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Real Estate, Homes, News, Statistics and more

Archive for August, 2009

New Holladay Townhome for Sale

Posted by UtahCribs, Real Estate, Homes on August 31, 2009

Here’s a new townhome we just listed for sale. Please call us if you are interested. It’s a solid buy in a great area. Thanks!

Presented by: Brad Miles 801-428-7223

List Price: $239,900 MLS# 909574  Stat: Active Ref # 1  
Address: 4802 S DIPO PL  Type: Condo Style: Townhouse/Row-End
City: Holladay,   UT 84117  Project: TIDEWATER
Prop. Tour:  NA NS/EW: 4802 S / 1360 E    
 Tot Sq Ft: 1678
 Tot Beds: 3
 Tot Baths: 3.00
 Family Rms: 1
 Fireplace: 1
 Gar|Port: 2 | 0
Yr Built: 1978
Taxes: $1,174
Acres: 0.01
HOA Fee: $206
Under Cnst: No
Fin Bsmnt: 0%
 Exterior: Aluminum/Vinyl
 Lot Facts: Fenced Full, Sprinkler, Auto-Full
 Features & Info: Patio / Dishwasher, Disposal, Gas Log, Jetted Tub
 Inclusions: Range, Refrigerator, Water Soft Own
Remarks: Great Holladay location!Quiet Street perfect for retired couple or newlyweds.Has a sun room that gives an additional 159 sq ft to house.Potential to use main floor bedroom as a master suite.Clean and neat, don’t miss out on this one. Buyer to verify all.

Information deemed reliable but not guaranteed. Buyer to verify all information.
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Housing is on the Recovery.

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

I am sure many of you are reading the news online, watching your favorite news channel for the next prediction of the housing situation.

I found this comprehensive article that I think explains it perfectly. Now I need to throw out the fact, whenever statistics are quoted in a generic article they are referring to the nation as a whole, not the local target markets of your specific area. Some states and cities have faired better than others, and therefore have much better statistics.

Now lets lay out the facts for everyone. I won’t try and predict, or pull out my trusty crystal ball that I pull out when I am with clients.. They are the only people that are privledged enough to see my secret weapon.

1- Interest rates are still at an all time low historically speaking.
2- Home prices have been dropping, and the median home price has come down to the realm of I don’t know “affordability”?
3- The housing market has seen a boost in the last several months in help to.
1- Affordable Homes
2- Low Interest Rates
3- Govt. Incentives
4- After waiting for the bottom to fall out. People realized the end of the world wasn’t here quit yet..

So, read this article let me know what your thoughts are.

are..

I like being optomistic, it is my nature. I am a firm believer in postive news, we get so hung up on everything that is going wrong and forget to notice the obvious. Life goes on. So in the spirit of hope. We are on the road to recovery. It will not be easy, it will not be smooth, however we will pull out of this mess. And maybe we will all make a little money one day in the future..

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Affordable Housing is Stabilizing. Higher End homes still could see a double dip in lower prices.

Posted by UtahCribs, Real Estate, Homes on August 29, 2009

Some interesting news for those of you who are looking to wait on the lower end affordable housing. Experts agree that there are signs of stabilization in the Real Estate markets. However most economists agree that is on the lower end side of the market.. Which in translation means the affordable housing. Obviously your upper price ranged homes are still getting slaughtered. Duh! You mean no body wants to buy a 3 million dollar home in West Valley UTAH?

Reality Check folks. Lower priced homes / or what I call affordable, because your average family can not afford a $400,000 home is starting to stabilize and most likely has seen its bottom. The upper priced inventory could possibly see a double dip in lower pricing 🙂 Which is not surprising to me at all. More like I expected that. The point they are trying to make that majority of people can only buy in the lower priced homes, so don’t sit around thinking you are going to see another 50% drop. I mean I would love to buy a home on the East side in Sandy for $50,000 but something tells me that is never going to happen..

Enjoy…

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July New US Home Sales Up 9.6 Percent..

Posted by UtahCribs, Real Estate, Homes on August 29, 2009

So in a time of bad economic news every single night when I get home. I welcome the news supporting the stabilization of the Real Estate Market. And no, not only because I am in the Real Estate industry, but simply based on the fact if the Real Estate markets continue to stabilize the rest of the economy will fallow suit. If you all haven’t noticed, when the Real Estate and Mortgage markets fell apart, as did the rest of our wonderful economy. So all of you nay-sayers should be rooting for the Real Estate industry to get back on its feet..

New Home Sales UP…

Posted in Economy Update., Real Estate Deals, Utah News | Leave a Comment »

How to Price your Home… This is a great example.

Posted by UtahCribs, Real Estate, Homes on August 27, 2009

I know many of you have heard about the struggles of the Real Estate industry.. So I thought you would find it funny to see how the leaders of our country conduct their personal Real Estate transactions.

If Timothy Geithner—the current United States Secretary of the Treasury—can’t price his home to sell…what does that say about the ability of your clients to price a home correctly in today’s market?

Watch this hilarious outtake of how NOT to sell a home. And this is from the man with a large role in directing the Federal Government’s economic response to the financial crisis—unbelievable!!…

Posted in Economy Update., Real Estate Deals, Utah News | Leave a Comment »

Why Rent when you can BUY

Posted by UtahCribs, Real Estate, Homes on August 26, 2009

Another great article in reference to “Why Rent when You can BUY”. Prices are low, interest rates are low, tax incentives are great! Why not? Now there are many reasons why one should or shouldn’t. Bottom line if your finances are in order, and you have a down payment, because in today’s world FHA financing is often times the only option for first time home buyers. That would be roughly on average 3.5% of the purchase price. Now if you are not going to do an FHA loan you will need to put any where from 10 – 20% down. That is the only little fact this article didn’t point out. So keep that in mind as you read this article.

Based simply on the many different articles that are coming out in relation to Buying a home in todays market, I would say this is good news.

Why Rent When You Can BUY!

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Home Prices post increase from 1Q to 2Q? Are home prices on the rise?

Posted by UtahCribs, Real Estate, Homes on August 25, 2009

I love the media, as you will notice over the next few days. I will be posting several articles explaining the change of media coverage for the housing industry. One source will say Home Prices are on the rise? And others will say we are in for a long haul? What is the truth?

Have we seen the bottom of the housing market? I have a business partner who would say stick to the facts. Or the numbers more specifically. Now I think you will enjoy this article. I will give a quick summary. As a whole most major cities throughout the US have seen an overall decline of 20 -30% depending upon where in the country you are located “obviously”. But if you take the statistics from the 1 quarter of 2009 and compare it to the 2 quarter of 2009 there has been an increase in purchase price. Now what does that mean? Basically means that the average sell has gone up over the last 3 months. Fact!

So as I do believe we are in this for the long haul, I also believe that stabilization is coming and hopefully sooner than later the rest of the media will realize that as well.

1 Quarter compared to 2 Quarter

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Waldorf Dakota Mountain Lodge, Utah’s first Waldorf Astoria luxury brand hotel.

Posted by UtahCribs, Real Estate, Homes on August 24, 2009

The new Dakota Mountain Lodge at the Canyons Ski resort in Park City has just opened this month. For those of you not familiar with the Waldorf Astoria Hotels.. They are a very high end luxury hotel, many are familiar with the main hotel in NYC the Waldorf.. Which you often times see in movies.

This is great news, and we are very excited to have this brought to our community. This is great news to our local economy. This is one of the worst economic downturns our country has seen since the great depression, and our local economy is getting a Waldorf Astoria! Now this doesn’t mean our problems are over, HELLO.. I know that, however this puts Park City, and some of our other famous ski resorts up there with Whistler, Vail and Telluride. In the long term this will just continue to give accredidation and exposure for out great state. I am glad to see this. And as locals we should all get out and go check out this amazing hotel.

Check it out…

Posted in Economy Update., Utah News | Leave a Comment »

Why Rent when you can buy? Buying is as affordable and renting..

Posted by UtahCribs, Real Estate, Homes on August 21, 2009

It is a buyers market now days.. And here is an article to read that explains it perfectly. I am under the impression, that this statement is true right now, but probably not for to much longer. As higher interest rates will probably effect the average buyer come 2010.

Thoughts?

Posted in Economy Update., Utah News | Leave a Comment »

New 4plex in Salt Lake

Posted by UtahCribs, Real Estate, Homes on August 20, 2009

Look at the rents and price! This new listing will be a great investment. Solid brick exterior for easy maintenance, good area, and good rental history. Call us if you want to see it.

Presented by: Brad Miles 801-428-7223

List Price: $279,500 MLS#885844 Stat: Active Ref # 1  
Address: 1311 E WOODLAND AVE Type: Fourplex Style: Side by Side
Quadrant: SE Coord: 3180/1311 Sold Price: $0 Area: 102
City: Salt Lake City, UT 84106 Project:
Tot Sq Ft:2,400
Gar/Port: 0/0
Yr Built: 1960
Taxes: $1,911
Acres: 0.20
Prop. Tour: NA

Bedrooms:
Baths:
Fireplace:
Square Ft:
Rent:
Unit 1
1
1
0
600
$500
Unit 2
1
1
0
600
$600
Unit 3
1
1
0
600
$550
Unit 4
1
1
0
600
$450
Features & Info: Basement Entrance, Storm Doors / Range-Oven Free Std / Joint Gas Meters, Joint Water Htrs, Separate Air, Some Utilities in Rent
Inclusions: Range, Refrigerator, Window Covers, Workshop
Remarks: All brick, three units up one down. Landlord shop storage area in bsmt (approx 400 sq.ft.) Across from the Brickyard shopping center and close to St.Marks Hospital…No sign no keybox do not disturb tenants. Offers subject to insp. Agent related to seller

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

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