Special offer

Logan, UT Real Estate News

By Lisa Udy, Logan Utah Realtor
( Platinum Real Estate Group)
Cache County: Logan Utah Real Estate Market Report October 2009    In October of 2009 there were a total of 31 single family homes that sold in Logan, Utah.  There are currently 258 single family homes in Logan, UT on the market, as of November 2, 2009. There are currently 56 single family homes in Logan, Utah under contract, as of November 2, 2009. The average sold price of homes in Logan, UT for October 2009 was $146,533. The Average days on the market for these Logan homes sold was 112.     In October 2009 there were a total of 2 commercial properties in Logan, UT that were sold. There are currently 63 commercial properties in Logan, Utah on the market, as of November 2, 2009. There are currently 1 commercial properties in Logan, Utah under contract, as of November 2, 2009.   If your...
Comments 3
Utah First Time Home buyer: 10 Dos and Don'ts! 1. Do hire a real estate agent: Hiring a real estate agent won't cost you anything (in the state of Utah the real estate agents commission is paid by the seller) and it could save you a ton of money. A good real estate agent will not only make sure the transaction goes smoothly but that you don't get taken advantage of. 2. Do get a home inspection: A good Realtor will also recommend this to you. A home inspection in Utah will run you anywhere from $200 to $300 but it could save you thousands in the long run. A licensed home inspector will check all the components of the home and can detect things that can't be seen with the naked eye. I recently had a borrower whose inspector found Asbestos in the home he was going to buy. The repairs would...
Comments 3
When you are buying a home you can't always rely on your loan officer to tell you what you can afford. The fact is that what you can qualify for and what you are comfortable with can be two very different things. To find out if you are truly comfortable with a potential monthly payment there are a few things that you should do... Develop a Realistic BudgetYou should develop a monthly budget and write down every single monthly cost and include a contingency fund of 10% for the unexpected. After the mortgage payment, do you still have enough to put some into savings? into an emergency fund? Are you going to have to cut out cable/Internet, eating out, or other luxuries that you can't do without? If you are uncomfortable with your answers, look for a different house. The Industry StandardsY...
Comments 0
By John Neil
(Bank of Utah)
For those that are interested in purchasing a home in Logan, Utah, I will be teaching a first time home buyers class on October 15th, 2009 in conference room 305 of the University Inn on Utah State University Campus from 6:30pm to 8:00pm. Those in attendance will learn about...      -The $8,000 tax credit      -The $4,000 home run 2 grant     -The $7,500 "Welcome Home Own in Logan" grant     -The BRAG down payment assistance program    Some other topics that will also be taught are...      -What you need to qualify     -How to make the loan process go smoother     -How to effectively shop for a mortgage loan     -How to buy a multi-family property and save money on your mortgage payments Other topics that may be taught...      -100% financing options     -How to buy a home with a co-sig...
Comments 2
By Lisa Udy, Logan Utah Realtor
( Platinum Real Estate Group)
Cache County: Logan Utah Real Estate Market Report September 2009    In September of 2009 there were a total of 31 single family homes that sold in Logan, Utah.  There are currently 270 single family homes in Logan, UT on the market, as of October 1, 2009. There are currently 59 single family homes in Logan, Utah under contract, as of October 1, 2009. The average sold price of homes in Logan, UT for September 2009 was $169,790. The Average days on the market for these Logan homes sold was 118.     In September 2009 there were a total of 2 commercial properties in Logan, UT that were sold. There are currently 65 commercial properties in Logan, Utah on the market, as of October 1, 2009. There are currently 4 commercial properties in Logan, Utah under contract, as of October 1, 2009.   If ...
Comments 1
By Laurie Meacham
(Parker Real Estate Services P.C. (Logan Utah Real Estate))
Logan Utah is such a beautiful place to live.  One of my favorite things about Logan, UT is how beautiful every season is.  Last night there was a storm and our mountain tops were grazed with the beautiful white snow this morning!  While summer has been warm and fun, I love the contrast the snow makes on the mountain peaks.  It probably won't stay long, but it will be back soon! Logan Utah real estate market is one of the best in the nation right now.  It is a growing community, while still a safe place to live.  There are many different reasons people choose to move to Logan Utah, some include: Utah State University Safe Environment Out-Door Recreation (hiking, mountain biking, camping, horse-back riding, jogging trails, close to lakes and dams for boating/water activities, snow skiing...
Comments 5
Nobody likes paying private mortgage insurance. It's one of those monthly fees that feels like money is just going down the drain. It feels that way because It doesn't protect the homeowner. It is strictly for the lender in case the homeowner defaults on their payments and the bank has to foreclose. Because of the federal "Homeowners Protection Act", which applies to people who bought their homes after July 29th, 1999, there are some rules for lenders as to when they must cancel private mortgage insurance on a loan. The act says that homeowners can ask that the PMI be canceled when they have paid down their loan balance to 80% of the original home value and that the lender must cancel PMI automatically when the homeowner has paid down the loan balance to 78% of the orignal value. The ot...
Comments 4
By Lisa Udy, Logan Utah Realtor
( Platinum Real Estate Group)
If you are looking for a great deal when buying real estate, one option to consider is going after a short sale listing. In Logan, we don't have a ton of short sales compared to other larger communities in Utah, but we do have a few.   So, what is a short sale?  Short Sale - Basically, a short sale happens when an owner of a home can no longer meet the payment requirements, and they ask the bank to forgive part of the loan amount to sale the property. The bank agrees to discount part of the loan balance do to an economic or financial hardship.   What this means to a buyer is that you have a chance to get a nice deal on the purchase of a short sale home. But, don't get to excited yet, there's more to it then just submitting an offer and closing the deal. A short sale, depending on the ba...
Comments 8
I am going to make a bold statement: The "FHA Energy Efficient Mortgage" is the most underused and under appreciated loan products available in the mortgage world today. And the biggest reason is that very few people know about it. Thus, I write this blog post to inform the misinformed on one of the coolest (no pun intended) loan products out there. The skinny on the FHA Energy Efficient Mortgage (EEM for short): The EEM is a way for buyers to upgrade the energy efficient products of the home (e.g heat and air conditioning, water heaters, windows, insulation, etc.) with an "add on" loan of up to 5% of the sales price. The idea is that you will save more money with the upgrades than the increased monthly payments from the higher loan amount. Here is an example of how it works: So you fin...
Comments 2
By Lisa Udy, Logan Utah Realtor
( Platinum Real Estate Group)
$97,900.00 - Cute, Cute, Cute! Location: Logan , UT2 bedrooms, 2 bathrooms, updated kitchen, new water heater, new disposal, great location. Clean-Well cared for, and No HOA Fees!! Come see today-Won't last long. Buyer to verify all information.FeaturesBedrooms: 2Bathrooms: 2Parking Spaces: 2Year Built: 1981Subdivision: Ten-O-TwoLot Size: 0.06Garage Size: 0School District: LoganSquare Footage: 1040Agent Name: Lisa UdyBroker: Immaculate HomesMLS #: 906753Contact Information Lisa Udy435-881-3022PricingPrice: $97,900.00Property Location325 W 1100 NLogan , UT 84321View MapAttributesAppliancesRange/OvenFull RefrigeratorSink DisposalExterior AmenitiesPatioFenced YardGrass LawnPowered by vFlyer.comEqual Housing OpportunityVFLYER ID: 2809544Photo GalleryAll information in this site is deemed re...
Comments 1
"Welcome Home Own in Logan" is a $7,500 subsidy or grant for first time home buyers in the city of Logan, Utah. It can be used for a down payment and/or closing costs. It turns into a grant if the home is owned for 10 years. It must be repaid if the home is sold, if the mortgage is refinanced, or the home is rented out in the first 10 years. To be eligible for the program you must be a first time home buyer which is defined as someone that hasn't owned a home for 3 years, those that own a mobile home that is not on a permanent foundation, those that own or lease a condo, and also those that are a displaced spouse. Also with this program there are some income limitations. To be eligible for the program applicants can not make more than 80% of the HUD median income guidelines for Cache Co...
Comments 0
Why live in Logan, Utah? Here are 10 reasons!... 1. Utah State University: The University is Cache Valley's largest employer and a huge part of the economy. It has a beautiful campus and boasts some of the best programs in the state. I might be biased but I went to Utah State and had an amazing experience. 2. Stable economy:  Some people might say it's because we live in a bubble but I think it's because we are smarter than everybody else :) 3. Low Crime Rate: Logan is a safe place to live. Many people don't even lock their doors at night. 4. Great fishing!: If you like to fish, you will love Cache Valley. There are tons of rivers, lakes, and fishing holes with some of the best fishing in the state. 5. The Mountains: If you can't appreciate the beautiful scenery that Cache Valley has to...
Comments 0
By Alan Barker
(Boomerang Leads)
Summer is the busiest time for real estate sales in Cache Valley. From June 1st through the end of August 2009 home sales were almost identical to home sales numbers in 2008. The difference, is in the type of homes that sold. The average sold price for Cache Valley Homes in 2009 was down 6.28%. The median home sold price was down 4.52%. This doesn't necessarily mean that home values are down this much, what this shows us is that the lower priced homes are the ones selling. I broke home sales down into four categories typical for Cache County Homes. These are generalizations, and just categories put together by price. Homes less than $120,000, I considered Low End Homes. Homes for Sale between $120,001-and $180,000 are Starter Homes, $180,001-$250,000 are Moderate Homes, $250,000-$400,00...
Comments 1
By Lisa Udy, Logan Utah Realtor
( Platinum Real Estate Group)
Cache County: Logan Utah Real Estate Market Report August 2009    In August of 2009 there were a total of 50 single family homes that sold in Logan, Utah.  There are currently 278 single family homes in Logan, UT on the market, as of August 1, 2009. There are currently 51 single family homes in Logan, Utah under contract, as of August 1, 2009. The average sold price of homes in Logan, UT for August 2009 was $151,328. The Average days on the market for these Logan homes sold was 91.     In August 2009 there were a total of 2 commercial properties in Logan, UT that were sold. There are currently 53 commercial properties in Logan, Utah on the market, as of August 1, 2009. There are currently 5 commercial properties in Logan, Utah under contract, as of August 1, 2009.   If your interested ...
Comments 0
By John Neil
(Bank of Utah)
Shopping for a mortgage can be confusing and counterproductive if you don't know what you are doing. If you are shopping for a mortgage in Logan, Cache Valley, or Utah, there are a few tips that you should know to simplify the process and to help you truly find the best deal. In no particular order... Tip #1: Do your shopping on the same day! Interest rates change every day and sometimes several times a day. If you can, do all of your shopping within a time period of a few hours. Tip #2: Know your credit score beforehand.This is important so that each lender that you talk to doesn't have to run your credit score. In fact, do not let any loan officer run your credit score unless you have made a decision to go with them, as this can hurt your credit score. For a decent rate, with no "hits...
Comments 2
The majority of first time home buyers that I have worked with over the last few years haven't had much of a choice with the size of their down payment. They usually only had enough for the minimum, which is 3.5% on an FHA loan or no down payment on a Rural Housing or VA loan. However, other clients have ample funds for a down payment and struggle with the question of how much to put down. They wonder if it would be better to put as much down as possible and have a low monthly payment or if it would be better to keep that money and use it for other means. here are 3 questions that every borrower needs to consider when deciding how much money to put down on a home...                                                  1. Do I want my money tied up in my home?: Having your money tied up in y...
Comments 0
I might be biased but I think Logan and Cache Valley, Utah is the best place on earth and purchasing real estate here can be an amazing investment. Whether you are buying a single family home, a duplex, triplex, fourplex, condo, or townhome, you will be making one of the best decisions of your life (I left out "manufactured housing" because its just not a good investment, but that is another blog post). When you are buying a condo in Logan, Utah there are a few things you should find out...      1. What is the monthly HOA dues? This can be very important because a lot of people budget for their housing expense (i.e mortgage payments) and do not account for the HOA fee, which could be from $60 to $150 more. You will also want to find out what is included in the HOE fees.  Does it cover c...
Comments 1
If you are looking to purchase a home and you need to get a mortgage, there are a few things that you can do to help prepare yourself to be able to qualify. A mortgage is a big commitment and every lender wants to make sure that you are able to pay the loan back. There are 3 basic things that the lender is going to look at to measure your financial stability. They are 1. Your credit report, 2. Your assets, and 3. Your income.      1. Credit Report: Your credit report is your financial report card and it's imperative that you know what is on that report card so that you can fix it if necessary. For most conventional loans today you will need a credit score of at least 700 and for FHA loans at least 620. If your score is 619 you are out of luck. So find out what your score is and talk to ...
Comments 0
By Lisa Udy, Logan Utah Realtor
( Platinum Real Estate Group)
Logan Utah Homes For Sale - Logan Utah is a the largest city in Cache County and is located North of  Providence Utah. The community is the fastest growing community in Cache County and is home to most of the businesses in the valley. The best thing about owning a home in Logan, would the central location. Logan is the hot spot of Cache County, with more business, more people, and more community activities then anywhere else in the County.  If you like to be in the city life, Logan Utah would be a great fit. Although Logan has the largest population in the county, Logan is still one of the safest places to live in the entire country.If you are looking for a place to build a home, the Logan area has some very attractive pieces of land on the market. The land available today ranges from,...
Comments 1