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Wednesday, September 19, 2012
Buying A Short Sale
Nothing is more frustrating for a short sale buyer than the wait time!! The seller is going through a tough, personal time and does not have the obligation to disclose the details, so even with regular updates, the buyer's agent is not always privvy to what's going on behind the scenes.
Your agent may only specialize in buyers and may not have ever worked with a bank on a short sale before. This quick guide will give you some insight as to things that can come up during the process, questions to ask your agent, things to do and things definitely NOT to do!
Save the anxiety and frustration by reading this first! ---> Buying A Short Sale
Tuesday, July 10, 2012
896 W 675 S Mapleton - Price Reduced to $625,000
896 W 675 S Mapleton, UT 84664
Call or Text TG if you would like to tour this beautiful home! 801-755-0446
Was $649,900 ---> NOW $625,000!!
THIS IS NOT A SHORT SALE!
THIS HOME IS MOVE-IN READY TODAY!!
Fabulous new home with front yard landscaping on one acre in Mapleton. Enjoy a master with two more bedrooms and an office on the main floor. Three bedrooms with two bathrooms (one Jack and Jill) and a family room upstairs. Spacious unfinished basement includes a large future tiered theater room. Entrance into basement from second garage for a potential mother-in-law apartment. Oversized garages allow for 5 cars and your toys too. Don't miss the large hidden pantry in the kitchen. This is a must see!
Rooms Include
- 6 Total Bedrooms
- Floor 2: 3
- Floor 1: 3
- 5 Total Bathrooms
- Floor 2: 2 Full
- Floor 1: 2 Full
- Floor 1: 1 Half
- Other Rooms:
- Floor 2: 1 Family Rm(s); 1 Laundry Rm(s);
- Floor 1: 1 Family Rm(s); 1 Formal Living Rm(s); 1 Kitchen(s); 1 Bar(s); 1 Laundry Rm(s);
Square Feet On Each Floor
- Floor 2: 1600 sq. ft.
- Floor 1: 2900 sq. ft.
- Basement: 2900 sq. ft.
- Total: 7400 sq. ft.
Lot Size In Acres
- Acres: 1.00
Inclusions
- Ceiling Fan
- Fireplace Insert
- Microwave
- Range
- Range Hood
- Refrigerator
Interior Features Include
- Bath: Master
- Bath: Sep. Tub/Shower
- Closet: Walk-In
- Dishwasher, Built-In
- Disposal
- Great Room
- Jetted Tub
- Oven: Double
- Range: Countertop
- Range: Gas
- Floor Coverings: Hardwood; Travertine
- Window Coverings: None
- Air Conditioning: Central Air; Electric
- Heating: Gas: Central
- Basement: (0% finished) Full
Exterior Features Include
- Exterior: Basement Entrance; Double Pane Windows; Entry (Foyer); Patio: Covered
- Lot: Road: Paved; Sidewalks; Terrain, Flat
- Landscape: Landscaping: Part
- Roof: Asphalt Shingles
- Exterior: Aluminum/Vinyl; Asphalt Shingles; Stone; Stucco
- Patio/Deck: 1 Deck
- Garage/Parking: Attached; Extra Height; Opener; Extra Length
- Garage Capacity: 5
Call or Text TG today! 801-755-0446
Listed with Julie Larson
Keller Williams South Valley Realty
801-755-8899
MLS# 1074096
Monday, July 9, 2012
Bountiful Land to be Developed
Many nearby residents have mixed emotions about the coming changes.
They have seen many vegetables grown, ball games played, hide & seek games, Easter egg hunts, go kart races, tote-goat mishaps, snowball fights, boat races in Stone Creek, hide outs from vigilantes unknown, skateboarding in the concrete pipe that lead to the creek, used it as an outdoor photo studio, a shortcut to and from school, a swimming hole for cooling off on hot summer days and many, many more youthful adventures.
Many residents had hoped it would be turned into a park. But perhaps now with new homes being built and new flowers planted, Bountiful's deer population will have “new” items to feast on before heading into nearby vegetable gardens!!
Friday, July 6, 2012
Remodeled 3-Bedroom Sugarhouse Bungalow $249,900
967 E ATKIN AVE, SALT LAKE CITY, UT 84106
TG 801-755-0446
1924 Bungalow | 3 Bedroom | 1.75 Bath
1,911 Sq ft | .17 Acre
Move-in ready 3 bedroom 1.75 Bath in Sugarhouse. New Kitchen; Bathrooms; Paint; Carpet; High Efficient Furnace; AC; Water Heater; and Windows. Beautiful home in quiet Salt Lake City Neighborhood. Lots of Mature Landscaping. Near parks and shopping.
If you'd like to go check it out, call or text
TG at 801-755-0446
Listed with Julie Larson
Keller Williams South Valley Realty
801-755-8899
MLS# 1102680
Tuesday, July 3, 2012
Home Staging Tips and Information
Home Staging
Home staging may help your home sell faster, resulting in a better price than you probably would be able to without staging. Always remember is that your home should appeal to a wide variety of buyers.
Staging is best done before the home ever goes on the market, but it can be to help homes that are not selling.
Most buyers make up their mind about a home even before entering it, which is why it is important to achieve a good first impression. Here are some DIY tips to help you prepare your house for the best first reaction.
- Clean your house! Kitchen, bathrooms, carpets & windows. Make certain it passes the sniff test!
- Make your home organized and less cluttered, storing any unnecessary items. This will make your home look neat and spacious.
- Curb appeal! Curb appeal! If needed, get your home repainted. Then mow the lawn, clean up planter beds, add flowers, replace anything broken or missing.
- Check the floors. Anything that might need refinishing or replacing may turn off potential buyers.
- Organize furniture and accessories to create an easy flow from room to room. Make the most of what you already have, but there are also furniture renting options or you can even borrow items from friends & family.
- Keep personal pictures and items to a minimum. You want buyers to visualize themselves living in the home, by keeping the colors and the decor neutral.
We've worked with a number of professional home stagers and would love to answer any questions you may have.
Call or email today!
Thursday, June 28, 2012
What is a Short Sale?
A SHORT SALE is a sale of real estate, where the proceeds from selling the property will fall short of the balance owed to the bank. The homeowner cannot afford to repay the mortgage's full amount and the bank agrees to accept less than the amount owed on the mortgage.
The bank will require the following items before processing your short sale:
- Authorization (Allowing us to speak to your bank)
- Hardship Letter (Letter explaining the situation that lead you to have to sell)
- Financial Worksheet (Most forms are specific to and provided by the bank)
- Copies of last 2 Pay Stubs
- Copies of last 2 Bank Statements
- Copies of last 2 years' Tax Returns
- IRS Form 4506T (copy of tax return transcripts)
- Type of mortgage (FHA, Conventional, VA, etc)
- Who your Mortgage Investor is
- If you have Mortgage Insurance
- The amount of loss the bank will be taking (There are extra level of Quality Control)
Tuesday, June 26, 2012
BEAUTIFUL Home Before and After Pictures
TG Larson is the team's property manager and master renovator. Not only does he help out the homeowner, he helps out the home. Which in turn, helps the neighborhood and overall property values!
Check out one of his latest projects! AWESOME JOB TG!!
Thursday, June 21, 2012
FOR SALE - 896 W 675 S Mapleton $649,900
Call TG to take a tour! 801-755-0446
6 Bedroom | 4.5 Bath | 7,400 sq ft | 1 acre
$649,900
Listed with Julie Larson at
Keller Williams South Valley Realty
1864 W 12600 S Ste 6
Riverton, UT 84065
801-755-8899
MLS# 1074096
Wednesday, June 20, 2012
Meet Our Newest Team Member!!
Meet our newest Team Member Zoey!
(Unless her name changes again!!)
Welcome to the Team!!
Friday, June 15, 2012
Limited Space in your Tiny Bathroom?
Until you are ready to move up, make use of that tiny bathroom!
Use hook-and-loop tape to attach 5-in. lengths of 2-in.- diameter PVC pipe to the vanity door to hold the curling irons. Do the same thing with 3-in. pieces of 1-1/2-in.-diameter pipe to hold the cords. Just measure your curling irons to see how long your “holsters” need to be. Let your curling irons cool before you stow them away.
This and many other ideas courtesy of http://www.familyhandyman.com/DIY-Projects/Home-Organization/Bathroom-Storage/diy-bathroom-storage/View-All
Give us a call when you're ready to find this!
Monday, June 11, 2012
UTAH MOM INJURED IN TERRIBLE BICYCLE ACCIDENT
MELANIE SKOY COYLE
Mother of 8, Melanie Skoy Coyle, participated in the Little Red Riding Hood Charity cycling event on June 2nd and took a serious blow to her head. She was transported by ambulance where it was discovered that her head had filled with blood and put too much pressure on her brain. That resulted in an emergency surgery where they drilled a hold through her head and drained the blood.
Because of the pressure the blood put on her brain, she is slowly trying to regain her memory and basic skills. Doctors don't know how long all of this will take for her to be fully restored and she is uninsured.
She has a long road ahead to recovery! She is expected to be leaving the hospital tomorrow and needs the help of family, friends, the community and everyone with a big heart!!
The family has set up an account at America First Credit Union under Melanie Skoy Coyle. Donations can be made by going into a local branch; Credit Union Members can call 800-999-3961 and speak with a rep to make a transfer; or Mail Checks or pay through your bank's online bill-pay using this address:
America First Credit Union
attn Melanie Skoy Coyle Charitable Account
PO Box 9199
Ogden, UT 84409
The family is very grateful for all the prayers and support.
https://www.americafirst.com/
Melanie is a childhood friend of our short sale specialist, Chris. We created this post in support of her family. We thank you for taking the time to read this.
Friday, June 8, 2012
Short Sale Approval in Record Time!!
Let's give a shout out to our Short Sale Specialist CHRIS!
She submitted a short sale offer to GMAC on Tuesday... Approval on Friday!!
WAY TO GO CHRIS!!
Thursday, June 7, 2012
If You or Someone You Care About Owes More to the Bank Than Their Home is Worth
Not Reading This Could Literally Cost You Tens of Thousands of Dollars!
Unless you’ve been asleep for the last 5 years, then you know that home values have dropped unlike any other time in our lifetimes. Here in Salt Lake City, homes have dropped 30.5% since April of 2006 according to CoreLogic.
No one could have predicted that home values were going to drop so rapidly and so much. If you’ve found yourself owing more than your home is worth, please don’t blame yourself or think that you could have prevented it.
The fact is that thousands of homeowners here in Salt Lake County are in the exact same boat. In fact, anyone who bought a home with near 100% financing as early as 2004 may still owe more than their home is worth.
But that’s not the bad news.
This Act waived the tax liability that previously came with the forgiveness of debt that happens when a bank forecloses or a homeowner short sales their home and the amount owed is greater than what the home sells for.
The difference between these two numbers is considered forgiven debt and reported as income to the homeowner by the bank to the IRS.
Before the Mortgage Forgiveness Debt Relief Act, losing your home wasn't the biggest pain you'd feel. You might also have to pay taxes on the forgiven debt as though it were income!
This is the BAD NEWS...
The Act is set to expi re December 31st 2012. And since we’re in an election year, all bets are off. I won’t even attempt to predict which way it will go, but I will say this:
If I were facing foreclosure or if I owed more than my home is worth, I’d want to explore my options ASAP for two very important reasons.
1. I want to resolve the forgiven debt situation before the end of this year so I KNOW what my tax bill will be (before the end of the year it’s GUARANTEED to be zero**).
2. I understand supply and demand. The closer we get to the end of the year, the more the media will talk about the looming tax bill for homeowners and people will be frantically looking for help to avoid these taxes. The last thing anyone wants is to owe the IRS taxes. The well informed will have explored their options and put in motion solid plans.
I’ve helped hundreds of homeowners over the past 5 years strategically avoid foreclosure. I’ve also helped a few who have waited until the last minute, but honestly, the longer a homeowner waits to get help, the fewer options they have & the more difficult recovery can be.
If you or someone you care about owes more than their home is worth, even if they are in the process of working out a loan mod, or plan to stick it out, just to be safe, they should give me a call at (801)755-8899 and evaluate their options.
Sincerely,
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