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, first-time 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.
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