February 2009

Found 5 blog entries for February 2009.

Top Places in Utah to Sell a Home! (Salt Lake County Top Spots)

If you live in one of these areas, you are in a hot spot! While most areas of the country are doing anything to sell...you can get top dollar for your home! If you are a buyer looking to buy in these areas, yes you may be paying more as you won't have as much negotiation room. But you can count on being able to sell your home if you ever needed to. These areas are Utah's Hot Spots for selling homes right now.

It is possible in any area to sell a home within a month. We have been doing that all year. The timeframe on the areas below represent with the current demand how fast it would take to deplete all the inventory on the market. 4-6 months of inventory represents a normal market.

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Watch Out! Buyer Just Lost $2,000 when backing out of buying a home! It Happens to Many Buyers!

Ouch! No one wants to lose money when backing out of a home. It happens often where the buyer’s financing doesn’t go through, they lose a job, or they get buyer’s remorse about buying a property and back out. There are many different reasons why a buyer may back out of buying a home. However, there are keys to keeping your earnest money. Please remember this disclosure. Im not a lawyer. Im a real estate broker. The law is clear for real estate brokers to be in charge of the earnest money. There are rules that we have to abide by regarding earnest money.

What is Earnest Money? Earnest Money is a deposit you put down on a home. The amount shows how willing

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Watch Out! Buyer Just Lost $2,000 when backing out of buying a home! It Happens to Many Buyers!

Ouch! No one wants to lose money when backing out of a home. It happens often where the buyer's financing doesn't go through, they lose a job, or they get buyer's remorse about buying a property and back out. There are many different reasons why a buyer may back out of buying a home. However, there are keys to keeping your earnest money. Please remember this disclosure. Im not a lawyer. Im a real estate broker. The law is clear for real estate brokers to be in charge of the earnest money. There are rules that we have to abide by regarding earnest money.

What is Earnest Money? Earnest Money is a deposit you put down on a home. The amount shows how willing and

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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

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Tricks to Refinancing your home...even if you dont qualify!

Many people are taking advantage of refinancing! I mean this is history right now with lowest rates in decades! But what about those who are in their home and aren't sure if they qualify? Here are the tricks to refinancing.

1. Where do I get the best rates?

You can shop around! However, it is confusing as some people say they will give you no costs. I know one person that told me, I got the greatest deal with no costs but his interest rate was pretty high. Don't fall for no costs. Be sure to compare APR's as those will include costs. The best place we have found closing costs and rates have been local mortgage broker. Tim Peterson tim@rightsidelending.com or Sandy Lowe

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