Quick Search
City

Property Type

Price (Min)

Price (Max)

Bedrooms

Bathrooms

4 Strong Reasons to Buy a Home Now

DAILY REAL ESTATE NEWS | MONDAY, AUGUST 13, 2012

“It’s hard to argue against buying a house now, assuming you can get a loan,” writes John Waggoner, a columnist with USA Today. Sure, Waggoner says that getting a credit check for approval of a mortgage can be a “only slightly less intrusive than a CIA background check,” but for those who are able to qualify, a lot of analysts say that now can be a good time to purchase a home.

1. The price is right. The median single-family home price hit its lowest in more than a decade when it reached $154,600 in January, according to the National Association of REALTORS®. That was the lowest since October 2001. During the height of the housing market in July 2006, the median home price for a single-family home was $230,900.

2. It’s cheaper to buy than rent. In nearly every major metro market, it is cheaper to buy a home than rent. Rents have been on the rise the last few years and are predicted to continue to rise. Meanwhile, home affordability is at record highs, which means that buying a home is more within reach to the median income family.

3. Inventories of for-sale homes are shrinking. Ned Davis Research estimates that excess inventories of homes to be eliminated by the end of next year. “When excess supply dries up, people start building more new houses, which has the virtuous effect of reducing the unemployment rate and increasing the economy generally,” according to the USA Today article.

4. Mortgage rates are at record lows. Mortgage rates have hovered near record lows for weeks, which has helped pushing housing affordability higher. For example, the average 30-year fixed-rate mortgage, which is the most popular among home buyers, is 3.59 percent, according to Freddie Mac—just above its record low set on July 26 of 3.49 percent average. “It’s conceivable that at some point in the next 30 years, your interest rate would be less than the rate of inflation,” writes Waggoner for USA Today.

Source: “If You Can Pull it Off, a House is a Smart Investment,” USA Today (Aug. 9, 2012)

House Market Reached Bottom?!?

URGENT: Fannie Mae CEO Uncertain Of Housing Bottom

Fannie Mae isn’t sure that housing is out of the woods….and lets be 100% honest…FANNIE MAE would know.
Remember, almost 100% of ALL new mortgages are backed by Fannie or Freddie.
Why is Fannie Mae concerned that housing may not have hit bottom..and more depreciation could happen? Simple, 19,000,000 (according to our friends at Zillow) underwater mortgages.

Click on the link to read more and watch video:

http://www.facebook.com/pages/Besim-Realty/130131093682416?ref=hl

Rent-To-Own

If you’re worried about the future of the local and national real estate markets, a lease option could be your best bet! Click on the link to get the list of the best Seller Finance homes in Salt Lake County.

http://besim.showmetheinfo.net/rent-to-own/

Salt Lake County Home Values per zip code

So, if you plan on selling your house and would like to know exact value of your house, contact me and I’ll perform Maximum Home Value Audit –  A complete, fact filled, easy to understand valuation of your home.

It’s time to take matters into your own hands. It’s your house, and it’s your money.

Here’s an example of Market Statistics for sold single family houses in Sandy zip code 84092 in January and February. I don’t want to comment on this, I’ll let you to make your own opinion:

As you can see from this statistics, how much you’ll get for your house and how fast you’ll sell it depends on many factors. Some of them are location, list price, condition of the house, your motivation/situation, your choice of agent and his/her marketing and negotiation skill. As you can see, bad choice can cause the lost of your house (foreclosure). So, make wise and educated choice.

If you’d like to get Market Statistics for your neighborhood contact me and I’ll be more than happy to send it to you.

What To Know Before Buying A Fixer Upper

$90,000 YES! This Ranch House in Sandy is really ONLY $90 K!


Sandy Rambler


Overview
Maps
Photos

Video

Market Stats

$90,000
Single Family Home
Main Features
3 Bedrooms
1 Bathroom
Interior: 1,381 sqft
Lot: 0.20 acre(s)
Location
8425 S 751 E
Sandy, UT 84094
USA
To get updates on open home dates and other property events, please click the “Like” button below:


Besim Kuduzovic

Besim Kuduzovic

Principal Realty Group-Utah
(801) 879-9487
besimrealty@gmail.com
http://besimadvantage.info

      

Listed by: Besim Kuduzovic

Our recent listings

Subscribe to our listing feed

Nearby properties for sale

Powered By RealBird.com