Utah County FHA (Federal Housing Authority) Home Loans The FHA (Federal Housing Authority) doesn't actually fund your Utah County 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.... 01/19/2010

South Jordan Real Estate We here at South Jordan Realty continuously monitor local real estate statistics to keep our clients informed and ahead of the real estate trends.  Below you will find South Jordan real estate statistics for the week of January 11, 2010. Total number of homes currently for sale in South Jordan: 516 Total number of homes sold in South Jordan in the last 12 months: 667 Newly listed homes on the market: 44 Number of homes going under contract (offers accepted): 11 Number of homes sold: 9 Average sold price per square foot for existing homes: $74.27 Average sold price per square foot for new construction (never lived in) homes: $101.03 Number of homes being taken off the market: 16 If you would like to know what your home is worth or a free list of homes for sale, p... 01/18/2010

Salt Lake Short Sale Finally Closes-In Daybreak ! One of  our clients for a  Salt Lake City Short Sale finally closed-In Daybreak. That's in South Jordan UT, for those that don't know their Salt Lake City geography. It wasn't in time for Christmas, and these great clients didn't get to ring in the new year in their New Home, but it was real close. In fact there were a lot things that were real close. These Salt Lake home buyers were real close to walking away more than once. The First Time Home Buyer Tax Credit was real close to expiring; costing these home buyers thousands of dollars on a future home purchase. If the Tax Credit had not been extended when it was, these Salt Lake Home Buyers would have lost $8,000. Notification came just days before the date they had decided they would w... 01/17/2010

After another closed door session at the White House with union leaders - Unions will indeed be exempt from taxes on their Cadillac Health Care Plans. Those taxes amount to $80 billion over 8 years. Where will the Obama Admin. make up that difference? One avenue that is being looked at closely is to impose a sales tax on the sale of primary residences. This sales tax has been levied on Canadian home sellers for years, and is the primary reason all of my Canadian friends stay in there homes for decades. That should really help kick start the housing industry. This health care bill is a train wreck!! 01/15/2010

South Jordan Real Estate We here at South Jordan Realty continuously monitor local real estate statistics to keep our clients informed and ahead of the real estate trends.  Below you will find South Jordan real estate statistics for the week of January 4, 2010. Total number of homes currently for sale in South Jordan: 497 Total number of homes sold in South Jordan in the last 12 months: 658 Newly listed homes on the market: 42 Number of homes going under contract (offers accepted): 9 Number of homes sold: 5 Average sold price per square foot for existing homes: $85.11 Average sold price per square foot for new construction (never lived in) homes: $121.39 Number of homes being taken off the market: 18 If you would like to know what your home is worth or a free list of homes for sale, ple... 01/11/2010

South Jordan Real Estate We here at South Jordan Realty continuously monitor local real estate statistics to keep our clients informed and ahead of the real estate trends.  Below you will find South Jordan real estate statistics for the week of December 28, 2009. Total number of homes currently for sale in South Jordan: 480 Total number of homes sold in South Jordan in the last 12 months: 653 Newly listed homes on the market: 36 Number of homes going under contract (offers accepted): 5 Number of homes sold: 4 Average sold price per square foot: $74.79 Number of homes being taken off the market: 26 If you would like to know what your home is worth or a free list of homes for sale, please contact me. Angela Bobowski South Jordan Realty 801-604-1888 email: angela@bobowski.com 01/04/2010

South Jordan Real Estate We here at South Jordan Realty continuously monitor local real estate statistics to keep our clients informed and ahead of the real estate trends.  Below you will find South Jordan real estate statistics for the week of December 21, 2009. Total number of homes currently for sale in South Jordan: 466 Total number of homes sold in South Jordan in the last 12 months: 663 Newly listed homes on the market: 16 Number of homes going under contract (offers accepted): 8 Number of homes sold: 5 Average sold price per square foot: $80.96 Number of homes being taken off the market: 15 If you would like to know what your home is worth or a free list of homes for sale, please contact me. Angela Bobowski South Jordan Realty 801-604-1888 email: angela@bobowski.com 12/28/2009

South Jordan Real Estate We here at South Jordan Realty continuously monitor local real estate statistics to keep our clients informed and ahead of the real estate trends.  Below you will find South Jordan real estate statistics for the week of December 14, 2009. Total number of homes currently for sale in South Jordan: 467 Total number of homes sold in South Jordan in the last 12 months: 661 Newly listed homes on the market: 23 Number of homes going under contract (offers accepted): 16 Number of homes sold: 7 Number of homes being taken off the market: 18 If you would like to know what your home is worth or a free list of homes for sale, please contact me. Angela Bobowski South Jordan Realty 801-604-1888 email: angela@bobowski.com 12/21/2009

Utah County Homes for Sale - Earnest Money The Utah County Real Estate Purchase Contract involves more than just price.  You will have to discuss personal property possession, rent, tests, inspections, closing dates and more.  The one term that throws most buyers, especially first time buyers is Earnest Money Deposit.  What is it?  Why do I need to pay it?  Why do I have to pay so much? Not the Down Payment Many buyers show up to write their offer and announce to their agent that they do not have to put an earnest money deposit because they are getting down payment assistance or 100 percent financing.  Communication is very important, it is not difficult to see where an inexperienced buyer would confuse one deposit for another, so do not feel bad if you, too, just learned something new.... 12/19/2009

South Jordan Real Estate We here at South Jordan Realty continuously monitor local real estate statistics to keep our clients informed and ahead of the real estate trends.  Below you will find South Jordan real estate statistics for the week of December 7, 2009. Total number of homes currently for sale in South Jordan: 470 Total number of homes sold in South Jordan in the last 12 months: 665 Newly listed homes on the market: 28 Number of homes going under contract (offers accepted): 20 Number of homes sold: 6 Number of homes being taken off the market: 14 If you would like to know what your home is worth or a free list of homes for sale, please contact me. Angela Bobowski South Jordan Realty 801-604-1888 email: angela@bobowski.com 12/14/2009

Buying a Home in Utah County There are a number of things to consider when choosing the right Utah County 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 below... 12/13/2009

Utah County First-Time Home Buyer - Getting Pre-Approved - Utah Home Loans Buying your first Utah County Home?  Well this can be a wonderful experience for you or this could be a disaster.  It all depends on how prepared you are when the process starts.  Your first step is getting Pre-Approved. Financing a Utah County Home can be a difficult process for you, especially finding the right loan.  What you need to be concerned about is not getting the financing, but getting the right financing.  You will want to find the best terms at the lowest cost.  You will want to meet with a loan officer to review your financing options; you will need to meet with a lender who can explain all of the different types of loans that you will be able to afford as well as the program that will help you meet... 12/08/2009

South Jordan Real Estate We here at South Jordan Realty continuously monitor local real estate statistics to keep our clients informed and ahead of the real estate trends.  Below you will find South Jordan real estate statistics for the week of November 30, 2009. Total number of homes currently for sale in South Jordan: 464 Total number of homes sold in South Jordan in the last 12 months: 666 Newly listed homes on the market: 38 Number of homes going under contract (offers accepted): 12 Number of homes sold: 13 Number of homes being taken off the market: 41 If you would like to know what your home is worth or a free list of homes for sale, please contact me. Angela Bobowski South Jordan Realty 801-604-1888 email: angela@bobowski.com 12/07/2009

Utah County Home Loans and Mortgages, Getting the Best Rate. As a Utah County Home Buyer, it only makes sense to try and get the lowest rate possible when obtaining a Home Loan.  After all, the rate is the primary factor in determining your house payment.  But how do you get a low rate when applying for a home loan?  This is the primary question that most home buyers want to know.  I would like to explain some important ideas that you need to keep in mind. Credit Score One of the primary factors in helping to determine your interest rate is your credit score and financial history.  In other words the best interest rates are usually reserved for those with the highest credit score.  So if you credit score is not very high the chance of getting a lower interest rate is not very good.  It ... 12/06/2009

Utah Home Buyers - Private Mortgage Insurance (PMI) - Early Exit Private Mortgage Insurance (PMI) is the safety net of the lender.  PMI benefits lenders because it guarantees payment on the balance of loans not covered by the sale of foreclosed properties. If a borrower makes a down payment of 20% of the cost of the home, the lender can generally trust that he will make his mortgage payments faithfully to protect a large investment. In this case, the lender comes out ahead if the borrower is forced to foreclose on his house, because the lender loans 80% of the cost of the house, but will probably recover 100% of the cost of the house. But, if the borrower makes a smaller down-payment, such as 3%, 5% or 10%, and borrows the rest, and then defaults on his loan, the lender loses money. If ... 12/05/2009

Utah County Mortgage Rates and the $8,000 First-Time Home Buyer Tax Credit - Utah Home Loans Utah County Mortgage Rates are fast approaching all-time low status.  I believe we will continue to see this trend throughout the New Year.  With 30 year rates hovering around 4.75% and the $8,000 Tax Credit still available through June of 2010, many first time home buyers are considering coming out of the closest.  Should the Utah County Home Buyer take action now, or should they wait for further lowering of Mortgage rates?  My belief is that rates will go lower but not much, so what advantage would the home buyer have of waiting for the quarter or half percent that might come.  Now is the time to take action. With an abundance of short sale and bank owned properties on the market, the combinat... 12/01/2009

South Jordan Real Estate We here at South Jordan Realty continuously monitor local real estate statistics to keep our clients informed and ahead of the real estate trends.  Below you will find South Jordan real estate statistics for the week of November 23, 2009. Total number of homes currently for sale in South Jordan: 468 Total number of homes sold in South Jordan in the last 12 months: 651 Newly listed homes on the market: 25 Number of homes going under contract (offers accepted): 7 Number of homes sold: 12 Number of homes being taken off the market: 12 If you would like to know what your home is worth or a free list of homes for sale, please contact me. Angela Bobowski South Jordan Realty 801-604-1888 email: angela@bobowski.com 11/30/2009

South Jordan Real Estate We here at South Jordan Realty continuously monitor local real estate statistics to keep our clients informed and ahead of the real estate trends.  Below you will find South Jordan real estate statistics for the week of November 16, 2009. Total number of homes currently for sale in South Jordan: 457 Total number of homes sold in South Jordan in the last 12 months: 648 Newly listed homes on the market: 31 Number of homes going under contract (offers accepted): 17 Number of homes sold: 11 Number of homes being taken off the market: 15 If you would like to know what your home is worth or a free list of homes for sale, please contact me. Angela Bobowski South Jordan Realty 801-604-1888 email: angela@bobowski.com 11/23/2009

Just a quick update on the shops and restaurants opening for business in Daybreak's SoDa Row Village center. Oopsie Daisy Children's Boutique - Now OpenGuy's Barber Shop - Now OpenBlack Diamond Gymnastics - Now OpenSan Gelato Café - November 1st 2009Classic Cleaners - November 1st 2009Tio's Mexican Restaurant - December 1st 2009The Flower Shop - December 1st 20099 Salon and Day Spa - December 15th 2009Wabi Sabi - December 30th 2009Zion's Bank - Summer 2010 There was also supposed to be a bar opening in SoDa Row, but South Jordan put a block on that one (at least that is my understanding). It is not completely dead, but they do need to hook up with a restaurant before they can get the go ahead. You can read the original Daybreak's SoDa Row Village Center Update post on my Salt Lake Real ... 11/19/2009

South Jordan Real Estate We here at South Jordan Realty continuously monitor local real estate statistics to keep our clients informed and ahead of the real estate trends.  Below you will find South Jordan real estate statistics for the week of November 9, 2009. Total number of homes currently for sale in South Jordan: 456 Total number of homes sold in South Jordan in the last 12 months: 644 Newly listed homes on the market: 24 Number of homes going under contract (offers accepted): 15 Number of homes sold: 7 Number of homes being taken off the market: 24 If you would like to know what your home is worth or a free list of homes for sale, please contact me. Angela Bobowski South Jordan Realty 801-604-1888 email: angela@bobowski.com 11/16/2009