Friday, July 5, 2013

I am one happy Searcy Arkansas home expert, faster the better!

AT&T 4G LTE Available In Searcy - PR Newswire (press release)


http://hyp.la/BCDBEJT


AT&T 4G LTE Available In Searcy SEARCY, Ark., July 2, 2013 /PRNewswire/ -- AT&T* has turned on the nation's fastest 4G LTE network** in Searcy, bringing customers the latest generation of wireless network technology. AT&T's 4G LTE coverage in the Searcy area extends to parts of Beebe ...


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Larry DeGroat, Searcy Arkansas homes expert, is glad to see jobless rate decrease!

Jobless rate continues to drop - Searcy Daily Citizen


http://hyp.la/BCDBEIX


Jobless rate continues to drop Kimberly Friedman, communications director for the Arkansas Department of Workforce Services, said the 6.9 percent state unemployment rate, as well as the national figure, are not seasonally adjusted. Searcy banker Donnie Miller said though it may seem ...


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Thursday, May 16, 2013

Looking for something to do the rest of this week, check it out here!

This week's events - Arkansas Online - Arkansas Online (subscription)


http://hyp.la/BBHFDDJ


This week's events - Arkansas Online SEARCY - Arkansas State University-Searcy will host an AARP Driver Safety course from 8:30 a.m. to 12:30 p.m. in Room 127 of the Technology East building at ASU-Searcy. Instructors for the class are Jerry and Bertie Yates. The cost of the course is ...


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Unique homes, how would you like this for your Searcy Arkansas home?


 


Houses come in all shapes and sizes.


Searcy Arkansas Homes

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Searcy Arkansas home owners, get your AC ready for the summer with these great tips!

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How to get your AC ready for summer - MSN Money


http://hyp.la/BBHFDCD


How to get your AC ready for summer It's probably the easiest AC maintenance you can do, and many people aren't doing it often enough. The filters ... If the pipe becomes clogged it could back up into the air conditioner (or into your house) and you'll have a messy problem and a big ... and more »


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When to fertilize your lawn in Searcy Arkansas!

Fertilizing Your Lawn - FSA-2114 - University of Arkansas ...



http://hyp.la/FHIECHK


Agriculture and Natural Resources. FSA2114. Fertilizing Your Lawn. Aaron Patton. Assistant Professor -. Turfgrass Specialist. Arkansas Is. Our Campus. Visit our ...


I hope this helps you to determine when and how much fertilizer your lawn needs!


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Wednesday, March 13, 2013

WOW! Searcy Arkansas homes expert Larry DeGroat looks at putting affordability into perspective!

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This is something to think about. YES! home prices have been rising over the past 20 years, but let"s take a look at the affordablity of homes today. In 1993 the average sales price of homes in Searcy, Arkansas was around $65,000 and with an interest rate of 10% for a 30 year mortgage, the principal and interest payment was $570.42. Now lets look at todays numbers. The average sale price of a home today is $155,429 that"s nearl;y $90,000 more than it was 20 years ago. BUT, you take the low interest rates of 3% which will make your principal and interest payment $655.29. That is only $84.87 difference than what your payment would have been 20 years ago.


If you are considering buying a home today, do it now and take advantage of these great rates! Call Larry DeGroat today at 501-268-8489 and start packing.


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Larry DeGroat asks are you Getting Ready to Purchase a Home in Searcy Arkansas?

 



Financial Preparation For Home Purchases in Searcy AR

 

Before they approve you for a home mortgage, lenders want to be sure that you will be able to repay it.They will take a detailed look at your financial situation to determine this.There are several things you can do to improve your chances of getting approved for a home mortgage.Not only will these actions help your approval they will also prepare you for managing your home mortgage payments once you obtain the home mortgage.



The first thing you should do is check your credit.Make sure that there is no inaccurate information on your credit report.This includes accounts that do not belong to you and accounts that are reported inaccurately.Your credit report will come with instructions for disputing inaccurate information.You can obtain a credit report by contacting any of the three credit bureaus or by visiting www.annualcreditreport.com.



Once you have taken the steps to clean up your credit report, next you should analyze your finances.Take a good look at your income and spending each month.Look for areas where you can decrease your spending.This might be as simple as making a minor lifestyle change.Come up with a budget for your household to add discipline to your spending habits.



Pay down your debts.The lower your total debt load, the higher the amount of home mortgage you can afford.Pay off minor debts like credit cards with low balances or collection accounts.Not only will this improve your credit score, it will also make it easier for you to afford the home mortgage once you begin to make payments.The lower debt load frees up additional funds in your budget allowing you a little extra room for furnishing your new home.



With the adjustments you've made to your household budget it should be easier to save for a down payment.After paying off your credit card debt, you can put the money that would have been going toward your monthly credit card bill toward your down payment savings account.A higher down payment allows you to borrow a higher home mortgage and afford a larger home in Searcy AR.You might have to make some sacrifices now to save for the down payment, but it will pay off when you are finally in the Searcy AR home of your dreams.

In the six months to one year before you apply for a home mortgage, you should not incur any new debt.This includes using your credit cards and purchasing big ticket items like vehicles or boats.Making large financial purchases raises a red flag in the lender's eyes.Even if you can make the purchase and still afford a home mortgage, it is best to wait until after you have been approved for the home mortgage to make such a purchase.You should not take any action that might cause the lender to deny your home mortgage application.



Preparing yourself financially is one of the best steps you can take in the months before you make a home purchase.The financial readiness will payoff long after you've moved into your new Searcy AR home.

There is a lot of free information available to you about buying, selling or investing in Searcy AR real estate. For complete information about the Searcy AR real estate market including current homes for sale, property values and more please visit the most complete website online dedicated to everything go to www.Searcy4Sale.com.   Also please feel free to contact me via cell phone at 501-278-7659 or email me at larry@searcy4sale.com.

 


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Tuesday, January 29, 2013

Searcy Arkansas homes expert Larry DeGroat introduces a new listing at 6 Mohawk Searcy Arkansas 72143

6 Mohawk, Searcy, Arkansas 72143


Nicely remodeled home with a great open floor plan in the much desired Cloverdale subdivison. Recent updates and improvements in the recent years include new kitchen cabinets, appliances, flooring, lighting fixtures, carpet in bedrooms, new cabinets in bath and more. Has to be one of the nicest homes in the area. There is also a sunroom that opens up to the spacious back yard with storage building. Coffee room off of kitchen can also be used as an office. Extra insulation in attic recently added.


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6 Mohawk, Searcy, Arkansas 72143


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Getting Ready To Purchase A Home In Searcy Arkansas




Financial Preparation For Home Purchases in Searcy AR

 

Before they approve you for a home mortgage, lenders want to be sure that you will be able to repay it.They will take a detailed look at your financial situation to determine this.There are several things you can do to improve your chances of getting approved for a home mortgage.Not only will these actions help your approval they will also prepare you for managing your home mortgage payments once you obtain the home mortgage.



The first thing you should do is check your credit.Make sure that there is no inaccurate information on your credit report.This includes accounts that do not belong to you and accounts that are reported inaccurately.Your credit report will come with instructions for disputing inaccurate information.You can obtain a credit report by contacting any of the three credit bureaus or by visiting www.annualcreditreport.com.



Once you have taken the steps to clean up your credit report, next you should analyze your finances.Take a good look at your income and spending each month.Look for areas where you can decrease your spending.This might be as simple as making a minor lifestyle change.Come up with a budget for your household to add discipline to your spending habits.



Pay down your debts.The lower your total debt load, the higher the amount of home mortgage you can afford.Pay off minor debts like credit cards with low balances or collection accounts.Not only will this improve your credit score, it will also make it easier for you to afford the home mortgage once you begin to make payments.The lower debt load frees up additional funds in your budget allowing you a little extra room for furnishing your new home.



With the adjustments you've made to your household budget it should be easier to save for a down payment.After paying off your credit card debt, you can put the money that would have been going toward your monthly credit card bill toward your down payment savings account.A higher down payment allows you to borrow a higher home mortgage and afford a larger home in Searcy AR.You might have to make some sacrifices now to save for the down payment, but it will pay off when you are finally in the Searcy AR home of your dreams.

In the six months to one year before you apply for a home mortgage, you should not incur any new debt.This includes using your credit cards and purchasing big ticket items like vehicles or boats.Making large financial purchases raises a red flag in the lender's eyes.Even if you can make the purchase and still afford a home mortgage, it is best to wait until after you have been approved for the home mortgage to make such a purchase.You should not take any action that might cause the lender to deny your home mortgage application.



Preparing yourself financially is one of the best steps you can take in the months before you make a home purchase.The financial readiness will payoff long after you've moved into your new Searcy AR home.

There is a lot of free information available to you about buying, selling or investing in Searcy AR real estate. For complete information about the Searcy AR real estate market including current homes for sale, property values and more please visit the most complete website online dedicated to everything http://www.realestatesearcy.com" mce_href="http://hyp.la/HJGCFHZ">Searcy AR real estate. Also please feel free to contact me via cell phone at 501-278-7659 or email me at larry@searcy4sale.com.


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Monday, January 28, 2013

Searcy Arkansas homes expert Larry DeGroat reviews propsed changes in real estate law.

Commission recommends changes in landlord-tenant law - Arkansas Times (blog)


http://hyp.la/HJEHGHP


Today's THV Commission recommends changes in landlord-tenant law Anybody who's rented a dwelling Arkansas has reason to know the law is badly slanted in favor of landlords. Arkansas is the only state that makes failure to pay rent a criminal violation. Arkansas law doesn't require a landlord to provide a safe dwelling. Commission says landlord-tenant laws 'out of balance'Today's THV all 2 news articles »


 


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Searcy Arkansas homes expert, Larry DeGroat, look at qualifying your agent.

Ten Questions You Must Ask a Realtor in Searcy AR Before You List or... You Could Lose Big!


 


Most of us sell only a small number of homes in our lifetimes. With limited experience in real estate, how are we to be capable of maximizing the profits from our home sale in Searcy AR?

Many home sellers in Searcy AR make the critical mistake of thinking all Realtors are the same. They list with the first agent who comes along. Does it make good business sense to put the responsibility of selling your Searcy AR home with someone who has no plan or qualifications?

This special report will educate you with valuable information that will help you make the best decision concerning: Which real estate agent in Searcy AR should you list with?

Start by doing a few hours of research. Ask around. Get to know who has the most signs, ads and marketing material in your neighborhood. Who"s the most active agent?

Compile a list of agent names in Searcy AR and use these questions to help you determine which agent is right for you.

Could you send me some information about yourself? You can often get a good idea of which agents are the most professional by looking at their promotional materials. If their own materials aren"t professional, how well are they going to market your home in Searcy AR?

Track how long each agent takes to respond to your request and how quickly they follow up. If they don"t respond efficiently to your listing requests, imagine how they"ll handle potential home buyers looking to purchase a home in Searcy AR.

Do you sell real estate full time?-A large percentage of agents sell real estate part time. If one doesn"t devote 100% of their time to listing and selling real estate, how could they possible keep up with the changing business world that we live in. Marketing and negotiating are two skills that a top producing agent must be 100% in tune with.

How do you feel about selling your own listings?-You may be shocked to know that many agents don"t want to sell their own listings. They want to list it and then let another agent sell it to reduce their liability.

How long have you been in business?-The length of time a real estate agent has been licensed is not a sure fire sign that they"ve been an active seller. They may have been in business for 10 years but only part time, whereas an agent who"s been in business for 2 years may be a real top producer.

Do you have an assistant or support staff? - By employing someone to handle the details of their business, the agent can spend more time servicing your needs. However, make sure you know how much time an agent will spend and how much time their assistant will spend on the sale of your Searcy AR home.

It may be fine if the assistant does most of the legwork as long as the agent is there at the most critical times of the transaction period. Often, top producers disappear after they list your home.

This is unsettling to many sellers. Most sellers want the agent that they hired to list their house on the Searcy AR real estate market to be accessible to answer questions as they arise.

How often will you hold open houses?- According to the NAR (National Association of Realtors) only 1% of houses actually sell due to the open house. So why do so many Realtors do them then?

The answer is simple: so they can get more buyers. When a buyer walks into a Searcy AR home on Sunday (most people only have Sunday off), there is a 99% chance that they won't buy it. However, the chance of that Realtor selling them another house is very good. So who does an open house really benefit?

What listing price do you recommend and what is that price based on? - Pricing is the most critical step to selling your home in Searcy AR. Take great care in choosing an agent with the knowledge to price your home effectively.

Keep in mind that the selling price should attract prospective buyers to your home in Searcy AR, get you top dollar in the current Searcy AR real estate market and reflect the condition of your home. Be realistic and avoid "yes agents" who will say "yes" to any request or price while your home languishes on the market.

Lowball agents will try to talk you into an artificial price simply to sell as fast as possible. Be sure the agent is skilled in pricing a home and has facts to back up the price he or she recommends. Emotion or how much an agent likes the house should not be a factor.

What does the listing agreement entail, what are the beginning and expiration dates, and what are the fee amounts I will be paying?- Have your agent go over every detail in the listing agreement with you until you understand it completely.

Make sure the beginning and ending dates are on the agreement; a good standard for length is three months. Know exactly what fees you will be paying and remember that less is not always better.

If the agent stands to make very little commission, you can bet it will be reflected in the amount of time and effort that is spent marketing your home in Searcy AR.

If the agent reduces their commission to get the listing, it may mean they intend to spend very little money promoting the property. The normal commission is 6 percent.

If an agent will list your home for 4 or 5 percent, be sure they offer 3 percent in the MLS or it could drastically reduce the number of showings you will get.

Agents are paid strictly by commission, therefore if there are ten houses to show and eight of them offer a 3 percent selling commission and two of them offer a 2 or 2 ½ percent selling commission, which ones will possibly not even be shown?

Is the agent willing to pay for advertising or do they depend on the company to do it all?-Often agents ride on the reputation of their company in their marketing efforts. Agents are independent contractors and are self employed.

It is up to the individual agent as to how a property is marketed. Be sure that the agent is willing to invest in many different marketing strategies that will give your home maximum exposure and show you in writing what these strategies are.

What types of things separate you from your competition and will you give me some feedback? - How effectively will they advertise? Do they have 24-hour advertising capability? Will all the leads be followed up on by your agent"s team or will they go to other agents who may have other listings they would prefer to show? Agents who are innovative and offer new methods of attracting home buyers will measurably outperform agents who rely on methods of the past.

Marketing effectively in the 2000"s and beyond requires progressive strategies that add value and service for both buyers and sellers!

There is a lot of free information available to you about buying, selling or investing in Searcy AR real estate. For complete information about the Searcy AR real estate market including current homes for sale, property values and more please visit the most complete website online dedicated to everything Searcy AR real estate. So please feel free to contact me with any of your mortgage questions and I will me more than glad to answer your questions. Call me on my cell at 501-278-7659 or email me at larry@searcy4sale.com.


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Thursday, January 24, 2013

Welcome to Beebe Arkansas, presented by Larry DeGroat, a Beebe homes specialist.


Beebe, Arkansas (AR 72012) profile: population, maps, real estate ...


http://hyp.la/HIIEHHU


Beebe, Arkansas detailed profile. ... Beebe, AR residents, houses, and apartments details. Business Search - 14 Million verified businesses. Search for: near: ...


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Larry DeGroat, Beebe homes expert, likes that Beebe Arkansas has a state university.

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Arkansas State University Beebe


http://hyp.la/HIIEGHN


Official introduction and overview of the academics and student life at this satellite campus. Directory and contact information available for new and prospective ...


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Beebe homes expert, Larry DeGroat, looks at Wal Mart coming to Beebe Arkansas.


TOP STORY >> Council in Beebe to let in Walmart - the arkansas ...


http://hyp.la/HIIEEHE


Feb 10, 2012 ... Walmart is one step closer to building a supercenter in Beebe. On Tuesday, the city council unanimously agreed to the planning and zoning ...


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Wednesday, January 23, 2013

Searcy Arkansas homes expert, Larry DeGroat has Three Quick Tips About Hiring a Contractor in Searcy AR

Three Things you should Know About Hiring a Contractor in Searcy AR, by property Expert Larry DeGroat
In this article, we'll go over three necessary things you need to know about working with contractors to guarantee the most cost-effective, most timely, and highest quality work.

 

Tip one - Be Extraordinarily Express

When you are asking for a bid or when you are talking about a job with a contractor, be extraordinarily really explicit about what you're trying to find.

 

After you have concluded on a number, you need to also be very meticulous about being explicit in what you put in writing.

Taking this care will guarantee you get precisely what you need, no more and no less.

 

Tip two - Find a Good, Trustworthy Contractor

Get an understanding of the standard of the contractor's quality of work and integrity. Don't just decide based mostly on cost.

If your contractor is experienced, they should have references you can check. Check them.

Once you find a contractor you may need to work with, double check their license with the Secretary of State internet site. Remember, you're trusting your property with this person, so it fully makes perfect sense to do careful due diligence previously.

Tip Three - Paying a Contractor

In general, it works in your favor to pay your contractor by project rather than by hours.

Rather than overpaying because your contractor billed by hour, agree to pay per project only.

Once a contractor has been paid, often times they will not finish the job or the completed work will be of lesser quality. Even if the contractor asks, don't pay release payment for the job till the work is complete.

There is plenty of free information available to you about purchasing, selling or investing in Searcy AR property.

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Tuesday, January 22, 2013

Larry DeGroat, Searcy Arkansas homes expert, listed this very nice home in the Club West subdivision in Searcy.

 


118 Claire Cove


Searcy, Arkansas 72143




Great home! Great area! New H&A! Lots of storage! bonus room above garage (used for a 4th bedroom) large utility room with storage room and closet, great kitchen with a living area and a roomy breakfast area (open and spacious area) lots of kitchen cabinets, formal dining room with tray ceiling, living room with gas log fireplace and vaulted ceiling, jack & jill bath for extra bedrooms, master bedroom has tray ceiling and large walk-in closet. Extra detached garage.




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Larry DeGroat, Realty Professionals, Inc., Searcy Arkansas 72143


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Before And After You Inspect Your Home: Things That You Should Consider When Inspect Your Searcy Arkansas homes.

 



Before And After You Inspect Your Home: Things That You Should Consider When Inspect Your Searcy AR Home.
 

Any person buying a home has the right to have the property inspected. If you find out about problems with the home during the inspection, you can usually cancel the sale and get your money back as long as the proper steps were followed. However, many buyers in markets that are in demand such as Searcy AR are skipping the inspection in the hopes of getting their offer to look better in seller's eyes. While doing this may help increase the chances of getting your hands on the property, you may end up with a lot of problems in the end.

 

An inspection happens after you have signed the contract and have hired the services of a certified real estate inspector in order to check the condition of the property. These length of these inspections will vary depending on the size of the home and usually take a few hours to complete. The costs can run up to several hundreds of dollars. Many buyers wonder if they are really necessary? Only you can decide if forgoing the inspection is really worth the risk that you will be taking.

 

If a seller has received many offers on a home and you are the only buyer that doesn't want to have an inspection done, this will definitely look a lot more appealing to the seller. While you can still perform an inspection after you the seller has accepted your offer, it will not be possible for you to back out of the sale if anything negative turns out. The inspection will only serve to inform you on the condition of your home.

 

If problems are discovered during the inspection, it is up to you as a buyer to decide whether they are severe enough for you to cancel the deal. It is not an obligation for you to ask the seller to perform all repairs. You can decide which repairs you want to take on on your own.

 

Having an inspection made is not a mandatory part of buying a home. However, remember that severe problems with a property can end up costing you thousands of dollars. Buying a home as-is without knowing its true condition is not advisable as it involves a very high amount of risk.

 

For more advice on how to get a complete home inspection in Searcy AR, contact real estate professional Larry DeGroat with Realty Professionals, Inc at 501-278-7659.

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What to uses in your Searcy Arkansas homes, pex or copper?

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Pex vs. Copper - Bob Vila Radio - Bob Vila's Blogs


http://hyp.la/HHICCHI


3 days ago ... For anything from small plumbing repairs to running lines for a whole house, there are lots of reasons pex tubing beats traditional copper or pvc ...


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Friday, January 18, 2013

The news reported Jumbo Loans made up the majority of the real estate comeback, see if your Searcy Arkansas home fits in that category.

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New Jumbo Loan Limits By State | Bankrate.com


http://hyp.la/HGGBIHO


Jul 9, 2012 ... What are the jumbo loan limits in your state? Check out this map for FHA loan limits and Fannie-Freddie conforming limits.


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Larry DeGroat, a Searcy Arkansas homes expert, takes a look into the requirements of a FHA loan.

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FHA Loan Requirements


http://hyp.la/DFGJFHB


Useful information about FHA refinance loans, new FHA loans, and the guidelines that HUD wants you to follow. About the FHA. Today the mission of the FHA ...


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Searcy Arkansas homes expert, Larry DeGroat, looks at how to manage your risks.

Tips on Managing Risk in Searcy AR

Investors have a hard life. Rising insurance rates, legal liability, security concerns and increasing interest rates may not be actually conspiring to give them early heart attacks, but it can seem that way. Managing risk in Searcy AR is in a large part, all about how to lower uncertainty by dealing appropriately with those and other stress factors.

Start by exercising common sense and gathering as much information about the Searcy AR real esate market and the general economy in addition to the specifics on an interesting property. Study the numbers on rates of new home construction and the ratio of new to existing property sales. Narrow it down to your different Searcy AR market(s) by looking online at existing comparables, but also talk with other local property owners about their concerns and plans.

When building new structures, manage risk by reviewing trade area demand - by demographic and daytime population for commercial structures, for example. Look also at site characteristics and examine local competition and contrast with regional differences. Take some time to find out about upcoming environmental regulations.

Be sure to set aside the needed amount for insurance, and err on the side of too much insurance rather than too little, if minimizing risk is an important goal.

Go into a deal with the maximum available capital by not spreading your resources too thin. Keep borrowing low and avoid ARMs (Adjustable Rate Mortgages) unless they're longer than three years and you expect to sell well within that period. ARMs are inherently higher risk, and the 'interest only' type even more so. Rates tend to rise more quickly than they fall, over the long term.

If you have an ARM and rising monthly payments occur, due to interest rate increases, while the market price is dropping (as may soon be the case), consider selling. Even stocks have to be sold sometimes during a period of declining prices. Capital preservation is important for long term investing, and part of that involves keeping liquid during a 'market correction'.

Some lenders allow borrowing more than 100% of the value of the property. Unless you can use the extra cash in a way that more than compensates for interest and other charges, that's burdensome debt.

Take the time to seek out trustworthy and competent people - don't settle for an uncooperative or arrogant Title company or an unreliable contractor because you're busy. Think in terms of long term relationships. Otherwise, the long term will involve counting financial losses.

Risk can be spread by forming partnerships and, in come cases, by incorporation. Incorporation can allow you to separate personal from business assets, protecting you in case of severe decline. But there are limits - you don't automatically get to walk away from debts by being incorporated. Partnerships though, if you can find reliable and compatible individuals with whom you'll feel comfortable over the long haul, can strengthen your position.

Partners can help fill in gaps in your knowledge and experience, provide additional capital and someone to bounce ideas off of. But choose carefully. Differences of outlook can lead to stagnation when it comes time to take action. Remember, risk can never be reduced to zero.

There is a lot of free information available to you about buying, selling or investing in Searcy AR real estate. For complete information about the Searcy AR real estate market including current homes for sale, property values and more please visit the most complete website online dedicated to everything Searcy AR real estate. So please feel free to contact me with any of your mortgage questions and I will me more than glad to answer you queries. Call me on my cell at 501-278-7659 or email me at larry@searcy4sale.com.


Find all of the Searcy Foreclosures here!


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Wednesday, January 16, 2013

Searcy Arkansas homes expert, Larry DeGroat, introduces a new listing at 1401 Doris, Searcy, Arkansas 72143.

Check out this new listing at 1401 Doris, Searcy, Arkansas 72143. It has 3 bedrooms, living room, kitchen/dining combo, utility room, 1,540 square feet, storm cellar and a fenced back yard. This home is affordably priced at $79,000!  http://hyp.la/HEHGIHA


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Thursday, January 3, 2013

Larry DeGroat discusses taxes on vehicle purchases in Searcy Arkansas.

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Vehicle Sales tax in Arkansas is calculated differently in each County or City.  There is a base rate of 6% plus whatever your city or county adds onto it.  When purchasing a new vehicle and you get these large rebates and incentives, you have to also pay taxes on them,  Say you are purchasing a $44,000 vehicle and the dealership is offering a $5, 000 rebate and the manufacturer is offering a $5,000 rebate saving you $10,000 off the sales price.  When you get ready to license that vehicle, you pay your tax rate on that $10,000.


Arkansas also has a "No Sales Tax" on a used vehicle if the purchase price was $4,000 or less, thats right, NO sales tax.  But if you buy a $5,000 vehicle, you pay sales tax on the whole amount, you don't get a credit of the $4,000.


Arkansas also allows you to have credit on on sales within a 45 day window of the sale of a vehicle.  If I sell a vehicle for $20,000 and I purchase another for $28,000, I get credit for the $20,000 amount as long as it was within 45 days.  If you buy one then sell, you can request a sales tax credit, again, has to be done within the 45 days.  Now on this topic, I personally just went through something that I don't think is fair but had to live with it.  I sold a higher priced vehicle and purchased two other to replace it (not that ot matters but it was a new economical car and a used truck for the farm) that was lower than the price of the one I sold.  Come to find out, if I had purchased two vehicles from a dealer and sold that dealer my higher price vehicle, I would have been able to use the tax credit on both of the vehicles reulting in NO taxes.  Since I used a "private" seller to buy one, I cold only use the credit towrds just one of the vehicles I purchased, which was the higher price one.  This little fiasco cost me nearly $400 extra dollars.


I hope this was educational. 


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