Sunday, November 8, 2009
Find every home online, maps, and more!!
Sphere: Related ContentUtahValleyHomeFinder.com
Follow the link above to do home searches, save your favorite properties, be notified of price changes, see maps, calculate your mortgage payments on the homes you love, ask questions about real estate, and more!
Join our facebook group! Click here!
Wednesday, October 28, 2009
Moving To Windermere
Sphere: Related Content
Hey everyone!
I'm moving brokerages this week and will now be working at Windermere Real Estate. Coldwell Banker is a great company and has provided me with lots of great support.
Windermere will provide me with new opportunities and only help me to serve my clients better. I'm looking forward to the future!
I'm moving brokerages this week and will now be working at Windermere Real Estate. Coldwell Banker is a great company and has provided me with lots of great support.
Windermere will provide me with new opportunities and only help me to serve my clients better. I'm looking forward to the future!
Wednesday, September 9, 2009
Tuesday, August 18, 2009
New Lending Regualtions Could Delay Closings!
Sphere: Related Content
New lending rules that require mandatory disclosures and waiting periods for mortgage loans have many lenders advising buyers, sellers and real estate agents to plan for at least 30-day closings and to expect possible delays. The regulations, which went into effect July 30, are part of an amendment to the Truth in Lending Act that seeks to ensure consumers receive cost disclosures earlier in the mortgage process, says the Federal Reserve Board.
The new rules apply to all mortgages secured by the borrower's home, including primary and second homes as well as refinancings, and require lenders to give good faith estimates of mortgage loan costs within three business days after receiving a consumer's application for a mortgage loan. The rules prevent any fees from being collected before the consumer has received the early disclosures except for a reasonable fee for obtaining a credit report.
The new rules also include various waiting periods, including the requirement that a home loan cannot close until seven days after the borrower has been issued the initial disclosures.
Furthermore, the new regulations require lenders to disclose if the annual percentage rate on the loan changes by more than 0.125 percent from the amount stated in the initial disclosure. If there is a need for a corrected disclosure, the consumer has another three days to review the new document before the loan can close. Because APR is affected by a variety of items, a corrected disclosure may be needed if there are changes in the interest rate, loan product, closing date, settlement fees or other related items. If these changes occur unexpectedly, it could push back the closing.
In similar fashion, the Home Valuation Code of Conduct gives home buyers three days to review a copy of the appraisal before closing on the loan, unless they wait the right.
In addition to the new review periods, mailing dates could affect closings as well. In cases where the disclosures are mailed, they won't be considered received until three business days after the lender places them in the mail. For example, if corrected disclosures are mailed, the earliest the buyer could close would be on the sixth business day after the mailing (i.e., three business days for mailing and three business days for consumer review, with the consumer being allowed to close on the third review day). (Note: In terms of the three- and seven-day waiting periods, a business day is defined as all calendar days except Sundays and legal public holidays.)
Taken together, the new waiting periods could unexpectedly delay closings, especially if an appraisal comes in late or the APR changes. While the borrower may be able to waive the truth-in-lending waiting periods in a bona fide personal financial emergency, do not rely on this exemption. In your contracts, make sure your settlement deadlines provide enough time to accommodate for the new waiting periods. If you do end up in a situation where your buyers won't be able to meet the settlement deadline because of the timeframes in the new regulations, make sure to extend the REPC with an addendum.
(Source: Utahrealtors.com)
The new rules apply to all mortgages secured by the borrower's home, including primary and second homes as well as refinancings, and require lenders to give good faith estimates of mortgage loan costs within three business days after receiving a consumer's application for a mortgage loan. The rules prevent any fees from being collected before the consumer has received the early disclosures except for a reasonable fee for obtaining a credit report.
The new rules also include various waiting periods, including the requirement that a home loan cannot close until seven days after the borrower has been issued the initial disclosures.
Furthermore, the new regulations require lenders to disclose if the annual percentage rate on the loan changes by more than 0.125 percent from the amount stated in the initial disclosure. If there is a need for a corrected disclosure, the consumer has another three days to review the new document before the loan can close. Because APR is affected by a variety of items, a corrected disclosure may be needed if there are changes in the interest rate, loan product, closing date, settlement fees or other related items. If these changes occur unexpectedly, it could push back the closing.
In similar fashion, the Home Valuation Code of Conduct gives home buyers three days to review a copy of the appraisal before closing on the loan, unless they wait the right.
In addition to the new review periods, mailing dates could affect closings as well. In cases where the disclosures are mailed, they won't be considered received until three business days after the lender places them in the mail. For example, if corrected disclosures are mailed, the earliest the buyer could close would be on the sixth business day after the mailing (i.e., three business days for mailing and three business days for consumer review, with the consumer being allowed to close on the third review day). (Note: In terms of the three- and seven-day waiting periods, a business day is defined as all calendar days except Sundays and legal public holidays.)
Taken together, the new waiting periods could unexpectedly delay closings, especially if an appraisal comes in late or the APR changes. While the borrower may be able to waive the truth-in-lending waiting periods in a bona fide personal financial emergency, do not rely on this exemption. In your contracts, make sure your settlement deadlines provide enough time to accommodate for the new waiting periods. If you do end up in a situation where your buyers won't be able to meet the settlement deadline because of the timeframes in the new regulations, make sure to extend the REPC with an addendum.
(Source: Utahrealtors.com)
Tuesday, August 4, 2009
Housing Crisis Over..
Sphere: Related ContentThe Bottom!
In Utah it feels like it has already turned around. There are tons of buyers, and homes are selling. Contact me to get a free market analysis on your home, or your neighborhood!
Monday, July 27, 2009
Wednesday, July 15, 2009
Tuesday, July 14, 2009
Buyers Beware!
Sphere: Related Content
Home Buyers: Watch this link and become educated on the importance of reading documents and requesting documents in a transaction!
Agents: Help your buyers become more educated!
KSL.COM
Agents: Help your buyers become more educated!
KSL.COM
Tuesday, June 23, 2009
Provo/Orem ranked #2 place to start over
Sphere: Related Content
Click Here to read about how awesome Provo/Orem is. (Short article)
Tuesday, June 9, 2009
Dropped the prices of two listings!
Sphere: Related Content
Two Price drops! View all my listings here: http://oldham.postlets.com or My Website.
(or just look on the right hand side of the screen)
411 W. 4020 N., Provo, UT 84604
Was $332,900 - Now $294,900!
221 S. 1050 W. #35, Provo, UT 84601
Was $141,900 - Now $135,000!
Spread the word!
(or just look on the right hand side of the screen)
411 W. 4020 N., Provo, UT 84604
Was $332,900 - Now $294,900!
221 S. 1050 W. #35, Provo, UT 84601
Was $141,900 - Now $135,000!
Spread the word!
Thursday, May 28, 2009
Saturday, May 23, 2009
Just listed Home for sale!
Sphere: Related Content$167,000
4 bed, 2 full bath
Large laundry/utility room
New windows, tile, and kitchen countertops
Updated bathrooms
Hardwood floors
Large dining area
Huge corner lot (.2 acres) with fenced back yard
This updated brick and stucco home in Provo is close to the freeway, shopping, and schools! Bask in the shade of the mature fruit trees in your own secluded back yard. Lots of updates, and lots of room, this beautiful home is a perfect starter home, OR second home!
107 N 1100 W, Provo, UT 84601
Contact me to see today! (complete virtual tour coming soon!)
Housing Affordability at its highest in 18 years!
Sphere: Related Content
NAR announces housing affordability highest in 18 years!
Nationwide housing affordability jumped 10 percentage points during the first quarter of 2009 to its highest level since the series began 18 years ago, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI) released today.
Click Here For Full Report
Locally the story is similar!
In the Ogden-Clearfield area, 74.4% of all new and existing homes sold in the first quarter of 2009 were affordable to families earning the area's median income of $68,500. That's up 5% from the previous quarter and up 13% from the same period a year ago. In Provo-Orem, 65.3% of all homes sold were affordable to families earning the median income of $62,900. That's up 12% from the previous quarter and up 21% from the same period a year ago. In Salt Lake, 65.9% of all homes sold were affordable to families earning the median income of $67,800. That's up 7% from the previous quarter and up almost 20% from the same period a year ago.
Nationwide housing affordability jumped 10 percentage points during the first quarter of 2009 to its highest level since the series began 18 years ago, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI) released today.
Click Here For Full Report
Locally the story is similar!
In the Ogden-Clearfield area, 74.4% of all new and existing homes sold in the first quarter of 2009 were affordable to families earning the area's median income of $68,500. That's up 5% from the previous quarter and up 13% from the same period a year ago. In Provo-Orem, 65.3% of all homes sold were affordable to families earning the median income of $62,900. That's up 12% from the previous quarter and up 21% from the same period a year ago. In Salt Lake, 65.9% of all homes sold were affordable to families earning the median income of $67,800. That's up 7% from the previous quarter and up almost 20% from the same period a year ago.
Monday, May 11, 2009
Buyer's Checklist
Sphere: Related Content
Are you buying, or thinking about buying a home? Go over this helpful checklist to get you started. Click Here (pdf) .
Also, remember to visit my website and 'request a hotsheet' to receive emails containing properties you are interested in. Click Here
Also, remember to visit my website and 'request a hotsheet' to receive emails containing properties you are interested in. Click Here
Saturday, May 9, 2009
New Website
Sphere: Related Content
Check out my new website. CLICK HERE Let me know what you think.
Sign up for a free hotsheet of homes sent to your email address daily!
What is a hotsheet? A hotsheet is a list of homes, generated by a computer, that is sent to your email daily containing homes/properties etc. that fit a specified criteria that you set! Visit my website and sign up today!
Sign up for a free hotsheet of homes sent to your email address daily!
What is a hotsheet? A hotsheet is a list of homes, generated by a computer, that is sent to your email daily containing homes/properties etc. that fit a specified criteria that you set! Visit my website and sign up today!
Wednesday, March 18, 2009
$14,000 in FREE money to buy a house!
Sphere: Related Content
UTAH Senate Bill 260 passed March 12, 2009 provides $6,000 grants to buyers of new homes
+
$8,000 first time homebuyer credit from the Government.
=
$14,000!
- ANYONE (in UTAH) buying a new home (meaning new construction) that has never been lived in, regardless of when it was built, is eligible for the $6,000.
- Income guidelines are the same as the federal tax credit program. ($8,000 credit)
- Any type of loan can be used to purchase the home, not limited to FHA or Utah Housing.
- Applications are to be obtained through Utah Housing
- Once an application has been approved, applicants have 90 days to close on a new (meaning new construction) home
- ALL homebuyers are eligible for this program, not just first time homebuyers
- Money is available on a first come, first serve basis
- Home buyers would have to secure a fixed-rate mortgage to qualify and would also need to have an income is $75,000 or less, or $150,000 or less for married couples
Contact me now to start searching!
+
$8,000 first time homebuyer credit from the Government.
=
$14,000!
- ANYONE (in UTAH) buying a new home (meaning new construction) that has never been lived in, regardless of when it was built, is eligible for the $6,000.
- Income guidelines are the same as the federal tax credit program. ($8,000 credit)
- Any type of loan can be used to purchase the home, not limited to FHA or Utah Housing.
- Applications are to be obtained through Utah Housing
- Once an application has been approved, applicants have 90 days to close on a new (meaning new construction) home
- ALL homebuyers are eligible for this program, not just first time homebuyers
- Money is available on a first come, first serve basis
- Home buyers would have to secure a fixed-rate mortgage to qualify and would also need to have an income is $75,000 or less, or $150,000 or less for married couples
Contact me now to start searching!
Friday, January 9, 2009
Subscribe to:
Posts (Atom)
