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Showing posts from October, 2012

Buy Vs. Rent

Many people don't know what it actually costs to continue to rent instead of buying. I hope that this will help you in your homebuying process. If you are unsure what numbers to plug in you can always call me or send me an email. This link will allow you to plug in your own numbers and compare for yourself. http://www.nytimes.com/ interactive/business/buy-rent- calculator.html Please give me a call when it is time for you to buy.

UTAH ranks #6 in the nation in rising home prices.

UTAH ranks #6 in the nation in rising home prices. This increase is welcome news to home owners. AZ ranked #1 with 12.9% appreciation; Idaho #2 @ 8.67%; Florida #3 @ 7.44%; Michigan #4 @ 7.25%; Ark. is #5 @ 7.18% and UTAH saw 7.1% appreciation in home prices in the second quarter compared to a year ago. So what does this mean to you as a buyer? By waiting another year you will be looking at a $10,000-15,000 increase in home prices. As well interest rate increases. Do you want to take the chance by waiting? What this means is an extra $100.00 or more to your monthly payment for the same house. Can you afford the increase? For sellers now has never been a better time to sell with the increases that have and continue to occur, and the lack of homes on the market. Homes are now going under contract in 34 days compared to 74 a year ago and most with Multiple offers. Get your FREE evaluation done today www.saltlakecityhomeinfo.com

DEC. 31st GOVERNMENT DEADLINE LOOMS

DEC. 31st GOVERNMENT DEADLINE LOOMS http://tbwsdailyshow.com/2012/ 09/24/short-sale-now-or-pay- the-feds/?utm_source= feedburner&utm_medium=email& utm_campaign=Feed%3A+ TheTbwsDailyShow+%28The+TBWS+ Daily+Show%29 Watch the first 2 minutes of the above link. For many people in the U.S. it's either SHORT SALE NOW or PAY TAXES.  If you know someone I should be helping who is in a bad situation....please pick up the phone and let me know. I specialize in helping people!

How much really are monthly payments?

Buyers often place too much importance on the price of a home, and not enough emphasis on a home’s actual cost. The graphic below illustrates how much a $100,000 home’s monthly payment increases by just slight increases in interest rates. Now imagine a $200,000 or $300,000 home, with payments being made over the typical term of 15 or 30 years loan.   YEAR 30 YEAR MORTGAGE P&I PAYMENT ON Int erest Rate $100,000 Mortgage ______________________________ __________________ 2003    6.15%    $609.23 2004    5.75%    $583.57 2005    5.77%    $584.84 2006    6. 40%    $625.51 2007    6.38% ...