Utah County Homes for Sale - Negotiating the Real Estate Purchase When it comes to time to negotiate a real estate transaction, some interesting dynamics take place. Obviously the Seller wants the most money they can get for their home. The Buyer wants the most home for the least amount of money. This is a crucial time to have a professional on your side, who knows and understands how the process works. There is not a right or a wrong way to proceed, but it does involve a lot of give and take. The party with the stronger alternative usually gets more, but a successful negotiation happens when both sides end up with a compromise and no one feels deceived or taken advantage of. There are a few points that need to be considered when you approach the negotiating table: •·         Determine ... 08/10/2010

Utah County Real Estate - Final Walk Through Inspection The final step in the purchase process prior to closing is the Final Walk through Inspection.  Every home buyer should revisit the property to ensure it is in the condition you required in your offer, and to inspect that any required repairs have been performed.  Final inspection should be no sooner than five days before you intend to close.  Make sure this right to do a final inspection is included in your offer to purchase. Search Utah MLS Listings Utah County Real Estate  Utah County Homes  Utah Homes For Sale  Provo Real Estate WS  Orem Real Estate WS  Utah Homes 4 Sale  Alpine Real Estate  Alpine Real Estate  Cedar Hills Real Estate   Highland Real Estate  Eagle Mountain Real Estate   Springville Real Estate   Utah County Real... 07/29/2010

Utah County Homes for Sale - Finding your new home When you first start shopping for a new home, usually you begin with a list of things that you must have.  Many times after you purchase your new home you find that your wish list of features did not quite add up to what you originally wanted. Most usually want basically the same house.  It might include 1200 - 1500 sq. ft., built within the last 5 years, open floor plan and vaulted ceilings.  Laundry Room on the first floor, garage, basement, Master Bedroom with a garden tub, Walk -In closet and a decent sized yard with some degree of privacy.  When you find it, you purchase it and you love it. Here is what happens within a week of moving in.  Both cars don't fit in the garage.  Two cars cannot park comfortably next to each other in th... 07/26/2010

Utah County Homes for Sale - Inspection a Must Well, you just made an offer on a beautiful new 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 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 most reason you need to consider before purchasing the home.  This is where you have the right to back out of the contra... 07/24/2010

Utah County Real Estate - First-Time Home Buyer Typically a First Time Home Buyer is considered to be someone who has not had an ownership interest in a home for 3 years or more.  Some home loan guidelines are longer than that.  There are many Down Payment Assistance grants, low interest loans and credit assistance programs available for First Time Home Buyers.  First Time Home Buyers should consult a Mortgage and Real Estate Professional early in the home buying process to learn all they need to know about is available to them. Several criteria are considered when evaluating the loan programs for First Time Home Buyers, Credit History, Income vs. Debt, and equity or investment in the subject property being the most important. Search Utah MLS Listings Utah County Real Estate  Utah Count... 07/20/2010

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 listingsand higher percent of new listings being SOLD.   SUMMARY Has the Utah Real Estate Market bottomed? Currently we are not seeing the needed positive price action (along with other indicators) to confirm a market bottom.  We are seeing more signs of a bottom coming into play. Investors with a long term buy and hold strategic.  Opportunities are making sense.  Contact your property resource specialist for information to make an informed buying decision. Owner/occupied homeowne... 07/18/2010

Real Estate in Eagle Mountain didn't change too much.  Homes sold increased by less than 1% and median and average sold prices of Eagle Mountain homes decreased by less than 3%. 07/14/2010

Utah County Homes for Sale - Good Credit When it comes time to purchase a new home there is nothing more important than having Good Credit.  The first thing a lender will do is review your credit report.  The credit report is a history of money you have borrowed in the past and how you have repaid those debts.  It contains a list of debts such as credit cards, car loans, and other loans.  It also contains other public records such as liens or bankruptcies.  Your credit report is constantly being updated and most of the information is deleted from you record after 7 years (10 years for bankruptcies). This credit information is then used to help generate a computer driven number that indicates your risk to lenders.  This is what is called your Credit Score. No Credit? It is very important... 07/14/2010

Utah County Homes for Sale - For Sale By Owner or by Realtor Some people are very successful at selling their Utah County home "by owner".  They have knowledge of key marketing strategies, how to best show their home, and they possess a good understanding of contracts.  They are versed in negotiation tactics, but most of all, they are aware of the current market in their area and have priced their home appropriately.  They realize the majority of homes on the market today are sold through an agency and they are aware that potential buyers might expect them to sell for less that market value because they will not be paying an agency commission.  On the other hand, listing your home with a Realtor means that upon the sale, you pay a commission to the agencies involved out of your proceeds... 07/11/2010

Utah County Homes for Sale - Home Selling Pricing Factors There are a number of factors that a Home Seller needs to consider when pricing their home for sale.  Factors Which Do Not Influence Value •·         You need more equity than you have •·         You may have invested in Repairs and Improvements •·         Prices of homes where you are moving •·         Refinance Appraisal Dangers of Overpricing •·         Miss the Window of Opportunity •·         Perception of being stale •·         Takes longer to sell •·         Ultimately sells for less •·         House never sells Any or all of these factors may come up during the evaluation of pricing your home for sale.  Just make sure you discuss these items with your Realtor, and don't make a mistake that could affect the outcome of your... 07/10/2010

Two Story Home with Great UpgradesLocation: Silver Lakes VillageGreat Home and in nice neighood. The main level has a Main Living room, kitchen, dining area, and 1/2 bathroom. Upstair has 4 bedrooms and 2 baths. GREAT MASTER PLANNED COMMUNITYFeaturesBedrooms: 4Bathrooms: 2.5Year Built: 2006Subdivision: Silver LakesLot Size: .01Garage Size: 2School District: AplineSquare Footage: 2478Agent Name: Mark WattersonBroker: Principle Realty Group, IncMLS #: 972043 Basement: Full unfinishedInformationContact InformationMark Watterson801-815-0411Contact Reply FormForward to a FriendView Other FlyersPricingPrice: $165,000Additional Pricing Information: Short sale requires third party approval.Property Location4818 N KAYLEE CTEagle Mountain, UT 84005View MapAttributesAppliancesRange/OvenFull Refrig... 07/04/2010

Utah County Real Estate - For Sale by Owner or Realtor When it comes time to sell your home, one big decision needs to be made.  Can I sell my home by myself or should I use a Realtor?  Everybody wants to make as much money as they can when it comes time to sell their home, but it is necessary to maintain realistic expectations if there is to be a successful sale transaction.  The For Sale by Owner option is often perceived to be best way to make the highest profit when selling a home.  In theory, that makes a lot of sense, but there are so many variables that the results usually come out the opposite.  In fact, statistics from the National Association of Realtors report that only 16 % of those who listed their home For Sale by Owner, were successful in selling their home.  The main dra... 07/03/2010

Utah County Homes for Sale - Options for Home Selling Home Selling Options Today Today, in Our Real Estate market, selling a home is not as easy as it has been in the past.  You may find yourself without a single interested buyer and forced to rethink how you want to approach your dilemma.  Sure, you could spend hundreds of dollars on marketing and advertising fees just to promote your home.  But at this point, it would be encouraging to cut your losses if you see no possible buyer in sight. Delay the sale of your home It is possible that today is not the right time to sell because of market conditions.  You could wait until the inventory of homes drop and the demand goes up.  Most of the time, spring it the best season to put up your house for sale. Refinance Maybe not the best option ... 07/02/2010

Utah County Real Estate - Source of Funds Source of funds for your down payment and closing costs is one of the major concerns when it comes time to close on your home loan.  Lenders will require statements for the last two or three months on any of your liquid assets.  This includes checking and savings accounts, money market funds, certificates of deposit, stock statements, mutual funds, and even your company 401K and retirement accounts.  It is very important that there not be a lot of movement between the accounts mentioned above just prior to or during the closing process.  Lenders will require a complete paper trail of all the withdrawals and deposits.  Moving your money around, even if you are consolidating your funds to make it easier could make it more difficult for the lender ... 06/30/2010

Utah County Homes for Sale - Choosing a Buyer's Representative When it's time to buy a home, it's also time to select a buyer's agent to represent your interests in this all-important transaction.  But how do you choose one?  Here are some of the most significant issues to consider and questions to ask when interviewing your Accredited Buyers's Representative. Questions to ask: Experience and Credentials How long have you been a buyer's agent?  How long have you been an Accredited Buyer's Representative?  What other real estate designations or credentials do you hold? References Can you share the names and contact details for three past buyer-clients who can provide references? Knowledge What are your areas of specialized knowledge?  Which types of housing or neighborhoods do you know b... 06/26/2010

Utah County Homes for Sale - FHA Loans The FHA (Federal Housing Authority) doesn't actually fund your home loan in any way.  The FHA simply provides mortgage insurance to help consumers become Home Owners.  The FHA actually insures the lender from losses resulting from Home Owner default.  The FHA helps mortgage lenders prepare loans for people who might not otherwise qualify. One of the big advantages of an FHA Loan is that a smaller down payment is possible.  As of January 1, 2009, the down payment for a FHA Loan is 3 ½ percent of the principle loan amount.  In today's market the down payment on conventional loans can be as much as 20 percent.  FHA loans make it possible for many people to enter the Home Buyer market, just with the lower down payment alone.  There are many other good ... 06/20/2010

Utah County Real Estate - Home Inspections Well, you just made an offer on a beautiful new 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 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 most reason you need to consider before purchasing the home.  This is where you have the right to back out of the contract, ... 06/16/2010

Utah County Homes for Sale - Sell before you Buy When it comes time to purchase a new home, 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 your primary... 06/11/2010

Utah County Real Estate - Bank Owned Foreclosure Property 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 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... 06/09/2010

Utah County Homes for Sale - Getting Pre-Qualified is your first step The time has come to start shopping for a home to purchase.  The first thing that you should do is to get pre-qualified for a home loan.  It is very important to understand what your price range is prior to looking so you don't waste time looking at properties that are out of your price range. Where do you begin? Most Realtors work with a trusted network of Mortgage professionals, who can assist you in getting pre-approved for a loan so that you can comfortably begin looking at homes with the assurance that you can obtain the proper financing. Generally, loan officers can help you with a pre-approval by getting some basic information (address, social security number, etc.) over the phone or internet. If you choose to ... 06/07/2010