Utah County Home Seller, Picking the Right Utah County Realtor - Utah County Real Estate Well the time has come for you to sell your home; it could be for a variety of reasons.  Perhaps you need more space for an expanding family maybe your current home just doesn't fit your needs anymore.  Maybe the reason is much more stressful such as a divorce or any unexpected job relocation.  The last thing you need during this time is someone helping you sell your Utah County home who is unprofessional or doesn't understand the current Utah County real estate market. When you are selecting a Utah County Realtor, make sure you find someone whose personality is not in line with yours.  Even if the agent has terrific credentials and has sold a lot of homes over the years, they may not make you feel ... 08/04/2009

Utah County Home Buyer Beware - Yield Spread Premium (YSP) - Utah County Real Estate As a Utah County Loan Officer and Utah County Realtor I have noticed an area of Home Loans and Mortgages that goes unnoticed by the consumer,  that of Yield Spread Premium.  Most Utah County borrowers believe that their Loan Officer makes his profit with the Loan Origination Fee.  But most don't understand that the Loan Officer can make up to 4 percent more, on most loans, with the Yield Spread Premium. What is Yield Spread Premium? Yield Spread Premium, or YSP, is the fee paid by the Lender to the broker in exchange for a higher interest rate, or an above wholesale rate.  The Utah County borrower may qualify for a certain rate, but the broker can charge this fee and give the borrower a slightly higher ... 08/02/2009

Utah County Realtor - Home Selling Process The time has come when you have decided that you must sell your home.  Before you place a "For Sale" sign in front of your house there are few things you need to consider to help make the sales process run smoothly and efficiently.  Listed below are a few things that you should consider when discussing the sale of your home with your Utah County Realtor. Time Frame It really depends on where you live in the country, but most Utah County Realtors consider spring to be the best time for selling a home.  The weather is usually getting better families are starting to make plans for the summer and the following school year.  Reports state that the slowest selling months are usually during January and February.  Most important is to discuss with your... 07/27/2009

Wake up Home Seller.  Full Service MLS Listing at Flat Fee Rates - Utah County Utah County Realtor Home Selling Stimulus Package Selling your home in Utah County has never been easier; selling your home in Utah County has never been this inexpensive.  Desperate times sometimes bring desperate measures.  In today's Housing Market many homes are being sold at outrageously low prices.  Foreclosure's are at an all time high, with Short Sales and Bank Owned homes being listed at prices well below market value, many other Home Sellers are being forced to find different ways to compete. Many Realtor's are offering a Full Service MLS Listing at Flat Fee Rates in Utah County.  Being able to have a home placed on the MLS, many other Realtor websites, have full color flyers, Realtor Company For Sa... 07/25/2009

Utah County Flat Fee MLS Listings Utah County Flat Fee MLS Listings is an affordable way to sell a home without paying enormous listing commissions, most Real Estate Brokerages charge between 4 and 7 percent of the Selling Price.  A Utah County Flat Fee listing gives your property direct exposure on the MLS to many Home Buyers across the nation and saves you money.  Utah County Flat Fee Listings helps the Home Buyer as well; with lower Listing Fees the Home Seller can offer his home at a lower selling price due to the savings. When you choose to use your Listing Agent to represent you on your new home purchase you also receive additional discounts. In addition to being listed on the MLS, Utah County Flat Fee MLS Listings provides many other services like, For Sale Signs, Full Color Flye... 07/23/2009

Foreclosure Homes for Sale Bank Owned Properties Banks are not in the business to hold onto an inventory of homes.  They want to get rid of these homes yesterday.  This makes for a great opportunity for you, the home buyer or investor, because most of these homes are well below market value.  Once the bank owns the property they will handle eviction if any, take care of some repairs, pay past HOA and/or other maintenance dues, and then will negotiate with the IRS, removal of tax liens, if any. How do banks sell REO's (Real Estate owned by the Bank) Most banks have an REO department that handles the sale of these properties.  They certainly would like to get the best price of course.  When you make an offer, the banks will usually make a counter offer.  Don't be surprised to get a higher... 07/15/2009

The time has come to start shopping for a home to purchase.  The first thing that you should do is to get pre-qualified for a home loan.  It is very important to understand what your price range is prior to looking so you don't waste time looking at properties that are out of your price range. Where do you begin? Most Realtors work with a trusted network of Mortgage professionals, who can assist you in getting pre-approved for a loan so that you can comfortably begin looking at homes with the assurance that you can obtain the proper financing. Generally, loan officers can help you with a pre-approval by getting some basic information (address, social security number, etc.) over the phone or Internet. If you choose to purchase a new home, many builders have mortgage companies that will o... 06/23/2009

The overall appearance of your home is one of the major factors to consider when placing in on the market to sell.  The problem is, either you don't have or are not willing to spend the money to remodel.  There are some inexpensive things that you can do to give the appearance of success without spending the money to make it happen. Enhancements or redesigning of the kitchen usually is one of the first areas considered when thinking about what to do to improve the appearance of your home.  But is it the most cost productive means.  Many buyers would like and appreciate saving money on the purchase of the home, so that they can do the redesign themselves, this should always be considered when pricing your home for sale. The frugal minded home seller should find a way to reduce the clutte... 06/16/2009

The time has come when you have decided that you must sell your home.  Before you place a "For Sale" sign in front of your house there are few things you need to consider to help make the sales process run smoothly and efficiently.  Listed below are a few things that you should consider when discussing the sale of your home with your Realtor. Time Frame It really depends on where you live in the country, but most Realtors consider spring to be the best time for selling a home.  The weather is usually getting better families are starting to make plans for the summer and the following school year.  Reports state that the slowest selling months are usually during January and February.  Most important is to discuss with your Realtor, the current state of market and how that will affect the ... 06/15/2009

Many factors come into play when you attempting to figure out how much you can afford in a new home.  In addition to your monthly mortgage payment, there are closing costs, moving expenses, plus purchases and maintenance for the new home.  The rule of thumb is generally considered, your gross income multiplied by 2.5, will give you an approximate amount for the price of home you can afford.  The amount will vary depending on how much you have as a down payment, your debts, financial situation, and credit history and rating.  Your debts, including alimony and child support, should not be more than 30 to 40 percent of your gross income. Monthly Mortgage Payment Lenders are very careful to make sure you have the ability to repay your loan.  As a general rule, your monthly mortgage payment ... 05/31/2009

The largest personal finance transaction a person makes in his/her life is purchasing a Home.  It is crucial that you make the right preparations and do the proper research.  Regardless of the unique situations and special circumstances, there are a dozen things that you should do. Understand the Home Buying process Study the home buying process, this will allow you to make better decisions and act confidently.  The home buying vocabulary is an important part of this; make sure you understand all the terminology that is used. Obtain your Credit Report Get a copy of your credit report and review it for errors.  Mortgage lenders will be reviewing your credit very closely; you should do the same, before they do. Fix Credit Errors It is important that you find any errors that you have on yo... 05/23/2009

Well the time has come for you to sell your home; it could be for a variety of reasons.  Perhaps you need more space for an expanding family maybe your current home just doesn't fit your needs anymore.  Maybe the reason is much more stressful such as a divorce or any unexpected job relocation.  The last thing you need during this time is someone helping you sell your home that is unprofessional or doesn't understand the current real estate market. When you are selecting a Realtor, make sure you find someone whose personality is not in line with yours.  Even if the agent has terrific credentials and has sold a lot of homes over the years, they may not make you feel comfortable.  You will be dealing very closely with your Realtor every day, so choose wisely. Most important, you want a Rea... 05/22/2009

Setting the list price for your home involves evaluating various market conditions and financial factors. During this phase of the home selling process, your REALTOR® will help you set your list price based on: •·         pricing considerations •·         comparable sales •·         market conditions •·         offering incentives •·         estimated net proceeds Pricing Considerations - Find a Balance Between Too High and Too Low When setting a list price for your home, you should be aware of a buyer's frame of mind. Consider the following pricing factors: If you set the price too high, your house won't be picked for viewing, even though it may be much nicer than other homes on the street. You may have told your REALTOR® to "Bring me any offer. Frankly, I'd take less." But compared to... 05/17/2009

Recently, the state of Utah authorized Buyer's Agency.  In Utah County, and throughout the state, buyers can choose an agent to work exclusively on their behalf.  Buyer agency benefits include: •·         Buyer's agents are almost always paid out of the proceeds of the sale by the seller or builder, so we always recommend using a Realtor, as it will cost you nothing extra. •·         Many people do not realize that it is advantageous to have an agent on a new home purchase as well.  I have gone to bat for my clients on a number of occasions when there were problems with home builders.  Salespeople who work for the builder are usually very ethical they are also employees of the builder and are bound by their relationship to their employer.  They do not specifically represent the home buy... 05/14/2009

When it comes time to purchase a new home, the question always comes up, should I sell my old home before I buy the new one?  Depending on your credit situation and your ability to qualify for two loans, this question could be easily resolved.  We will assume you have excellent credit and can do whatever you please.  It is always better to have your present home sold before you make an offer on the new home.  If you have an offer with a contingency of selling the old home, the seller will be less likely to accept the offer or allow better terms.  You will always be in a better bargaining position if you were able to move in without delay.  Credit terms on you new loan will also be better based on you living in the new home as your primary residence.  Banks never offer better rates or te... 05/11/2009

Refinancing your current home loan is often a great way to get into a lower interest rate, lower your monthly mortgage payments, or take out some needed cash for various projects. Before you jump into a new loan however, you should realize that, just like with your original mortgage, this new refinance loan will cost you some upfront fees. The new loan may or may not be worth the costs; depending on how long you plan to stay in your home and whether or not the new loan has a prepayment penalty. Take a look at some of the traditional fees associated with a refinance home loan. Points/Origination FeesOne point is equal to one percent of the loan total. Lenders will sometimes require you to pay points (which go directly to them) and sometimes they will simply give you the option of paying ... 05/05/2009

When it comes to buying a home, there are two essential people you will work with during the process. These individuals are your Realtor and your mortgage loan officer. As important as these people are to your home purchase and investment, you will want to find the very best Realtor and Loan Officer for your situation. The following are some tips to helping you make wise decisions in the selection process. Choosing the Right Realtor You may be wondering if you really need to hire a Realtor at all, right? You may feel like you could save yourself the commission fee by skipping the Realtor. This may be true, if you have the time, knowledge, and experience behind you to do all the searching yourself. There are many benefits to finding a good Realtor though. Buying a home involves so much l... 04/26/2009

Mortgage fraud is the fastest growing white-collar crime in America today.  There are two types of Mortgage Fraud: fraud for property and fraud for profit. Fraud for Property, also known as Fraud for Housing, usually involves the borrower as the perpetrator on a single loan Fraud for Property. This is when an individual misrepresents or leaves out information on his or her mortgage application in order to qualify for a home loan.The other type, fraud for profit, usually involves identity theft an individual steals and uses the personal information of someone else to qualify for a loan.  Imagine not only having to beware of questionable mortgage lenders, but of someone else getting a home in your name. It is a scary prospect, and unfortunately it happens all too often. Many Americans hav... 04/21/2009

Have ever bought a home or considered buying a home, you know how important interest rates are in getting yourself a good mortgage deal. Have you ever wondered though how those mortgage rates are determined? Why it is that all the lenders you talked with gave you roughly the same interest rate estimate (all other things being equal)? Mortgage interest rates are a complicated thing, but they are largely based on overall market indicators. Becoming familiar with the general trends of rates can help you track the direction of rates and give you a better idea of what to expect. Do you remember that old phrase supply and demand from your economics class? Here's a case where something from school actually applies to real life! The general idea is when demand goes up, so do prices. When demand... 04/18/2009

When is the best time to sell a home?  Is it time to find a bigger home to accommodate your growing family, or maybe you are ready to move into a smaller home for your retirement years, or maybe you just got a great promotion and would like to upgrade into a nicer neighborhood.  Whatever your reasons for moving, you are first going to have to sell your current home.  How do you know when it is the right time to put your home on the market?  There are several important factors to consider in choosing the best time to start the selling process. Generally, the goal of most sellers is sell their home quickly and for the highest price possible. With that in mind, you should consider that home buying tends to follow seasonal patterns.  The busiest time for home purchases is between late winte... 04/04/2009