Utah~ Senate Bill 42 was just passed

Great information on short sales in Utah~ Senate Bill 42 was just passed!

A bill that places a THREE-MONTH LIMIT ON LENDERS WHO WANT TO PURSUE A DEFICIENCY JUDGMENT FOLLOWING A SHORT SALE. Prior to the bill's enactment, lenders could wait up to six years before going after borrowers for any unpaid mortgage balances.

CALL ME IF YOU NEED HELP SELLING YOUR HOME

Utah Realtor Magazine-by Christopher Kyler, J.D. UAR Chief Executive Officer

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Before You Sell

Deciding to put your home on the market can bring on a wide range of emotions. You may feel excitement at the prospect of moving on or moving up. Some sellers feel anticipation about what the future holds and about what kind of deals buyers may bring to the table. On the opposite end of the spectrum you may be feeling sadness or even regret. That's because selling your house can feel a lot like selling your home . Any and all of these emotional responses are normal! In order to stick to your guns and to keep on the sunnier side of the selling process it's important to do five key things before you sell. Feeling prepared and in control of a situation is paramount in feeling good about your decision. Here are the five pre-selling tips: Organize Paperwork: You most likely have papers regarding any home warranties. Prospective buyers are going to want to have these. Having them ready for viewing is a great selling point. You might also consider putting together a list of cu...

What is Appraised Value?

1. Appraisals provide an objective opinion of value, but it’s not an exact science so appraisals may differ. 2. For buying and selling purposes, appraisals are usually based on market value — what the property could probably be sold for. Other types of value include insurance value, replacement value, and assessed value for property tax purposes. 3. Appraised value is not a constant number. Changes in market conditions can dramatically alter appraised value. 4. Appraised value doesn’t take into account special considerations, like the need to sell rapidly. 5. Lenders usually use either the appraised value or the sale price, whichever is less, to determine the amount of the mortgage they will offer. If you would like a FREE home evaluation done on your home I am always available to accomadte you. I can also sign you up for a free service I offer to all my clients you can recieve an emailed report monthly since the market is always changing. Used with permission from Kim Daug...

Add Value To Your Home With These 9 DIY Improvements

Whether you’re prepping your house to go on the market or looking for ways to maximize its long-term appreciation, these nine home improvement projects are great ways to add function, beauty, and real value to your home. The best part is, once you’ve secured the materials, most of these renovations can be completed over the course of a weekend. And they don’t require a lot of specialized skills or experience. So grab your toolbox, then get ready to boost your home’s appeal AND investment potential! Spruce Up Your Landscaping Landscaping improvements can increase a home’s value by 10-12%. 1 But which outdoor features do buyers care about most? According to a survey of Realtors, a healthy lawn is at the top of their list. If your lawn is lacking, overseeding or laying new sod can be a worthwhile investment—with an expected return of 417% and 143% respectively. 1 Planting flowers is another great way to enhance your home’s curb appeal. And if you choose a per...

Monica Cook Home and Lifestyles

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