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Pleasant Grove, Utah; Current Market Conditions

11-08-09

Mark Watterson Utah Real Estate: Real Estate Agent in Salt Lake City, UT

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Office: (801) 815-0411

Mobile: (801) 815-0411

We need Positive Price Action to confirm market bottom. One month of price improve isn't sufficient to confirm the market bottom. We need to see appreciation month over month for three months.

PRICE ACTION

Pleasant Grove

Other good signs in addition to positive price action is lower DOM (days of the market), lower new listings and higher percent of new listings being SOLD.

SUMMARY

Currently we are not seeing the needed positive price action (along with other indicators) to confirm a market bottom. This is NOT a good time for those with low and/or no risk tolerance to purchase.

High and medium risk tolerant investors are making buying decisions and are doing some bottom fishing.

Some are trying to time the market and market timing is risky. Trying to time the bottom is not for the inexperienced buyer and extremely difficult.

Those waiting for a market bottom confirmation will (almost always) miss the bottom. This is because confirming factors are lagging indicators.

Buy and hold is the best buying strategy.

Data considered accurate... However is NOT Guaranteed. Contact your Mark Watterson your Local Property Resource Specialist for the most up-to-date data and help to determine your specific risk tolerance.

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Mark Watterson is a Utah licensed Real Estate Broker with Principle Realty Group, Inc. and a Utah license Loan Officer with Springwater Capital, LLC

Contact Mark Watterson your Local Property Resource Specialist for the most up-to-date market conditions data for Salt Lake, Davis, Utah and Weber Counties. View comprehensive property resource information at www.markwatterson.com

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My customers refer their family and friends because of the exceptional attention to detail, customer focus and the value added services they receive. An unmatched passion and love for providing these services is the thread that binds the entire business process together making it a smooth and seamless event.

In fact it doesn't even seem like business. Because it's all about you, your goals and objectives.

You should expect the highest level of service and you deserve it. It's about you, the right property and your GOALS. YOU Deserve the BEST!

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Utah County Home Seller Motivation (Motivated Seller) Utah County Real Estate

09-14-09

Robert A. Hulme - Utah County Real Estate - Provo

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Office: (801) 426-4964

Mobile: (801) 885-2586

Utah County Home Seller Motivation (Motivated Seller) - Utah County Real Estate

Utah County Home Seller Motivation can have a dramatic effect on the price of the home. The most common "Motivated Seller" is someone who has already bought his or her next home or is relocating to a new area. They will be under the gun to sell the Utah County Home quickly or face the prospect of making two mortgage payments at the same time. Since that can drain a bank quickly, most sellers want to avoid such a situation and may be willing to give up thousands of dollars to avoid the possibility.

Family crises can be a motivation for a Utah County Seller to make a quick deal. However, when you see a real estate ad that mentions, divorce, motivated seller, relocation, or something to that affect, beware. Many times this kind of ad is designed to generate phone calls and leads rather than sell the home.

There are times when the Utah County Seller truly is distressed, willing to make a quick sale and sacrifice thousands of dollars. With the seller's permission, the listing agent will post this information on the Multiple Listing Service. They may also inform other agents during office meetings or by flyer sent to other real estate agents. Provided this information has been made generally available to Utah County Realtors, your agent should know when a seller is truly motivated and when it is just "puffing" designed to elicit interest in the property.

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Who Pays for Closing Costs in Utah County Real Estate?

08-14-09

Robert A. Hulme - Utah County Real Estate - Provo

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Office: (801) 426-4964

Mobile: (801) 885-2586

Who pays for Closing Costs in Utah County Real Estate?

There have been times in the past that I have had clients come to closing not understanding what kind of money they would be required to pay. There are various fees associated with buying and selling a home. These fees are called closing costs. Some of these fees are automatically assigned to either the buyer or the seller, other costs are either negotiable or are dictated by Utah County area custom.

Buyer Closing Costs

When the buyer applies for a Utah County Home Loan, loan officers are required to provide the borrower with a good faith estimate of their closing costs. These fees will vary depending on the type of loan and the terms of the purchase agreement. Some of the closing costs, especially those dealing with the loan application, are actually paid in advance. Some typical closing costs include:

Down payment, Loan fees (points, application fee and credit report), prepaid interest, Inspection fees, Appraisal, Mortgage Insurance, Hazard Insurance,Title Insurance

Seller Closing Costs

If the house has not yet been paid in full, the sellers most important closing cost is satisfying the remaining balance of their Utah County Home Loan. Before the date of closing, the escrow/title officer will contact the seller's lender to verify the amount needed to close out the loan. Then, along with any other fees, the original loan will be paid for at the closing before the seller receives any proceeds from the sale. Other seller closing costs include:

Broker commission, Transfer taxes, Title Insurance, Property Taxes (prorated), Negotiated Closing Costs

In addition to the sales price, Utah County Buyers and Utah County Sellers frequently include closing costs in their negotiations. This can be for both major and minor fees. For example, if a Utah County Buyer is particularly nervous about the condition of the plumbing, the seller may agree to pay for the house inspection. Likewise, a buyer may want to save on up-front expenditures, and so agree to pay the sellers full asking price in return for the seller paying all the allowable closing costs. There is not right or wrong way to negotiate closing costs, just be sure all the terms are written down on the purchase agreement.

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Pleasant Grove, UT - 2nd Quarter 08-09

07-08-09

Alan Barker - Utah Homes

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Office: (435) 881-0277 x435 7

Mobile: (435) 881-0277
Secondary: (435) 752-4811

There was an 11.5% increase in Pleasant Grove homes sold. Pleasant Grove was also the only major city in the county that had an increase in sold price. Median price was up $20,000 and average sold price was up about $5,000. Surprisingly, current median price is 5.88% lower than what sold price was. Pleasant Grove inventory is 10.55 months.

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Pleasant Grove, UT, 84062 - For Sale By Owner

07-04-09

Jane Kosheleva

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Pleasant grove, UT - for sale by owner at Fizber.com

Price: $326,700

FIZBER.com ID 11646413

Single Family with 5 bed, 4.0 bath, in 9076 N Canyon Heights Drive Pleasant grove, UT, 84062

http://www.fizber.com/11646413/

9076 N Canyon Heights Drive - For Sale By Owner

Property Details:

Type:	Single Family
Address:	9076 N Canyon Heights Drive, Pleasant grove, UT, 84062
Sq footage:	5152.0
Floors:	n/a
Bathrooms:	4.0
Bedrooms:	5
Year built:	2000

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Homes for Sale by Owner.

Description:

Interior Features Include:

Other Rooms: Flr 1 Family Room / Den, Flr 1 Kitchen Dining, Flr 1 Formal Dining, Flr 1 Semi Formal Dining, Flr 2 Family Room / Den, Bsmt Family Room / Den, Bsmt Kitchen Dining, Bsmt Laundry
Features: Bath-Sep Tub/Shower, Closet-Walk-In, Dishwasher, Disposal, Gas Log, Hardwood Floors, Kitchen-Second, Master Bath, Mother-in-Law Apt, Vaulted Ceilings
Window Covering: Blinds, Part, Plantation Shutters
Air Conditioning: Central Air Electric
Heating: Forced Air, Gas Central
Flooring: Carpet, Hardwood, Tile
Basement: Full, Walkout

Exterior Features Include:

Features: Bay/Box Windows, Deck Covered
Lot: Corner Lot, Curb & Gutter, Fenced Part, Secluded Yard, Sidewalks, Sprinkler, Auto-Full, View, Valley
Landscape: Full Landscaping
Roof: Asphalt Shingle
Exterior: Stone, Stucco
Garage: Attached, 3 vehicles
Deck(s): 1