Walk-ability Score – What is it and why do I need one? I get a lot of questions about the “Walkability Score” section of property details on my search site www.searchsaltlakehomes.com, so thought I would give you a cool and efficient explanation of said component. Walk Score is a company which “analyzes hundreds of walking […]
Tips to help you in buying your home
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, […]
Short sales at the very least can be frustrating, long, and tedious transactions not only for the seller, but the buyer as well. It almost seems that the real estate gods are against both parties in bringing shortsales to close in this market. Now, the banks (at least some of the bigger banks) are complicating […]
You are First Time Homebuyers and you have Found THE HOME. You have watched DIY and HGTV and you know you can do everything those couples do on the home improvement show, but beyond the down payment, you have very little money to replace the cabinets in the kitchen, tile the bathroom and maybe add […]
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!
Here is a great commentary on the problems that have been caused by HVCC. We have had our own personal trials and tribulations with appraisers being flown in from Arizona…yes, Arizona (since when are we Remotely anything like the Arizona market here in Salt Lake?) and being brought down from Hooper (a definitely rural area […]
There is a great deal of difference between a foreclosed home and a shortsale. Let’s start by saying that both these transactions involve the bank that held the mortgage on the home.
Hud Homes In Utah-What You Need To Know! As you may or may not know, HUD homes are actually FHA or VA loans that have been foreclosed by their respective lenders and returned to Housing and Urban Development (get it…HUD) for resale. These homes can range in price from $50,000- to 750,000 (in Utah) and […]
First Time Homebuyers in the Salt Lake Area, as in other areas, are being repeatedly bombarded with the message that it’s a Buyers Market, you can get screamin’ deals, housing prices are hitting rock bottom. Sellers are desperate to sell and will accept anything, Foreclosures and Short Sales are the easy pickins’. Heard anything like […]
The Answer is….No. Less painful….yes! Some Agent’s thinking (although this is becoming less and less all the time, especially with the new Short Sale Addendum to the Utah Real Estate Purchase Contract) is to collect offers on short sales and send them all in to the bank and let the bank sort them out. If […]