A lot of people are asking me about the new $6,000 Grant.
Here are the basics:
The Home Run Grant offers $6,000 to home buyers who purchase a never-occupied residence in Utah.
The grants are available on a first-come, first-served basis.
There are only 1,600 grants left and they're going fast. The approximate number of remaining grants will be posted on the UHC web page at www.utahhousingcorp.org.
Home buyers must meet the following income restrictions to be eligible: Single person, $75,000 Married couple, $150,000
Home Run applications are submitted through a home buyer’s mortgage lender. Here is a free application: Loan Application
You do NOT have to be a first time home-buyer
The $6,000 CAN be combined with the new $8,000* federal tax credit!
*The $8,000 federal tax credit is only available to first-time home buyers.
If you want more information about the Grant you can check out this link: $6,000 Home Run Grant or feel free to contact me.
The skinny for all buyers:
The details still aren't readily available on this money but you do have a chance to get pre-approved now. You can apply for an approval here: Application
Buy a new home and you can receive a free $6,000. There are many awesome deals right now, but once May comes around many of the new homes at great pricing will be eaten up and off the market. The people who move now will be getting the best deals. There are some restrictions to the grant money. If you are joint filing, your income can't exceed $100,000. For single filing the income limits are at $75,000.
Double, even triple dipping for 1st time homebuyers.
With the $6,000 Utah grant money, the govenrment's tax credit of $8,000 and a 1st time home buyer grant of $5,000 1st time homebuyers could score up to $19,000 when buying a new home!
The ramifications of this to the economy.
Some people believe the grant money is a waste of money. What does housing do for the economy? Economists have breakdowns of how much a home sale affects the economy. Local economists at a class I went to through our local Board of Realtors showed on powerpoint for our class that an estimated $60,000 goes into the economy every time one home around the median price range is sold. This equates to a 10 fold return on the $6,000.
Should I build or buy an existing new home?
While many will be tempted to build there are going to be a couple things to consider. One: if someone truly wants the best deal, they should look for something now before the inventory dries up. Once that happens, prices go up. Also, when the deadline for this grant money is revealed it is possible that many people who have started to build a home may not finish their home before the deadline. Only 1666 grants are available so act now. Stay tuned for more details.
Why not give to Every Home? If you were to give the grant to every home purchased. All the money would be gone. Last month in Utah there were appx 1600 homes sold. There are appx 1900 in the entire state set to close next month. There are only 1666 grants. All the money would be handed over to people already closing on a home. The money would have been handed out for no reason and not an incentive. The money is now an incentive for people to get off the couch and buy. Also, this helps existing. If more new homes were to go into foreclosure, that would further devaluate the market. This will get more buyers into the market and help keep our values from going down like the rest of the nation.
You can also look for new homes online at http://www.utahdave.com/
or new homes in Utah's premier neighborhood at http://www.daybreakliving.com/
Top Places in Utah to Sell a Home! (Utah Top Spots)
Recent statistics show where homes are selling in our ever changing market. Based on these statistics this list shows where the homes are selling, what price ranges they are selling in, and how quickly they are selling. These areas are Utah's hot spots! While most areas of the country are struggling to sell, those living in these areas can get top dollar for their home because of the high demand! Those looking to buy in these areas may expect to pay a little more, but they can count on being able to sell their home if they ever need to. For those who are living in this area thinking of selling now is the best time to sell! These areas are Utah's Hot Spots for selling homes right now.
1. SLC Zip 84103 300k-350k Price Range with a 3 Month Time Frame!
Sales History Click Here List of Homes for Sale Click Here
2. Sandy Zip 84093 200k-250k Price Range with a 3 Month Time Frame!
Sales History Click Here List of Homes for Sale Click Here
3. Orem Zip 84057 300k - 350k Price Range with a 3 Month Time Frame!
Sales History Click Here List of Homes for Sale Click Here
4. Layton Zip 84040 100k-200k Price Range with a 3 Month Time Frame!
Sales History Click Here List of Homes for Sale Click Here
5. SLC Zip 84109 200k-250k Price Range with a 3 Month Time Frame
Sale History Click Here List of Homes for Sale Click Here
To View all Zip codes and price ranges in Salt Lake County Click Here
Additional information:
Solds for Feb 2008 was 766
Solds for Feb 2009 was 553
Solds for March 2008 was 966
Predicted for March 2009 is no more than 750 now.
We are on track to be 25% lower than last year. This is Good News for Buyers!
Even with the new tax credit for first time homebuyers we are not seeing significant gains in buyers. This year is looking to be even lower than last year. Could it go any lower? I seriously don't know how it could. Our own local population grows at a rate that exceeds our current housing demand!
Does the bailout help me with my mortgage?
All over the news you hear of corporations getting bailout money. But what is difficult to understand is what about the homeowner that needs a little mortgage relief. There is a website that is being built that will help you understand if there is any help in it for you. http://www.financialstability.gov is the place to go to read more about the bailout.
Yes, that site might be a little technical or confusing. A friend of mine Ryan Wright here in Utah is also helping people save their homes. http://www.saveutahhomes.com/ You can go to his site to see options for saving your home.
If you are thinking of selling even if your home is upside down or if you are late on payments, we have higher short sale close ratio than anyone I know in the state. Top producing agents have been sending us their short sales so we can get them done. Call us or go to our website at http://www.utahdave.com and if you live in Daybreak go to http://www.daybreakliving.com
Watch Out! Buyer Just Lost $2,000 when backing out of buying a home! It Happens to Many Buyers!
Ouch! No one wants to lose money when backing out of a home. It happens often when the buyer's financing doesn't go through, they lose a job, or they get buyer's remorse about buying a property and back out. There are many different reasons why a buyer may back out of buying a home. However, there are keys to keeping your earnest money. Please remember this disclaimer. I'm not a lawyer. I'm a real estate broker. The law is clear for real estate brokers to be in charge of the earnest money. There are rules that we have to abide by regarding earnest money.
What is Earnest Money? Earnest Money is a deposit you put down on a home. The amount shows how willing and strong a buyer may be when making offers on a home. Banks including Hud usually ask for anything between $1,000 to 1% of the home's purchase price. This money usually goes into a trust account. It goes towards the purchase of a buyers home upon closing. The money however can be used as liquidated damages if the buyer or the seller defaults. If a buyer defaults on the contract they could lose that money to the seller.
How did the Buyer lose their money? We will call this agent Jane. I received an email from Jane, the buyer's real estate agent, stating that their buyer wanted to back out of the home (It's listed for sale on http://www.utahdave.com ) and wanted to keep the earnest money. I called Jane and said, "Hi Jane, can you tell me why you think your buyers should keep the earnest money?" She said because the sellers didn't follow through properly on the disclosures. I tried asking several questions, but was repeatedly cut off before I could finish my sentence. I know that, according to the DISC Personality profiler, 'D' personalities interupt people so I didnt let it bother me. ( http://www.kahunarainmaking.com talks a lot about personalities.) But I never could get a sentence in. She eventually hung up on me and told me to call her broker. I talked to her broker. He mentioned the same thing. I asked him if he had seen the disclosures. He said he hadn't seen them. I pulled out the disclosures and pointed out the item she was talking about. There was silence on the phone. He said he would get back to me.
Why did they lose their earnest money? There are certain deadlines in every contract. Those deadlines are negotiable as far as the timeline. However, every buyer must perform certain tasks by the deadlines. In this situation, the buyer asked for their deadlines and we agreed. The deadline to inspect the property was Feb 5th. We got a letter from her Feb 11th. Almost a week later. Plus it wasn't even signed. It was an email typed by the buyers agent. The agent set up the inspection to be on the 12th. They haven't even completed the inspection yet. The deadline for appraisal and loan denial was Feb 11th. They havent even performed the appraisal yet. When you do things after deadlines, you are always at risk of losing your earnest money. Which this person just lost theirs.
How to Protect you? Now, like I said, this happens often. If you know the rules of the game you won't lose your earnest money if you are diligent. There are 3 points to know so that you won't lose any money when buying a home.
1. Ensure you perform your duties a minimum of 3 working days before a deadline. 2. When you object to the condition of the property, or if you back out, ensure that the other party receives your notice before 5pm MST of the deadline. 3. Ensure that your notice is signed. All notices must be signed and delivered by the deadline.
If I was to add one more tip, it would be to ensure you have a good agent working for you. This is really the most important. If you are working with an agent that has another job you could just miss these deadlines. If you follow these tips, it will help you lower your risk and help you so that you aren't one of the many losing their money. Good luck!
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Specializes in Building High Producing Real Estate Sales Teams. This 3 Secret and 7 Step process generated over $37 million in sales a year. Dave coaches and sells real estate in Salt Lake City, Ut.
Buying or Selling a Home? Utah Dave specializes in assisting people buy and sell residential homes in the Salt Lake Area. If he doesnt specialize in it, he knows someone that does! (Thats why his friends nicknamed him Utah Dave.) The All the Right Steps Experience walks buyers and sellers through the 3 secrets and 7 step process in buying or selling a home.
Assisted owners/employees/professors/executives working for top industry corporations and organizations such as Novell, LanDesk, Utah Jazz, 3M, IKON, Costco, Biovail, Cadence, Delta, SkyWest, Boeing, Continental, eBay, Les Scwaab, Intel, Micron, IM Flash Technologies, Progressive, American Family Insurance, Red Lion, RC Willey, Jordan School District, Aflac, UPS, Kennecott, Dex, American Express, Black Diamond, Rumbi Island Grill, Educators Mutual, CR England Trucking, FAA Federal Aviation Agency, US Air Force, South Jordan Police Department, University of Utah, Brigham Young University, Marine Core, Army, Hill Air Force Base, Zions Bank, Merrill Lynch, Fidelty, Charles Schwab & Co., The Church of Jesus Christ of Latter Day Saints and more in relocation services and in purchasing or selling a home.
Also, provided analysis on REO (bank owned) properties, negotiated tenants to leave premises, prepared home for sale, and listed and negotiated the sale of the REO property.
Recently rated as #1 in the Salt Lake Valley for number of homes sold by Enterprise Newspaper in Sept of 2007. Dave's steps in helping people buy and sell homes enabled him to gratefully have sold almost $40 Million in Real Estate last year. Also voted for Broker/Agent of the month by peers in 2007. Thanks for such great compliments from my clients and my peers. None of this could be accomplished with out you!
Striving to Build a Successful Real Estate Career? Dave also coaches real estate agents the 3 secrets and 7 steps to building a real estate team/career. These steps took one agent from 20k in commissions to $1 Million in just 3 years. This same process enabled one Rookie to sell appx 33 homes his first year for a total of approximately $10 Million in Real Estate sales.
Dave has been featured in CRS magazine as an agent who learned how to double his income by reducing his 80 hour weeks to 40 hour weeks while taking a month of vacation a year, not working nights or weekends. He also was recently spotlighted as Broker/Agent of the month by his peers in Salt Lake City.
Dave's focus is his mission statement: To continually strenthen ourselves and our relationships by passionately caring for others, proactively discovering hidden needs, and persistently exceeding expectations.
People Looking to Buy or Sell their Home across the Salt Lake Valley:
1. Relocation services for employees, executives and owners of large and small companies. Assisting with selling of current homes and purchasing new homes in the State of Utah. Strictly Residential Real Estate.
2. Assist First time homebuyers with $5,000 free grant money and ensuring their first home meets their needs while being a solid investment that creates equity so that they can transfer that equity and trade up their home in the coming years.
3. Assisting people with buying foreclosures, pre foreclosures, and/or Hud/Va homes. Sign up for a Free List of Forelcosures.
4. Helping people sell their home. Dave utilizes 3 secrets and a 7 step process to selling homes. Find out what your home is worth here.
5. Assisting people with buying or selling in the largest planned community in the nation, Daybreak in South Jordan Utah.
Real Estate Agents who want to increase their sales, their value, their business, and their family time:
Coaching teams and agents through the 3 secrets of success with the 7 step process to achieve it. While just utilizing 1 secret, one Realtor went from 20k commissions a year to $1 Million in a year in just a 3 year time frame which was during the slow market.
Email Dave to apply to be one of the agents/teams that he coaches. Click the contact link above at the top of this profile.
"Dave has been an awesome coach and mentor to my real estate business. He has showed me that there is an easy and highly effective way to succeed in this extremely competitive industry. Under Dave tutelage, I have been able to hone my skills in having client care at a 100% positive satisfaction level, and have learn to become a market expert in certain farm areas. I have lots of respect for the Utah Dave Team, and am excited for what we have planned for the future." "Dave represented himself as an expert in his industry and he was accurate! He provided me insight into the value and appeal of my home, and an honest valuation of my home. He helped me sell my home quickly and for the price that I needed! I was driven to him through a referral and the exposure Dave gives himself in the community through various events and activities, as well as effective marketing! Thanks again Dave!" Top qualities: Great Results, Expert, Creative "How can you sum up Dave Robison? He is a proven leader, but is open to ideas from the group. The passion that he shows through his work and inspires in his colleagues is unsurpassed. Through my work with Dave over the past few years, I have seen him grow the business and continually find ways to make our processes more efficient and beneficial to our clients. With Dave Robison in the team, we will change the way the real estate industry is run across the country." December 5, 2007 "Dave provides a value-added experience for his clients through unmatched personal service and great results. He understands the real estate market and works directly with his agents to ensure the satisfaction of his customers. Dave will go above and beyond to help you market your home or find the perfect property. He is also the most fun agent you will find. Just ask..I recommend him to all of my friends (and neighbors)." Top qualities: Personable, Expert, High Integrity "My relationship with Dave started several years ago when he helped me buy my first home. After we purchased a home, Dave continued to be a friend. Now I work with Dave everyday and I still consider him a friend first. I've seen Dave carry on this relationship with countless "clients"...friends. I recommend Utah Dave because he's happy, smart, professional, a good dancer, and he's a friend." "Dave is highly experience and is always looking out for his clients. He is the perfect mix between personable and professional. He shows he cares by taking the time to make sure to understand what his clients are looking for and works hard to help them obtain the home they want. His negotiating skills make him head and shoulders above the competition. Its always a great experience working with Dave!" "In an industry laced with stagnant ideas and practices, Dave's ingenutiy provides a service unparalleled to company's I have worked with in the past. His postive and unclouded approach to business and life helps those in his large sphere of influence to improve their practices, including myself." "I have had the great opportunity of working with Dave in the last several years. I have both sold and bought a house through Robison & Company Real Estate. One of the things I found most impressive was the quick turn around when I left a message for him. For as long as I have known Dave, he has always been a very straight forward, honest and trustworthy man. I would recommend him hands down for anyone's real estate needs." Top qualities: Great Results, Personable, High Integrity ·"The Utah Dave team is a great group of people to work with. They make the Buying and Selling process easier for everyone involved. I have found that the Utah Dave team communicates very well with the parties involved in each transaction. If I have need of information to complete my part of the transaction there is always someone that I can talk to, whether it's the Agent themselves or their Transaction Coordinator. They always seem to have the information needed or will get back to me promptly with the information I request. With the Utah Dave team I see that it isn't always about the bottom line it is about making the customers experience better. I am amazed at how fast they can get something sold. I feel the reason is they are not afraid to spend money on marketing and they seem to market their listings much better than many Real Estate Companies. David Robison the Broker for Robison & Company is not afraid to tackle a difficult situation in behalf of their client when they are being unjustly dealt with. Either with the agent or buyer /seller on the other side. He is knowledgeable and abreast of changes in the laws that may govern Real Estate. Because of their Friendliness, their ability to communicate effectively and timely, the marketing tools at their disposal, and their knowledge, their clients get more for their money, sell their home faster and will have fewer headaches or problems with getting their home sold or bought." Sincerely Yours
In my observation each Agent becomes a friend to each of their clients which make the process much more enjoyable. The agents put their clients needs ahead of just closing the deal. They truly care about their clients.
Shane Liedtke - Meridian Title Company
My wife and I were married 8 years ago and met Dave Robison after buying a small starter home in Midvale, Utah. Initially, we were impressed with Dave's positive outlook and vibrance for life. It didn't take long for us to also recognize his strength of character and integrity in everything he says and does. We knew he would be a long-time friend. When we made a decision to move a couple years later, it was a no-brainer for us to ask for Dave's expertise. In the last 6 years, we've moved 3 times and Dave has assisted us every step of the way.
Each of our moves have been motivated by the different phases in our life. On each occasion, Dave has taken the time to meet with us and discuss our individual goals in moving. And of course, on each occasion Dave has helped us hit the mark. He identifies our criteria, works dilligently to locate buyers and sellers that meet our goals and negotiates hard with our best interests in mind. Our last 2 sales have taken a total of 12 days (from the time of listing to our agreeing to the proposed terms from the buyers) and have yielded us 11% more than our original recommended sales price. Dave does it all, and then some. He is gracious, professional and follows up with us every step of the way.
His level of service and follow-through is beyond the norm and even the expected. We are confident in his abilities and would openly welcome any questions you may have. Regards, Quinn & Kellie Elzinga
As an owner of multiple homes and a real estate investor I have worked with many realtors over the years. I can say without question that Dave Robison is the best I have ever had the pleasure of working with. He and his team are timely and professional, and he is truly an expert in the Utah market."
Bill, Vice President of North American Sales at Landesk
Dave, we couldn't have asked for anybody better to assist us. By the way, with "hundred's" of co-workers moving down from Idaho to the SLC area, I have heard numerous times about the quality of your web-site. It sure was helpful to us."
Ross w/Micron
• "On a scale of 1 to 10 you and your team would be a 20. You met all the expectations and exceeded them."
Kal, -Previously listed unsuccessfully for 6 months
with another agent before listing with UtahDave.
• "Utah Dave sold my home in one month when every other home was taking 6 months. And to top that miracle off, he sold my home for top dollar!
NOT A SINGLE HOME SOLD HIGHER THAN MINE IN OVER 11 MONTHS! (Even during the boom)
Another Realtor even came over to look at our house while it was under contract trying to figure out how Utah Dave sold it so fast and why other Realtor's listings weren't selling."
Daiana Springer
• "I just wanted to say thank you for all your awesome help in getting us into this house. We are finally making it look like home and now it is starting to feel like home.Korbin is adjusting well and his favorite part of the whole house is the stairs. His toys are learning to fly and we're hoping he'll lose his fascination with them soon.
Our bamboo plant goes perfect in our new kitchen and our first breakfast was delicious. Thank you again for the gifts and all your help. We will definitely be sending referrals your way."
Thank you!
Jess, Brad & Korbin
•‘Dave is well connected when it comes to Utah real estate...might be missing something if you don't talk to him. We trust him completely and recommend all our friends and family his way. He helped us purchase our first two homes and will be the Realtor we partner with when/if we decide to move again. We trust him completely and recommend all our friends and family to Dave.'
Jason & Jenn Tripp - West Jordan, Utah
• Dave assisted my wife and me in purchasing our first home and the experience was great. We had previously tried working with another realtor but we felt like we were being pressured to buy houses that didn't fit our needs. With Dave it was different. He was very patient and showed us houses until we found the one we could call "home". Since then we have sold our first home and purchased another through Dave and his team. Each experience has been as good as the first. When working with Dave and his team I truly feel like I am working with a friend who is looking out for my family's best interest.
I highly recommend Dave and his team and regularly refer family and friends to them, because I know Utah Dave will not disappoint.
Chris & Kim Frankowski - Herriman Utah
•Our buyers specialist for Utah Dave was great! We had a lot of drama with trying to get financing and some with the sellers, but she was always our ally and making sure that everything was always getting done when it needed to be. She was always willing to meet us to go through houses and was always really prepared with paperwork, etc. Then, when we finally closed, we were able to save so much money by using the van that Dave provided us with! It was a huge lifesaver to be able to move our stuff for free! Everyone at their company was always very friendly and informative. I am a customer for life, or at least as long as I am in Utah and I will always refer them to anyone looking for a great agent!!
Lindsay Jenkins
• You guys did an excellent job with everything and we really appreciate it. Our Utah Dave Buyer's Agent, Matt Brown, was outstanding. We ran into some obstacles and he did a great job helping us overcome them. The next time we have to move, we will want Matt helping us again. Thanks again for all your help.
Jeff Foutz- West Jordan Utah
•As a young family looking to get into our first home, we sure appreciated "Utah Dave's" friendly expertise. At that time he was mostly working in Salt Lake County, but he patiently drove us around to show us homes in northern Davis County. We have been in our home for over 7 years now, and we are glad that Dave was willing to "go the extra mile" and help us get into the perfect home for our family. They don't call him Utah Dave for nothin!
Zack Brown
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