utah: Who is Fannie and Is She Related to Freddie? - 06/23/08 04:58 AM
Both nationally and here in Utah, the real estate market is changing and so is the mortgage market.  Over the last year or so the number of Utah foreclosures have been increasing and there is always a headline about the mortgage crunch.  As Utah real estate consumers, residents, and homeowners, we hear the terms FannieMae and Freddie Mac, and when listening to the newscaster or radio broadcaster talking it is easy to cloud over the details and just here the words "real estate", "buying", "mortgage", "FannieMae", and/or "Freddie Mac".  I had to laugh the other day, as my close friend and … (0 comments)

utah: The Salt Lake Farmer's Market - It Doesn't Get Much Better! - 06/02/08 03:00 AM
It is impossible to list all the amazing things about this Farmer’s Market in Salt Lake. Being a realtor in the Salt Lake area I see what kind of pull and attraction it has for Salt Lake homeowners, residents and prospective real estate purchasers. It is one of the larger Farmer’s Markets in the area and just filled with such incredible treats, produce, and plenty of “Utah atmosphere.”
 
A few things that stick out about the Salt Lake Farmer’s Market as well as all the others across the country.
1. Less gas getting products to market place is better for … (0 comments)

utah: Is It Really A Buyer's Market? - 05/12/08 02:51 AM
Both nationally and here in Utah, the real estate market is receiving a lot of media attention as inventory has been climbing and prices have been decreasing.  Both factors are signaling that we are moving towards a buyers market. 
 
People often ask if this is true in our Utah real estate market.  Although, we have been shielded a bit, fairing much better than that displayed in much of the national real estate statistics, we are still moving away from being within a true seller's market.  Periodically, the average Utah prices, increases, and decreases have been featured in this blog.  If … (1 comments)

utah: Aspen Creek Realty Featured Listing of the Week, 1.15 Acres in Davis County - 05/08/08 07:30 AM
Are you in the market to buy some real estate in Davis County, Utah where you can build the home of your dreams?
Don't look any further, you can build you dream home in the exclusive Stone Ridge on Bountiful's east bench.  Gorgeous panoramic views of the valley and lake.  The property is sloped to accomodate a daylight basement with views from all levels.  You can access this great property off of Stone Ridge Drive.  
Location: 1596 S. Stone Ridge Drive, Bountfiul, UT
Price: $419,100 
Acreage: 1.15
Water: Culinary Stubbed
Sewer: Public Stubbed
Schools: Boulton Elementary, Mueller Park Middle, Bountiful High 
 
Please call for further details on … (0 comments)

utah: Utah Real Estate, 1st Quarter 2008 As Compared To 1st Quarter 2007 - 05/08/08 06:57 AM
 
Salt Lake County, Utah - Sales Up 0.28% -  Average Sale Price $287,119 Utah County, Utah - Sales Down 3.37% -  Average Sales Price $265,056 Wasatch County, Utah - Sales Up 25.26% -  Average Sales Price $483,726 Davis County, Utah - Sales Up 5.58% -  Average Sales Price $254,862 Park City, Utah - Sales Down 6.99% - Average Sales Price $1,127,138   As a whole the real estate market in the state of Utah had a 1.2% decline in the number of sales as compared to Quarter 1 2007.  But overall, as you can see from the numbers above, the majority of our area communities are … (0 comments)

utah: How Should the Utah Buyer Approach a Short Sale? (Part 2 of 2) - 04/28/08 02:40 AM
A few more tips for the Utah Buyer.  If you find you still have more questions about how to approach a short sale or foreclosure, please just give me a call, I'd love to help!
 
•·         As we discussed in the last short sale blog, negotiating a short sale property in the Utah real estate market can be time consuming.  So use the help of an experienced Utah real estate agent and give the seller's lender a deadline.  If the lender doesn't get back to you within the given time frame, take a look around the market and see what else is … (0 comments)

utah: Is Your House Still For Sale? - 04/21/08 05:57 AM
 
If you are thinking to yourself,
My house is not that old and ALWAYS immaculate.It has tile, hardwood, and updated kitchen and bathsIt is in a very desirable Utah location. I worked with a Utah Realtor and priced it right where he or she advised. Then it might just be that your Utah home is missing something that all buyers are looking for. 
 
Some vision! 
 
Can prospective Utah buyers envision themselves living in your home? 
If not, you need to help them!  Here are a few “do-it-yourself” projects, all under $500, that may help … (0 comments)

utah: How Should the Utah Buyer Approach a Short Sale? (Part 1 of 2) - 04/14/08 03:45 AM
A Few Tips For the Utah buyer:
 
Keep in mind that short sales do not only occur because of an anticipated foreclosure.  Sometimes a lender will accept a short sale if the value of the property has fallen and/or if the seller owes more than the property is worth in the current Utah real estate market.  So the sellers may not have defaulted on their mortgage. The lender is generally only willing to accept a short sale for a property to bring the price in line with other comparable homes on the market.  Not below them.  So I wouldn’t spend … (0 comments)

utah: Great Place to Call Home! 6966 W. Dylan Loop, Herriman - 04/11/08 01:33 AM
This darling home in Hamilton Farms has to be seen! Spacious floor plan. Big rooms, loft area, and huge walk in closets. 3 bedrooms, 2.5 baths! Within walking distance to elementary school. Mountain views. One of the biggest yards in Hamilton farms.  Being offered for only $274,500. Call for more details or visit my website for a more detailed report. 
 
 
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utah: Utah Short Sales - 04/11/08 01:11 AM
Recently, I posted a blog about foreclosures being on the rise in Utah and provided a quick terminology list of common foreclosure terms.  That blog generated some great interest and also prompted some questions about short sales.  It seems many people are wondering exactly what a short sale is and how it differs from a foreclosure? 
 
What is a short sale?
A short sale occurs when a property is sold and the lender is willing to accept less than the current payoff.  The lender releases the lien even though they are receiving less than what is actually owed against the … (0 comments)

utah: First Quarter Real Estate Update - Utah - 04/11/08 01:08 AM
If you are anything like me, you are probably reading over your emails this snowy morning and wondering when the “real” spring is going to visit us here in Utah.   I say “real” because Spring has obviously come as far as the calendar is concerned, but when stepping outside, we can all clearly all see that winter is hanging around for at least a little bit longer. 
As promised last week, please find the first quarter 2008 real estate update for our area counties below.   I always find it interesting to see the differences from one county to the next.   … (0 comments)

utah: Foreclosure in the Utah Real Estate Market - 04/11/08 01:04 AM
Over the past few years national foreclosure statistics have been on the rise. 
Whether reading the newspaper, watching the news, or surfing the internet, the number of foreclosures and short sales made headlines.  Due to our strong economy and desirable real estate locations, foreclosure trends in the Utah real estate market were at a slower pace when compared to the national average.   In 2008 it’s evident that’s no longer the case, as foreclosures are beginning to have a greater impact on our Utah real estate market.  Realtytrac.com is reporting that one in every 678 Utah households has foreclosure filings, which … (0 comments)