Corie Seymour Salt Lake Real Estate

Why you might need a Realtor To Buy A Salt Lake Condominium!

There are probably hundreds of reasons why you should hire a Realtor to buy a Salt Lake Condominium.

I can't name them all, but I bet I have at one time or another.

Among the best are, "they can keep you out of trouble". or "a good Realtor knows where the best buys are".

Those all may be true, but in the Internet age, so much information is available online for prospective home buyers and folks selling their homes that it seems agents are becoming less important to the transaction.

The list keeps getting shorter.

Unless you operate as I do, from the position that it's not the information that's important, but the interpretation of that information that enhances the need to have an experienced Realtor in your corner

Heres an example.

I got a call Saturday from a single mother that has a Condo in West Jordan. She had found (online) a Condominium for sale in Murray UT.

The price and value of the new Condo looked to be tremendous. The problem was, the listing showed $425 per month HOA dues. Way more than my potential home buyer could afford, and about $200 a month more than comparable Murray UT Condos for sale.

Either the project was in trouble, or the HOA was doing their job and heading trouble off at the pass.

Fortunately the latter was the case,.

A new association had taken over, audited the property, decided that deferred maintenance was required (roofs) and a reserve account necessary so a special assessment was initiated.

The assessment was for $5,000, and each owner could pay that off over the next 24 months as part of their dues.

Our offer was reduced then on the Town home, by the $5,000 that really belonged to the previous owner.

The dues on this Condo became manageable, and my buyer got a great buy on a Condominium in Murray UT with a very active, involved and effective HOA.

None of that would have happened without the help of an experienced Realtor.

The buyer, while looking at all of the Salt Lake Condominiums for sale on the MLS would have rejected looking at this particular Town Home and assumed that the monthly dues made the Condo too expensive to buy.

Our Condominium buyer would have missed out on a real hot deal.

If your interested in searching all of the Condominiums in Salt Lake, stop by our website Salt Lake Homes For Sale and review pricing histories, see maps, evaluate features, and look at photos. Whether you are looking for a new condo in Daybreak @ South Jordan, or a previously owned town home in Murray UT, you'll find what your looking for.

If you don't have an agent and want to talk to a Realtor give us a call @ 801-567-0946.

We'd love to talk to you about why you might need a Realtor to buy a Salt Lake condominium.

The Herriman Utah homes for sale report for Salt Lake on 7/01/09 shows 7551 homes or condos listed in Salt Lake County. Fifteen hundred seventy six (20.8%) of these homes are condominiums. Herriman Utah homes make up only 3% of that number, with 291 single family homes for sale. 16 of those are condominiums (5.4% ).

The information contained in this Herriman Real Estate Market Analysis is provided by the Wasatch Front MLS, from home listings supplied by Realtors from around the Salt Lake Valley.

While the numbers are from the MLS, any commentary is the opinion of Group1 Real Estate Agents. It is just that, an opinion, not legal or accounting advise, or recommendations outside the agents area of expertise.

This report will not include most of the homes for sale by owner, (FSBOs) as these houses are rarely listed across the MLS. However it should be noted that a very high percentage of these homes/condos are sold by Utah Realtors.

Likewise New Homes, (new construction).

Most builders employ agents to sell their own homes/condos from Model Home complexes. Most of the time these new homes are not listed, and the sales agent is an employee, (paid by) the new home builder. Good examples of this would be the Daybreak community in South Jordan and Rosecrest in Herriman UT. Both of these communities have an extensive model home presence.

Keep in mind that unless you take your own agent to view the Models, you have no representation. You should.

It's FREE!!! Read how to shop for a new home.

Whether you are a Real Estate Investor, home buyer, or part of a family that is considering re-locating to Herriman UT or any other town in Salt Lake County, we hope you will find this report helpful. and the Real Estate information timely.

Homes for sale in Herriman UT:

There are 291 homes for sale in Herriman Utah, as of 01/07/09
Only 5%, or 16 of these are Condominiums.
Single family detached homes for sale in Salt lake County number 5975.
Condominiums for sale make up 20.8% of the homes for sale in SLC, 1578.

Herriman Homes activity last thirty days:

In the last thirty days,63 new home listings have been added to homes for sale in Herriman UT.
Only one of these was a condo. Herriman has very few condominiums for sale.598 Herriman homes were sold and closed in that same time frame.
62 new contracts were written by Salt Lake Realtors. Fiveof these were Herriman UT Condominiums.

Herriman Bank Owned, foreclosures, HUD homes, And homes that need 3rd party approval:

The total number of distressed homes listed on the MLS in Herriman Utah is 88.That's a little over over 30% of the total homes listed.
Thirty of these homes/condos have been added within the last 30 days to home listings in Herriman UT.
212 of these homes (foreclosed homes and pre foreclosures in Herriman) have sold in the first half of the year.
Fifty nine distressed properties were placed under contract last month.IE: Bank Owned, Short Sale, HUD Home, or offer that requires 3rd party approval.

About Herriman homes for sale:

Active homes listed for sale in Herriman range in price from $134,900 to $1,500,000 dollars.
The average price of Herriman listings is $326,000.
The average contract written on a house in Herriman is $275,000.
Herriman houses closed (on average), selling for $302,000.
The average days on the market for homes in Herriman is 189.
Seventy seven % of the homes listed for sale in Herriman Utah are priced between $150 and $400,000 dollars.

We hope this report, and companion reports featuring homes for sale in other towns in the Salt lake metroplex have been helpful. look for market statistics for South Jordan and West Jordan on this same site.

To have a look at the 7550 homes for sale in Salt Lake, go to our web-site @ Salt Lake Homes. You can access pictures, prices, Maps, directions and pertinent information about homes available across the Salt Lake Valley.

To talk to a real live Realtor call 801-567-0946. For any additional Real Estate Information stop by Salt Lake Real Estate and enjoy hundreds of tips about the home buying process. Whether you are looking for a Real Estate Investment in Herriman or a house to look at, you can find it there. And it's FREE.

Thanks for being here and thanks for reading the Herriman Utah Homes For Sale- Salt Lake 7/01/09.

Published Monday, July 06, 2009 1:13 PM by Corie Seymour

The South Jordan Utah homes for sale report for Salt Lake on 7/01/09 shows 7551 homes or condos listed in Salt Lake County. Fifteen hundred seventy six (20.8%) of these homes are condominiums. South Jordan Utah homes make up almost 6.5% of that number, with 480 single family homes for sale. 44 (6%) of those are condominiums.

The information contained in this Draper Real Estate Market Analysis is provided by the Wasatch Front MLS, from home listings supplied by Realtors from around the Salt Lake Valley.

While the numbers are from the MLS, any commentary is the opinion of Group1 Real Estate Agents. It is just that, an opinion, not legal or accounting advise, or recommendations outside the agents area of expertise.

This report will not include most of the homes for sale by owner, (FSBOs) as these houses are rarely listed across the MLS. However it should be noted that a very high percentage of these homes/condos are sold by Utah Realtors.

Likewise New Homes, (new construction).

This fact is particularly important in looking at homes for sale in South Jordan as it houses one of Northern Utahs most dynamic developments; Daybreak.

While there are some resales and foreclosures in Daybreak, the majority of homes for sale are new construction and are presented by some of the Utahs premier builders.

As many as 20 model homes may be available to tour at any one time, and it is claimed that 3 in 10 homes purchased in Salt Lake are homes in Daybreak.

This fact will certainly impact any numbers presented in this report.

Most builders employ agents to sell their own homes/condos from Model Home complexes. Most of the time these new homes are not listed, and the sales agent is an employee, (paid by) the new home builder. Good examples of this would be the Daybreak community in South Jordan and Rosecrest in Herriman UT. Both of these communities have an extensive model home presence.

Keep in mind that unless you take your own agent to view the Models, you have no representation. You should.

It's FREE!!! Read how to shop for a new home.

Whether you are a Real Estate Investor, home buyer, or part of a family that is considering re-locating to South Jordan UT or any other town in Salt Lake County, we hope you will find this report helpful. and the Real Estate information timely.

Homes for sale in South Jordan UT:

There are 480 homes for sale in South Jordan Utah, as of 01/07/09
Over 9%, or 44 of these are Condominiums.
Single family detached homes for sale in Salt lake County number 5975.
Condominiums for sale make up 20.8% of the homes for sale in SLC, 1578.

South Jordan Homes activity last thirty days:

In the last thirty days,114 new home listings have been added to homes for sale in So. Jordan UT.
Ten of these were condos. Almost 9% , is less than the proportionate share.
57 South Jordan homes were sold and closed in that same time frame.
58 new contracts were written by Salt Lake Realtors. Only 2 of these were So. Jordan UT Condominiums.

South Jordan Bank Owned, foreclosures, HUD homes, And homes that need 3rd party approval:

The total number of distressed homes listed on the MLS in South Jordan is 95.That's a little over over 19.7% of the total homes listed.
Nineteen of these homes/condos have been added within the last 30 days to home listings in South Jordan UT.
153 of these homes (foreclosed homes and pre foreclosures in S. Jordan have sold in the first half of the year.
Nineteen distressed properties were placed under contract last month.IE: Bank Owned, Short Sale, HUD Home, or offer that requires 3rd party approval.

About South Jordan homes for sale:

Of all the areas in Utah, the Daybreak area of South Jordan affords the home buyer the widest choice of listed homes or condos as well as unlisted new homes for sale to choose from. Anchored by a committed developer ( Kennecott ) with more than adequate resources and staying power some of Utahs most respected new home builders have made significant investments in South Jordan's Daybreak.

Whether you are looking for a new home to buy, or a previously owned condominium with low HOE dues, Daybreak is where you should consider your home search.

We would also recommend searching established subdivisions like Jones Farm, South Jordan Heights, High Point and "The District" for upscale family home opportunities.

Active homes listed for sale in South Jordan range over the broadest spectrum of any neighborhood in SLC.
The average price of South Jordan listings is $344,886.
The average contract written is $276,410.
South Jordan houses closed (on average), selling for $272,434.
The average days on the market for homes in South Jordan is 124 DOM.

We hope this report, and companion reports featuring homes for sale in other towns in the Salt lake metroplex have been helpful. look for market statistics for Sandy Utah and West Jordan on this same site.

To have a look at the 7550 homes for sale in Salt Lake, go to our web-site @ Salt Lake Homes. You can access pictures, prices, Maps, directions and pertinent information about homes available across the Salt Lake Valley.

To talk to a real live Realtor call 801-567-0946. For any additional Real Estate Information stop by Salt Lake Real Estate and enjoy hundreds of tips about the home buying process. Whether you are looking for a Real Estate Investment in South Jordan or a house to look at, you can find it there. And it's FREE.

Thanks for being here and thanks for reading the South Jordan Utah Homes For Sale- Salt Lake 7/01/09.

Published Sunday, July 05, 2009 9:33 AM by Corie Seymour

This Post is about some recent Updates On Home Mortgage Stuff In Salt Lake Utah!

Almost every day you can read about updates on home mortgages that could effect your ability to qualify for a loan on your New Salt Lake Home.

Some of the best mortgage and home loan updates come from our friend, associate and trusted lender Doug Walker @ Republic Mortgage.Home Loans.

We work closely with Doug and his staff, and have recommended him to clients that need help with rates, or qualifying for that new home loan. He's been doing this a long time, and you can count on what he says.

In the next couple of weeks you'll get to know Doug through a new Homes listing search tool that he is helping us install on our site to make your Utah property search more interesting, more usable and more fun.

In the meantime. these are some Mortgage related updates Doug sent. We thought they might be helpful to you so were sending them on.

There are a few guideline changes I thought I would make you aware of. The attachment has more information than you want to know, but here are the highlights:

Fannie Mae loans 1. Borrowers may now use credit cards to pay for up to 2% of fees. They still need to have liquid funds available, but that can mean a 401k or other funds they don't want to liquidate. Think "Skymiles"! 2. Pre-approvals are now good for 90 days instead of 120 before we have to update the credit report. 3. Borrowers must re-qualify for long term financing on one-time close construction loans.

Appraisals 1. Lenders are now required to provide a copy of the appraisal to the buyers 3 days before closing. If this is not done, it could delay closing. There is an option for the buyers to waive this right, but lenders will be audited on how many times they rely on this waiver. Republic Mortgage has already put in place actions to perform and document this new requirement.

Refi - Plus 1. Certain Fannie Mae loans are eligible for 105% LTV on a refinance. Some can now even go to 125% LTV. It must be owned by Fannie Mae among other restrictions. The property can even be listed for sale!

Advertising 1. New Reg Z rules effective Oct 1, 2009. Details are outlined on the attachment. Not huge changes, but a good reminder of how to disclose properly when advertising payments.

Summary - more fine print. I hope this is information is beneficial to you and your clients. If nothing else, it will make you look good around the water cooler!

We hope so as well ! In case you need more Mortgage Information or help in searching for your new home or condominium in Utah stop by our website @ Salt Lake Real Estate, You'll find lots of help and tools to use.

If you just have a question about Utah Real Estate, call us @ 801-567-0946.

We'd love to talk to you about Home buying/selling or updates on Home Mortgage Stuff in Salt Lake Utah.

Published Saturday, July 04, 2009 9:36 AM by Corie Seymour

The Draper Utah homes for sale report for Salt Lake on 7/01/09 shows 7551 homes or condos listed in Salt Lake County. Fifteen hundred seventy six (20.8%) of these homes are condominiums. Draper Utah homes make up almost 6.6% of that number, with 505 single family homes for sale. Ninety two (16%) of those are condominiums.

The information contained in this Draper Real Estate Market Analysis is provided by the Wasatch Front MLS, from home listings supplied by Realtors from around the Salt Lake Valley.

While the numbers are from the MLS, any commentary is the opinion of Group1 Real Estate Agents. It is just that, an opinion, not legal or accounting advise, or recommendations outside the agents area of expertise.

This report will not include most of the homes for sale by owner, (FSBOs) as these houses are rarely listed across the MLS. However it should be noted that a very high percentage of these homes/condos are sold by Utah Realtors.

Likewise New Homes, (new construction).

Most builders employ agents to sell their own homes/condos from Model Home complexes. Most of the time these new homes are not listed, and the sales agent is an employee, (paid by) the new home builder. Good examples of this would be the Daybreak community in South Jordan and Rosecrest in Herriman UT. Both of these communities have an extensive model home presence.

Keep in mind that unless you take your own agent to view the Models, you have no representation. You should.

It's FREE!!! Read how to shop for a new home.

Whether you are a Real Estate Investor, home buyer, or part of a family that is considering re-locating to Draper UT or any other town in Salt Lake County, we hope you will find this report helpful. and the Real Estate information timely.

Homes for sale in Draper UT:

There are 505 homes for sale in Draper Utah, as of 01/07/09
Over 18%, or 122 of these are Condominiums.
Single family detached homes for sale in Salt lake County number 5975.
Condominiums for sale make up 20.8% of the homes for sale in SLC, 1578.

Draper Homes activity last thirty days:

In the last thirty days,90 new home listings have been added to homes for sale in Draper UT.
13 of these were condos. Almost 7% , is less than the proportionate share.
58 Draper homes were sold and closed in that same time frame.
62 new contracts were written by Salt Lake Realtors. 16 of these were Draper UT Condominiums.

Draper Bank Owned, foreclosures, HUD homes, And homes that need 3rd party approval:

The total number of distressed homes listed on the MLS in Draper Utah is 124.That's a little over over 24.5% of the total homes listed.
This number is about the same as West valley City, and twice that of Murray UT.
Twenty one of these homes/condos have been added within the last 30 days to home listings in Draper UT.
492 of these homes (foreclosed homes and pre foreclosures in Draper) have sold in the first half of the year.
Thirty one distressed properties were placed under contract last month.IE: Bank Owned, Short Sale, HUD Home, or offer that requires 3rd party approval.

About Draper homes for sale:

Of all the areas in Utah, the Sun crest area of Draper probably affords the homebuyer and investor alike the greatest opportunity for gain. It also is an area that contains substantial risk. With the bankruptcy of the developer in May of last year through the lawsuits between Draper City and Zions Bank the development has been destabilized to say the least. Obligations are no longer valid and the overall plan has changed and is bound to change even more as the commitments are evaluated by interested parties. It has been my experience that over time these things will work themselves out, but investing in Sun crest is not for the faint of heart. I would encourage anyone considering an investment in Draper to get a Realtor that is knowledgeable about the area and experienced in Real Estate new development.

Active homes listed for sale in Draper range in price from $150,000 to $3,198,000 dollars.
The average price of Draper listings is $498,000.
The average contract written is $403,000.
Draper houses closed (on average), selling for $397,000.
The average days on the market for homes in Draper is 178.
Sixty five % of the homes listed for sale in Draper Utah are priced between $150 and $400,000 dollars.

We hope this report, and companion reports featuring homes for sale in other towns in the Salt lake metroplex have been helpful. look for market statistics for South Jordan and West Jordan on this same site.

To have a look at the 7550 homes for sale in Salt Lake, go to our web-site @ Salt Lake Homes. You can access pictures, prices, Maps, directions and pertinent information about homes available across the Salt Lake Valley.

To talk to a real live Realtor call 801-567-0946.

For any additional Real Estate Information stop by Salt Lake Real Estate and enjoy hundreds of tips about the home buying process.

Whether you are looking for a Real Estate Investment in Draper or a house to look at, you can find it there. And it's FREE.

Thanks for being here and thanks for reading the Draper Utah Homes For Sale- Salt Lake 7/01/09.