It’s Simple: Now Is the Time to Buy a Home
The millionaire says to a thousand people, “I read this book and it started me on the road to wealth.” Guess how many go out and get the book? Very few. Isn’t that incredible? Why wouldn’t everyone get the book?
Read the rest of the article here: It’s Simple: Now Is the Time to Buy a Home.
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Market Statistics For Salt Lake County-October
Market Statistics For Salt Lake County
There is good news ahead for all you folks that have been anxiously awaiting good news on the real estate front. The market statistics for Salt Lake County are right here in this video graciously produced by the Salt Lake Board of Realtors.
What this video says is that home sales in Salt Lake County are up over last year, prices are stabilizing in most areas (some areas with a lot of distressed properties will continue with a slight decrease), but quite honestly…all in all it’s a great time to buy a home. Lots of buyers are jumping off the proverbial fence and taking advantage of great prices and low interest rates in homes along the Wasatch front, and with first time buyers jumping in, that starts the domino effect for those of you who have homes to sell before you can move on.
So, if you are ready to take the plunge….there’s even better news! You first time homebuyers still have time to get into your new home before the Holidays (well, unless you are talking about Thanksgiving…we have to draw the line somewhere!)
Give us a call at 801.819.9005 and let’s chat about how we can help you get started down the right road to be Home For The Holidays!
Read MoreAh, Utah Is Gettin Good For Real Estate!
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!
Read MoreIs Zillow Accurate In Utah?
I just got a Zillow Zestimate on my
Utah home, is that really the value?
We get this question quite often, not only from our regular buyer and seller clients, but our investor clients as well who rely heavily on fair market value to determine what properties to pursue.
Read MoreUtah Home Sales-What Are They Doing?
Mortgage rates up this week, national housing sales down for July, housing not recovering, ….these are all National headlines.
But What is happening to Home Sales in Utah?
Read MoreSalt Lake County Market Update
Market Update For Salt Lake County
Boring statistic time! Now comes before us the Salt Lake County market update for February 2010. This time we are approaching things a bit differently and comparing year to year . Yes, I know that most everyone has come out comparing 4th quarter 2009 to 4th quarter 2008 with weaping, wailing, and gnashing of teeth however, in our humble opinion, this information is not entirely accurate. Pricing and sales fluctuate during a quarter , so to accurately gage what is happening in the market, let’s take a look at the year to year trend.
For example
Let’s take a look at single family homes in Salt Lake County over the last 3 years. The average price for a single family home in Salt Lake County increased from 2006 to 2007 by 9.56 % (the last year of the madhouse sellers market).
Now we all know, unless you were on a deserted island and had no TV or internet news channels, that sales prices (we are talking Utah here, remember Real Estate is a local issue) decreased in 2008 and 2009. However, in Salt Lake County the decrease in 2008 was only 2.76% and 6.99% in 2009.
Therefore, at the beginning of 2010 we are dead even with 2006 prices. So, like Walmart, we have “rolled back the prices” to 2006 levels, which means that most areas of the Salt Lake Valley are in the affordable category again. Similar trends have happened in Tooele, Davis, Utah counties.
Now, if you’re a first time homebuyer…
This means great things to you. Not only are prices more affordable, but there are incentives like the $8000 first time homebuyers tax credit and extremely low interest rates to help you into that home. Likewise, if you have lived in your 
home for 5 years and are ready to move up, the same interest rates AND a $6500 move up tax credit is available to you. And by the way, those can be claimed THIS year to help you furnish that new home, put in a yard, or what ever you want to do.
If you are thinking, or know someone who is, about making a move, give us a call. We can answer your questions and give you the information you need to make an educated decision…besides, we love to talk! Call us today!
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