Here is a quick update on the "Home Run" Bill (details in article below):
The bill, which will provide up to $6,000 in down payment assistance to buyers of New Construction homes, has now passed the Senate and the House! It is expected that Governor Huntsman will sign the bill at the beginning of the week. Buyers will be able to apply for the $6,000 through their lender and the money will be distributed through Utah Housing.
For more information email kristi@mcarthurhomes.com or contact our preferred lender, Scott Smith. There is only enough money available for approximately 1,660 home buyers and it will be distributed on a first come first serve basis, so don't delay!
Saturday, March 14, 2009
Thursday, March 12, 2009
Potential $6,000 Down Payment Assistance for New Construction
Now really is the best time to buy a brand new home! Not only is the government offering an $8,000 tax credit, but now Utahns may be able to receive up to $6,000 in down payment assistance thanks to a new bill that has been passed by the Senate. The following article is from KSL.com:
Senate OKs bill to help buyers of new homes.
March 10th, 2009 @ 8:00am
By Mary Richards
SALT LAKE CITY -- The Utah Senate has approved a measure that would give Utahns financial help with the down payment when buying a brand new home.
Senate Bill 260, sponsored by Sen. Scott Jenkins, R-Plain City, would give people $6,000 for the down payment on a new home. The Standard Examiner reports the money would come from the $10 million Utah is set to receive for housing assistance from the federal stimulus package. The money would go to more than 1,600 buyers on a first-come, first-serve basis.
It's an effort to help homebuyers and home builders by reducing the number of new homes sitting on the market since a housing boom declined about two years ago.
The grants would apply only to a 30-year, fixed-rate mortgage for people who make no more than $75,000 a year. It's for first-time homebuyers and existing homeowners who qualify.
Realtors and economists say this program could really help the housing market. The University of Utah's Bureau of Economic and Business Research told the Standard Examiner the program could create 8,000 jobs in Utah's housing sector and add $27 million in income tax revenue for the state.
The bill now moves on to the House for consideration.
For more information on financing, contact Scott Smith, McArthur Homes' preferred lender.
Senate OKs bill to help buyers of new homes.
March 10th, 2009 @ 8:00am
By Mary Richards
SALT LAKE CITY -- The Utah Senate has approved a measure that would give Utahns financial help with the down payment when buying a brand new home.
Senate Bill 260, sponsored by Sen. Scott Jenkins, R-Plain City, would give people $6,000 for the down payment on a new home. The Standard Examiner reports the money would come from the $10 million Utah is set to receive for housing assistance from the federal stimulus package. The money would go to more than 1,600 buyers on a first-come, first-serve basis.
It's an effort to help homebuyers and home builders by reducing the number of new homes sitting on the market since a housing boom declined about two years ago.
The grants would apply only to a 30-year, fixed-rate mortgage for people who make no more than $75,000 a year. It's for first-time homebuyers and existing homeowners who qualify.
Realtors and economists say this program could really help the housing market. The University of Utah's Bureau of Economic and Business Research told the Standard Examiner the program could create 8,000 jobs in Utah's housing sector and add $27 million in income tax revenue for the state.
The bill now moves on to the House for consideration.
For more information on financing, contact Scott Smith, McArthur Homes' preferred lender.
Monday, March 2, 2009
What Buyers are Looking for in a Home...
Whether you are looking to sell your home, buy a home, or build a new home, it's important to know what other buyers are looking for. What will be a good investment? What will give me the biggest return on my money?
Here are a few answers from REALTOR magazine.
FIVE KITCHEN AND BATH FEATURES BUYERS WANT MOST
36% Separate shower enclosure in master bath
31% Eat-in kitchen
24% High-end appliances
23% Granite countertops
21% Kitchen island
FIVE RETROFITS BUYERS LOVE
Tile a backsplash- use a bright color or a bronzelike metallic
Add undercounter lighting- improve safety and ambiance
Paint the upper kitchen cabinets- choose a different color for a custom look
Add doors with glass panels to some cabinets-or create open shelves to display a few lovely dishes
Change the hardware- for a fresh look, install new knobs and pulls, or reface the cabinet doors
Click here for more information on which products will be the best investment for your home.
Here are a few answers from REALTOR magazine.
FIVE KITCHEN AND BATH FEATURES BUYERS WANT MOST
36% Separate shower enclosure in master bath
31% Eat-in kitchen
24% High-end appliances
23% Granite countertops
21% Kitchen island
FIVE RETROFITS BUYERS LOVE
Tile a backsplash- use a bright color or a bronzelike metallic
Add undercounter lighting- improve safety and ambiance
Paint the upper kitchen cabinets- choose a different color for a custom look
Add doors with glass panels to some cabinets-or create open shelves to display a few lovely dishes
Change the hardware- for a fresh look, install new knobs and pulls, or reface the cabinet doors
Click here for more information on which products will be the best investment for your home.
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