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Are real estate agents free? Technically speaking, no- but in my case, yes. Let me explain. When someone sells their house, they pay their Realtor a 6% listing fee. That Realtor will usually split that commission with the buyer’s Realtor, typically 50-50. So, both Realtors are paid, but technically only the home seller is paying

It’s every home seller’s nightmare- they put their home on the market, but no one makes an acceptable offer! Today, I want to talk about why homes don’t sell. Generally speaking, a home will or won’t sell depending on three factors: 1- The Price 2- The Condition 3- Marketing Now, as a homeowner, you have

Like all thumbs are fingers, but not all fingers are thumbs, all closing costs are concessions, but not all concessions are closing costs. A concession is any seller-paid cost that goes towards the buyer, such as a seller paying for a home warranty, or giving an allowance for new carpeting. Closing costs, on the other

Using the data from the past five years, plus reliable predictions for the upcoming year, I’d like to discuss the pros and cons of buying/selling at certain times of year. We will discuss them using quarters. 1st quarter:Jan-March, 2nd quarter:Apr-Jun, 3rd quarter: Jul-Sep, 4th quarter Oct-Dec. For the past five years (and beyond) the second

I get this question occasionally, so I thought I’d answer here as a reference for those who are curious. We, as Realtors, are self-employed, 1099 contractors, who work for whomever we want. According to Utah state regulations, real estate agents are required to keep a license with an affiliated brokerage until they have had enough

I think that most people are familiar with the idea of a down payment when buying a home. However, there are other costs associated with the first year of home ownership that are not always common knowledge, so I wanted to share a few today. TAXES. The only sure things in life are death and

Home values have gone up in Utah recently- a lot! 38% in the last five years, to be precise. Your homeowner’s fire insurance, however, isn’t based on the value of your home, but on the cost it would be to rebuild it if it were to burn down. These costs are based on construction costs,

To find out where the housing market is and what it is doing right now (January 2020), I pulled up the market conditions from January 2019 to compare them to our current ones. Fewer homes were listed this year at this time than January 2019- 18% fewer, to be specific. Fewer homes being sold means

If you are looking to buy a home and hire a Realtor, you might wonder who would pay the Realtor’s fee. The answer is that when someone sells a home, they give a set percentage of the price of the home’s sale to their Realtor.  The Realtor puts the home on the MLS (multiple listing

2019 year in review!! Just for fun, here are some real estate statistics about 2019!! Interest rates: The highest was 4.4% on January 31st. The lowest was 3.6% on August 15th. 27,758 homes sold in Utah and Salt Lake counties in 2019. The cheapest home sold in Utah and Salt Lake counties was a trailer