Believe it or not, even as a Realtor, I DO tell people NOT to buy homes in some circumstances! Below are four scenarios when you should NOT buy a house! If you plan to move out of an area in the next few years, don’t buy a home- you may not get enough of a
If you’ve looked into real estate markets before, you may have heard the terms ‘buyer’s market’ or ‘seller’s market’. In addition, there’s a balanced market, where the number of buyers and sellers is about the same, so neither party has the advantage. Where are we in Utah and Salt Lake counties in 2020? ALL
The most common Google search right now concerning house prices is “will home prices drop in 2020?” Well, to the best of my knowledge, I’ll help you answer that question. Right now, there are more people moving to Utah than there are people having babies- which is saying something! We had 17,800 come to Utah
Which is better to invest in? If we look at the average growth of a 401k over the last five years, the average has been 10.2%, which is fantastic. This, of course, depends on how aggressive you are when picking your individual portfolio. Real estate has had a total of a 46% increase over that
Utah is a buyer beware state! This means that it is the buyer’s job to make sure they are comfortable with the property BEFORE purchase, because once they close on the home, any of the home’s problems are now THEIR problems. The only exception to this is when a seller knows about an issue but
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