Orem, UT Real Estate News

By Robert A. Hulme, Home Listing Partner
(Home Buyer Realty Utah)
Utah County Homes for Sale, Vacating your Property When is the proper time for the Seller to vacate their property after closing?  This question comes up quite often during the process of the Real Estate transaction.  Just when the proper time is, depends solely on the wording within the Real Estate Purchase Contract.  Unless the property is vacant, generally speaking the seller has until after recording with the county.  Most important is how much was indicated within the REPC.  Usually it takes about a month to close a smooth transaction on a purchase.  If the transaction turns out to be a nightmare, then the closing could go on for an extended period of time.  Another method that can be used is an occupancy agreement between the parties.  If the seller needs more time to move, the Re...
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By Robert A. Hulme, Home Listing Partner
(Home Buyer Realty Utah)
Utah County Homes for Sale, House or Home When it becomes time to sell many times real estate agents will refer to your home as real estate, they will refer to your purchase as a "home".  Yet, if you are selling property, they will refer to it as a "house".  There is a reason for this.  Buying real estate is often an emotional decision, but when selling real estate you need to remove emotion from the equation.  You need to think to think of your house as a marketable commodity, Property, Real Estate.  The goal of your Realtor is to get buyers to view your property as their potential home, not yours.  If you do not consciously make this decision, you can inadvertently create a situation where it takes longer to sell your property. Another important thing you must do to your property is t...
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By Robert A. Hulme, Home Listing Partner
(Home Buyer Realty Utah)
Utah County Homes for Sale, Sell your Home before You Purchase a New One 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 ...
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By Robert A. Hulme, Home Listing Partner
(Home Buyer Realty Utah)
Utah County Homes for Sale, Buying your First Home Well the time has come; you are finally out making a good living.  You are beginning to get tired of paying rent, the number one advise that friends and family are giving you is, Buy a House.  By this time you are about to be hitched and have probably saved enough money for a down payment.  After a fair amount of thinking about it, you jump over the first hurdle and decide to go for it.  Now once you are focused about what you want you then jot down a list of things you want in a house.  That being done the search begins.  These days the task of sifting through hundreds of potential houses is not as hard.  With a few mouse clicks, you can see multiple house listings and take virtual tours of houses for sale. The key points to consider a...
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By Don Andersen
(Don L Andersen Real Estate)
A home is a place of your own where you can raise your family, share with friends and feel safe and secure. Other benefits for homeowners include better physical health, higher lifetime income, higher student test scores, and lower teen delinquency.  Reduced prices and low interest rates have placed housing affordability at its highest but rates have started inching up in the past few weeks which will directly result in higher payments. Credit, debt ratios and income are the limiting factors that could be keeping you from taking advantage of these opportunities. Isn't it time you found out where you stand to buy a home? The benefits of talking with a qualified mortgage officer and pre-approval are without question. It saves time, money and removes the uncertainty of not knowing. The di...
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By Kim Boekholder Utah Real Estate, Broker, Results Real Estate
(Results Real Estate 801.580.5624)
594 S Lake View Drive Looking for your new dream home?  No need to look any further.  You'll be amazed at the top of the line craftsmanship DR Horton puts into each and every one of their homes.  Affordable luxury waiting for you.  Your only a few steps away from your new DR Horton home.  To find out more click here: Make sure you mention how you found your new dream home!       MLS 986220 :  594 S Lake View Drive, Orem Utah  Sleepy Ridge subdivision/project Features 3062 sqft, 3 bedrooms 2 bathrooms, Ranch/rambler  home Gorgeous      For More Homes in Utah, check out DR Hortons Website, Don't forget to mention who sent ya!  Found your dream home just need to find a lender? go to Marylee          *permission to advertise DR Horton home by Sales Division of Utah DR Horton and Marylee Gil...
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By Kim Boekholder Utah Real Estate, Broker, Results Real Estate
(Results Real Estate 801.580.5624)
563 S Lake View Drive, Orem Utah  Looking for your new dream home?  No need to look any further.  You'll be amazed at the top of the line craftsmanship DR Horton puts into each and every one of their homes.  Affordable luxury waiting for you.  Your only a few steps away from your new DR Horton home.  To find out more click here: Make sure you mention how you found your new dream home!   MLS 986098: 563 S Lake View Drive, Orem Utah, in the Sleepy Ridge subdivision Features 3658 sqft, 3 bedrooms 2 bathrooms, Ranch/rambler  home Gorgeous      For More Homes in Utah, check out DR Hortons Website, Don't forget to mention who sent ya!  Found your dream home just need to find a lender? go to Marylee          *permission to advertise DR Horton home by Sales Division of Utah DR Horton and Maryle...
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By Robert A. Hulme, Home Listing Partner
(Home Buyer Realty Utah)
Utah County Homes Sold in Orem, Utah - 2010 Month Jan 2010 Units 24 Sales Volume $5,656,970.00 Avg. List Price $230,000.00 Avg. Sold Price $201,650.00     Sq. Ft. 2,689 Per Sq. Ft. $80.82       Feb 2010 40 $8,819,163.00 $197,400.00 $180,700.00   1,87 $97.38       Mar 2010 51 $9,141,600.00 $195,000.00 $174,000.00   2,050 $85.37       Apr 2010 44 $7,882,400.00 $184,950.00 $163,000.00   1,955 $87.99       May 2010 69 $13,536,594.00 $199,900.00 $181,685.00   2,236 $88.77       Jun 2010 49 $9,200,715.00 $187,900.00 $181,000.00   2,116 $82.83       Jul 2010 47 $9,762,187.00 $199,900.00 $179,750.00   2,350 $90.20       Aug 2010 39 $8,098,458.00 $199,500.00 $182,000.00   2,576 $79.71       Sep 2010 56 $12,358,659.00 $199,900.00 $174,500.00   2,325 $79.06       Oct 2010 45 $8,455,287.00 $189,900...
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By Robert A. Hulme, Home Listing Partner
(Home Buyer Realty Utah)
Utah County Real Estate - The Right Home for You 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, a...
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By Utah Real Estate Search Utah County Realtor, Home Listing Partner
(Home Buyer Realty Utah)
Utah County Homes for Sale - Buying Your First Home Well the time has come; you are finally out making a good living.  You are beginning to get tired of paying rent, the number one advise that friends and family are giving you is, Buy a House.  By this time you are about to be hitched and have probably saved enough money for a down payment.  After a fair amount of thinking about it, you jump over the first hurdle and decide to go for it.  Now once you are focused about what you want you then jot down a list of things you want in a house.  That being done the search begins.  These days the task of sifting through hundreds of potential houses is not as hard.  With a few mouse clicks, you can see multiple house listings and take virtual tours of houses for sale. The key points to consider ...
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By Robert A. Hulme, Home Listing Partner
(Home Buyer Realty Utah)
Utah County Real Estate - Renting Downside There are certainly some advantages and disadvantages to renting versus owning your own home.  When you rent, you are normally limited on what you can do to improve your home.  You have to get permission to make changes or improvement to the home.  It really doesn't make sense to paint, put in new carpet, tile or window coverings when the main person who benefits is the landlord.  The landlord wants to keep expenses to a minimum and will probably not be spending much to improve the property as well.  When you own the home you do pretty much whatever you want to.  You get the benefit of any improvements you make.  You can really make your home a home. Search Utah MLS Listings - Utah's Finest MLS Home Search, Utah County's Exclusive Home Buyer Se...
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By Robert A. Hulme, Home Listing Partner
(Home Buyer Realty Utah)
Utah County Real Estate - Homeownership - Tax Savings With the Housing Market taking a tumble recently, the fact that Homeownership is still one of the best investments goes unnoticed.  Income tax deductions basically allow for the Federal government to subsidize the purchase of your home.  All of the interest and property taxes you pay in a given year can be deducted from your gross income to reduce your taxable income. Property taxes are also deductible.  Whatever property taxes you pay in a given year may also be deducted from your gross income, lowering your tax obligation.  Remember to consult with a Certified Public Accountant to see how the above will affect you directly. Search Utah MLS Listings - Utah's Finest MLS Home Search, Utah County's Exclusive Home Buyer Service - Utah H...
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By Robert A. Hulme, Home Listing Partner
(Home Buyer Realty Utah)
Utah County Real Estate - Mortgage and Down Payment How do you know which type of mortgage product is best for you?  There is no simple answer to this question?  The right type of mortgage for you depends on many different factors: •·         Your current financial situation •·         How much you expect your finances to change •·         How long you intend to stay in your house •·         Your tolerance for having your mortgage payment changing from time to time. Most important is to consult a mortgage loan professional when it is time to decide what is right for you. The down payment required with your loan quite probably will be less than you think.  Many first-time buyers are surprised to learn there is no fixed answer to this question.  Usually the down payment will range anywher...
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By Utah Real Estate Search Utah County Realtor, Home Listing Partner
(Home Buyer Realty Utah)
Utah County Homes for Sale - Seller Disclosures and the Offer When touring prospective Utah County properties to purchase, we are very careful to look at the walls and the ceiling, turn on faucets, and play with light switches, but how thorough should we be?  The seller has years of knowledge about his or her home and there may be things you want to find out about as quickly as possible.  For this reason, you should require certain disclosures as part of the offer. You want the seller to disclose any adverse conditions that may have a substantial impact on your decision to purchase the home.  This must include any problems with the house, whether the property is in a flood zone, a noise zone, or any king of hazardous area. When you have a Utah County Realtor representing you, this is al...
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Energy Auditing Municipal Buildings for the city of Orem, Utah | Information gathered from any Utah energy audits of the city government buildings in Utah County can be used to determine energy efficiency, retrofitting and weatherization projects. Retrofitting projects will include air infiltration, energy efficient windows and doors, insulation levels, weather-stripping and caulking, and electric base loads.   Using the data from the energy audit to retrofit and improve the energy efficiency of a number of it's municipal buildings that will result in substantial reduction in energy usage.   DOES ADDING INSULATION REALLY HELP?    Third Party Energy Auditing Verification by Alamo Infrared on Episode 116 of Homes Today Utah. An old home was chosen in Salt Lake City, Utah for an energy ret...
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By Utah Real Estate Search Utah County Realtor, Home Listing Partner
(Home Buyer Realty Utah)
Utah County Homes for Sale - Refinance or Upgrade With the real estate market going through all the changes it is presently going through, many new questions start to come up.  Should I buy a new home?  Should I re-finance my present home?  Should I rent out my present home and Upgrade to a new home?  The scenario I see quite often these days is the later.  Many of my home buyers are looking into renting their present home due to the high demand that there is for rentals.  Once they find a good qualified renter, the next step is to take advantage of the great deals available on new homes and the low interest rates that make it possible to upgrade and keep their payment reasonable. The re-finance scenario is more difficult to accomplish, due to the decline in the home values and the loan...
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By Robert A. Hulme, Home Listing Partner
(Home Buyer Realty Utah)
Utah County Real Estate - Federal Housing Authority (FHA) Home Loans 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 alon...
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By Utah Real Estate Search Utah County Realtor, Home Listing Partner
(Home Buyer Realty Utah)
Utah County Homes for Sale - Private Mortgage Insurance (PMI) Private Mortgage Insurance is used by Home Loan Buyers to insure the lender against default if the borrower has less than 20 percent down.  Private Mortgage Insurance can be a very costly insurance premium that is necessary as part of loan qualifications set by Fannie Mae and most secondary market investors.  With the right loan, it doesn't have to be an obstacle.  How much does Private Mortgage Insurance Cost? PMI increases your monthly payment and could be tax deductible.  PMI varies, but can be estimated by taking about one-half percent of the total loan amount.  With a home selling for $300,000 and 10 percent down or $30,000, the annual cost of PMI on your $270,000 loan would be approximately $1,350 annually or an extra $...
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By Utah Real Estate Search Utah County Realtor, Home Listing Partner
(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 ...
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By Utah Real Estate Search Utah County Realtor, Home Listing Partner
(Home Buyer Realty Utah)
Utah County Homes for Sale - Dress for Success - The Showing 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 fru...
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