By: Robert A. Hulme - Realtor - Loan Officer -Utah County, Including Provo, Orem, Pleasant Grove, American Fork, Lehi, Highland, Alpine and Cedar Hills, Eagle Mountain, Payson, Saratoga Springs, Spanish Fork, Springville, Mortgage Xpress, Agent The Internet is beginning to play a major role in our daily lives.  Most people are having a hard time doing anything without first going the Internet.  I am finding that most Real Estate Home Buyers begin their home search on the Internet, in fact most generally don't contact a Realtor until they are far along in their Home search.  With this being the case it has become more apparent each day, the importance of having Real Estate Websites that help the Home Buyer effectively, providing them with relevant information that is easy to access and v... 01/13/2009

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.  On a year over year, YTD comparison currently (20.47)% of new listings are being sold.        SUMMARY Currently we are not seeing the needed positive price action (along with other indictors) to confirm a market bottom.  This is NOT a good time for conservative buyers to purchase.  High risk tolerant investors and speculators are doing some bottom fishing.       Data considered accurate... However is NOT Guaranteed.  Contact ... 01/11/2009

By: Robert A. Hulme - Realtor - Loan Officer -Utah County, Including Provo, Orem, Pleasant Grove, American Fork, Lehi, Highland, Alpine and Cedar Hills, Eagle Mountain, Payson, Saratoga Springs, Spanish Fork, Springville, Mortgage Xpress, Agent The time has come when you have decided that you must sell your home.  Before you place a "For Sale" sign in front of your house there are few things you need to consider to help make the sales process run smoothly and efficiently.  Listed below are a few things that you should consider when discussing the sale of your home with your Realtor. Time Frame It really depends on where you live in the country, but most Realtors consider spring to be the best time for selling a home.  The weather is usually getting better families are starting to make p... 12/07/2008

We still are having a low percent of new listings being SOLD.  Currently (22.81) % on a year over year, YTD comparison and we need positive % of listings sold, with positive price action to confirm market bottom. Please see data below.                                                                                  PRICE ACTION   Other good signs in addition to positive price action is lower DOM (days of the market) and lower new listings.             SUMMARY  Currently we are not seeing the needed positive price action to confirm a market bottom. This is NOT a good time for conservative buyers to purchase.  High risk tolerant investors and speculators are doing some bottom fishing. For more details or just to chat about market conditions please feel free to contact me.   12/05/2008

By: Robert A. Hulme - Realtor - Loan Officer -Utah County, Including Provo, Orem, Pleasant Grove, American Fork, Lehi, Highland, Alpine and Cedar Hills, Eagle Mountain, Payson, Saratoga Springs, Spanish Fork, Springville, Mortgage Xpress, Agent It certainly is a buyer's market right now.  There is a large number of homes being offered for sale, with many being offered at a very low price.  You need to determine how to avoid selling your home for too little money or too many different changes that could end up costing too much for the value price of the home.  There are many different things one should think about before selling their home and about how to sell their home. •·         Understand and know the true value before you sell your home.  Buyers are going to come in with an idea o... 11/26/2008

How is your Credit Score determined? By: Robert A. Hulme - Realtor - Loan Officer -Utah County, Including Provo, Orem, Pleasant Grove, American Fork, Lehi, Highland, Alpine and Cedar Hills, Eagle Mountain, Payson, Saratoga Springs, Spanish Fork, Springville, Mortgage Xpress, Agent Credit Scores range between 300 and 850.  Usually scores above 600 are considered to be desirable for obtaining a home loan.  There are five main factors that are considered when your score is calculated. Payment History Do you pay your credit card obligation on time? Credit balances High credit card balances usually are an indication that you are over extended. Length of Credit History   Longer the credit history the better. How Much New Credit You Have New Credit, either installment payments or new credit ca... 11/17/2008

Are Properties Owned by Banks a Good Deal - 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 handle  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 surpr... 11/14/2008

2008 is more than half way over. If the half way point is also the half way point for home sales, then there are going to be a lot of homes on the market that are still on the market next year. From January to June approximately 156 residential properties sold in Pleasant Grove. At the mid year point there were also 288 active listings, and the number appears to be growing as there are now 291 homes for sale in Pleasant Grove. To make things a little more complicated, there is a 35% price disparity between the list price and sold price. Of the home that have sold in 2008, the median sold price was $207,789. The current listings have a median price of $310,522. That's more than $100,000 difference.  Unless someone creates some really high paying jobs in Pleasant Grove, these $300,000 plu... 07/17/2008

Here are some unofficial numbers for homes sold in Pleasant Grove during 2007:Number of Homes sold: 240Average Market Time days on Market: 50Average Home Sales Price $307,993Median Home Price $257,500Number of Condo Sales: 163Average Days on Market: 37Average Condominium Price: $193,407Average Median Price: $191,280Number of Homes in Preforeclosure Status: 35Number of Bank Owned Homes: 4 Right now there are close to two hundred houses for sale in the Pleasant Grove area. Home prices have increased substantially the past few years. The average price of single family homes in Pleasant Grove listed on the MLS is $414,500 with a median price of almost $330,000. The least expensive house listed $91,000 while the most expensive home is 1.4 million. Houses have been on the market for an averag... 01/02/2008