salt lake city: Glut of Overpriced Homes Hurts Everyone - 06/29/09 01:39 AM
People who don't really need to sell their home should not put them on the market at ridiculously high prices.
Prices don't go up 20% just because Sellers LIST their homes at 120% or more of market value. In order for prices to stabilize and/or improve, inventory levels need to … (0 comments)
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salt lake city: RE BarCamp - You will leave wanting more! - 05/08/09 06:24 PM
RE BarCamp is a fabulous FREE day of sharing and learning.
What makes a BarCamp the best event you'll attend this year? YOU set the agenda. YOU come to learn and to share only the things YOU are interested in!
The main focus of the Salt Lake BarCamp on June … (5 comments)
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salt lake city: An Exclusive Buyer's Agent is the Only Way to Go - 05/01/09 06:09 PM
I recently transferred to Salt Lake City from California. Having owned a few homes, and also having dealt with various agents in the past, I did not relish the stress and hassles involved in the home buying process. I investigated my options, and wanted an agent that would be a good … (3 comments)
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salt lake city: Think the Seller Pays the Real Estate Fees? Think Again! - 02/25/09 06:27 PM
Most Buyers are told that the Seller pays all the real estate fees. This is not exactly true.
That the Seller pays the fees is semantics. Your cash (or loan) to buy the home is what gives the Seller the proceeds with which to pay their agent and other settlement fees. … (3 comments)
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salt lake city: Key Details of the $8,000 Federal Tax Credit for Salt Lake City, Utah Area Homebuyers - 02/19/09 01:18 PM
Key Details of the $8,000 Federal Tax Credit for Utah Homebuyers
Buy a home between January 1, 2009 and December 1, 2009.
Get $8,000 Federal Tax Credit when you file your 2009 Tax Return (or sooner, see below).
This does not have to be repaid. (UNLESS: You sell the home within … (9 comments)
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salt lake city: First Time Home Buyers Recommend Hiring a Broker on Your Side - 01/31/09 12:29 AM
My wife and I were looking to buy our first home. We knew the area we were interested in and that was about it.
My wife read about real estate brokers and how they are able to represent the buyer which led us to Ben. Right from the start he was … (4 comments)
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salt lake city: Early 2009 May Be the Best Time to Buy a Luxury Home in Salt Lake - 12/06/08 10:36 PM
We all know that the Salt Lake area real estate market (and the economy at large) is doing better than most areas of the country. Still, some things have slowed considerably.
Some things that have slowed the most:
New Construction Permits
The Time it Takes to Sell a Home (Days on … (3 comments)
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salt lake city: Best Cities to Weather a Recession? Salt Lake City Among the Top 10 - 11/26/08 06:14 PM
According to a recent BizJournals story on MSN.com, Salt Lake City "would appear to be well situated to confront the recessionary challenges ahead."
The report looks at areas of the country that have undergone rapid growth in the past 10-20 years and are continuing to expand. It asserted population growth as a positive factor … (5 comments)
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salt lake city: Salt Lake City Utah Population Explosion Predicted - 11/21/08 12:41 AM
The Salt Lake City Board of Realtors published a press release on November 13, 2008 suggesting that the population of the Wasatch Front (Salt Lake Included) is expected to double by the year 2040.
The prognosis was made by Arthur C. Nelson, presidential professor of city and metropolitan planning at the … (5 comments)
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salt lake city: Homebuyer Representation, Inc. - The Homebuyer's "Best Choice in Utah" - 11/15/08 11:56 PM
Homebuyer Representation, Inc. was recently named the "Best Choice in Utah" by NAEBA's Consumer Inquiry Program.
NAEBA is the National Association of Exclusive Buyer Agents and the Consumer Inquiry Division fields calls from Homebuyers nationwide. After research, most buyers choose to work with an Exclusive Buyer's Agent who will pledge undivided loyalty to … (0 comments)
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salt lake city: Exclusive Buyer's Agent Makes Homebuying Experience "Stress Free" for Avenues Homebuyer - 11/11/08 06:09 PM
My partner and I had been considering moving to Salt Lake City from the Los Angeles area. We were not sure how to approach looking for a home in an area where there were many locations of interest. We did some research and found Benjamin Clark. We liked what we read … (5 comments)
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salt lake city: Home Warranty Companies Affected by Slowdown: Adjusting Prices/Coverage - 10/17/08 12:01 AM
It seems that the slowdown in the real estate market has Home Warranty companies that service the Salt Lake City real estate market adjusting their premiums and coverages to keep profits up.
Over the past 45 days prices have gone up by about 18% and deductibles (service fees) are up about … (2 comments)
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salt lake city: Salt Lake City, Utah Area Homebuyers Benefit when Having Agent on Their Side - 09/18/08 12:28 AM
We had a wonderful experience with our agent, Benjamin Clark.
We had been looking at houses on our own for about six months, and were getting frustrated trying to find decent houses to look at, physically locating the houses without getting lost, and scheduling appointments to see the houses with various listing agents. It felt … (0 comments)
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salt lake city: CNN Money Article - Exclusive Buyer's Agents representing their clients - the Buyers! - 09/17/08 11:47 PM
I suppose I should have blogged about this a few weeks ago, but I was interviewed by Les Christie from CNN Money last month and was written up in another CNN Money article, this one titled "Homebuyers turn the screws on desperate sellers."
Although the article doesn't mention this, I believe … (2 comments)
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salt lake city: Salt Lake Real Estate Market Update - 08/29/08 11:31 PM
Well, it's that time of year when OFHEO (The Office of Federal Housing Enterprise Oversight) posts all the real estate data that leads to posts such as this.
It looks like Salt Lake comes in at 1.9% home value appreciation from June 2007 - June 2008. This is pretty much exactly … (0 comments)
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salt lake city: Will Machines Replace Real Estate Agents? - 05/20/08 10:21 PM
A New World
Some websites promote their equivalence to or superiority over the flesh and blood real estate agent. While mathematical computations can be completed much faster by microchips and microprocessors, they lack the same thing Dorothy's beloved Scarecrow lacked: a brain.
Today's Lenn Harley post on Zillow caused me to … (123 comments)
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salt lake city: Forbes Rates Salt Lake City as One of Nation's Top 10 Recession Proof Cities - 05/03/08 01:52 AM
Salt Lake City actually pulls in at Number 6 on Forbes' list of the top 10 Recession Proof Cities in the nation in a report posted on April 29th, 2008.
What factors led to it's top 10 placement?
Median Home Price is up 2.5%
Unemployment is low at 3.1%
Education and … (1 comments)
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salt lake city: Salt Lake County Mayor's State of the County Address - 01/13/08 01:39 AM
Mayor Peter Corroon's State of the County Address gives a glimpse into what makes living in the Salt Lake Area so great.
It gives a brief analysis of each of the following priorities:
GovernmentEconomic DevelopmentNatural EnvironmentQuality of LifePublic SafetyEducationMy favorite part of the speech is the following:
"Salt Lake County is still the most … (1 comments)
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salt lake city: More Home Inventory Slows Rental "Appreciation" - 01/13/08 01:23 AM
As home inventory grows, typically rental rates don't rise as much. This is because people can just as easily buy than rent.
A recent article at Forbes.com suggests that even though Salt Lake's inventory of available homes for sale is growing, rental rates are still rising because job growth is the highest in the nation … (0 comments)
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salt lake city: Historical Salt Lake Market Statistics with Graph 3Q 2003 - 3Q 2007 - 01/04/08 01:12 PM
Yes, this is old news but it shows the historical data and trends for the Salt Lake County Market.
The next official reports (which we are all waiting for) will be posted on January 20th, 2008. While we wait I will also look at the monthly data for October and November … (2 comments)
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