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.

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

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

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

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

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

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

Looking for a home? 3 things that people naturally do that end up making you pay more money for your home!

You drive by a home, you are excited, it is in the right neighborhood, so you call the sign or the homeowner at the property. Can we see it? We are right here? You go inside the home. Wow, honey, it is great. We’ve seen alot of homes and not many look like this. Wow..this is incredible. You leave the home. You want to come back and show your friends or family before you write an offer. You come back. Isnt it great everyone? What do you think? Think we should do it? Then you write an offer. While you write an offer you drive by it…honey lets drive by our house. So this is the natural process that people go through. Its emotional and exciting and

Looking for a home? 3 things that people naturally do that end up making you pay more money for your home!

You drive by a home, you are excited, it is in the right neighborhood, so you call the sign or the homeowner at the property. Can we see it? We are right here? You go inside the home. Wow, honey, it is great. We've seen alot of homes and not many look like this. Wow..this is incredible. You leave the home. You want to come back and show your friends or family before you write an offer. You come back. Isnt it great everyone? What do you think? Think we should do it? Then you write an offer. While you write an offer you drive by it...honey lets drive by our house. So this is the natural process that people go through. Its emotional and exciting and

Sales have hit an 8 year slump. Now the big question has been, how does the rest of the year look. People are asking...should I wait to buy.

Lets take a look.

THE GREEN LINE is amount of new listings on market.

THE BLUE LINE is our average price.

THE RED LINE is the number of homes sold per quarter. (Graph made by Wasatch Front Regional MLS)

ABOUT THE GRAPH:

As you can see Salt Lake has hit an all time low for sales. The reason why this has happened is largely due to the loan credit crisis. Loans have changed and many of our clients that bought a home a year or two ago are stuck. They cant buy another home with current loan guidelines. A second reason but not as important is out of state sellers having a difficult selling their home

Zillow has become quite popular for many people looking up to see what their home is worth. But is it accurate in Utah?

Utah is a NON disclosure State while other states are Disclosure states. What does this mean?

Many other states have laws that require when someone sells their home that they have to report to the state what the home sold for. This is called a disclosure state. In these states Zillow can pull off information from the state records and come up with a fairly close method of knowing what homes are selling for in that area.

Utah on the other hand is a Non disclosure state. Our state sends you in the mail a form saying they are required by state law to find out what you sold your home for. Many people just throw this away because we