new construction: Highly Recommended Exclusive Buyer's Agent
- 09/17/13 11:04 AM
Ben was recommended to us by friends of ours who previously used his services to purchase a house. We knew when we would begin looking and also knew from our friends that he only accepted a limited number of clients at a time. So, we called him early in order to reserve his services a few months down the road. Even though we were not officially signed with him, he spent time answering our questions and helping to get us prepared for the process of buying a house. As we had a house to sell, and didn't know where to start with that, … (0 comments)
new construction: "We Wanted to Make Sure We Had an Agent We Could Rely On"
- 10/25/11 01:26 PM
Prior to working with an EBA, we had been involved in four other real estate purchases and three sales and had developed some skepticism toward realtors in general. This most recent move was our first that wasn’t just to another part of town. This time, we were to move ourselves, our five kids, our dogs and our cats 300 miles. We wanted to make sure we had an agent we could rely on. We shopped extensively and even spoke to a few agents before we found Homebuyer Representation on the web. We felt good about working with our EBA from the … (0 comments)
new construction: Owning Becomes More Attractive as Rent's Rise, Home Prices and Interest Rates Fall
- 04/09/09 06:48 PM
Demand for rental homes and units in many parts of the country is on the rise as many homeowners who are unable to refinance their mortgages to today's lower rates because their property values have declined have sold their homes "short" or left them altogether after foreclosure. Increased restrictions for obtaining mortgage financing (high credit scores and larger down payments) have also reduced the pool of renters who "qualify" for homeownership. As demand rises for rental units, the cost of renting should rise. As inventory of homes available for purchase grows, and demand shrinks (or is reduced due to a smaller … (1 comments)
new construction: $6,000 Utah Grant for New Construction Not Just for First Time Homebuyers - Does Not Have to be Repaid
- 03/20/09 06:17 AM
The State of Utah is offering purchasers of new construction a $6,000 grant that does not have to be repaid. You do not have to be a first time home buyer to qualify, but there are a few limitations. Here are the basics of the "Home-Run" grant: Does the amount of the grant vary? Is it up to $6,000? No. The amount of the grant for qualified applicants will always be the full $6,000. Does it have to be re-paid? No. The $6,000 grant does not have to be re-paid. Do I have to live in the home? Yes. The … (5 comments)
new construction: The Great Housing Bust of 2008
- 10/02/08 10:28 AM
Harry Dent predicted our current situation when he showed that a slowdown in the birthrate 25-35 years ago would lead to fewer people entering the housing market to buy homes. It is those new buyers who fuel the growth of the rest of the residential real estate market. If you look at the following graphic and imagine the following scenarios, you can see how the cycle speeds up or slows down. (We'll scale down the numbers to make them conceivable)
Imagine a "normal" or traditional sum of about 10,000 first time buyers entering the market yearly. (Remember, we scaled this … (7 comments)
new construction: Why fewer housing starts in Salt Lake is a good thing.
- 08/19/08 02:44 PM
I know you know this, and I know this, but the media doesn't seem to get this... Fewer housing starts are a good thing! (Well, at least for now.) Remember how builders overbuilt and there was a glut of inventory on the marketplace? Remember how builders were offering the craziest incentives rather than lower their asking prices? Remember how appreciation all but ceased as thousands of overpriced homes sat on the market? Well, it would appear that the excess inventory in the Salt Lake Real Estate marketplace is shrinking. Both existing and new construction. The fact that builders have slowed production … (1 comments)
new construction: Salt Lake Real Estate Update: Number of Sales Down - Prices Slightly Up
- 05/02/08 07:07 PM
First Quarter 2008 showed only small improvement in home prices and the number of SOLD homes was also down. Fourth Quarters and First Quarters are historically low, while Second Quarters and Third Quarters are historically higher with regards to the number of SOLD homes reported. There has been increased activity over the past few months, with Buyers who held off purchasing in the Fall and Winter, joining those who would normally be purchasing at this time of year. Still, there is a surplus of inventory, but recent reports show that new construction has slowed and new construction surplus inventory is shrinking. … (1 comments)
new construction: Salt Lake Market Guestimates
- 01/02/08 12:04 PM
An ActiveRain Friend asked the following: "I was reading an article that said the Midwest is starting to get a little better,but that the States out by you are going to feel the brunt coming on a little more now. How is the market by you? I was thinking of moving in the future, and I like that area. Is the market getting softer for listings?" 2007's final statistics should be out soon and this is what I think they will say: The total number of Sold listings is down (either slowing, or at a minimum, less percentage are selling than last year) Homes that aren't … (0 comments)
Ben was recommended to us by friends of ours who previously used his services to purchase a house. We knew when we would begin looking and also knew from our friends that he only accepted a limited number of clients at a time. So, we called him early in order to reserve his services a few months down the road. Even though we were not officially signed with him, he spent time answering our questions and helping to get us prepared for the process of buying a house. As we had a house to sell, and didn't know where to start with that, … (0 comments)
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