Ever heard short sales but don't know how they work?
A short sale is a pre-foreclosure sale when a home facing foreclosure – but not officially foreclosed on - is sold at a price less than the debt owed. A buyer gets a great deal on home and a seller avoids foreclosure.
A short sale buyer still needs to be prequalified for the purchase and have an agent already.
In May, the US Treasury offered incentive for buyers to participate in short sales. If borrowers meet the minimum requirements for the Making Home Affordable plan but didn't get a loan modification or couldn't sustain payments under a trial period then they could get a $1,500 incentive payment to pay moving expenses after doing a short sale or died-in-lieu.
There are quite a few short sales in the Logan, Utah and Cache Valley area right now. It’s a great way to buy a home or a piece of real estate. The only disadvantage is that it can take a long time because you are at the mercy of the banks and lending institutions.
I would be happy to show you short sales or other homes for sale in the Logan, Utah area. Cache Valley, Utah is a great place to live and there is no better time to buy a home in Logan, Utah. Contact me at 435-757-5533 or visit my interactive Web site at www.loganhomefinder.com.
Friday, October 30, 2009
Thursday, October 29, 2009
Buying a Home for the First Time in Logan, Utah
The first time you buy a home can be a daunting and stressful task, but there are ways to make it more painless.
First, gather all your financial documents and review your finances, especially your credit score. This will help when it comes time to get a loan.
Next, learn more about mortgages and find out which mortgage is best for you. There are many kinds of mortgages and a lender can help you find out what you need.
Third, decide on what kind of house you want and can afford. Make sure you include the size, location, and features. Based on what kind of home your looking for and your finances I can help you find the best match possible.
I work with first time buyers, return buyers, out of state buyers and all types of people. I will listen to you and give you the best information and work with you throughout the process. Cache Valley, Utah is a great place to live and there is no better time to buy a home in Logan, Utah. Contact me at 435-757-5533 or visit my interactive Web site at www.loganhomefinder.com.
First, gather all your financial documents and review your finances, especially your credit score. This will help when it comes time to get a loan.
Next, learn more about mortgages and find out which mortgage is best for you. There are many kinds of mortgages and a lender can help you find out what you need.
Third, decide on what kind of house you want and can afford. Make sure you include the size, location, and features. Based on what kind of home your looking for and your finances I can help you find the best match possible.
I work with first time buyers, return buyers, out of state buyers and all types of people. I will listen to you and give you the best information and work with you throughout the process. Cache Valley, Utah is a great place to live and there is no better time to buy a home in Logan, Utah. Contact me at 435-757-5533 or visit my interactive Web site at www.loganhomefinder.com.
Wednesday, October 28, 2009
Pre-Qualified? Pre-Approved? What's the Difference?
With so many terms and definitions in the real estate market, it's hard to know what everything means. Would you rather be pre-qualified or pre-approved?
Pre-qualification is a summary of what you can afford. It's a “ballpark” figure based on a thorough snapshot of your financial health. At this stage, you are still subject to more vigorous final approval.
Pre-approval is proof to real estate agents that you are approved for a loan. It is based on verification of your income and a satisfactory appraisal of your property.
Pre-approval is much more than being pre-qualified, but pre-qualification is an important step in getting pre-approved. If you're pre-approved let’s talk because it’s time to start looking for homes. If you need a recommendation on a loan officer please let me know. They are helpful, friendly and honest and will help you with the home buying process. Cache Valley, Utah is a great place to live and there is no better time to buy a home in Logan, Utah. Contact me at 435-757-5533 or visit my interactive Web site at www.loganhomefinder.com.
Pre-qualification is a summary of what you can afford. It's a “ballpark” figure based on a thorough snapshot of your financial health. At this stage, you are still subject to more vigorous final approval.
Pre-approval is proof to real estate agents that you are approved for a loan. It is based on verification of your income and a satisfactory appraisal of your property.
Pre-approval is much more than being pre-qualified, but pre-qualification is an important step in getting pre-approved. If you're pre-approved let’s talk because it’s time to start looking for homes. If you need a recommendation on a loan officer please let me know. They are helpful, friendly and honest and will help you with the home buying process. Cache Valley, Utah is a great place to live and there is no better time to buy a home in Logan, Utah. Contact me at 435-757-5533 or visit my interactive Web site at www.loganhomefinder.com.
Tuesday, October 27, 2009
Time to buy a house? It's time to find a Realtor!
When you are in the market for a new house, it's important to choose a Realtor that will listen to what you need and will use all the resources available to help you get the house you want.
The first thing to know is to be upfront and honest with your Realtor. The more information you give your Realtor, the more they will be able to find the home that you're looking for. Realtors have access to the Multiple Listing Service (MLS), a comprehensive database of past and present listings in a particular area. There's bound to be a house or two based on what you’re looking for.
The Cache Valley area is listed with the Wasatch Front MLS. I would be happy to help you find what you are looking for. I can get you more information about any listing and arrange a showing for any home in Logan and the surrounding area. Cache Valley, Utah is a great place to live and there is no better time to buy a home in Logan, Utah. Contact me at 435-757-5533 or visit my interactive Web site at www.loganhomefinder.com.
The first thing to know is to be upfront and honest with your Realtor. The more information you give your Realtor, the more they will be able to find the home that you're looking for. Realtors have access to the Multiple Listing Service (MLS), a comprehensive database of past and present listings in a particular area. There's bound to be a house or two based on what you’re looking for.
The Cache Valley area is listed with the Wasatch Front MLS. I would be happy to help you find what you are looking for. I can get you more information about any listing and arrange a showing for any home in Logan and the surrounding area. Cache Valley, Utah is a great place to live and there is no better time to buy a home in Logan, Utah. Contact me at 435-757-5533 or visit my interactive Web site at www.loganhomefinder.com.
Monday, October 26, 2009
Government tax credit makes this a great time to buy
Housing prices are low and the government is giving first-time homebuyers an $8,000 tax credit for buying. There is a deadline – the transaction must be completed by November 30, 2009. It usually takes 45-60 days to close a deal, so the time to buy is now.
"If you have the cash and a stable job, this is a perfect time to buy a house," said Ilyce Glink, author of "100 Questions Every First-Time Home Buyer Should Ask.” "But people are running out of time.”
This credit amounts to $8,000 or 10% of the home's value, whichever is less. The full amount can be claimed by single taxpayers earning less than $75,000 and by married couples who earn less than $150,000.
In spite of the slow economy, Utah is in better shape than many other places around the country. Cache Valley's unemployment rates are lower than the rest of the state at 4.2 percent. Businesses are still seeking to come to Utah because prices are low and the standard of living remains high.
If you are first time homebuyer I would strongly suggest you look into real estate in the Logan area. The housing market is conservative so prices are reasonable and homes continue to hold their value. Cache Valley, Utah is a great place to live and there is no better time to buy a home in Logan, Utah. Contact me at 435-757-5533 or visit my interactive Web site at www.loganhomefinder.com.
"If you have the cash and a stable job, this is a perfect time to buy a house," said Ilyce Glink, author of "100 Questions Every First-Time Home Buyer Should Ask.” "But people are running out of time.”
This credit amounts to $8,000 or 10% of the home's value, whichever is less. The full amount can be claimed by single taxpayers earning less than $75,000 and by married couples who earn less than $150,000.
In spite of the slow economy, Utah is in better shape than many other places around the country. Cache Valley's unemployment rates are lower than the rest of the state at 4.2 percent. Businesses are still seeking to come to Utah because prices are low and the standard of living remains high.
If you are first time homebuyer I would strongly suggest you look into real estate in the Logan area. The housing market is conservative so prices are reasonable and homes continue to hold their value. Cache Valley, Utah is a great place to live and there is no better time to buy a home in Logan, Utah. Contact me at 435-757-5533 or visit my interactive Web site at www.loganhomefinder.com.
Friday, October 23, 2009
Report: Logan ranked a safe college town
Utah State University in Logan, Utah has made the list of 25 safest college towns, according to the news and opinion website, The Daily Beast. USU is ranked 13th of 4,000 colleges surveyed.
According to The Daily Beast, which quotes Morgan Quitno Press, Logan is ranked among the safest metropolitan areas in the country. The Daily Beast also quotes USU Police Chief Steve Mecham as saying the school's good faculty and safe community helps USU achieve such rankings.
The data used in the survey included statistics colleges give to the federal government. The criteria for the list included having at least 6,000 students and not being a commuter college.
Logan is not only a safe college town, it is a great place to live. Housing is very affordable and worth looking into. Cache Valley, Utah is a great place to live and there is no better time to buy a home in Logan, Utah. Contact me at 435-757-5533 or visit my interactive Web site at www.loganhomefinder.com.
According to The Daily Beast, which quotes Morgan Quitno Press, Logan is ranked among the safest metropolitan areas in the country. The Daily Beast also quotes USU Police Chief Steve Mecham as saying the school's good faculty and safe community helps USU achieve such rankings.
The data used in the survey included statistics colleges give to the federal government. The criteria for the list included having at least 6,000 students and not being a commuter college.
Logan is not only a safe college town, it is a great place to live. Housing is very affordable and worth looking into. Cache Valley, Utah is a great place to live and there is no better time to buy a home in Logan, Utah. Contact me at 435-757-5533 or visit my interactive Web site at www.loganhomefinder.com.
Wednesday, October 21, 2009
Short Sales – What to Know
Ever heard short sales but don't know how they work?
A short sale is a pre-foreclosure sale when a home facing foreclosure – but not officially foreclosed on - is sold at a price less than the debt owed. A buyer gets a great deal on home and a seller avoids foreclosure.
A short sale buyer still needs to be prequalified for the purchase and have an agent already.
In May, the US Treasury offered incentive for buyers to participate in short sales. If borrowers meet the minimum requirements for the Making Home Affordable plan but didn't get a loan modification or couldn't sustain payments under a trial period then they could get a $1,500 incentive payment to pay moving expenses after doing a short sale or died-in-lieu.
There are quite a few short sales in the Logan, Utah and Cache Valley area right now. It’s a great way to buy a home or a piece of real estate. The only disadvantage is that it can take a long time because you are at the mercy of the banks and lending institutions.
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