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keller williams: What's the Market like in your area...SLC,UT? - 01/08/08 11:23 AM
Salt Lake like most part of the country is experience it's fair share of the slowing real estate market. The winter months add to the slower market movements, but there is no question that the real estate industry is taking a hit right now. Here are a few numbers as of January 8, 2008. The SFR's (Single Family Residence) sold in the past 30 days in Salt Lake County equal 468! The county currently has 6,810 units on the market to be sold (Figures come from the Multiple Listing Service for Salt Lake County). That equates to a monthly inventory of … (1 comments)
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keller williams: Weekly Real Estate Write-Offs...What does it all mean? - 12/21/07 08:57 PM
How many times have you heard the term "CDO's" or Collateralized Debt Obligations? I think I've heard that term 6 times this week alone. Amazing! These are creative debt instruments that banks have come up with to make the whole lending arena easier and more fluid. The down side is that these little guys are now wreaking havoc through our entire industry. I finally saw a headline article in the Wall Street Journal today (12/21/07) titled: "Fraud Seen as a Driver In Wave of Foreclosures" You're kidding right? How on Earth did they come up with that one? How many of … (1 comments)
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keller williams: Utah Market Watch...Forecast for Winter 2007-2008 - 12/08/07 12:34 PM
With approx. 23,000 homes to sell in Utah currently, Buyers are holding all most every card possible (Data from the MLS and estimated FSBO activity). This is a great time to buy.
I was helping with a buyer currently that has decent income, but credit was the issue for him. It is important to remember that even in good times like these for the buyers, they need to have their house in order (figuratively speaking). There are great deals available and banks will be increasingly helpful during the entire winter.
As most of you are aware this is the slow time in our industry and to make it worse banks … (1 comments)
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keller williams: The Good Guys...A New Construction True Story - 11/30/07 12:47 PM
I wanted to send this one out with a shout of Praise! I have to say that I have seen my share of dishonest people in new construction. At times it can be like the mechanic you can not trust! What do you do? Well I have to share a tale of a great Contractor here in Utah called: Columbus Homes. My wife and I purchased a wonderful home from this builder. Steve Petersen is the owner and was the sales agent when my wife and I purchased the home. Columbus homes was just 2 years old at the time. It … (6 comments)
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keller williams: How to price to sell and still make a profit - 11/27/07 04:18 PM
The asking price you set for your home significantly affects whether you will profit in the sale, how much you will profit and how long your home will sit on the market. Your real estate agent's knowledge of the overall market and what's selling - or not selling - will be invaluable in helping you determine the price. The objective is to find a price that the market will bear but won't leave money on the table. Here are some points to consider: Time. Time is not on your side when it comes to real estate. Although many factors influence the … (0 comments)
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keller williams: Hot Marktet in Saratoga Springs, Utah??? - 11/16/07 11:35 AM
This table shows the current real estate activity for Saratoga Springs Utah. There are some great opportunities for homes that are priced right! The numbers in the lower price ranges are seeing the most activity right now. Homes priced at or below $350,000 will see some good activity if priced correctly. This means that a home with 2,500 sqft, 3 beds, 2.5 baths priced at $335,000 is probably over priced right now. That home should be priced around $245,000 right now! I know, I know a lot of you are saying that's ridiculous! I say take a look at the market … (0 comments)
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Jason Botelho
Saratoga Springs,
UT
More about me…
Keller Williams Utah Realtors
Office Phone: (801) 766-4991
Cell Phone: (801) 698-6182
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