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Provo, UT

Provo, UT - 2nd Quarter 08-09

Alan Barker - Utah Homes: Real Estate Agent in Logan, UT

Provo Real Estate had the largest decrease in number of homes sold in the county, decreasing 25 houses. Median price dropped 12.39%, below $200,000. Average sold price of homes in Provo had a small decrease of 2.5% but current average listings are up 33.7% higher than that.

Purchase or Rent? - Utah County Real Estate

Robert A.  Hulme - Utah County Real Estate - Provo: Real Estate Agent in Provo, UT

There are certainly some advantages and disadvantages to renting versus owning your own home. When you rent, you are normally limited on what you can do to improve your home. You have to get permission to make changes or improvement to the home. It really doesn't make sense to paint, put in new carpet, tile or window coverings when the main person who benefits is the landlord.

The landlord wants to keep expenses to a minimum and will probably not be spending much to improve the property as well. When you own the home you do pretty much whatever you want to. You get the benefit of any improvements you make. You can really make your home a home.

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Home Staging - Utah Home Loans

Robert A.  Hulme Loan Officer Utah County Home Loan: Loan Officer in Alpine, UT

The overall appearance of your home is one of the major factors to consider when placing in on the market to sell. The problem is, either you don't have or are not willing to spend the money to remodel. There are some inexpensive things that you can do to give the appearance of success without spending the money to make it happen.

Enhancements or redesigning of the kitchen usually is one of the first areas considered when thinking about what to do to improve the appearance of your home. But is it the most cost productive means. Many buyers would like and appreciate saving money on the purchase of the home, so that they can do the redesign themselves, this should always be considered when pricing your home for sale.

The frugal minded home seller should find a way to reduce the clutter in their home. Most seller agents suggest a home presentation company, especially for higher priced homes. But being frugal as most of us are, we need to take a closer look at what other options are available. One of the greatest benefits of getting rid of clutter is the perception of increased space in the home. There are a number of suggestions for creating this illusion:

· Clean out or empty closets

· Store away excessive furnishings

· Hide or store away personal items, such as family portraits, etc...

· Clean out all storage areas, take stock of those things that you can throw away

· Remove all bulky, out of place furniture

· Reorganize remaining furniture, to maximize the remaining space.

· Maximize kitchen space

· Store away throw rugs

Most important when working on the overall appearance of your home when putting it up for sale is to consult your local Realtor. Your Realtor does these things everyday and knows how and what home buyers look for and at when evaluating the appearance of homes for sale.

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Showing Your Home - Utah County Real Estate

Robert A.  Hulme - Utah County Real Estate - Provo: Real Estate Agent in Provo, UT

You can make drastic improvement to your home with spending very little money. The number one way is to improve your lighting. How old are your lighting fixtures? Many of these fixtures are used every day, but are often ignored. Changing these light fixtures can make a huge difference in the appearance of your rooms.

Look around at home improvement stores (Lowes, Home Depot) and lighting stores to get an idea of the style that you think might work. A lighting store might be priced a little higher, but it will give you some great ideas on how you should proceed.

Once you have finally decided on a style that will fit within you home décor and decided on the big purchase, you can move on to step two of your home improvement project, that of installation. Local home improvement stores are constantly offering classes on electrical wiring and lighting installation. Wait for a class on fixture assembly and installation and install the units yourself. Saving money, while improving your home, is all about cutting costs. If lighting fixtures are your current project, shop first, shop second and install last.

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VA and FHA Appraisals - Provo Real Estate

Robert A.  Hulme - Utah County Real Estate - Provo: Real Estate Agent in Provo, UT

FHA and VA Loans require special appraisal inspections. These inspections are a little more detailed than inspections required on a Conventional loan. The appraisers are required to perform certain minimum inspections as well as evaluate the market value of the property. These inspections are not as detailed as a professional home inspection and should not be considered a substitute, sometimes repairs are required.

These are additional costs the seller would not be obligated to pay for someone obtaining conventional financing, so your offer should include a maximum figure for these repairs. Otherwise the seller is signing the equivalent of a blank check, and they do not want to do that.

At the same time, whatever figure you put in will most likely affect the seller's willingness to negotiate on price. If you put $100 as an estimate, the seller may be $100 less negotiable on their price. If no repairs are required, you may have been able to get the house for $100 less than what you and the seller agreed on as the price. The solution is to add a clause to your offer that goes something like this. "If required repairs cost less than the maximum amount allowed, the excess will be credited toward buyer closing costs."

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