Real estate incentives not just for first-time buyers-President's message - 10/13/09 08:29 AM
Real estate incentives not just for first-time buyers-President's message
With the government's $8,000 incentive for buying a home, a real estate purchase naturally makes sense for first-time buyers who qualify for the tax credit. But today's market also provides less-obvious benefits for those who already own a home.Although they won't be able to take advantage of the first-time home buyer tax credit if they currently own their primary residence, they will be able to reap the benefits of lower home prices and fantastic mortgage rates.While some existing homeowners may be anxious to trade in their current home for a new one … (2 comments)

Utah economy on the road to recovery-President's message - 10/13/09 08:25 AM
Utah economy on the road to recovery-President's message
Utah's economy is currently facing challenges, but the state is well-positioned for an economic recovery. That was the message of the director of the University of Utah's Bureau of Economic and Business Research in a presentation to Utah Realtors on Tuesday.
        "Utah's fundamentals are still in place," said James Wood. "Once growth resumes, Utah will outperform most states."       
Among those fundamentals are
1) The state government's fiscal responsibility2) The state's transportation infrastructure3) Population growth 4) Quality of life and 5) A quality and cost-effective workforce       
Wood says Utah's recovery will coincide with that … (0 comments)

Tips for Getting a Fair Appraisal-President's message - 10/03/09 06:27 AM
Tips for Getting a Fair Appraisal-President's message
Bob and Mary thought they'd found their dream home, especially when they made an offer and the seller accepted it. All the closing preparations appeared to be moving smoothly until the appraisal came back significantly lower than the price they'd offered to pay, thereby jeopardizing their chances of getting financing on that particular property.
    The home appraisal is a vital part of both the home buying and mortgage refinance processes, because buyers and lenders need to be assured that the purchase price or loan amount is in line with the home's market value. … (3 comments)

Want A Loan For A Fixer Upper?-Try FHA ! - 10/03/09 06:23 AM
Want A Loan For A Fixer Upper?-Try FHA !
Corie Seymour's blog on getting a loan for a fixer upper that allows the home buyer to include the cost of the improvements to the FHA loan  was an eye opener.
The loan has always been available, but was so difficult for the buyer to package that we had almost forgotten about it.
Now if you keep the home improvements under $31,000 it's a piece of cake.
At least that's the way that Doug Walker explained it in Cories blog.
Not only have we sold some Tooele homes that would have been perfect for … (2 comments)

 

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