I was cleaning my files from my PC and found this script from my first You Tube Video. I thought it would make a blog .
Are you Thinking about buying a Home? Have you heard about opportunities in Real Estate Investing ?
We have the knowledge and experience necessary to walk you through any Real Estate Transaction!
Questions about Buying a home or obtaining financing. We can answer most questions or concerns you have about buying Real Estate in Salt Lake County.
1. How do I get a loan or obtain financing for my new home?
The first step is to talk to a loan officer and ask for a pre qualification letter. Contact a loan officer who specializes in FHA financing. Most lenders can help you over the phone and by email. We know several lenders who can help you get a loan. You may need someone to show you how to repair your credit and start you on the road to Home Ownership.
2. What do I do if my Credit needs Repairs and I can't get a loan?
Ask your lender for your Credit Report. Identify the areas that need to be repaired and work with your lender on ways to fix your credit. Set a goal with your lender and work towards the American Dream of Home ownership. Ask us about lenders who will work with buyer's to repair credit issues.
3. We have received many questions about buying a Short Sale, Bank Owned or HUD Properties in Utah.
Many buyers are interested in finding properties that are priced below current market values. The best Homes are often Under Contract within a day of being listed. Before you start to look at home, talk to a lender and get a Pre qualification letter. Most home sellers require a copy of this letter before they will accept or even consider your offer. This is important for finding and submitting offers on discounted properties. I have known home buyer's lose a home because they didn't submit a pre approval letter with the offer.
A Bank Owned Home or Hud home can be sold quickly and usually if asked for in initial offer will include repairs and 3% in closing costs.
Short sale listings can take longer. This is because the Bank or third party must approve the purchase price and conditions of the contract. Home Buyer's can purchase a short sale home at a great price if they will be patient and be willing to negotiate the final conditions. You should consider buying a short sale if you have time to wait for a home.
Buying a HUD home is a little different. You must submit a bid. The home is usually sold to the highest bidder after a short waiting period. HUD and Bank Owned Homes in Utah usually always sell for the asking price and many properties that have multiple offers sell for much higher.
4. Is It a good time to Buy MY First Home? Is it a good time to buy investment property?
The answer is yes to all. Here is Why.
Predictions from all sections of our housing and mortgage industry state that our countries economic recovery has begun. Interest Rates are at historical lows. Interest Rates are expected to rise beginning this year. Home prices have hit bottom and will slowly start to inch back up. Our Real Estate market is saturated with opportunity.
5. I am Renting my home now. How much will my payment be on a single family home or condo?
If you are renting. You really should talk to a professional about buying a home. Why pay for something that you will never own?
Payment on a home priced at $150,000.00 would be about like renting a small apartment in Sugarhouse. You receive a Huge Tax break by buying a home. Payments on a home priced at $200,000 would not more than $ 1100.00 per month.
BRETT BUTLER- LINDASECRIST & ASSOCIATES - EVERYTHING THEY TOUCH TURNS SOLD1
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