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Archive for May, 2009

FREE dinner June 4th.. 4pm – 8pm.. 650 W. South Temple, just west of Gateway Mall.

Posted by UtahCribs, Real Estate, Homes on May 30, 2009

090529Bridges party-client

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Dinner on Us Thursday Night June 4th. 4pm – 8pm.. Next to Gateway

Posted by UtahCribs, Real Estate, Homes on May 30, 2009

Bridges.party-client

 

Hey Everyone, we have a new project downtown.. We would like you all to come to a party this Thursday.. We will be having Dinner from Caputo’s Market and Deli.. Come enjoy the music and food.. And check out these great Downtown condos.. We will be there from 4pm – 8pm.. Stop by and grab some food. 650 W. South Temple. Just west of Gateway mall. If you are on 400 W. drive north until you get to 100 S. by the Energy Solutions arena.. Turn West and go through the Gateway Mall. Go west until you get to 600 W. and turn right (north). You will run right into it.. Hope to see you all there..

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Cheapest East Side duplex in Salt Lake

Posted by UtahCribs, Real Estate, Homes on May 30, 2009

Okay everyone, this is the cheapest duplex east of 1300 East in Salt Lake as of Saturday May 30th. List price is $229,000. Say you were able to negotiate $4,000 off to $225,000 and then put down 3.5% ($7,875) for an FHA loan, you’re monthly principle and interest payment would be $1,165 at current interest rates. Then you easily rent the other side out for $700, you will have a monthly payment of $465. That’s more appealing than renting to me. Please call us for financing options and terms. We’d love to help you out.

Presented by: Brad Miles 801-428-7223

List Price: $229,900 MLS#857382 Stat: Active Ref # 1
Address: 3973 S 2700 E 2 Type: Duplex Style: Side by Side
Quadrant: SE Coord: 3973/2700 Sold Price: $0 Area: 106
City: Salt Lake City, UT 84124 Project:
Tot Sq Ft:1,740
Gar/Port: 0/0
Yr Built: 1964
Taxes: $1,359
Acres: 0.17
Prop. Tour: Tour

Bedrooms:
Baths:
Fireplace:
Square Ft:
Rent:
Unit 1
1
1
0
870
$700
Unit 2
1
1
0
870
$670
Unit 3
0
0
0
0
$0
Unit 4
0
0
0
0
$0
Features & Info: Basement Entrance / Dishwasher Built-In, Hardwood Floors, Range-Oven Built In, Vaulted Ceilings / Covered Parking, Separate Power Meters, Separate Gas Meters, Separate Water Htrs, Separate Air, Laundry Hookup
Inclusions: Ceiling Fan, Refrigerator, Storage Sheds, Window Covers
Remarks: GREAT INVESTMENT W/HIGH RETURNS*BEST PRICE FOR EASTSIDE DUPLEX*UNIT #2 REMODELED W/NEW WINDOWS*600 S/F UNFINISHED BSMT UNDER UNIT #2 W/OUTSIDE ENTRANCE*NO SIGN-DON’T DISTURB TENANTS-MAKE OFFER SUBJECT TO INSPECTION*BUYER TO VERIFY ALL*OWNER/AGENT*

Information deemed reliable but not guaranteed. Buyer to verify all information.

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UTAH Great place to live, IN the USA TODAY

Posted by UtahCribs, Real Estate, Homes on May 19, 2009

I just want everyone to know how even in today’s current horrible economic status.. The rest of the country thinks we are the cats meow… And I will agree with them.. Our economy on a local level has not been hit as hard as the rest of the country, we still have the highest in migration in the entire country.. Unemployment in UTAH is one of the lowest.. And, apparently the New York Times, and USA Today think we are Great.. Here is another article from the USA TODAY explaining it..

Enjoy

http://www.usatoday.com/travel/destinations/secondhomes/2009-05-14-salt-lake-city_N.htm

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UTAH in the New York Times

Posted by UtahCribs, Real Estate, Homes on May 19, 2009

While the rest of the country is in dire straights, Salt Lake City UTAH is busteling with construction. The new Downtown City Creek Center Project, funded by, The Church Of Jesus Christ of Latter Day Saints is moving forward. This new project will be an example to the rest of the country of what to do..

This is a great article you all should read, it was written by the New York Times citing how wonderful our great city and state are….

http://www.nytimes.com/2009/05/13/realestate/commercial/13utah.html?_r=1&pagewanted=1

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Short Sales could become a lot easier?

Posted by UtahCribs, Real Estate, Homes on May 14, 2009

The Obama administration is expected to expand its mortgage aid program on Thursday, announcing new measures that would help homeowners avoid a blemished credit record even if they don’t qualify for other assistance.

The new initiatives are expected to include ways to allow borrowers to avoid foreclosure by selling their properties or giving them back to lenders, according to people briefed on the plan who declined to be identified because it has yet to be announced.

One way would be to encourage a “short sale,” in which the home is sold for less than the amount owed on the mortgage but the lender considers the debt paid off. Another option is a deed-in-lieu of foreclosure — in which the borrower gives the property to the lender to satisfy a delinquent loan and to avoid foreclosure proceedings.

Treasury Secretary Timothy Geithner and Housing and Urban Development Secretary Shaun Donovan are scheduled to appear Thursday morning with some borrowers who have benefited from the government’s housing aid program launched in March. An administration official said more than 55,000 offers have been made to modify borrowers’ loans in its first two months.

Short sales are often seen as preferable to foreclosure because they don’t harm a borrowers’ credit record as much as a foreclosure, butreal estate agents have complained that the process can drag out for months.

“The problem is it’s never clear who in a bank has the authority to approve a short sale,” said Howard Glaser, a mortgage industry consultant in Washington and a former HUD official. Federal standards “would speed the process for buyers and sellers by making it more efficient.”

The administration estimated earlier this year that as many as 9 million borrowers will be helped through its “Making Home Affordable” initiative, including up to 5 million borrowers who are refinancing loans and 4 million who are modifying mortgages at lower monthly payments.

So far, 14 companies representing about three quarters of the mortgage market have signed up and are in line to pocket a portion of $50 billion in incentives to lower borrowers’ monthly payments so they can stay in their homes.

“We are confident that banks and servicers will move as quickly as possible to modify these loans to avert additional foreclosures in the coming months,” Donovan said earlier this week.

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Interest Rates? What will happen?

Posted by UtahCribs, Real Estate, Homes on May 13, 2009

As many of you know, we are in an interesting moment in history. Our current economic situation is uncharted territory for many individuals. I am a 28 year old Real Estate Broker from Salt Lake City, UTAH. What do I know? 

That is the beauty of all this. None of us really know what is going to happen! We watch on the news every night different analysts telling us completely different things. 

Fact. Currently interest rates are at an all time low. Fact. Real Estate prices are depressed and lower than they have been in years. Fact. In Salt Lake City, Real Estate prices have gone back to the prices before the boom. So basically you can just push delete on the last 5 years. Almost like it never happened. 

Fact. Interest Rates can not stay this low forever. If they did we would be in a situation far worse than the current one. Inflation is on the rise, and the one thing the Fed. can control to combat that is raising interest rates. So, rest assured the one thing we all can predict right now, is that the great interest rates you are seeing advertised all throughout the media will not last forever. I am predicting by 2010 you will see an increase. Which will mean the average persons monthly payment will go up possible $200- $500 a month.. So take advantage now..

Spencer Janke

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America’s Best States To Live

Posted by UtahCribs, Real Estate, Homes on May 12, 2009

 

America’s Best States To Live
Rebecca Ruiz, 03.11.09, 01:00 PM EDT
Residents of these areas have a higher quality of life than others in the U.S.
image
In Pictures: America’s Best States to Live
It seems that the recession has touched every corner of American life. From factory workers to those in finance, Americans have been shaken by a contracting economy that has shed 4.4 million jobs since December 2007.
But a report released this week by Gallup and disease management company Healthways suggests that reality is less grim in certain states. In these places, residents enjoy their jobs, express deep optimism about future prospects and even manage to stay healthy.
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Utah earned the highest marks. Here residents reported a high level of satisfaction in several areas, including work environment, emotional health and their local communities. One major factor for Utah’s strong performance might be its unemployment rate: When last reported in January, it was 4.6% compared with a national rate of 7.6%. 

Now, this is a great article.. I found this in Forbes.. Just barely came out.. Apparently the rest of the country is picking up on how wonderful our State is…

 

Residents of these areas have a higher quality of life than others in the U.S.

 

It seems that the recession has touched every corner of American life. From factory workers to those in finance, Americans have been shaken by a contracting economy that has shed 4.4 million jobs since December 2007.

But a report released this week by Gallup and disease management company Healthways suggests that reality is less grim in certain states. In these places, residents enjoy their jobs, express deep optimism about future prospects and even manage to stay healthy.

Utah earned the highest marks. Here residents reported a high level of satisfaction in several areas, including work environment, emotional health and their local communities. One major factor for Utah’s strong performance might be its unemployment rate: When last reported in January, it was 4.6% compared with a national rate of 7.6%.

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NEW HUD HOME POLICY

Posted by UtahCribs, Real Estate, Homes on May 6, 2009

Utah State Page Attention All HUD Registered Brokers NEW! ***FHA Special Sales Incentives*** We are pleased to announce a special sales incentive for owner occupant purchasers who will be utilizing FHA financing. HUD is currently offering a $100 Down payment initiative. The $100 down payment is for owner occupants (Any individual who purchases a HUD home as their primary residence for it for at least 12 months after closing and who has not purchased a home from HUD as an owner occupant in the past twenty four months) purchasing a HUD Home with FHA financing, with full price offers. This incentive is also available to owner occupant purchasers who obtain an FHA Home Repair loan. It’s a great time to Purchase a HUD Home with FHA financing.or view the attached FAQ Link. Note: Earnest Money Policies and all other contract requirements will remain the same; these incentives do not apply with any other discount programs HUD endorses. “Full Price Offers” refers to the current list price. $100 Down payment financing is available on most properties through FHA approved lenders. If the purchase price is greater than the appraised value, the purchaser will be responsible for the difference between the overbid amount to be paid in cash at closing.

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New deal in Sugarhouse area.

Posted by UtahCribs, Real Estate, Homes on May 4, 2009

Ok everyone we have a new home we just found out about. Price is $260,000 and home has been completely remodeled. It is move in ready. At $260,000 seller can pay your closing costs. You CANNOT beat this area. Address is 2500 E. Elm Avenue (2160 S.) Let us know what you think.

2500-e-elm

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