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!
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.
How Much Money Do I Need To Buy A Home? One of the first questions first time homebuyers always ask is how much money does it take to buy a home? Short answer: $1,000,000….just kidding, that should get the old heart beating.
When you purchase a mortgage loan on a house- there is that phrase again, you didn’t think you were Purchasing a loan, now did you? Anyway, as part of purchasing a house, there are certain costs and fees associated with closing on the loan (there, that’s better). These costs are referred to as….wait for it…”Closing […]
Top 10 Things You Can Do With A Home That You Can’t Do In An Apartment Now, I know that you get bombarded with all the reasons to buy a home rather than rent, and most of them are legitimate and logical, but there are some other things for you to consider. So….here is My […]
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!
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 […]
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 […]
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 […]