April. There isn't a lot of time yet, but there is enough if you act quickly. Making offers on short sales would not be recommended at this point as they often take much longer than a month to actually get bank approval. There are still lots of homes on the market, lots of good deals, and new homes on the market every day. The current low mortgage interest rates, and the tax credits make it so that nearly any home for sale can be a deal. Start looking for Utah homes for sale online now!    

  5 months on
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  Whats the cost to hire a real estate agent when buying? The way we sell Cache County Utah real estate is different than almost any other product or service. The way the system works, sellers pay a lot to sell their homes, while buyers usually don't pay anything. The ironic thing is that real estate agents usually work a lot harder with buyers than they do with sellers.  When a homeowner needs to sell their home so they hire a Realtor, known as the listing agent. Thier job is to advertise and market the the sellers property, and represent the seller in the transaction to ensure the protection of the seller. When the listing agent takes a listing, a contract is signed that among other things inlcudes the length of the listing agreement and the real estate brokerages listing fee. (usually 56% of the gross sales price). Half of this commission can be given to a buyers agent if they provide a ready, willing, and able buyer. If  the listing agent sells the house without another agent involved, then they receive the entire commission.   When buying a home, buyers don't have to pay their agent anything. It is free to use a buyers agent. Read more about what a buyers agent can do for you. If you would like to view Logan Utah Real Estate for sale, with the best buyers agents in Cache Valley, visit Cornerstone Real Estate's website today.

  8 months on
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  Its time to start looking if you want $8,000 tax credit First Time Buyers! Wake Up!   If you want to take advantage of the best government home buying incentive, the time to take action is now.   The program won't officially be done until the end of November, but this is for real estate purchases, not slurpees. With a real estate purchase, you're looking at weeks, maybe months before you can actually close on your home. Now if you plan on purchasing a Short Sale home, expect to wait even longer.   When buying a home you first need to locate the right property, this doesn't usually happen your first day house hunting. Then you need time to wait for the sellers to respond and negotiate the offer. This could take more than a week depending on how prompt the sellers are, and how much negotiation needs to take place. Last, in an element you have almost no control over, you need time to get your mortgage loan processed and underwritten, (these days, it seems like it's taking a month and a half for final approval on FHA loans.)    So in a simple purchase transaction, you may be looking at close to two months before you can closing will ever take place.   To make things more complicated,  more than 35 different homes for sale in Logan are listed as short sales. With a short sale, plan on at least a month additional for closing time. During a short sale you don't just have to wait for the seller, you also have to wait for the approval of banks.    So, if you want to make the November 30 stimulus deadline, and are looking at short sales, you're going to want to have your offer in by the end of the month.   Happy House Hunting! And no more procrastinating.    

  ~1 year on
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  Logan Real Estate doesnt appear to be recovering quite yet. June Home sales for Cache Valley were very positive, they showed year over year increases from 2008. Unfortunately, (or fortunately depending on if you're on the buying side of real estate transactions). July didn't show the same results. July year over year home sales in Cache Valley were down by about 25%. The good news is that while home sales were down, the active inventory has also decreased. There are now 833 homes for sale in Cache County including: Logan UT Real Estate, Providence Ut Real Estate, Smithfield Utah Homes for Sale, Hyrum Ut Real Estate, Nibley Real Estate, Hyde Park Utah Real Estate, Richmond Utah Real Estate, Lewiston Utah Real Estate, and the rural communites in Cache Valley Utah. This year the total residential inventory peaked at 855 homes for sale.       Cache Valley Real Estate values have also declined. The average price of homes sold during July was $181,135, down 5.77% from last year. The median sold price was $170,500, which is actually the highest single month median this year, but still substantially lower than home sales prices in 2008.   The Logan Real Estate market may not have bottomed out yet, and it will likely remain a buyers market here until atleast next summer.

  ~1 year on
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  Home Search for Ogden Utah Area  With Cornerstone Expanding to the Ogden area, we put together some nifty home search features for Ogden Utah and the surrounding areas:  North Davis County Real Estate Clinton Utah Homes Clearfield Utah Homes Farmington Utah Homes Fruit Heights Homes Kaysville Utah Homes Layton Utah Homes Box Elder County Real Estate Brigham City Homes Tremonton Utah Homes Garland Utah Homes Willard Utah Homes Perry Utah Homes Weber County Real Estate Eden Utah Homes Farr West Homes Harrisville Utah Homes Hooper Utah Homes Kanesville Utah Homes Liberty Utah Homes North Ogden Homes Perry Utah Homes Plain City UT Homes Pleasant View Utah Homes Roy Utah Homes Riverdale Utah Homes South Ogden Utah Homes Sunset Utah Homes Warren Utah Homes Washington Terrace Utah Homes West Haven Homes

  ~1 year on
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  Cornerstone Real Estate Professionals is #1 for Buyer Transaction During the last six months, more buyers have chosen to use Cornerstone Real Estate Professionals than any other Logan area Real Estate Brokerage. Buyers choose to use Cornerstone Real Estate Professionals because we give them them power and control in the real estate search. We give Logan Utah Home buyers the tools they need to make good decisions regarding Logan Homes for sale. We also provide prompt and professional service. Here is the brokerage break down for Cache County Home Sales over the past Six Months: If you would like to use Cornerstone Real Estate Professionals incredible home search tools, visit one of our websites: Cache Valley Homes for Sale Logan UT Homes for Sale Providence Utah Homes Hyrum Utah Homes Smithfield Utah Homes for Sale Utah Real Estate for Sale Search Utah Homes for Sale

  ~1 year on
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  Search Logan Homes by Neighborhood  When searching for homes, have you ever narrowed it down to a certain neighborhood, or wanted to just know exactly what homes were available in a certain region? With our map search feature, Cornerstone Real Estate enables to do just this. We also have some preset neighborhoods for popular Logan subdivisions. Search homes for sale in Logan Utah by these neighborhoods:   Artesian Springs Aspen Park Homes Canyon Cove Homes for Sale Country Manor Home Listings Countryside Village Cliffside Homes for Sale Castlehill Homes for Sale Equestrian Estates Green Meadows Utah Homes Henry's Point Homes for Sale Hidden Village Homes Hillcrest Heights Logan Historic District Logan River Trails Majestic Mountain Mount Logan Northwood, Willowbrook, Jacobsen Oakbrook Meadows Orchard Heights Parkside Sunstone Circle Shadow Mountain The Island Willow West  

  ~1 year on
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  Cache Valley Real Estate Activity Increasing The Cache Valley Utah Real Estate market definitely seems to be gaining momentum. We are really seeing a lot of increased activity with the sale of Starter Homes. Right now it just seems like first time buyers are optimistic about buying. This creates a chain effect, because when starter homes sell, the existing sellers are then able to purchase the expensive homes. This cycle will reduce the surplus of real estate inventory in Cache County. The other day, Ethan Poppleton had a list of a dozen homes to show some buyers. On Tuesday, four of these properties were no longer on the market, they were under contract. One more property went under contract today, and these buyers plan to write an offer on another house this afternoon. Here are some of the reasons we see Cache Valley Utah Real Estate activity increasing: Logs of Selection There are more Homes in Cache County right now than there has ever been during the month of March. Buyers are in a position of power and finding what they are looking for. Low Interest RatesMortgage interest rates are the lowest they've ever been. Interest rates for 30 year fixed mortgages can be obtained for less than 5%. It is less expensive to own than to rent an equivalent sized home. Government IncentivesLogan Real Estate offers excellent grant programs and tax credits for first time buyers. If a first time buyers buy a new home in Logan they can also qualify for the $8,000 federal tax credit. This spring rush of Cache Valley Utah Real Estate activity is good news for our housing market.

  ~1 year on
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  $8,000 for First time Home Buyers in Logan Great News if your a first time buyer and are thinking of buying a new home in Logan.  As part of President Obamas homeowner plan, firsttime home buyers will be eligible for a $8,000 tax credit if they purchase a home for more than $80,000 before December of 2009. First time buyers who have not owned a home in the last three year and will occupy this purchase as their primary residence for three years will qualify for this $8,000 tax credit. There are income restrictions, but it likely won't effect most Utah first time buyers. Buyers gross incomes must be less than $75,000 if single and $150,000 for married couples. If this bill passes, and it looks like it will, this will help stimulate the Logan Utah Real Estate market and should help prices to remain solid and possibly even increase. So first time buyers, contact your Cornerstone Real Estate Agent to get started shopping Logan Homes for Sale.

  ~1 year on
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  Will Cache Valley Real Estate Appreciate in 2009?  According to an article by housingpredictor.com. There are only few markets nationally that are predicted to have real estate appreciation in 2009. One of those markets is Cache County Utah. The basis for this data has to do with housing trends, economic data, growth, and about twenty other factors.  While I would love to see home prices rise in the Cache County Real Estate market, and hope this is the case. In reality I think that we'll be lucky to break even. Unless something dramatic happens, and more homes start selling reducing inventory, we're not likely to see appreciating values. In January, we already have more than 700 active home listings. This is about 200 too high for this time of year for Cache County.   Hopefully these guys know something more than I do, if so, you have nothing to be afraid of when considering buying real estate in this part of Northern Utah, because your home may actually go up in value.

  ~1 year on
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  Short Sales on the Rise  A growing segment of the Logan Real Estate Market is Short Sales. Short Sales happen when home owners owe more than they can net from the sell of their home. With increased competition, and less buyers sellers must lower the price of their homes if they want them to sell. When the seller has no means to pay the loss, they can often get a short sale approved. Most short sales are allowed because properties are in default and need a short sale to prevent a foreclosure. In cases like this, it is better for the bank to settle for a loss than pay the costs associated with foreclosing.  Getting short sales approved can be a time consuming process. Banks are overwhelmed with foreclosures right now and it sometimes takes months for them just to get to the file. Depending on the banks guidelines, and the amount owed by the different liens on a property, patient buyers can often get excellent deals on short sales. Click here to view Logan Utah Short Sales

  ~1 year on
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