December 2008

Found 8 blog entries for December 2008.

How does a short sale or foreclosure affect me and my credit?

That is the question that many people are asking. Times are statistically tough for many during this recession and people want to know what their options are and what they need to do. Im not a lawyer but this is what I am seeing in the loan world and in the credit arena.

My rule of thumb is always the following when it comes to making payments:

1. Always make your payments and fulfill your obligations.

2. If things are tough and there is no way out, call your lender BEFORE things are bad and before late payments are made. Always call your lender if you are going to be late. This is the same rule with landlords and tenants. The tenants that call the landlord and tell them things

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How does a short sale or foreclosure affect me and my credit?

That is the question that many people are asking. Times are statistically tough for many during this recession and people want to know what their options are and what they need to do. Im not a lawyer but this is what I am seeing in the loan world and in the credit arena.

My rule of thumb is always the following when it comes to making payments:

1. Always make your payments and fulfill your obligations.

2. If things are tough and there is no way out, call your lender BEFORE things are bad and before late payments are made. Always call your lender if you are going to be late. This is the same rule with landlords and tenants. The tenants that call the landlord and tell them things are

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You have seen the headlines "Why Pay 6%? Save $2,000 to $4,000!"

Did you really end up saving? Lets take a look at a couple scenarios.

Sometimes its tough to really know, many times you will never know. Why? Because there rarely is the exact same home for sale at the exact same time as each other listed with different brokerages. But we found some for you to look at. These two homes were on the market at the exact same time and were considered competition as they were exact comparables.

EXAMPLE A: This home was listed with a discount brokerage, and 2 different nation wide traditional brokerages.

Time on market: 470 Days

Net to seller after paid closing costs: $206,200

EXAMPLE B:

This home was listed with a Discount Brokerage for 6

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Current Situation…and the CRYSTAL BALL for the future

A week ago we were talking in our office about demand. We have been watching ‘pending’ home sales decline and decline. This is typical during this time of year. Generally 1rst quarter after 4th quarter is where it bottoms out. So we thought, when was the last time home sales have been this low? We can’t find data that goes back that far. We speculated it must be as far back as the 1980′s. It also seems like the demand should be there to buy homes, but where are the buyers? We speculated as well that the demand is there and that it would arise soon. Im not an economist (Im a salesperson, I sell real estate not analyze numbers, we are diffrent breeds) and I dont have the data they do, so I looked

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Utah Housing Market Update for 2009

Current Situation...and the CRYSTAL BALL for the future

A week ago we were talking in our office about demand. We have been watching 'pending' home sales decline and decline. This is typical during this time of year. Generally 1rst quarter after 4th quarter is where it bottoms out. So we thought, when was the last time home sales have been this low? We can't find data that goes back that far. We speculated it must be as far back as the 1980's. It also seems like the demand should be there to buy homes, but where are the buyers? We speculated as well that the demand is there and that it would arise soon. Im not an economist (Im a salesperson, I sell real estate not analyze numbers, we are diffrent breeds) and I

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Who’s in your Home and What are they really doing there?

Our local Realtor’s association posts warnings time and time again about people who have been stealing medicine in cabinets, staking out homes, or are just up to no good.

3 Ways in keeping your home safe from these types of predators.

1. Utilization of a REALTOR Keybox. (Dont use a code keybox.) Most REALTORS utilize a keypad that they have to update through their computer weekly. If they dont update the keypad they cant gain access to homes. They also are given their own pin number to use the keypad. Whenever someone accesses your home via a REALTOR Risco Keypad system, it is logged for the listing agent and the board to know who gained access. This way you will only have authorized people

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Strangers in your Home, when it is for sale! Watch out! Who's in your Home and What are they really doing there?

Our local Realtor's association posts warnings time and time again about people who have been stealing medicine in cabinets, staking out homes, or are just up to no good.

3 Ways in keeping your home safe from these types of predators.

1. Utilization of a REALTOR Keybox. (Dont use a code keybox.) Most REALTORS utilize a keypad that they have to update through their computer weekly. If they dont update the keypad they cant gain access to homes. They also are given their own pin number to use the keypad. Whenever someone accesses your home via a REALTOR Risco Keypad system, it is logged for the listing agent and the board to know who

620 Views, 0 Comments

Top 3 Areas & Price Ranges to Sell a home in Utah

You can sell your home for top dollar and within 45 days if you are in these areas. You also have the opportunity to buy more house with less money if you are trading up into a bigger house. Rates today were as low as 5%. Sellers in these areas are prime to take advantage of making money in today's market.

1. Salt Lake City 84105 Zip Code $100k-$200k

List of Homes for Sale

Home Sold History

2. Sandy 84094 Zip Code $100k-$200k

List of Homes for Sale

Home Sold History

3. Taylorsville/SLC Zip Code 84123 $100k-$200k

List of Homes for Sale

Home Sold History

4. Salt Lake City 84105 Zip Code $200k-$250k

List of Homes for Sale

Home Sold History

5. Salt Lake

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