OR
I'm sure you've noticed that interest rates are creeping up.....again! They were the lowest they've been in years. Rates are still very good, but they may not stay that way for long! Another factor to consider is that housing prices are near what they were in 2003 in our particular area! Do you know someone who is fence sitting....waiting for the perfect time to buy? Yeah, most of us do. You may want to make them aware of some very interesting numbers. Point out to them the difference in owning a $320,000 vs. a $240,000 home for the exact same payment amount! Do you think that might make them sit up and take notice?
Loan Amount Rate Payment Payment Rate Home Price
$320,000.00 @ 5.25% = $1,766.00 $1,766.00 @ 5.25% = $320,000.00
$320,000.00 @ 6.00% = $1,918.00 $1,766.00 @ 6.00% = $294,700.00
$320,000.00 @ 6.50% = $2,022.00 $1,766.00 @ 6.50% = $279,540.00
$320,000.00 @ 7.00% = $2,128.00 $1,766.00 @ 7.00% = $265,566.00
$320,000.00 @ 7.50% = $2,237.00 $1,766.00 @ 7.50% = $252,680.00
$320,000.00 @ 8.00% = $2,348.00 $1,766.00 @ 8.00% = $240,775.00
FACT: Rates are Phenomenal - now!
FACT: Home Prices are Lower and Fantastic!
FACT: We are in the PERFECT STORM!
Home prices and interest rates are subject to change and both most likely will go up.
Payment will go up substantially for the exact same home!
Food for thought!
Happy buying!
Contact Suzanne Gallegos, Salt Lake City's Service First Realtor
Serving Salt Lake City, Utah and surrounding areas
**FREE relocation package available
CYCLE STYLE SHOW
FRIDAY MAY 15, 2009
GALLIVAN CENTER
In keeping with the current trend to go "green", May is National Bike Month. In conjunction with the national event, it is also Utah Bike Month. This year the Salt Lake Bike Bonanza will debut a stylish new attraction as part of the festivities - the Cycle Style Show!
The Salt Lake City show has been patterned after European Cycle Style shows. The show will feature bicycles of all types for the 2009 season including road bikes, mountain bikes, commute to work bikes and path bikes. There will also be a variety of specialty bikes on display. A touch of Amsterdam will be added to the line up with some Dutch style bikes that allow the rider to look chic while they ride. Move over spandex biking clothes! These cycles feature chain guards and skirt guards to help keep clothing clean allowing a girl or guy to bike to work, the mall, or anyplace in style!
"We are really excited about how this event is coming together and what it means to biking in Salt Lake," said show organizer and bike advocate Tara McKee. "After researching how others around the world build momentum for biking in their areas, I found that the European cycling shows bring communities together in an exciting way. As the planning of this event has unfolded, I have become keenly aware of the love of biking in Salt Lake. Whether people enjoy road, mountain, or leisure biking, I have found that we all yearn for a community that understands the benefits for individuals and families. This event will center on our love of the sport."
The public is invited to join community leaders and cycling advocates for this FREE family event.
Friday, May 15 2009 7:00 p.m.
Gallivan Center - Downtown Salt Lake City
239 S. Main St.
Contact Suzanne Gallegos, Salt Lake City's Service First Realtor
Serving Salt Lake City, Utah and surrounding areas
**FREE relocation package available
Are you looking for fun yet educational family activities in the Salt Lake City area? Search no more! Here are two of Salt Lake City's unique family friendly attractions!
DISCOVERY GATEWAY CHILDREN'S MUSEUM
Completed in Fall 2006. the new Utah Children's Museum facility boasts a wealth of entertaining yet educational exhitits in the convenient shopping area of The Gateway in downtown Salt Lake City. Permanent fixtures include the hands-on Media Center where kids can interact with technology, and The Studio, which combines art, science and engineering exhibits to help kids understand and interact with the world around them. All exhibits are hands on and interactive. Open seven days a week.
444 W. 100 So. SLC, UT www.discoverygateway.org 801-456-5437
Clark Planetarium
While its IMAX Theatre shows and Hansen Star Theatre draw big crowds, there are also plenty of free exhibits all year long. Visitors can learn about eveything from meteorites, Mars and the moon to the solar system, stars and space stations. All presented in a colorful and exciting world-class facility. Open seven days a week.
110 So. 400 West SLC, UT www.clarkplanetarium.org 801-456-7827
Contact Suzanne Gallegos, Salt Lake City's Service First Realtor
Serving Salt Lake City, Utah and surrounding areas
**FREE relocation package available
"Utah's economy is following a path that can return the state to it's prior level of prosperity." This encouraging comment was made by Kelly Matthews, Wells Fargo economist, to a sold out crowd at the Governor's third annual Utah Economic Summit. Matthews stated that while challenges still remain, he believes the recession, now in it's 17th month, is bottoming out and Utah's economy is poised for a strong recovery.
There were a number of representatives from the business, education and government sectors present at the summit. They said that although they may not share the same level of optimism, they agree the state is better positioned than most to recover. The nonpartisan American Legislative Exchange Council recently graded Utah's economy the most competitive in the nation.
Among indicators that point to a return to prosperity is affordable housing and a trend toward activity in the housing market. While home prices in Utah have not plummeted to the same degree as in harder hit housing markets, prices have definitely come down over the past year and a half. This, combined with the current home buyer incentives, make the Utah housing market very buyer friendly.
Contact Suzanne Gallegos, Salt Lake City's Service First Realtor
Serving Salt Lake City, Utah and surrounding areas
**FREE relocation package available
Utah's Governor, John Huntsman, signed a bill last week allowing creation of a $6000 grant program for homebuyers purchasing a newly constructed home. There are 1,600 grants available. Salt Lake Board of Realtors President Ryan Kirkham stated that getting rid of inventory will help home builders and the construction industry get back to work. The Salt Lake Board feels this new local incentive combined with the Federal $8000 incentive will make a big difference in Utah's housing market. In fact, the SLBR says that the combination of these new incentives could pull Utah out of the recession.
"People are kind of excited about this, and there is a little bit of a buzz, and I actually think we might see things really pick up here because it's just a time where if you are thinking about buying at all, you can't pass up these opportunities its almost crazy to not take advantage of this," Kirkham said.
"This move by the state, by the legislature and the governor is really a great move because that money should drive that inventory down even lower, which is really important to help us fix this housing market. You can't have an economic recovery without housing," Kirkham said.
These incentives are also good news for the estimated 18,000 Utah construction workers who lost jobs last year as a result of the slowing housing market. According to the Governor's office there are an estimated 3,000 newly built homes available. The $6000 buyer's incentive should help drive down this inventory and give the new home market room to grow again.
Imagine this scenario: $8000 first time home buyer credit
+ $6000 new construction incentive
+ $6000 seller paid closing costs (based on 3% of $200,000 purchase price)
$20,000!!!
That's a possible $20,000 discount on your new home! WOW! Why wait???
Contact Suzanne Gallegos, Salt Lake City's Service First Realtor
Serving Salt Lake City, Utah and surrounding areas
**FREE relocation package available
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Real Estate services in Salt Lake City Utah and surrounding areas. Serving Salt Lake County, Holladay, Sandy, Murray, Park City. A different level of customer service-just ask me to prove it!
Suzanne Gallegos grew up in the Salt Lake City area. After living away for a few years she returned. While she enjoyed her adventures living around the country she returned to Salt Lake City to be near family. "I am now a single mom and have chosen to stay here to raise my own children. I have seen Salt Lake City grow up a great deal over the last several years and develop into a wonderful mid size city with a great deal to offer. We have fabulous outdoor recreation combined with numerous cultural events. I actually consider myself an expert on the local scoop! If you are planning on relocating to the area and need a knowledgeable tour guide you can call on me anytime!"
Stay tuned to Suzanne's Active Rain blog for info on Salt Lake City events!
Please visit Suzanne's website for MLS HOME SEARCH and local information 24/7
Service First! That is my daily motto. Whether you are buying or selling I absolutely guarantee you the top level of customer service! I want every client to feel like they are my only client! You WILL notice a difference in the level of customer service-just ask me to prove it!
I absolutely guarantee you the most care free Real Estate experience in Salt Lake City!
"If you are looking for a Realtor who will go to bat for you all the way - call Suzanne! She goes the extra mile!" --A.N.
"...not only did we get a difficult deal done, the thing I appreciated the most was that my calls were ALWAYS returned promptly." --GPD
"Simply the best!"
......she listens! I always felt like she heard my wants and needs. I would recommend Suzanne to anyone and everyone.
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