real estate: 5.75 Reasons To Buy A Home Now - 01/06/08 11:32 AM
Is This A Good Time To Buy A Home?
Let's Take a Look at the Facts
Interest Rates Are 5.75% (depending on credit score)
Inventory is Ripe
Unemployment is Low
There Are Deals To Be Made
Stop listening to the media.
Dave Fox of KUTV News was involved in a … (4 comments)
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real estate: 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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real estate: 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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real estate: 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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real estate: 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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real estate: 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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real estate: Hotsheet for Sellers - 11/06/07 06:17 PM
We all have the tools to allow buyer's to get updates of new listings either when they come on the market or at leas on a daily basis. I know in my MLS it is called the Auto Hotsheet. It will send new listings or if any property went under contract, closed, … (8 comments)
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real estate: Run Don’t Walk To Magna The Last Affordable Frontier In Salt Lake County - 11/05/07 05:56 PM
Run Don't Walk To Magna The Last Affordable Frontier In Salt Lake County
Magna is located right off of highway 201 and you can be down town Salt Lake City in 15 minutes and to the airport in 10 minutes easy.
Magna is little town that is different than most Salt Lake City … (1 comments)
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real estate: Remodeling? Make sure you are covered - 11/05/07 05:53 PM
I asked Kirk Chester my insurance agent, what happens when people remodel, what does that do for their insurance? He sent me an interesting article.
I will find out about all the equity increse we have experienced over the last few years.
The National Association of Home Builders Estimates that 26 million homes are … (0 comments)
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real estate: Why Is There A Lot Of Remodeling Going On In The City of Cottonwood Heights? - 11/05/07 05:49 PM
Why There Is A Lot Of Remodeling Going On In Cottonwood Heights (84121)*?The prices have gone up so much in the last three - four years that selling and replacing the house is not much of an option.The average Sq Ft price in September 2004 was $94 and has gone … (0 comments)
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real estate: Money Laundering or Assistance - 11/04/07 08:44 AM
Below is an update on the Down Payment Assistance Front. Recently HUD stated that they were going to do away with the DPA. A DPA is where a seller contributes 3% of the purchase price plus an administration fee to the DPA and the DPA will gift the buyer the down … (5 comments)
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real estate: 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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real estate: 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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real estate: Salt Lake Tribune Newspaper Or Tabloid - 10/24/07 11:04 PM
Is this a silly picture I found or a resume of a Salt Lake Tribune Real Estate Reporter? With Utah's unemployment being below 3% for a year and under 4% for two years, the tribune is feeling it too.
The story's headline, which said, "Utah's housing boom now a bust," was misleading … (2 comments)
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real estate: 8 Reasons Why You Should Use An FHA Approved Lender - 10/22/07 05:18 PM
8 Reasons Why You Should Use An FHA Approved Lender
1. FHA Approved Lender Can Offer You Conventional Products, But A Non FHA Approved Lender Cannot Offer You FHA 2. FHA Approved Lender Has To Have A $250,000 Net Worth, 20% Has To Be Liquid 3. FHA Approved Lender Has To Have … (1 comments)
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real estate: 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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real estate: Monopoly, Birthday and Christmas - 10/18/07 04:46 PM
I have always loved the game monopoly. Being in the Real Estate Industry for some time has brought me to appreciate it more and I like to play with my children. I want them to learn Real Estate from a very early age.
I have always liked the movie A Christmas … (2 comments)
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real estate: 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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real estate: 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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real estate: 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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