Tony's Real Estate Blog - Tony Talks

Is Provo Real Estate Weathering the Storm?

RESE Realty INC. — Tue, 24 Feb 2009 18:08:08 -0800

these are tough times for everyone, but the question i have is Provo Real Estate holding up better than other areas?

due to the proximity to the universities, provo real estate provides housing to a lot of students

it seems to me that provo real estate has benefited from this symbiotic relationship with the students, provo real estate seems not to have dropped in value as much as other areas i have seen

in addition, provo real estate seems to be having less short sales and foreclosures and clients of mine looking the prove real estate market are finding that provo real estate owners are less inclined to give away their properties than we are seeing elsewhere

the strong rental market also assists in provo real estate to hang in there - even investors look positively at provo real estate, it seems that provo real estate cannot go wrong? or am i speaking out of turn?

I BOUGHT GAS AT $1.89 LAST NIGHT AND GOT A GREE CAR WASH!!!

RESE Realty INC. — Thu, 13 Nov 2008 09:40:17 -0800

i never thought that i would see the day when i was paying less that $2.00 per gallon of gas again!

last evening u pulled up with the advertised price being $2.09, inserted my card and saw the price coming up aas $1.89!!!

wow what a pleasure - i am enjoying my V8 again!!

must be the democratis working already!!??

THE MARKET IS COMING BACK IN UTAH!!!

RESE Realty INC. — Wed, 16 Jan 2008 16:40:53 -0800

i am delighted to report that the beginning of this year has been a huge imprevement over what was happening here last year!!

we have real live buyers again - its awesome - i dont believe that this will have a positive effect on prices for a while though, seeing as we have that much inventory and negativity to overcome - but it certainly has me feeling a lot better than at the end fo last year

the reason for this post is to give a little bit of hope to all of you who are feeling like there is no hope - that is the way i was feeling at the end of last year

if you carry on doing the intelligent things, it will come back to you, there are fewer agents now and people have less to choose from - you be the professional who weathered the storm and you will survive!!

good luck everyone and a very happy new year to you all

a higer BAC does not work!!

RESE Realty INC. — Mon, 12 Nov 2007 16:25:00 -0800

i recently posted the following blog;

DOES A HIGHER BAC WORK?

i havenoticed since the market has got tougher that more and more sellers are offering a higher BAC.

to be truthful, i have recently done thje same

what i would like to know is how other realtors feel about that

does it motivate you to find a buyer for that property?

does it motivate you to take clients to see it?

does it get you thinking about your clients to find a buyer?

does it do nothing except signal a desparate seller?

please let me know, i often think we get caught up in our own little worlds, not really undertanding what we are involved with

have a great weekend

since then i have tried offering up to a 5% BAC on some of the properties i am selling and nothing changed - zero, nada, zip!!

so, as they say in the classics - the proof, is in the pudding!!

SIGNS OF TURNAROUND

RESE Realty INC. — Mon, 12 Nov 2007 13:44:19 -0800

HERE IN UTAH IT HAS BEEN A TOUGH FEW MONTHS - FEW BUYERS, LOTS OF SELLERS, PRICES DROPPING, NO CALLS, ETC ETC - BUT OVER THE LAST FEW DAYS, I HAVE SEEN SOME SIGNS OF RECOVERY!!

SOME MORE CALLS, SOME NOT SO SERIOUS SELLERS REMIVING THEIR HOMES FROM THE MARKET, MORE FLYERS MOVING, MORE APPROVALS FROM THE UNDERWRITERS, MORE SHOWINGS - GENERALLY SIGNS OF THE MARKET RECOVERING.

THIS BRINGS SOME RELIEF AND HOPE THAT THIS TOO SHALL PASS

THIS IS THE FIRST TIME I HAVE SEEN A "DOWNTURN" AND FOUND IT REALLY TOUGH TO "SEE" THE WAY OUT, BUT I AM GLAD I HUNG IN AND ALTHOUGH THE TOUGH TIMES ARE NOT OVER, I AM SEEING HOPE IN THE FUTURE OF REAL ESTATE FOR ME AND FOR MY CLIENTS

THIS IS AN AWESOME MEDIUM FOR AIRING YOUR VIEWS - LETS HER ABOUT THOSE POSITIVE EXPERIENCES!!

are home inspections worth the money and time?

RESE Realty INC. — Thu, 01 Nov 2007 13:40:24 -0700

a client of mine recently declined my offer for a homes inspection.

they only look at the outside of things and their reports are pretty superficial and decline any liability whatsoever - he told me

i am not sure that i totally agree with that - but i do feel home inspectors have fallen into the "they have to use us" category recently

what re your thoughts

what experiences have you had?

what are the options you have thought of?

POSITIVE MARKET SIGNS IN UTAH

RESE Realty INC. — Wed, 31 Oct 2007 14:12:33 -0700

i wanted to share the news that we are starting to see some positive signs in the market here already. There are more flyers leaving our boxes, we are getting showings and properties under contract. There seem to be more buyers around again, loans seem to be getting approved, as expected, and even the appraisals are looking more normal.

So heres hoping that the panic is subsiding and that people are realizing that real estate is still a great investment and that it is a GREAT TIME TO BUY.

have a great halloween everyone and lets share our positive vibes!!

Great Horse Property in Lehi, UT

RESE Realty INC. — Wed, 24 Oct 2007 12:04:03 -0700

JUST LISTED!!! An amazing horse property in Lehi with plenty of room to grow, play, keep your horse, RV, toys etc etc or develop!

This 4117 Sqft, 6 Bedroom 4 Bath house sits on nearly 3 Acres of Prime Real Estate.

This is one that defintely deserves a look.

We will post photos shortly but till then if you have any questions please call Tony du Preez at (801) 360-6424.

DID THE MEDIA CAUSE THIS DOWNTURN?

RESE Realty INC. — Tue, 23 Oct 2007 13:36:02 -0700

we recently received an email from the local association of realtors pointing out an irresponsible, ill researched article in a local newspaper.

on reading this email from the association, i realized the extent to which i, an active broker, had bought into their generalized negative hype and how it had negatively effected my attitudes and also my approach to some of my deals

so here's a word of encouragement to all of us - make sure you have the facts before youo subscribe to the recession, there are people out there that making our lives so much more difficult than it needs to be

we owe it to ourselves and to our clients

has anyone else had experiences relating to the media they would like to share?

LOCAL ASSOCIATIONS - DO THEY ADD VALUE?

RESE Realty INC. — Tue, 09 Oct 2007 11:18:05 -0700

all realtors are required to belong to a local association and the national association as well. we just received the bill for our 2008 dues and the first question that arose in my mind was what value am i going to receive for these fees?

i understand that the associations represent the interests of agents as a group, they position politically and hopefullly protect us from being replaced by Walmart or the banks - but what other value do they deliver?

so, being a converted blogger, i decided that i would ask my collegues from all ober the country what their local association does for them so i could get some ideas as to what to suggest to our local chapter.

also what does the National Assocation do for us? what should they be doing? does anybody have any ideas?

have a great week

ANY IDEAS AS TO HOW TO SELL PROPERTIES IN A DEPRESSED MARKET??

RESE Realty INC. — Wed, 03 Oct 2007 09:04:16 -0700

the market herei n utah has pretty much gone away.

we are having only a fraction of the number of showings to which we are accustomed and very few offers - not even low-ball offers!

i understand supply and demand, i understand negative buyer sentiment, i undertand difficulty in getting finance, i understand waiting for a better deal - but people are still supposed to be buying real estate aren't they?

so you brilliant realtors out there - please help this poor 5 year rookie - give me some ideas that i can really use to find buyers - we have tried everything we can think of - but very little, or no response has been forthcoming

incidentally, i am still looking for some additional feedback on twin falls in idaho - a client of mine is thinking of relocating there and will be looking for a realtor and a property

FEEDBACK ON TWIN FALLS IDAHO MARKET PLEASE

RESE Realty INC. — Mon, 01 Oct 2007 12:19:44 -0700

i have a friend/client who is thinking of moving up to Twin Falls in Idaho. seeing as i am his trusted real estate advisor - he called me and asked for my opinion.

well, i do not have an opinion on Idaho - so i am hoping that you professional realtors out there will give me some intelligent feedback on the state of the market there

if he os going to move there, i would also like to refer him to a professional agent who is able to provide us with a sensible market analysis

he does not want to put his Utah house on the market until he fees confident about the Twin Falls market

so any info that you can send me would be appreciated

thanks - and happy new week!!!

DOES A HIGHER BAC WORK?

RESE Realty INC. — Fri, 28 Sep 2007 09:55:00 -0700

i havenoticed since the market has got tougher that more and more sellers are offering a higher BAC.

to be truthful, i have recently done thje same

what i would like to know is how other realtors feel about that

does it motivate you to find a buyer for that property?

does it motivate you to take clients to see it?

does it get you thinking about your clients to find a buyer?

does it do nothing except signal a desparate seller?

please let me know, i often think we get caught up in our own little worlds, not really undertanding what we are involved with

have a great weekend

Home for sale in Pleasant Grove, Ut offering a 4% BAC

RESE Realty INC. — Thu, 27 Sep 2007 16:13:50 -0700

Beautiful 1 Acre LDS Temple and valley View Lot!!

There is a 3700 sq ft house on the property that could be Remodeled if you are that way inclined or the property is ideal to subdivide into 2 lots in PG or if you can get it annexed into Cedar Hills then maybe 3 lots!

So many possibilities - the lot has huge big trees which make it a wonderful place to be and with the great views both front and back side of the property, these is no way you can go wrojng with this property.

this is one of my properties and i have an open mind - talk to me .....

This house is on a corner lot facing the Valley, from the front door you can see forever, and out the back you have great views of the mountains.

Sq Feet: 3700
Lot Size: 1.00
4% BAC!!
Perfect investment opportunity
Ready for subdivision.

Fireplace
Cable Ready
Price $375,000

Home in Lehi Ut close to schools, Cabelas, IM Flash and everything else.

RESE Realty INC. — Thu, 27 Sep 2007 14:52:38 -0700

Spotless 2558 SqFt Family Home, ready to move in!!

Prestigious East Lehi, lots of room, brand new everything

v New carpets, new tile, new paint

v 7 Large Bedrooms!!

v 2 full Bathrooms, with brand new tile + new toilet bowl

v Open plan kitchen area with brand new tile + paint w tile back splash

v Huge Family Room with feature fireplace, just painted + cleaned up throughout

v Great views all round, slope of lot lends itself to great landscaping, brand new sod, updated sprinklers + new plants

v Very Close to schools, shops, church, Cabelas + IM Flash

v Literally 1.5 minutes from the freeway at any time of day!!

v hordes of storage places and closets all over the home

v Vaulted ceilings create space, floor plan provides lots of interest and character

v Plenty of light on all levels as a result of the slope – great feature

v Warm and inviting Kitchen area – involved in rest of the house

v 2 attached Garages with auto doors + RV parking area

v This house has a lot of space – but still feels warm and cozy

v Seller has spent a lot of time & money making this house like new – ready for your family to move in & enjoy, immediate occupation – at this price a bargain!

321 West 2540 North, Lehi, UT, 84043 Very Realistically Priced

Large Home for sale in Lehi, Ut in north utah county close to IM Flash!!!

RESE Realty INC. — Thu, 27 Sep 2007 14:39:07 -0700

AWESOME VALUE, IMMACULATE MODERN 2 STORY, IN QUIET CUL-DE-SAC, EAST LEHI, MUST SEE!

v 3500 SQ FT of designer custom home\

v Central A/C + pressurized irrigatio

v 5 Large Bedrooms w 2 WIC!!

v Great master suite w WIC + feature bath

v Total of 3.5 Bathrooms, master dbl vanity

v Huge open plan kitchen, nook, family room area with 9” ceilings - feels like rambler!!

v Feature fireplace + staircase create cozy feeling

v Beautiful hard wood floors add to feeling of warmth of this house

v Solid counter tops + terraced custom cabinets w spice rack + pull out shelves + travertine backsplash, a great family area

v Lots of recessed can lights all round

v Built in custom shelves in Living room – really nice feature

v 2” wood blinds all round + upgraded carpet + feature drapes could stay

v Low E window tinting improves insulation, reduces utilitiies

v Feature custom paint techniques in some rooms

v Really cool yard w pergola, playset, vinyl fencing, lots of concrete, colored concrete, professional landscaping all round the house, auto sprinklers, curbing

v Great views of the mountains

v Very Close to schools, shops, church, Cabelas + IM Flash

v Literally 1.5 minutes from the freeway at any time of day!!

v 3 attached Garages with auto doors, this house has a lot of space – but still feels warm and cozy

3419 N 425 W, Lehi, UT, 84043 Reasonably Pricing

MARKET MOVEMENT - HOW TO ATTRACT BUYERS IN A WEAK MARKET?

RESE Realty INC. — Thu, 27 Sep 2007 13:05:49 -0700

over the last few weeks we have seen a renewed interest in our listed properties here in Utah.

it was werid - there was little activity for a good few weeks and then all of a suddent things heated up again and we were getting excited when they went all quiet again

this spike in activity seemed to co-incide with the fed's drop in interest rates - but things seemed to have slumped back down again.

any comments - what have you found in your markets and wnat is working to attact buyers to your listings??

we have been very active in our interest marketing efforts

we have also been very active in mailers to our client base trying to find buyers

we have been working our referral systems harder than usual

we have tried everything we can think of - and it would seem that nothing is getting us increased interest

this is my first time in a weak market and i need all the help i can muster - please let us and everybody else benefit from your ideas and experience

Great house in North East Lehi, Utah with lots of personality close to IM Flash and Cabelas.

RESE Realty INC. — Wed, 26 Sep 2007 15:57:27 -0700

Clean, attractive 2205 sqft Family Home in East Lehi with panoramic views of north valley!

v 3 spacious bedrooms, 4th used as den

v Large living room - warm atmosphere

v 2 full bathrooms, one with huge jetted tub and custom tile – a great feature

v Large family room with feature fireplace, large enough to work for your family

v Vaulted ceilings add to feeling of space

v Open feel, created by open wall

v Clean kitchen and breakfast nook area

v Internet ready den / 4th bedroom, currently used as a studio would make a great office as well

v Very quick and easy access to I15, 2 minutes max at any time of day!!

v Feature wall cut-outs add to interest and character of home

v Huge concrete patio

v Great yard with automatic spinklers

v Unfinished area in basement provides room to grow/ good storage

v Bay window in master adds additional feeling of space

v Fully landscaped and fenced yard

v Alarm system installed

v Very close to schools, church, stores, freeway and everything else

v This is a really nice house with a friendly floor plan

2539 N 600 W . Lehi . UT . 84043 Very Realistically Priced

House on a huge .23 acre lot. So close to IM Flash, Cabelas and everyhting else it's sure to ba a winner!!

RESE Realty INC. — Wed, 26 Sep 2007 15:32:15 -0700

Good-looking 3182 sq ft family rambler with 4 Car Garage on .23 acres in quiet up-market East Lehi

Lots of upgrades, great curb appeal & mountain views!

v 4 spacious bedrooms

v 3 bathrooms with upgraded oak cabinets

v Awesome master suite with walk in closet and master bathroom

v Walk in closets in other bedrooms as well

v Huge great room with vaulted ceilings

v Beautiful upgraded custom white-washed cedar kitchen cabinets with carved wood and footed detail

v Upgraded kitchen appliances

v Double ceramic sink, lazy Susan and appliance garage

v Beautiful bay windows add space and interest

v Upgraded lighting fixtures including, 4 upgraded ceiling fans

v 9 foot ceilings in basement and extra large basement windows – make basement very light and airy – seller will finish remodeling before closing – ask for details

v Window treatments include wooden blinds and some drapes

v Large storage room PLUS Additional food storage room

v VERY COOL, fully insulated, 4 car garage with extra width and height – great for toys or workshop

v Fully landscaped yard with specimen plants & landscape lighting – about to receive an award for yard

v ADT alarm system with motion sensors – the whole 9 yards!

v Very close to schools, church, stores, freeway and everything else

v This is a really nice house with a usable floor plan – you really must see this one

449 West 3375 North . Lehi . UT . 84043

Realistically Priced

Sectacular lot sitting high on the east bench of Alpine, Utah.

RESE Realty INC. — Tue, 25 Sep 2007 16:41:23 -0700

I have a great lot for sale. This east bench lot sits high above the valley among multi-million dollar houses. Yet it is tucked into the trees to give you an alone feeling like nothing else. I promise you that you will not find a lot this big, this incredibly beautiful in this type of neighborhood for this price anywhere in Utah.

The prestigious city of Alpine has and will continue to offer great schools, and a wonderful family atmosphere. It sits in the north east corner of Utah Vally, tucked literally in the of the Wasatch mountains as they make the corner turning north westward to lead into Salt Lake City.

This lot is ready to be built on. The size of the lot is .80 of an acre which is large for the area. It has all of the utilities stubbed and waiting to be tied into. It already has a paved driveway running into the lot.

Give us a call if you have any questions about it, our if you would like us to take you on a tour of this property.

As a feature for a limited time we are offering a 5% Buyer Agent Commission to the agent that brings a willing, ready and able buyer to the table.

Thanks for having a look.

Newly remodeled home in Lehi, Utah. Minutes from IM Flash

RESE Realty INC. — Tue, 25 Sep 2007 16:36:42 -0700

Spotless 2558 SqFt Family Home, ready to move in!!

Prestigious East Lehi, lots of room, brand new everything

v New carpets, new tile, new paint

v 7 Large Bedrooms!!

v 2 full Bathrooms, with brand new tile + new toilet bowl

v Open plan kitchen area with brand new tile + paint w tile back splash

v Huge Family Room with feature fireplace, just painted + cleaned up throughout

v Great views all round, slope of lot lends itself to great landscaping, brand new sod, updated sprinklers + new plants

v Very Close to schools, shops, church, Cabelas + IM Flash

v Literally 1.5 minutes from the freeway at any time of day!!

v hordes of storage places and closets all over the home

v Vaulted ceilings create space, floor plan provides lots of interest and character

v Plenty of light on all levels as a result of the slope – great feature

v Warm and inviting Kitchen area – involved in rest of the house

v 2 attached Garages with auto doors + RV parking area

v This house has a lot of space – but still feels warm and cozy

v Seller has spent a lot of time & money making this house like new – ready for your family to move in & enjoy, immediate occupation – at this price a bargain!

321 West 2540 North, Lehi, UT, 84043 Very Realistically Priced

Great big lot with animal rights in Lindon, Utah.

RESE Realty INC. — Tue, 25 Sep 2007 16:24:18 -0700

Great .46 Residential Lot With 1250 sq ft shop+ animal rights

v .46 acre lot in prestigious Lindon, with possible additional land available – talk to us

v Fenced on 2 sides with white vinyl privacy fencing

v Awesome, over-engineered 1250 sq ft shop with a full drive out basement – great for storage or whatever else you need lots of space for

v Gas heating unit in shop keep sit warm in winter

v The existing house belongs to seller, hence the additional land possibility

v Existing house potentially available – again, talk to us

v Animal rights attach to this property

v Utilities are stubbed to low (West) side of the lot – this ensures that no pumping will be required

v Utilities are stubbed & ready to be connected – lot is ready to build

v Seller will clean lot up and will also clear shop out, prior to closing

v Call for a plat or any additional questions

v This is a great location, close to everything & quiet, at the same time

v Other lots in the area are selling for much higher prices

v Few properties with this much to offer, at such a reasonable price!!

711 N Locust Avenue Lindon UT 84042 Very Reasonably Priced

Spotless home in Lehi close to Cabelas, IM Flash and everything else.

RESE Realty INC. — Tue, 25 Sep 2007 16:20:18 -0700

Spectacular 4022 sqft 2 Story home in East Lehi, a MUST SEE!

v 6 oversized bedrooms

v Upstairs bedrooms all with vaults

v huge master suite with sitting area, garden tub, 2 sinks, separate shower + separate loo + large WIC

v Solid Surface Counter tops, brand new range, bay window, white-washed oak cabinets + nook, make kitchen a delightful + practical area

v Large family room – built in surround sound + feature drapes + fireplace

v Formal dining, rich flavor + custom oak French doors (with decorative glass inserts), lots of feature drapes throughout this wonderful home

v All walls decorated with masterful Faux painting + Venetian plaster, seller will consider some repainting, if required

v 3.5 bathrooms, half bath om the main floor

v Huge living room with bay window, ideal for grand piano

v Sweeping 2 story Vaulted entryway leading onto grand staircase – great entry with feature chandelier

v Additional $10 000 A/C and heating unit, keeps upstairs @ perfect temp

v Lots of tile on the floors (connects all doors) easy to maintain

v Central Vac (great feature) + blt in surround sound system + dish system

v Alarm system, well built storage shelves + closet organizers all round

v Upgraded, custom, Up-down cellular blinds – useful + save on utilities – they are much more effective insulating house than wooden blinds

v Huge storage room in basement with strong built in shelves + space for freezer

v Broadway themed “stage” play area with lights, mirrors, light posts, ticket booth – will provide hours of fun & entertainment, MUST SEE!

v Built in entertainment center in basement family room

v This house is close to everything, school, churches, shopping, Cabelas, IM Flash

v Great neighborhood, quiet cul-de-sac, lots of kids

v Very quick and easy access to I15, 2 minutes max at any time of day!!

v Lots of 20 year old trees, planted in a lush, landscaped paradise, you have to see this yard to appreciate it properly, many wonderful features

v Secluded yard surrounded by a very sturdy 6’ cedar fence + enchanting arbors + feature 6’ wrought iron fence in front, with large gate providing additional RV parking on concrete pad in back

v Large deck & patio

o custom window boxes

o beautiful - hand made playhouse with slide

o backyard lighting

o 600+ feet of stamped curbing

o limestone pathways

o multiple rose trellis’s all add to the grand effect

o like we said, you have to see this yard to appreciate it

v Great Floor plan – open feel, lots of room and interest, making this a very special home

v Now Really Priced right, to sell

v Immediate occupation

367 W 2660 N . Lehi . UT . 84043

Very Realistically Priced

Great Mixed-Use Location in Central Provo Just off University Avenue.

RESE Realty INC. — Fri, 21 Sep 2007 16:05:44 -0700

Quaint 1650 sqft Home and/or Office in Historic mixed use Location in Central Provo – great investment property!

v Mixed use Zoning: business, single family, or business and rental

v Ideal for real estate, attorney, mortgage office upstairs

v Could rent out the downstairs to students – easy to rent

v Close to bus route – easy for employees / tenants

v Close to BYU & shops & everything else!!

v 4 bedrooms

v 2 bathrooms

v 2 kitchens

v Beautiful hardwood floors upstairs

v Crown moldings

v Lots of Storage space

v Apartment downstairs with separate entrance

v Kitchen with updated Cabinets & appliances

v 2 Stoves, Dishwasher, 2 Refrigerators

v New lighting fixtures

v Newly remodeled and painted

v Brand new central air heater

v Window mounted swamp cooler

v Open, inviting yard with large trees - newly landscaped (auto sprinklers)

v Private Backyard

v 12 month warranty included

v MUST SEE THIS PROPERTY!

57 West 300 North, Provo, Utah, 84601

Realistically Priced

Rare Horse Property For Sale in Bluffdale Utah

RESE Realty INC. — Thu, 20 Sep 2007 17:17:13 -0700

Rare Horse Property on 1.1 acres in the best equestrian area in Valley on a quiet street AND a great 2687 sqft house!

v 3 Large Bedrooms + office + 2.5 baths

v Master Suite with walk in closet and bathroom

v New hard wood floors create a warm country feel

v Feature fireplace in family room also adds to the country feel of the home

v New countertops, dishwasher and sinks in kitchen

v New vanities in all bathrooms

v New water heater

v New sprinkler system – automatically waters the yard

v The ranch style vinyl fence adds to the equestrian feel of the property

v New front door

v Laundry upstairs makes laundry day a pleasure

v Brand new insulated garage door

v 16 inch cinder block walls make the house really strong and assist in keeping electricity bills low by providing great insulation in summer and winter!!

v Floors supported by 2X6 joists

v Feature sun room – can be used for many different purposes – using heat from sun keeps home warm in winter and saves on utilities, plumbed for hot tub

v Flag pole in front yard

v Lots of trees provide shade, protection and atmosphere

v The quiet street lets you move in and out with out traffic stress

v Lots of place for the horse and the kids and the toys!!

v There are few properties with this much to offer at such a reasonable price!!

2130 West 14200 South Bluffdale Utah 84065 Very Reasonably Priced