Gerald's Blog

Great Syracuse Home

Gerald Richards (Team One - Coldwell Banker Residential Brokerage) — Tue, 10 Nov 2009 13:09:24 -0600

1932 N. 2700 E.
Layton, UT 84040
Great Homes In The Oaks

Home

Gerald Richards

Realtor

Office:	(801) 774-1494
Mobile:	(801) 540-3825
Website:	Visit Website

Price	:	$249,901
Bedrooms	:	3
Bathrooms	:	2
Square Foot	:	2,441
Lot Size	:	15,681
County	:	Davis
Property Type	:	Detached
Year Built	:	1985
MLS Number	:	923013

click for more information and pictures

Property Description

For an Audio Open House Tour of this home call 1-800-258-1861, Extension 703, 24 Hour Recorded Message. For even faster information text "66077" to 79564.

Features List

Corner Lot	Paved Roads	Curb & Gutter
Dishwasher	Disposal	Refrigerator
Granite Countertops	Travertine Flooring	Hardwood Flooring
Fenced Backyard	RV Parking	Patio
Fully Landscaped	Mature Trees	Auto Full Sprinklers

Equal Housing Opportunity.

Coldwell Banker : 1346 S Legend Hills - Clearfield UT 84015 : (801) 774-1494

Short Sale Questions to Think About

Gerald Richards (Team One - Coldwell Banker Residential Brokerage) — Sat, 29 Aug 2009 10:17:06 -0500

I don't know about other states, but in Utah our real estate market is still pretty stong and has been. I see short sales popping up and have one qauestion on my mind. Why, if someone bought a home one, two, three, or more years ago, and now they can not make the house payments for whatever reason, is the home worth less money. I have had two people come to me and said they were behind on their mortgage payments and wanted to sell their house. We put the house on the market, sold it, and paid off the mortgage company and put money in the seller's pocket. The only reason I can think that someone would do a short sale is if the house was over priced when they bought it or they are in an area where prices have dropped way down. Since this isn't the case in Utah, I just can't understand short sales.

2nd question: If the seller wants to do a short sale and they have submitted the correct package to their lender for approval of the short sale, why do all the short sales say, "Subject to price approval of a third party"? I've done two short sales, and both time I had the seller submit the required documents to the mortgage company, they sent out an appraiser, gave us a price to list the house at and we sold them both within 15 days of getting the price approval from the mortgage company. We have one house in Syracuse that has been sitting on the market for over a year and they had a full price offer on it because I wrote it for one of my clients, but we didn't get the home, and it is still active on the MLS.

I just seem to have a problem with both of these questions and wonder what is going on.

Military Market Specialist

Gerald Richards (Team One - Coldwell Banker Residential Brokerage) — Mon, 02 Feb 2009 20:01:12 -0600

My complete team just underwent training to get the Military Markets Specialist designation. It was a great class and the members of my team learned a lot about the military way of life and culture. They learned how military members are to be addressed in all types of communications and what the various ranks are and where to go on the Internet to get information about a members pay, housing allowance, cost of living allowance and a lot more. They also learned about the effect moving so many times has on a military family, and sometime it's the hardest on the children. To assist the military members coming and leaving Hill AFB, UT we put a website up at www.pcstohill.com. This site gives the military member all the information they could ever want or need to make their move to Hill as smooth as possible. If you are PCSing to or from Hill AFB, Utah then you need to visit this site.

Farmington City Market Conditions

Gerald Richards (Team One - Coldwell Banker Residential Brokerage) — Tue, 30 Sep 2008 14:29:28 -0500

There are as of 1 October 2008, 136 active homes on the market with another 12 homes under contract for a total of 148. By calculating what percentage of the total the 12 homes under contract are you know if Farmington is a buyers or a sellers market.

12 divided by 148 = 8%.

If the % is under 25 percent then it is a buyers market. If it's over 25% then it's a sellers market.

So Farmington, UT is currently experiencing a buyer's market.

To find out more about market conditions in Utah just give me a call at 801-540-3825.

Centerville City Market Conditions

Gerald Richards (Team One - Coldwell Banker Residential Brokerage) — Tue, 30 Sep 2008 14:27:44 -0500

There are as of 1 October 2008, 65 active homes on the market with another 24 homes under contract for a total of 89. By calculating what percentage of the total the 24 homes under contract are you know if Centerville is a buyers or a sellers market.

24 divided by 89 = 35%.

If the % is under 25 percent then it is a buyers market. If it's over 25% then it's a sellers market.

So Centerville, UT is currently experiencing a seller's market.

To find out more about market conditions in Utah just give me a call at 801-540-3825.

Fruit Heights City Market Conditions

Gerald Richards (Team One - Coldwell Banker Residential Brokerage) — Tue, 30 Sep 2008 14:25:11 -0500

There are as of 1 October 2008, 32 active homes on the market with another 2 homes under contract for a total of 34. By calculating what percentage of the total the 2 homes under contract are you know if Fruit Heights is a buyers or a sellers market.

2 divided by 34 = 6%.

If the % is under 25 percent then it is a buyers market. If it's over 25% then it's a sellers market.

So Fruit Heights, UT is currently experiencing a buyer's market.

To find out more about market conditions in Utah just give me a call at 801-540-3825.

Kaysville City Market Conditions

Gerald Richards (Team One - Coldwell Banker Residential Brokerage) — Tue, 30 Sep 2008 14:21:27 -0500

There are as of 1 October 2008, 203 active homes on the market with another 24 homes under contract for a total of 227. By calculating what percentage of the total the 24 homes under contract are you know if Kaysville is a buyers or a sellers market.

24 divided by 227 = 11%.

If the % is under 25 percent then it is a buyers market. If it's over 25% then it's a sellers market.

So Kaysville, UT is currently experiencing a buyer's market.

To find out more about market conditions in Utah just give me a call at 801-540-3825.

Sunset City Market Conditions

Gerald Richards (Team One - Coldwell Banker Residential Brokerage) — Tue, 30 Sep 2008 14:19:57 -0500

There are as of 1 October 2008, 26 active homes on the market with another 8 homes under contract for a total of 34. By calculating what percentage of the total the 8 homes under contract are you know if Sunset is a buyers or a sellers market.

8 divided by 34 = 24%.

If the % is under 25 percent then it is a buyers market. If it's over 25% then it's a sellers market.

So Sunset, UT is currently experiencing a buyer's market.

To find out more about market conditions in Utah just give me a call at 801-540-3825.

Syracuse City Market Conditions

Gerald Richards (Team One - Coldwell Banker Residential Brokerage) — Tue, 30 Sep 2008 14:18:19 -0500

There are as of 1 October 2008, 283 active homes on the market with another 39 homes under contract for a total of 322. By calculating what percentage of the total the 39 homes under contract are you know if Syracuse is a buyers or a sellers market.

39 divided by 322 = 12%.

If the % is under 25 percent then it is a buyers market. If it's over 25% then it's a sellers market.

So Syracuse, UT is currently experiencing a buyer's market.

To find out more about market conditions in Utah just give me a call at 801-540-3825.

Clearfield City Market Conditions

Gerald Richards (Team One - Coldwell Banker Residential Brokerage) — Tue, 30 Sep 2008 14:16:14 -0500

There are as of 1 October 2008, 173 active homes on the market with another 29 homes under contract for a total of 202. By calculating what percentage of the total the 29 homes under contract are you know if Clearfield is a buyers or a sellers market.

29 divided by 202 = 14%.

If the % is under 25 percent then it is a buyers market. If it's over 25% then it's a sellers market.

So Clearfield, UT is currently experiencing a buyer's market.

To find out more about market conditions in Utah just give me a call at 801-540-3825.

Clinton City Market Conditions

Gerald Richards (Team One - Coldwell Banker Residential Brokerage) — Tue, 30 Sep 2008 14:14:47 -0500

There are as of 1 October 2008, 159 active homes on the market with another 46 homes under contract for a total of 205. By calculating what percentage of the total the 46 homes under contract are you know if Clinton is a buyers or a sellers market.

46 divided by 205 = 22%.

If the % is under 25 percent then it is a buyers market. If it's over 25% then it's a sellers market.

So Clinton, UT is currently experiencing a buyer's market.

To find out more about market conditions in Utah just give me a call at 801-540-3825

West Point City Market Conditions

Gerald Richards (Team One - Coldwell Banker Residential Brokerage) — Tue, 30 Sep 2008 14:13:22 -0500

There are as of 1 October 2008, 77 active homes on the market with another 13 homes under contract for a total of 90. By calculating what percentage of the total the 13 homes under contract are you know if West Point is a buyers or a sellers market.

13 divided by 90 = 14%.

If the % is under 25 percent then it is a buyers market. If it's over 25% then it's a sellers market.

So West Point, UT is currently experiencing a buyer's market.

To find out more about market conditions in Utah just give me a call at 801-540-3825

Layton City Market Conditions

Gerald Richards (Team One - Coldwell Banker Residential Brokerage) — Tue, 30 Sep 2008 14:11:39 -0500

There are as of 1 October 2008, 516 active homes on the market with another 79 homes under contract for a total of 595. By calculating what percentage of the total the 79 homes under contract are you know if Layton is a buyers or a sellers market.

79 divided by 595 = 13%.

If the % is under 25 percent then it is a buyers market. If it's over 25% then it's a sellers market.

So Layton, UT is currently experiencing a buyer's market.

To find out more about market conditions in Utah just give me a call at 801-540-3825

Great American Yard Sale

Gerald Richards (Team One - Coldwell Banker Residential Brokerage) — Sat, 31 May 2008 13:04:10 -0500

The 5th Annual Great American Yard Sale will be held at the Davis High School south parking lot on 21 June 2008. If you have stuff you want to sell, just call 1-800-988-1225, ext. 923 and reseerve a slot today. If you don't have stuff to sell, just come on out and see all the treasures others have to sell. If you'd like to know more you can visit the web site at www.greatamericanyardsale.org and see photos of past sales.

Roy City Market Report:

Gerald Richards (Team One - Coldwell Banker Residential Brokerage) — Sat, 17 May 2008 11:44:45 -0500

There are as of 10 May 2008, 239 active homes on the market with another 88 homes under contract for a total of 207. By calculating what percentage of that total the 88 homes under contract are you know if Roy is a buyers or a sellers market.

88 divided by 327 = 27%.

If the % is under 25 percent then it is a buyers market. If it's over 25% then it's a sellers market.

So Roy, UT is currently experiencing a seller's market.

To find out more about market conditions in Utah just give me a call at 801-540-3825

Harrisville City Market Report

Gerald Richards (Team One - Coldwell Banker Residential Brokerage) — Sat, 17 May 2008 11:43:19 -0500

There are as of 10 May 2008, 34 active single family homes on the market with another 15 homes under contract for a total of 49. By calculating what percentage of that total the 15 homes under contract are you know if Harrisville is a buyers or a sellers market.

15 divided by 49 = 31%

If the % is under 25 percent then it is a buyers market. If it's over 25% then it's a sellers market.

So Harrisville, UT is currently experiencing a buyer's market.

To find out more about market conditions in Utah just give me a call at 801-540-3825

Washington Terrace City Market Report

Gerald Richards (Team One - Coldwell Banker Residential Brokerage) — Sat, 17 May 2008 11:42:03 -0500

There are as of 10 May 2008, 31 active single family homes on the market with another 18 homes under contract for a total of 49. By calculating what percentage of that total the 18 homes under contract are you know if Washington Terrace is a buyers or a sellers market.

18 divided by 49 = 37%.

If the % is under 25 percent then it is a buyers market. If it's over 25% then it's a sellers market.

So Washington Terrace, UT is currently experiencing a seller's market.

To find out more about market conditions in Utah just give me a call at 801-540-3825

South Ogden City Market Report

Gerald Richards (Team One - Coldwell Banker Residential Brokerage) — Sat, 17 May 2008 11:40:52 -0500

There are as of 10 May 2008, 96 active single family homes on the market with another 29 homes under contract for a total of 125. By calculating what percentage of that total the 29 homes under contract are you know if South Ogden is a buyers or a sellers market.

29 divided by 125 = 23%.

If the % is under 25 percent then it is a buyers market. If it's over 25% then it's a sellers market.

So South Ogden, UT is currently experiencing a buyer's market.

To find out more about market conditions in Utah just give me a call at 801-540-3825

Hooper City Market Report

Gerald Richards (Team One - Coldwell Banker Residential Brokerage) — Sat, 17 May 2008 11:39:50 -0500

There are as of 10 May 2008, 77 active single family homes on the market with another 6 homes under contract for a total of 83. By calculating what percentage of that total the 6 homes under contract are you know if Hooper is a buyers or a sellers market.

6 divided by 83 = 7%.

If the % is under 25 percent then it is a buyers market. If it's over 25% then it's a sellers market.

So Hooper, UT is currently experiencing a buyer's market.

To find out more about market conditions in Utah just give me a call at 801-540-3825

North Ogden City Market Report

Gerald Richards (Team One - Coldwell Banker Residential Brokerage) — Sat, 17 May 2008 11:38:41 -0500

There are as of 10 May 2008, 149 active single family homes on the market with another 27 homes under contract for a total of 176. By calculating what percentage of that total the 27 homes under contract are you know if North Ogden is a buyers or a sellers market.

27 divided by 176 = 13%.

If the % is under 25 percent then it is a buyers market. If it's over 25% then it's a sellers market.

So North Ogden, UT is currently experiencing a buyer's market.

To find out more about market conditions in Utah just give me a call at 801-540-3825

West Haven City Market Report

Gerald Richards (Team One - Coldwell Banker Residential Brokerage) — Sat, 17 May 2008 11:37:25 -0500

There are as of 10 May 2008, 143 active single family homes on the market with another 45 homes under contract for a total of 188. By calculating what percentage of that total the 45 homes under contract are you know if West Haven is a buyers or a sellers market.

45 divided by 188 = 24%.

If the % is under 25 percent then it is a buyers market. If it's over 25% then it's a sellers market.

So West Haven, UT is currently experiencing a buyer's market that could turn into a sellers market very quickly.

Plain City Market Report

Gerald Richards (Team One - Coldwell Banker Residential Brokerage) — Sat, 17 May 2008 11:35:54 -0500

There are as of 10 May 2008, 78 active single family homes on the market with another 8 homes under contract for a total of 86. By calculating what percentage of that total the 8 homes under contract are you know if Plain City is a buyers or a sellers market.

8 divided by 78 = 10%.

If the % is under 25 percent then it is a buyers market. If it's over 25% then it's a sellers market.

So Plain City, UT is currently experiencing a buyer's market.

To find out more about market conditions in Utah just give me a call at 801-540-3825

Pleasant View City Market Report

Gerald Richards (Team One - Coldwell Banker Residential Brokerage) — Sat, 17 May 2008 11:34:33 -0500

There are as of 10 May 2008, 102 active single family homes on the market with another 15 homes under contract for a total of 117. By calculating what percentage of that total the 15 homes under contract are you know if Pleasant View is a buyers or a sellers market.

15 divided by 117 = 13%.

If the % is under 25 percent then it is a buyers market. If it's over 25% then it's a sellers market.

So Pleasant View, UT is currently experiencing a buyer's market.

To find out more about market conditions in Utah just give me a call at 801-540-3825

Riverdale City Market Report

Gerald Richards (Team One - Coldwell Banker Residential Brokerage) — Sat, 17 May 2008 11:33:03 -0500

There are as of 10 May 2008, 62 active single family homes on the market with another 12 homes under contract for a total of 74. By calculating what percentage of that total the 12 homes under contract are you know if Riverdale is a buyers or a sellers market.

12 divided by 74 = 16%.

If the % is under 25 percent then it is a buyers market. If it's over 25% then it's a sellers market.

So Riverdale, UT is currently experiencing a buyer's market.

To find out more about market conditions in Utah just give me a call at 801-540-3825

West Point City Market Report

Gerald Richards (Team One - Coldwell Banker Residential Brokerage) — Sat, 10 May 2008 11:47:50 -0500

There are as of 8 May 2008, 58 active homes on the market with another 22 homes under contract for a total of 80. By calculating what percentage of that total the 22 homes under contract are you know if West Point is a buyers or a sellers market.

22 divided by 80 = 28%.

If the % is under 25 percent then it is a buyers market. If it's over 25% then it's a sellers market.

So West Point, UT is currently experiencing a seller's market.

To find out more about market conditions in Utah just give me a call at 801-540-3825