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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

Do you want to flip homes? Let me just start by saying, you’d better know your numbers. Right now, we have a wholesaling phenomenon going on. A wholesaler will find a very cheap home, then blast it out to as many people as possible to get it sold. For one example, I found a wholesaler

Why are real estate agents important? Well, rather than answer that directly, I’d like to give you some facts and scenarios and allow you to draw your own conclusions. To start off with, 75% of real estate related law suits happen when one or both of the parties are unrepresented in the sale of the

FHA loans are money that is lent through the government and there is a limit to what they are willing to lend in different areas. At the start of 2020, FHA loan limits were raised to $401,000, which means that you can get a loan for up to that price when using an FHA loan.

Buying a house is a huge commitment and it’s natural to have some hesitations and nervousness. Today, I want to address some common home buyers fears and some fixes of how to best address them. Fear #1- Being Locked into a Home you Don’t Want Some buyers, especially first time home buyers, are wary of

Mortgage insurance is required by banks if you have less than 20% down in cash for a down payment. This fee is rolled into your monthly payment. It covers potential risk of default, as those who don’t have 20% down in cash are a higher liability to the bank. It does not mean that if

For our first time home buyers- here are a few of the most commonly asked questions I seem to get. 1-Who pays the real estate agent?The person who is listing the home for sale (known as the listing agent) represents the seller and is paid a certain percentage from the sellers. They choose to split

Are you curious about the Utah County property tax increase? There’s a lot of confusion about this tax increase, so I borrowed this example to help you understand it more clearly.From The Daily Herald– “Here’s an example of how the property taxes in Utah County work: If a house is valued at $334,000, 55% percent of

Earnest money is the money that the buyer puts down to show that they are, indeed, earnestly interested in buying a property. This means that when a buyer makes an offer to purchase a home, they pledge a certain amount of money that the seller gets to keep if the buyer backs out of the

I think it’s fair to say that most people know about down payments and closing costs when it comes to buying a house. However, there are some costs that are not as well known, especially when you’re a first time home buyer. I want to share two of those with you today. First off would