Seller’s Disclosure: How Important are They? As a homeowner, have you ever heard of a seller’s disclosure document? This is a VERY IMPORTANT 6-7 page document that every seller is expected to truthfully fill out regarding the condition of their home or any and all things that should be disclosed to the buyer since you’ve […]
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Exclusive Agency: What You Need to Know Exclusive agency is an agreement between a listing agent and a home seller that a listing agent would expect you to sign before you put your home on the market. What Does an Exclusive Agency Agreement Do? Agency agreements lay out the terms & conditions and additional things
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Utah Home Buying: First Steps As homeowners, home buyers, and home sellers we at Utah’s Best Real Estate Group understand that the Utah home buying process can be intimidating no matter how many times you’ve gone through it! Talking with a Loan Officer The first thing you need to do (which very well might be
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Choosing the Right Utah Real Estate Agent The answer is as simple as it sounds. A real estate agent’s transaction history is what you as a buyer or seller need to consider when choosing your Utah Real Estate Agent. A transaction history is more than the number of homes an agent has bought or sold.
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Home Value Projections in 2020 The housing market staggered to some degree by the health crisis. Potential purchasers are questioning whether home values will be impacted. The price of any item is determined by supply as well as the market’s demand for that item. Each month the National Association of Realtors (NAR) surveys “over 50,000 real
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Is an Economic Recession Looming? More and more economists are predicting the next economic recession is imminent as the result of the pullback in the economy caused by Covid-19. According to the: National Bureau of Economic Research: “A recession is a significant decline in economic activity spread across the economy, lasting more than a few
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Are Interest Rates Going Up Over Time? Who would’ve expected that interest rates in 2010 are lower than they were in the 1970s. Luckily for today’s economy, this is becoming beneficial for the consumer, businesses, and our overall economy. Some Highlights: Hovering at near historic lows, now is a great time to see how much
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Are Homeownership Rates Reaching New Highs? Regardless of the lack of inventory on the market, the U.S. homeownership rate has climbed to a 6-year high. The United States Census Bureau reported that it increased to 65.1% in the fourth quarter of 2019, representing the highest level in the past six years. See the graph below: This increase does not come
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2020 Homebuying Checklist Some Highlights: If you’re thinking of buying a home, plan ahead and stay on the right track, starting with pre-approval. Being proactive about the homebuying process will help set you up for success in each step. Make sure to work with a trusted real estate professional along the way, to help guide you through the homebuying steps
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Forecasting Continued Home Appreciation Questions continue to rise around where home prices will head in 2020. The latest forecast from CoreLogic shows continued appreciation at 5.4% over the next year: Additionally, ARCH Mortgage Insurance Company in their current Housing and Mortgage Market Review revealed their latest ARCH Risk Index, which estimates the probability of home prices being lower in two years. Based on the
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