investing: Salt Lake County Rental and Vacancy Rates - 12/02/07 04:51 PM
Now Is A Good Time To Buy Rental Properties In Salt Lake
Salt Lake County Rental Rates have risen and are expected to rise again. Along with the money tightening and the endless stream of what would be first time home buyers, that enter the market every year they … (0 comments)
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investing: Salt Lake County Mayor Peter Corroon - 11/17/07 05:24 PM
Click Photo For Bio
I had the great pleasure of seeing Salt Lake County Mayor Peter Corroon talk at our company's quarterly meeting. Just like the counties web site says "You might be surprised at the number of services we provide. Take a look around SLCo.org to learn more about current events, … (0 comments)
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investing: Average Home Sales For Salt Lake County - 11/15/07 11:20 PM
This graph tells some good things, the number of listings, number of sales and the average home sales for Salt Lake County by quarters.
Number of listings shown by the green line has maintained a pretty consistent with seasonal ups and downs, till 3rd quarter of ‘06, then the inventory started to … (0 comments)
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investing: Salt Lake Real Estate Absorption Rate - 11/14/07 08:44 AM
Here is the absorption rate for Salt Lake County.
We have segments that are not moving.
To understand the Absorption rate, you simply divided the number of active listings by the number of homes that have sold in the previous month.
The key is, the ones that are priced right are selling and the rest … (0 comments)
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investing: How To Evaluate An Income Property - 11/11/07 07:46 PM
Cap Rate
We hear many different ways to evaluate rental property. The one method that is the most effective is called the Capitalization Rate, affectionately called the Cap Rate.
I have heard many variations of the cap rate, things like 100 times the rent. That is called the rent multiplier, takes the rent … (4 comments)
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investing: 3 Most Imprtant Things For Selling A Home - 11/04/07 08:37 AM
The three most important factors when selling a home in a NON-seller's market are price, condition and a modern day highly trained real estate agent.
Now that the market in Salt Lake has shifted from a red hot screaming seller's market to a broad market, seller's now have to deal with competition. … (6 comments)
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investing: Rates In Salt Lake City - 10/27/07 04:51 PM
Rates have had some improvements over the last week. It is a great time to do buy or refinance your loans now.
Conforming mortgage rates mentioned below are considered with loan amounts up to $417,000 for a single family residence and is owner occupied. It is with proving your income and a … (0 comments)
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investing: When Buying A Home, Should I Get A Home Warranty? - 10/20/07 10:56 PM
Home Warranty 101
A Home Warranty is an insurance policy against mechanical defects of the home. If a mechanical item breaks down the home owner then calls the Home Warranty Company. The company then sends out a technician to look at the defects. The home owner will pay a $55 deductible and … (1 comments)
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investing: Things You Need To Know When Buying A Home - 10/17/07 08:31 AM
The Basic Process Of Buying A Home Well the first one seems to obvious but it starts here. The decision to buy a home.
There are many reasons to buy a home, the two most common.
Investment (read Homeownership As A Savings Plan).Security Knowing you have a place that is yours and can … (2 comments)
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investing: Property Appraisal - 10/17/07 08:23 AM
The Bank Qualifying The Property
As I mentioned in Things You Need To Know When Buying A Home the Bank qualifies the borrower AND the property. Let's talk about qualifying the property, for the most part it means an appraisal. When you are borrowing money the bank will require it. If paying … (1 comments)
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investing: 3rd Quarter Statistics For Salt Lake and Surrounding Counties - 10/17/07 08:17 AM
Average price is up in all but a few zip codes. Volume is down and days on market are up. We have cooled somewhat but we are actually in a good market. You cannot use the info of the talking heads from national TV. Why because real estate is local in nature. … (0 comments)
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investing: Why Real Estate Works - 10/13/07 08:19 AM
Here is a part of a Robert Kiyosaki newsletter someone had emailed me about 6-7 years ago, hard to remember now. I had retyped it and have it saved in a small book with other prices I will share. Obviously the principles of investing haven't changed.
Why Real Estate Works"Real estate is the … (1 comments)
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investing: College Savings Plan - 10/08/07 09:20 PM
Gov. Jon Huntsman Jr. has declared September as "College Savings Month" from an article in the Salt Lake Tribune, to encourage Utahns to save for their children's education. You can get information about "The Utah Educational Savings Plan" at www.UESP.org or calling 800-418-2551.
This must be the law of attraction or something … (0 comments)
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