Utah County Home Inspection Well, you just made an offer on a beautiful new Utah County Home.  You are excited about the possibilities that this new home is going to bring to you and your family.  Don't let this dream turn into a nightmare because you decided not to spend a little extra money on a Utah County Home Inspection. A study conducted by the American Society of Home Inspectors and the NAR in 2001 found that 77% of all homebuyers insisted on a Home Inspection prior to purchasing their property, and 97% of that group believes the service was a good value for the price. Next to the financial contingency in the Real Estate Purchase Contract, the Utah County Home Inspection is the most reason you need to consider before purchasing the home.  This is where you have the right to back ... 12/21/2009

We need Positive Price Action to confirm market bottom.  One month of price improve isn't sufficient to confirm the market bottom.  We need to see appreciation month over month for three months. PRICE ACTION   Other good signs in addition to positive price action is lower DOM (days of the market), lower new listings and higher percent of new listings being SOLD.    SUMMARY Currently we are not seeing the needed positive price action (along with other indicators) to confirm a market bottom.  This is NOT a good time for those with low and/or no risk tolerance to purchase.  High and medium risk tolerant investors are making buying decisions and are doing some bottom fishing.  Some are trying to time the market and market timing is risky.  Trying to time the bottom is not for the inexperien... 11/01/2009

Utah County Bank Owned Properties - Utah County Real Estate Banks are not in the business to hold onto an inventory of homes.  They want to get rid of these homes yesterday.  This makes for a great opportunity for you, the Utah County Home Buyer or investor, because most of these homes are well below market value.  Once the bank owns the property they will handle eviction if any, take care of some repairs, pay past HOA and/or other maintenance dues, and then will negotiate with the IRS, removal of tax liens, if any. How do banks sell REO's (Real Estate owned by the bank?) Most banks have an REO department that handles the sale of these properties.  They certainly would like to get the best price of course.  When you make an offer, the banks will usually make a counter offer.  Don't be s... 10/25/2009

Utah's Oldest and Largest Infrared Home Inspection Company Alamo Infrared Home Inspections established in 1986 200% Money Back Gaurantee 801-651-5484 visit our website 10/04/2009

Refinance or Upgrade your Utah County Home With the Utah County Real Estate market going through all the changes it is presently going through, many new questions start to come up.  Should I buy a new Utah County Home?  Should I re-finance my present Utah County Home?  Should I rent out my present Utah County Home and Upgrade to a new Utah County Home?  The scenario I see quite often these days is the later.  Many of my Utah County Home Buyers are looking into renting their present home due to the high demand that there is for rentals.  Once they find a good qualified renter, the next step is to take advantage of the great deals available on new Utah County Homes and the low interest rates that make it possible to upgrade and keep their payment reasonable. The re-finance scenario is mor... 09/13/2009

Utah County Home Loans and Mortgage Rates - Utah County Real Estate The Federal Reserve has cut the interest rate to an all-time low and Utah County mortgage rates have followed.  I believe we will continue to see this trend throughout the New Year.  With 30 year rates hovering around 5%, many Utah County first-time home buyers (Don't forget the $8,000 Tax Credit, ending December 1st) and investors are considering coming out of the closest.  Should the Utah County home buyer take action now, or should they wait for further lowering of Mortgage rates?  My belief is that rates will go lower but not much, so what advantage would the home buyer have of waiting for the quarter or half percent that might come.  Now is the time to take action. With an abundance of short sale and bank owned pro... 09/01/2009

Utah County Mortgage Rates and Annual Percentage Rate (APR) Many borrowers don't understand that there is a difference between the Utah County Mortgage Rate and the Annual Percentage Rate (APR).  The Utah County mortgage rate is the base rate usually associated with a mortgage.  The APR of a loan is supposed to be an overall interest rate with all the applicable closing costs factored in.  Unfortunately, not all lenders include the same costs so not all APR's are created equally.  Use the APR as a general guide to the overall cost of the loan but keep in mind that you have to look at the details of what's included to be sure. Search Utah MLSUtah County Real Estate  Utah County Homes   Utah Realtor Utah Homes Utah Homes For Sale Provo Real Estate WS Orem Real Estate WS Utah Homes 4 Sale ... 08/11/2009

Utah County Home Loans and Private Mortgage Insurance (PMI) - Utah County Real Estate Private Mortgage Insurance (PMI) is the safety net of the lender.  PMI benefits lenders because it guarantees payment on the balance of loans not covered by the sale of foreclosed properties. If a borrower makes a down payment of 20% of the cost of the home, the lender can generally trust that he will make his mortgage payments faithfully to protect a large investment. In this case, the lender comes out ahead if the borrower is forced to foreclose on his house, because the lender loans 80% of the cost of the house, but will probably recover 100% of the cost of the house. But, if the borrower makes a smaller down-payment, such as 3%, 5% or 10%, and borrows the rest, and then defaults on his loan, the le... 08/04/2009

Utah County Real Estate Home Buying #1 Factor When it comes time to purchase a new home in Utah County, the question always comes up, should I sell my old home before I buy the new one?  Depending on your credit situation and your ability to qualify for two loans, this question could be easily resolved.  We will assume you have excellent credit and can do whatever you please.  It is always better to have your present home sold before you make an offer on the new home.  If you have an offer with a contingency of selling the old home, the seller will be less likely to accept the offer or allow better terms.  You will always be in a better bargaining position if you were able to move in without delay.  Credit terms on you new loan will also be better based on you living in the new home as ... 07/29/2009

Utah County Home Buyer Inspections Well, you just made an offer on a beautiful new home in Utah County.  You are excited about the possibilities that this new home is going to bring to you and your family.  Don't let this dream turn into a nightmare because you decided not to spend a little extra money on a Home Inspection. A study conducted by the American Society of Home Inspectors and the NAR in 2001 found that 77% of all homebuyers insisted on a Home Inspection prior to purchasing their property, and 97% of that group believes the service was a good value for the price. Next to the financial contingency in the Real Estate Purchase Contract, the Home Inspection is the next most important thing to consider before purchasing the home.  This is where you have the right to back out of th... 07/19/2009

Real Estate in American Fork was actually one of several to have a small increase in number of homes sold.  Even though only three more homes sold, it was still an improvement.  On the other hand, prices continued to decline with median sold price down 6.5% and average sold price down 16.2%.  American Fork Real Estate inventory is currently at 9.3 months. 07/08/2009

As a home buyer, it only makes sense to try and get the lowest rate possible when obtaining a Home Loan.  After all, the rate is the primary factor in determining your house payment.  But how do you get a low rate when applying for a home loan?  This is the primary question that most home buyers want to know.  I would like to explain some important ideas that you need to keep in mind. Credit Score One of the primary factors in helping to determine your interest rate is your credit score and financial history.  In other words the best interest rates are usually reserved for those with the highest credit score.  So if you credit score is not very high the chance of getting a lower interest rate is not very good.  It is very important,  that,  prior to applying  for a home loan, you pay al... 07/08/2009

Buying your first home?  , maybe your second, well this can be a wonderful experience for you or this could be a disaster.  It all depends on how prepared you are when the process starts.  Your first step is getting Pre-Approved. Financing a home can be a difficult process for you, especially finding the right loan.  What you need to be concerned about is not getting the financing, but getting the right financing.  You will want to find the best terms at the lowest cost.  You will want to meet with a loan officer to review your financing options;  you will need to meet with a lender who can explain all of the different types of loans that you will be able to afford as well as the program that will help you meet your goals.  Once you determine with the lender how much you can afford, you... 06/27/2009

One of the most accessible sources of comparable sales is the public record.  When someone buys a home the property is deeded from the seller to the buyer.  In most circumstances, this deed is recorded at the local county recorder's office.  They combine sales data with information already known about the property so they can assess property taxes correctly. Accessing the data can be somewhat difficult for the general public.  Realtors gain access through title insurance companies.  The title companies either compile the data directly from the county recorder's office or purchase it from other companies.  One problem with the public record is that it tends to run a little behind.  By the time the consumer is able to access the information it has generally been 10 to 14 weeks since the f... 06/12/2009

The Home selling price is determined by taking into consideration a number of different factors.  First and probably the most important factor is the selling price of comparable homes in the homes selling area.  Other factors include the current trend in the market, the availability of homes for sale in the area and the urgency of the seller. Obviously, the lower the selling price the quicker the home will sale. Other factors to take into consideration include: ·         Average selling price per square foot of homes in the same area. ·         Major improvements to the home, such as swimming pool and other additions can add to the overall value of the home. ·         Interior and exterior amenities can be beneficial to an increase in selling price. ·         The general condition of yo... 06/07/2009

It is so important to stay positive in today's Real Estate market.  We have grown accustomed to a volatile market.  Homes sales seem to follow right along with how the DOW is going.  But we need to maintain a positive attitude, Realtor's as well as Home buyers and sellers. We each need to cheer the other one up and keep things going.  I have found that I have my best success during bad times.  So many of my fellow Real Estate agents get caught up in how bad things are going that they go right with the flow.  We need to set ourselves apart from those who get themselves down.  It is important to follow a couple of simple guidelines. ·         Make sure you always have a smile on your face.  This will at least encourage a PMA, which should carry over to our clients. ·         Ask how the o... 05/28/2009

Well the time has come for you to sell your home; it could be for a variety of reasons.  Perhaps you need more space for an expanding family maybe your current home just doesn't fit your needs anymore.  Maybe the reason is much more stressful such as a divorce or any unexpected job relocation.  The last thing you need during this time is someone helping you sell your home that is unprofessional or doesn't understand the current real estate market. When you are selecting a Realtor, make sure you find someone whose personality is not in line with yours.  Even if the agent has terrific credentials and has sold a lot of homes over the years, they may not make you feel comfortable.  You will be dealing very closely with your Realtor every day, so choose wisely. Most important, you want a Rea... 05/22/2009

Narrow your home search by identifying neighborhoods that are right for you. This helps keep your search focused and efficient. Your local REALTOR® can offer neighborhood information to guide you in your search. When evaluating a neighborhood you should investigate local conditions. Depending on your own particular needs and tastes, some of the following factors may be more important considerations than others: •·         quality of schools •·         property values •·         traffic •·         crime rate •·         future construction •·         proximity to schools, employment, hospitals, shops, public transportation, prisons, freeways, airports, beaches, parks, stadiums and cultural centers such as museums and theaters Neighborhood Search Strategies for Limited Budgets If you're a ... 05/15/2009

As a home buyer, it only makes sense to try and get the lowest rate possible when obtaining a Home Loan.  After all, the rate is the primary factor in determining your house payment.  But how do you get a low rate when applying for a home loan?  This is the primary question that most home buyers want to know.  I would like to explain some important ideas that you need to keep in mind. Credit Score One of the primary factors in helping to determine your interest rate is your credit score and financial history.  In other words the best interest rates are usually reserved for those with the highest credit score.  So if you credit score is not very high the chance of getting a lower interest rate is not very good.  It is very important,  that,  prior to applying  for a home loan, you pay al... 05/09/2009

Buying a foreclosed home can net big profits for several different types of buyers. These buyers include homebuyers looking for a bargain deal, those looking to create rental properties for revenue, and those looking to flip houses by fixing them up and selling for profit. If you fall into one of these categories, take a look at the tips below to help you find the right foreclosed home for you. Finding the Home One of the hardest parts of getting started, is knowing where to start. You first need to find listings of foreclosed homes. Any time someone begins the foreclosure process, he is required to file a record of it with the local government. These records are then made available to the public. You can either put yourself on Internet or post mailing lists that will provide you with l... 05/06/2009