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Highland, UT Real Estate News

By Utah Real Estate Search Utah County Realtor, Home Listing Partner
(Home Buyer Realty Utah)
Highland Homes for Sale, the Real Estate Purchase Offer and Contingencies When it comes time to make an offer on your new home, occasionally there are a few obstacles that make it difficult. It is sometimes hard to discover all the potential problems that might go wrong, but you might want to anticipate some so that you can cancel the contract without penalty. These are called “contingencies and you must make sure to include them when you offer to buy a home. One of the more popular contingencies is having to sell a previous home before purchasing a home. Making the closing the sale of the home a condition of your offer is important to avoid having to pay two mortgage payments instead of one. Other popular contingencies include the ability to obtain financing, property appraising high e...
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By Utah Real Estate Search Utah County Realtor, Home Listing Partner
(Home Buyer Realty Utah)
Highland Homes for Sale and Home Buyer Mistakes Well you have finally decided that it is time to stop renting and that you need to purchase a new home. Be aware that is important to stay calm and think your way through the process; don’t get so excited that you overlook a few very important steps. Failure to get pre-qualified before making an offer on a home: The very first step you need to take when considering the purchase a new home is that of interviewing and hiring a Mortgage Broker or Loan Officer. Understanding how much you are qualified to purchase up front can save you a lot of time and frustration later on. The pre-qualification letter is very important to the seller when it comes time to make offer on their home. Taking the time to get pre-qualified gives you time to iron out...
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By Utah Real Estate Search Utah County Realtor, Home Listing Partner
(Home Buyer Realty Utah)
Highland Homes for Sale and the First-Time Home Buyer Typically a First Time Home Buyer is considered to be someone who has not had an ownership interest in a home for 3 years or more. Some home loan guidelines are longer than that. There are many Down Payment Assistance grants, low interest loans and credit assistance programs available for First Time Home Buyers. First Time Home Buyers should consult a Mortgage and Real Estate Professional early in the home buying process to learn all they need to know about is available to them. Several criteria are considered when evaluating the loan programs for First Time Home Buyers, Credit History, Income vs. Debt, and equity or investment in the subject property being the most important. Well the time has come; you are finally out making a good...
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By Utah Real Estate Search Utah County Realtor, Home Listing Partner
(Home Buyer Realty Utah)
Highland Homes for Sale and the Home Buyer Agent As of 1994, 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 specificall...
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By Utah Real Estate Search Utah County Realtor, Home Listing Partner
(Home Buyer Realty Utah)
Highland Homes for Sale – Home Buyer Representative When it’s time to buy a home, it’s also time to select a buyer’s agent to represent your interests in this all-important transaction. But how do you choose one? Here are some of the most significant issues to consider and questions to ask when interviewing your Accredited Buyers’ Representative. Questions to ask: Experience and Credentials How long have you been a buyer’s agent? How long have you been an Accredited Buyer’s Representative? What other real estate designations or credentials do you hold? References Can you share the names and contact details for three past buyer-clients who can provide references? Knowledge What are your areas of specialized knowledge? Which types of housing or neighborhoods do you know best? Representati...
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By Utah Real Estate Search Utah County Realtor, Home Listing Partner
(Home Buyer Realty Utah)
Highland Homes for Sale and Foreclosure Properties   Distressed sales are a sad fact of the Real Estate market. While no one wants to see a homeowner lose their home, these properties also present unique opportunities for buyers. To determine whether you are a candidate for such a purchase, it's important to learn all you can about distressed properties - and to work with qualified buyer's representative who can guide you through each step of these complex, non-traditional transactions. Foreclosure is a process, with buying opportunities at each stage: Pre-Foreclosure A period of time that begins with the initial mortgage default and ends when the distressed property is sold   Foreclosure Sale When the property is auctioned to the highest bidder, someone who also meets the terms of the ...
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By Robert A. Hulme, Home Listing Partner, Full Service Listing 1%
(Home Buyer Realty Utah)
Utah County Real Estate Pricing Factors There are many factors to consider when you are trying to determine what price to offer for a new home. Gathering and analyzing information form comparable sales helps to establish the range of prices you should consider. More weight should be given to the most recent sales of like properties in the local area. Other factors to consider include condition of the property, improvements, the current market, and the circumstances behind the seller’s decision to sell. Check out the IDX Websites with Homes for Sale in the following locations: StateofUtah homesforsale – HomeSellingUtah Homesavailable forSale inUtahCounty AlpineHomesforSale American ForkHomes for Sale Cedar Hills Homes forSale Eagle MountainHomesfor Sale HighlandHomesforSale LehiHomesforS...
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By Robert A. Hulme, Home Listing Partner, Full Service Listing 1%
(Home Buyer Realty Utah)
Utah County Real Estate, Contingencies and the Offer When it comes time to make an offer on your new home, occasionally there are a few obstacles that make it difficult. It is sometimes hard to discover all the potential problems that might go wrong, but you might want to anticipate some so that you can cancel the contract without penalty. These are called “contingencies and you must make sure to include them when you offer to buy a home. One of the more popular contingencies is having to sell a previous home before purchasing a home. Making the closing the sale of the home a condition of your offer is important to avoid having to pay two mortgage payments instead of one. Other popular contingencies include the ability to obtain financing, property appraising high enough for lender cons...
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By Robert A. Hulme, Home Listing Partner, Full Service Listing 1%
(Home Buyer Realty Utah)
Utah County Homes for Sale, Utah IDX MLS Home Search and the Virtual World Technology has reached new levels for the Realtor in today’s Virtual World. The home buyer can actually sit in the comfort of their present home and view all future homes just as if they were actually there. I am just amazed where technology has taken us. Internet Data Exchange (IDX) The Internet Data Exchange is a service available to real estate agents today to display their listings through internet feeds that bring the home search process to new levels. Services are available to all real estate agents at a very reasonable price. Realtors are able to actually bring their MLS listings to life. Virtual Earth Virtual Earth is a software program available through Microsoft, that provides Maps and Pictures of MLS ...
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By Robert A. Hulme, Home Listing Partner, Full Service Listing 1%
(Home Buyer Realty Utah)
  Utah County Homes for Sale the Loan Application and Documentation When it comes time to purchase new home, your first step in the purchase process is to get pre-qualified for your home loan. Once you contact a Mortgage loan officer, he will ask you to fill out a Mortgage Loan Application (1003) and supply him with documentation. The documentation required will vary, but generally you will supply the following:   Federal income tax statements and verification of any additional income Your two most recent W2’s Current paycheck stubs Recent bank statements Asset and liability information (stocks, bonds, other real estate, etc.)     GgGood Luck and Happy house hunting. www.UtahHomesforSale.us www.UtahHomesforSale.ws www.UtahHomes.ws www.ExitUtahRealEstate.com www.UtahHomes4Sale.ws www.Rob...
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By Robert A. Hulme, Home Listing Partner, Full Service Listing 1%
(Home Buyer Realty Utah)
Utah County Homes for Sale, Home Seller Realtor Discussion 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, th...
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By Robert A. Hulme, Home Listing Partner, Full Service Listing 1%
(Home Buyer Realty Utah)
Utah County Homes for Sale, setting your Selling Price The Home selling price is determined by taking into consideration a number of different factors. First and probably the most important factor is the selling price of comparable homes in the homes selling area. Other factors include the current trend in the market, the availability of homes for sale in the area and the urgency of the seller. Obviously, the lower the selling price the quicker the home will sale. Other factors to take into consideration include: ·       Average selling price per square foot of homes in the same area. ·       Major improvements to the home, such as swimming pool and other additions can add to the overall value of the home. ·   ...
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By Robert A. Hulme, Home Listing Partner, Full Service Listing 1%
(Home Buyer Realty Utah)
Utah County Homes for Sale and Title Insurance The last process that takes place just prior to recording is the closing.  At closing the Title or Escrow company provides the buyer with Title Insurance or an Owner's Policy.  They insure that you have clear title to the property.  If there are any problems later you can always go back to the Title Company and have them clear it up.  During the closing the Title Company also provides a Lender's Policy.  The Lender's policy insures your mortgage lender that there are no liens or judgments against the property and that the property and the mortgage company will be in the first position.  In other words, should you sell the property or refinance it, their mortgage gets paid first, before any other claims against the property?  The Lender's po...
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By Robert A. Hulme, Home Listing Partner, Full Service Listing 1%
(Home Buyer Realty Utah)
Utah County Home for Sale, FHA Loans and Lower Down-payments The FHA (Federal Housing Authority) doesn't actually fund your home loan in any way.  The FHA simply provides mortgage insurance to help consumers become Home Owners.  The FHA actually insures the lender from losses resulting from Home Owner default.  The FHA helps mortgage lenders prepare loans for people who might not otherwise qualify. One of the big advantages of an FHA Loan is that a smaller down payment is possible.  As of January 1, 2009, the down payment for a FHA Loan is 3 ½ percent of the principle loan amount.  In today's market the down payment on conventional loans can be as much as 20 percent.  FHA loans make it possible for many people to enter the Home Buyer market, just with the lower down payment alone.  Ther...
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By Robert A. Hulme, Home Listing Partner, Full Service Listing 1%
(Home Buyer Realty Utah)
Utah County Homes for Sale, Getting Pre-Qualified is your First Step 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 p...
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By Robert A. Hulme, Home Listing Partner, Full Service Listing 1%
(Home Buyer Realty Utah)
Utah County Homes for Sale, Home Sale Pricing Factors There are a number of factors that a Home Seller needs to consider when pricing their home for sale.  Factors Which Do Not Influence Value You need more equity than you have You may have invested in Repairs and Improvements Prices of homes where you are moving Refinance Appraisal Dangers of Overpricing Miss the Window of Opportunit Perception of being stale Takes longer to sell Ultimately sells for less House never sells Any or all of these factors may come up during the evaluation of pricing your home for sale.  Just make sure you discuss these items with your Realtor, and don't make a mistake that could affect the outcome of your Home Selling Experience. Search Utah MLS Listings - Utah's Finest MLS Home Search, Utah County's Exclus...
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By Robert A. Hulme, Home Listing Partner, Full Service Listing 1%
(Home Buyer Realty Utah)
Utah County Homes for Sale, Preparing Your Home for Showings Showing your home is probably the most important part of the selling process.  Consider the following carefully as you prepare your home for viewing. First impressions mean a lot and often prospective buyers make a decision almost immediately. Curb appeal is important since many buyers search by themselves and then call their Realtor about property they have only seen from the street. Fresh paint on your house's exterior and interior is one of the easiest and best improvements you can make to enhance that first impression. It makes your house look bright and clean. If you paint, use whites, creams, or neutral colors on the interior and exterior colors that will blend with the neighborhood. If you don't paint everything, at lea...
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By Robert A. Hulme, Home Listing Partner, Full Service Listing 1%
(Home Buyer Realty Utah)
Utah County Homes for Sale, Buyer Agent Commission One of the most often used marketing tricks that Listing agents use to attract home buyers is a Buyer Agent Commission (BAC) that is larger than what is generally offered.  Generally speaking most home sellers offer a commission of 6 percent to the agents that assist to sell their homes.  Half of the commission or 3 percent goes to the agent that listed the home for sale.  The other 3 percent goes to the agent who represents the buyer in the transaction.  By offering an inflated BAC, the listing agent is hoping that the agent representing the buyer will show their home before the home that only has a 3 percent commission. Home Buyers Beware Home buyers need to understand that sometimes their agent may be motivated to show them a home wi...
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By Robert A. Hulme, Home Listing Partner, Full Service Listing 1%
(Home Buyer Realty Utah)
Utah County Homes for Sale, the Right Home There are a number of things to consider when choosing the right home and everyone's priority is different.  Where should it be located; neighborhood preference; single or multi-level, number of bedrooms and baths; square footage: yard size; features: quality of school; age of home; interior or exterior appeal; and most of all, price, because if it's out of your budget, it can't be considered. Make a List Make a priority list of things important to you.  Start with the most important, things you have to have.  Then work down the list, putting them in order of most important.  After you are done, go up to the top and move down until you get to a place where you can draw a line.  Above the line should be all of the items you have to have, and bel...
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By Robert A. Hulme, Home Listing Partner, Full Service Listing 1%
(Home Buyer Realty Utah)
 Utah County Homes Sold in Highland, Utah - 2010 Month Jan 2010 Units 11 Sales Volume $4,155,700.00 Avg. List Price $399,900.00 Avg. Sold Price $351,000.00     Sq. Ft. 4,028 Per Sq. Ft. $86.09       Feb 2010 15 $6,740,950.00 $464,900.00 $420,000.00   4,772 $90.47       Mar 2010 16 $7,898,300.00 $512,200.00 $446,500.00   4,901 $95.71       Apr 2010 8 $3,020,0.00 $429,900.00 $366,700.00   4,328 $85.73       May 2010 8 $4,104,200.00 $454,450.00 $420,000.00   4,882 $85.84       Jun 2010 13 $5,217,221.00 $435,000.00 $405,000.00   4,472 $90.56       Jul 2010 9 $3,644,900.00 $410,000.00 $395,000.00   4,280 $92.29       Aug 2010 12 $4,796,977.00 $407,250.00 $418,750.00   4,248 $85.38       Sep 2010 5 $2,368,000.00 $495,000.00 $455,000.00   4,360 $96.38       Oct 2010 15 $5,810,456.00 $334,900.0...
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