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utah: Soapbox ❐ All That Bailout Money - 05/04/11 09:39 PM
Soapbox: "A thing that provides an opportunity for someone to air their views publicly." I read an article earlier today that made me gasp (which in the new vernacular means that it was compelling enough for me to hit the "share" button and comment). The US Government has filed a lawsuit against Deutsche Bank. That's the good news. The bad news is that it involves $1.274 BILLION that HUD - that's us - has paid, or in the process of paying, this ONE bank, for bad loan insurance claims. The heartbreaker is that this is really about bailing out a bank, … (8 comments)
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utah: Syracuse Museum and Cultural Center - 01/27/11 01:22 AM
I know that this video is a little long, but my tour guide was so enthusiastic and "in the know" that I practically forgot that I was recording our conversation. The museum is located at 2000 W and 1700 S and is part of a larger complex that includes the Syracuse City Municipal Building, the Post Office, the Northwest Branch of the Davis County Library and the Public Safety Building. The center consists of four individual buildings. The barn seems much more interesting than the displays in the main building, primarily because it is set up for more interactive learning. You … (7 comments)
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utah: East Gate Business Park News - 01/26/11 09:39 PM
A recent news article in the Standard-Examiner, Layton Sets Goals for 2011, highlights Layton City's state of readiness for tenant growth at the East Gate Business Park. Janicki Industries, currently first, anchor and only tenant, is moving quickly to achieve their late spring start up timetable. East Gate Business Park is located just north of the intersection of HWY 193 and Fairfield Rd in Layton, Utah, adjacent to Hill AFB to the west and Sun Hills Golf Course to the east. Ideally located for any business venture looking to expand in or into Northern Utah. Moving to Utah? For relocation and … (4 comments)
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utah: When You Interview a Realtor in 2011 - 01/01/11 01:13 PM
During 2010, there were 25,119 sales closed and posted in WFRMLS (Wasatch Front Regional Multiple Listing Service - Utah). There are currently 8,194 active agents. That's only 3 sales, per year, per agent. When you're interviewing a Realtor® to represent your home buying or home selling interests, an important question to is, "how many clients did you, Ms/Mr Realtor, help achieve their homeownership goals this past year?" This is an especially important question because there is and has been no room for error in pricing and negotiation, advertising and marketing, during this continuing housing crisis. In order for you to be … (9 comments)
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utah: Is It Finally Time to Buy ( or Sell ) a Home in Northern Utah? - 12/27/10 10:12 AM
Although it will be quiet through the week leading in to the new year, January 3rd, the first business Monday in 2011, will bring renewed activity to our real estate market. All indicators point to a January 2011 that will bring with it stabilization of home values and the quantitative beginnings of recovery in our local housing market.
With both home prices and interest rates at historic lows, it is a perfect time to buy.
With prices and rates bringing more buyers in to the market, it is a perfect time to sell.
Good News Report - Utah's Unemployment Rate Remains … (7 comments)
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utah: Key Bank Introduces New 100% Loan Product - 12/14/10 01:51 PM
I'm looking forward to a luncheon at Key Bank on Thursday, December 16th, as they introduce their new 100% financing loan product. .25% rate add, no mortgage insurance, 620 FICO score with no lates in past 12 months, income cap at $51,000. No first time homebuyer restrictions. Hope this provides some of my clients with an option for financing that they wouldn't otherwise have. This is a conventional program that seems to offer a borrower more flexible guidelines to meet than Utah Housing, or even the standard FHA loan. Debt ratio not to exceed 42%. There is a minimum borrower's investment … (7 comments)
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utah: Open House Today! Noon - 2pm ... 1460 N 350 E, Layton, UT 84041 - 12/04/10 02:44 PM
Cute, west facing home on a cul de sac within walking distance of Woodward (aka Woody the Woodpecker) Park. Main Level: Formal living room, spacious kitchen with granite top island, family room with gas log fireplace, half bath and laundry. Upstairs: Master bedroom and bath with double sinks and private water closet, loft office/den which would also be a perfect craft room (or could easily be converted into a 4th bedroom) and two more bedrooms plus another full bathroom. Two tone paint, chair rails, beautifully updated. Ample storage plus cement crawlspace. Graveled RV pad with gate leading to fully fenced backyard. … (0 comments)
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utah: Renovation Funds for Home Buyers and Sellers - 11/22/10 11:18 PM
I'm excited to announce that I've just completed the real estate industry’s most comprehensive training in the use of the U.S. Government’s FHA 203k Home Purchase and Renovation Loan program. With this designation, I become a member of REbuildUSA, a nationwide organization of real estate, lending and home improvement professionals, working in partnership with Lowe’s, is dedicated to helping more Americans achieve the dream of home ownership, improving our communities and contributing to the health of our economy. The FHA 203k Renovation Loan offers tremendous opportunities for many Americans to enjoy great prices on homes today, yet there is very little … (5 comments)
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utah: Are Senior or "55+" Restricted Communities Legal? - 11/19/10 11:31 AM
I had a sign call on one of my listings yesterday. This particular home is located in Cozy Dale Retreat, and, as the subdivision name would imply, an adults-only community. One member of the household (who also must be an owner of record) has to be at least 55 years old and no one under 50 can reside with that homeowner. In talking with this potential buyer, she told me that she had a 28 year old son who had just had a kidney transplant and that he would be living with them. When I told her that it was prohibited … (5 comments)
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utah: Another Accolade for Ogden - 11/17/10 07:29 PM
#11 Forbes Best Places for Business and Career Relocating to Ogden? Click Here to Search for Homes Nearby. … (4 comments)
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utah: Ogden City's New iPhone app - 11/17/10 07:26 PM
Appropriately named, iOgden, this is a handy little pocket relocation guide. Right now, it's only available for iPhone, but the Android version should be released shortly. Ogden's mayor, Matthew Godfrey, is to be commended for this "first city in the nation to have an iPhone app for interactive use for visitors and citizens". There's even a way for the public to report issues, particularly code violations - unkempt yards, cars on lawns, etc. Shopping, Dining, Recreations, "Deals", City Help, Event Calendar, Attractions and that nifty little Report an Issue function. Who says that Ogden's not a cool place to be? … (0 comments)
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utah: Lowe’s & RE-Build USA Working Together to Facilitate FHA’s 203k Rehab Loan Program - 11/17/10 05:02 PM
Lowe's Home Improvement Streamlining the Streamline (and Standard) 203k Program. Teamwork between the lender (approved by FHA), real estate agent (your 203k Specialist) and Lowe's (as the construction consultant and supplier) creates success for both the seller and buyer of a home that needs TLC. Repairs that the seller can't afford to make and the buyer can't afford NOT to invest in can finally be achieved. Contact me to find out if a 203k loan is right for you!
Kim Novak, RE/MAX Masters
kimnovak@remax.net
(801) 726-1443
… (6 comments)
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utah: Don't Be Afraid of 203Ks - 11/17/10 04:57 PM
Yes, they're "harder" than the average mortgage, but the benefits are well worth it! Remodel a house to make it your home ... better than new construction in half the time. 203K Rehab Mortgage. RE-Build USA's 203K Specialist Program & Certification I'm excited to complete this program as a value added service for my current buyer clientele considering "fixer-upper" opportunities and my past clients who want to remodel their current homes - sans credit card(s).
There are two versions of the 203K Rehab Mortgage - Streamline and Standard. Both are quasi construction loans, with the homeowner working directly with their lending … (0 comments)
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utah: Bank of America and the Equator System - 11/17/10 04:47 PM
I've heard and read many harrowing stories about dealing with the Bank of America on short sale transactions. My current experience with them, through the Equator system as the listing agent, has been exceptional. Email communication, document upload, clear expectations and timelines. They even have an agent resource center for mastering their short sale process. I'm impressed! … (2 comments)
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utah: Layton Real Estate Sales Snapshot 2009 vs 2010 - 11/17/10 04:40 PM
October 2010 vs 2009: total number of homes sold in Layton down 32%, but price per square foot only down 7.5% ... somewhat of a silver lining in the continuing storm cloud. November's numbers are trending downward, however. Sales Per Month Report Explanation This report shows sold property data for the search criteria in each month for the selected years back.
This is a description for each column header
Month - month for data
Count - numbers of homes sold for the month
Volume - total of sales prices
Med/avg OL - Original List Price - Original price based on CDOM
Med/avg Sold Price - Sale … (0 comments)
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utah: Short Sale Market Share in Northern Utah including Salt Lake, Davis and Weber Counties - 11/17/10 04:34 PM
There are approximately 11,500 active home listings on www.UtahRealEstate.com (Wasatch Front Regional MLS) in Salt Lake, Davis and Weber Counties. Almost 2,500 of those home listings, are Short Sales = 21% ... one in five. Additionally, at least 10% of the homes currently on the market are vacant. What does this mean? It means that opportunity abounds for both home buyers and sellers. Yes, I really meant to include "sellers". For buyers, the current market offers unprecedented opportunity to "buy low", in the areas which will most likely rebound first (and yes, the real estate market WILL improve - check back … (5 comments)
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utah: FHA/VA Rates Jump - 11/17/10 04:26 PM
For over a month, FHA and VA 30-year fixed mortgage rates have steadfastly held at 4%. Those rates have jumped to 4.25%, most likely as fall out over the Fed's $600 Billion Monetary Stimulus Plan initiated the day after the mid-term elections on Nov 2nd. As a VA buyer who purchased my first home back in the early '80's when the "discounted" VA rate was 12%, and getting ready to refinance my current VA loan at at a 3% 5/1 ARM, I believe that a 4.25% 30-year fixed rate is still kinda sorta really good :-) … (7 comments)
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utah: Where are the HUD Homes? - 11/17/10 04:13 PM
I just completed a search of our MLS (the Wasatch Front Regional MLS) and found 56 actively listed HUD owned home listings. Given that, according to RealtyTrac®, 1 in every 259 housing units in Utah received a foreclosure filing in October 2010, it seems that something is missing. Here's the scoop ... HUD is in transition regarding their sale and marketing of HUD owned homes (FHA home loan foreclosures). They have created a centralized marketing website at www.HUDhomestore.com. This new site was implemented for the Denver Region, under which Utah falls, on September 13th of this year and is in the … (0 comments)
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utah: East Gate Business Park - Layton, UT at Hill AFB - 11/17/10 03:54 PM
JL Properties, Inc, is the real estate developer of the East Gate Business Park in Layton. Based in Anchorage, Alaska, the company has residential projects in Fairbanks, plus a variety of commercial, government and military projects in both cities. Their website lists three other Utah projects - Redwood Center, Towers at 45th and 136 E South Temple, but their relationship to these projects is unknown because the links are broken. On July 7, 2010, NAI Utah (a commercial real estate brokerage), announced that it had finalized the lease agreement with the first and anchor tenant of the East Gate Business Park, … (5 comments)
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utah: Get a Realtor "Free Market Valuation" Before Investing $450 in a Refinance Appraisal - 11/17/10 03:46 PM
I am in the process of refinancing my personal home, so, being the consummate Realtor® that I am, I prudently prepared a market valuation for myself. I have to admit, I was scared. Yes, very scared. Intuitively I knew what the value should be (since I help my clients buy and sell homes in the same area every day), but I bought in May 2007, at the peak of the peak. I also knew that my neighborhood had suffered a recessionary decline in home values, along with everyone else. So, you can imagine the weight that was lifted when my CMA … (6 comments)
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Kim Novak, REALTOR®
Layton,
UT
More about me…
RE/MAX Masters
Address: 3636 N 2900 E, Layton, UT, 84040
Office Phone: (800) 977-7835
Cell Phone: (801) 726-1443
Email Me
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