One of the hardest parts of buying your first home is getting the money you need for down payment (Usually 3.5 % for FHA loans and 3-20 % for conventional). On a $200,000 home that is $7000 to $40,000 depending on the type of loan you have. Pocket change sez you…ha ha sez I (no, […]
1st Time Homebuying
A series of posts that help guide a 1st time homebuyer through the process of well…homebuying!
First Time Homebuyers-How Much Earnest Money Do I Need? Before we get to the “how much”, we should talk about “what is” earnest money. Dating back to medieval days, the word earnest means “a state of mental intent” . We will ignore the mental reference here (don’t get me started) but the word “intent” is […]
Now we know all you guys are secretly dreaming of a home, and you should be with all that we have been saying, but I’ve been hearing that the prospect of breaking your apartment lease has given you nightmares, the shakes, and all kinds of unpleasant feelings. Tsk, Tsk, I say, young padawan learners (those […]
Since the revision of the Utah Real Estate Purchase Contract went into effect on Jan 1, 2009, it is even more important for homebuyers in Salt Lake and indeed all of Utah to protect themselves with a home warranty. The section of the Utah Real Estate Purchase Contract that required home sellers to warranty all […]
This post on owning a home in Utah was actually written 7 years ago. But….the advice that it gives is still valid today. And even more so with housing prices in Utah rising 9 % in the last year. The reason? Lack of inventory which will Not be gone soon. New companies are relocating to […]
Do you or someone you know have a disability in their family? There is now a loan program available that can help get buyers with disabilities into a home of their own with low down payment, lower monthly payments and best of all….No mortgage insurance!
You have heard us (well, if you are reading our highly informative and entertaining posts) talk about fixer uppers and how to get the money to fix them up.
Ah, Utah Is Gettin’ Good For Real Estate! This weeks podcast from Utah Association of Realtors has some good news! Watch it…it’s only 2 minutes!
Do I Need A Home Inspection To Buy A House? Yes, most definitely! You will never hear us say…”Don’t bother with a home inspection“, and if you ever do…we have gone crazy, so run, save yourselves! Part of the responsibility of purchasing a home whether it is your first or your last is to do your […]