Wednesday, February 17, 2021
Tuesday, January 5, 2021
What are the best improvements to make
when trying to sell your home in Utah
How can I get the most return when selling my home in Utah
Are you trying to sell your home in Utah? Should you do any improvements to your home in order to get top dollar? This all really depends on the current condition and value of your home, the current market value of your home and how the market is doing in your area. As far as Utah goes, the market is doing GREAT! Most homes don't need much done to them in order to sell quickly. You won't need to do much when listing your home on market. If you want to potentially sell your home for top dollar and multiple offers above market value, it may be worthwhile to spend some money to make your home stand out. If you're going to spend money, these are the areas where your money will be best spent!
Paint, trims and finishes! Here is one that everyone has heard time and time again, paint. The first impression of a home is the paint color. Stick with neutrals. If you want to do a pop of color or a feature wall, make it just that, a feature wall. Another great aspect of your home to invest in is trims and features. This means baseboards, casings crown molding, feature walls, barn doors, etc. When it comes to baseboards, you'll want to go as high as you can. In a room with a standard 8' ceiling, stick with 5" and in a room with a tall 10' ceiling, go 7". The higher the baseboards, the higher end the home will feel. You'll want your baseboards and your casings to match and stay away from oak and wood color and go with the standard white. A barn door is an in-expensive feature that will add not only value but that "gotta have it" element to your home. It may be the one feature that sells your home so it's worthwhile to make sure it is done right!
Deep clean and declutter. "A clean home is a happy home". We have all heard this quote and the saying is so true. A dirty and cluttered home shows the buyer that the sellers didn't put any care into their home so who knows what else is wrong with the home. Plus it is often hard to see past clutter or dated decor and clutter. Get rid of all unnecessary furniture and nick-nacks. Less is better.
Stage your home! If you can afford it, stage your home! If your furniture has a high end feel, you can get away with using what your have. It is worth it to spend a few hundred dollars to stage your home and yield several thousands in return. Staging your home will allow potential buyers to picture themselves in their future home and envision how they can decorate it to make it their own.
Storage and custom closets. This upgrade is often overlooked by sellers but it one of the things that most buyers will be looking for. Where will they store all of their things? If you have a small space, you'll have to get creative. Storage racks in garages, an organized pantry, cabinets above and around a fridge, etc. If you have the money, you should think about investing in a custom walk-in closet. Depending on the price range of your home, you can purchase your custom closet at a place like IKEA, where you can customize and build your own closet for a reasonable price, or hire a professional to do the job. Regardless, the closet is one area that is often overlooked and may be the deciding factor when buyers are choosing between their favorite homes.
Landscape. First impressions are everything. Landscaping may simply mean removing oil stains from the garage and giving the home a good pressure wash, trimming trees, adding mulch, etc. A clean look for your front and back yard will go a long way in increasing the value of your home.
If you're selling your home in Utah, let us help you. You will receive a free consultation and also receive free staging if needed (virtual or actual), as well as professional photos. https://rent2ownutahhomes.com/Selling
Brokerage Services Provided by Integra Realty
Thursday, December 31, 2020
Is Doing a Rent to Own a Good Idea
in Utah?
When is rent to own a good idea
and when is it better to just rent or purchase in Utah?
Is Rent to Own or Lease Option (Lease with Option to Purchase) a good idea in Utah? Is it legit? How do I know I won't get scammed? When is it better to do a lease option rather than a traditional purchase? You'll get the answer to these questions and more!
Is rent to own legit? Rent to own is totally legal. It is how the rent to own deal is structured that gets people into trouble sometimes. It is always a good to have an agent work for you and help you write up a contract that protects you as the buyer/tenant. If you choose not to have a real estate agent work for you, you can always hire a lawyer to help you with a contract, although a lawyer may be pricier than a real estate and they can't help you search for homes. It is actually free to hire a buyer's real estate agent although they may sometimes charge you a broker's fee (which goes to the broker, not the agent). The real estate agent gets their commission from the seller.
How do I know I won't get scammed? It is always best to get a real estate agent to represent you when doing a rent to own contract. But, if you can't get a good agent who knows how to do a rent to own, at the very minimum, set up the rent payments through a loan processing company. The company will pay any underlying mortgage, track payments and rent credit, etc. This will ensure there is a paper trail of all payments. You will also want to set up an account with a title company and run title on the subject property. Last thing you want to do is purchase a rent to own and realize the sellers don't actually own the property. If you have a good real estate agent working for you, they will take care of all of these details for you!
When is it better to do a lease option rather than a traditional purchase? It depends on your current circumstances and on the current housing market as well. What are your circumstances? Is your credit not allowing for you to qualify for traditional financing? Are you going through a divorce and you don't want to purchase anything before the divorce is finalized? Do you not make enough money but have a settlement coming? Are you showing more debt than is allowed for a loan but have sufficient funds to carry the loan? Is the housing market on a downturn and loans are hard to come by or interest rates are really high? If you're in any of these situations, it may be worthwhile to speak to a real estate agent about doing a lease option.
A few advantages of doing a rent to own include:
1. Less Closing Costs
2. Quicker Move In
3. No Credit Check
4. Home Does Not Show Up As Debt
5. Lock Down Purchase Price
6. Gain Monthly Equity
A few disadvantages of doing a rent to own include:
1. Home Not in Your Name so No Tax Advantages
2. Gain Less Equity Than Traditional Purchase
3. Higher Monthly Payments than Traditional Purchase
4. Non-refundable Down Payment (often higher than a traditional purchase depending on loan product)
5. Less Inventory to Choose From
If you want help with purchasing a rent to own or a lease option in Utah, we are here to help!
Brokerage Services Provided by Integra Realty
Monday, December 28, 2020
What is a "Good Credit" Score for a Mortgage?
Can you have bad credit and still buy a house in Utah?
Do you have bad credit? Can you still have bad credit and buy a home in Utah? Well, the answer to this question is, "it depends". This all depends on what your credit score is, your credit history, how much down payment you have, amount of reserves you have in your bank account and which lender you use.
opploans.com
nerdwallet.com
According to the two charts above, bad credit and good credit can mean very different score ranges. So which is right? In the end, it doesn't matter if your credit is "good or bad" as these views can differ depending on whom you talk to. What matters is what your "middle" score is. What is a middle score? When you get your credit score, you're actually getting three scores from three different bureaus. The middle score is the score that is between the highest and the lowest. For example, if your credit scores are 640, 620 and 580, your middle score would be 620. Minimum credit score requirements for loans can vary depending on what loan product you're needing and which lender you're using.
Federally insured loans start at a credit score of 500 and go up from there. Now a 500 credit score is by no means "good", but loans can be done. Lenders that are willing to go down to a 500 credit score (500-579) are hard to come by and require a 10% down payment requirement. If you have a 580 credit score, only a 3.5% down payment is required. Most down payment assistance programs start at 620 and can go up from there.
Different lenders can help you qualify for different loan programs. So if you are having a problem saving for a down payment and will need down payment assistance, it is best to work on your credit to and raise that score.
We can help you with credit repair and we will credit you back up to 6 months worth of credit repair when you close on your home. That's up to $633 back that can be used towards closing costs. So if you want to buy a home with bad credit or a bankruptcy in Utah, let us know! We will help you find a solution that best suits your needs. Follow this link to read about our no obligation credit repair program. https://rent2ownutahhomes.com/Credit-Restoration-Credit-Builder
Brokerage Services Provided by Integra Realty
Wednesday, December 23, 2020
Utah has a strong economy!
Another good reason to move to Utah!
In today's economic climate, a stable work environment is crucial. When moving and buying a home in Utah, one wants to be sure they are making a sound investment!
Utah currently ranks #2 in the country's economic rankings (source https://www.usnews.com/news/best-states/rankings/economy).
Jobs range from medical sales to warehouse jobs so there's something for every skill level. According to an article in KSL, there are 3 workers for every 4 jobs available in Utah. In June of 2019, there were 81,333 jobs available and 57,071 workers to fill those positions.
If you're looking for a job or are looking to relocate to Utah for find work, be confident you are making a good decision. With the overall housing and economic scene stable and rising in Utah, you can rest assure you'll be making a sound investment for you and your family.
To find out more about relocating or moving to Utah, visit our website at https://rent2ownutahhomes.com/Relocating.
Brokerage Services Provided by Integra Realty
Thursday, December 17, 2020
Our Local Honoring our
Heroes Program in Utah:
Hospitality workers can qualify for our local homes
for heroes program!
As a result of the current pandemic, we appreciate our essential workers now more than ever. One of the true unsung heroes are our hospitality workers. They work every holiday and are there serving us, taking time away from their families and loved ones to do so. Especially during today's pandemic, these workers work tirelessly to make sure we are taken care of. We want to give back to you!
All local hospitality workers automatically qualify for our Honoring our Heroes Program. This means all bartenders, servers, cocktail servers, chefs, hotel workers, etc. qualify for 20% of our commission back at closing when purchasing through us, which can be used towards closing costs. We will also give you 25% off of our listing fee as well when purchasing a home.
Thank you hospitality workers for all that you do. We hope we can find a home for you, some of our true local heroes in Utah.
Brokerage Services Provided by Integra Realty
Selling your home during the holidays,
Is it a good time to sell your home in Utah?
Are you needing to sell your home but have decided to wait due to the holidays? Is the holidays a bad time to sell a home? It may not be a bad time to sell after all! We'll tell you why...
The holidays are a special time for friends and family to gather and reflect on the year and spend quality time with one another. Most people are not thinking of selling their homes. This is both good and bad, good because most people don't want to sell during the holidays and bad for the same reason.
Why is it good to list your home when most people aren't thinking of selling? In short, the answer is inventory. Many people take their homes off market during the holidays or postpone showing until after the holidays are over. If most people aren't wanting to sell during the holidays, that means there's not a lot of homes on market. Yet there will always be those people who have to buy due moving for a job, etc. When the pickings are slim, the prices go up. Simple supply and demand. As long as your home is priced right for the market, your home should sell quickly and for a great price. Selling during the holidays may be good for another reason, having to buy during the holidays.
Most people who sell during the holidays do so only because they have to. Let's face it, the holidays are about friends and family, not having to get your home in show ready condition to constantly host strangers for showings. So this means the people who list their homes on market during the holidays are usually motivated sellers, meaning you can oftentimes score a deal. The key is to find the right seller, and we can help!
Whether you need to sell during the holidays or any time of year, we will get your home sold fast and for top dollar! Plus, save 25% off our listing fee when you also purchase a home through us!
Bonus: If you list your home with us before the year is over, we will also credit you back 20% of our commission when you sell and purchase a home through us. This credit can be used towards closing costs. Your listing will include:
Full service brokerage with years of experience in real estate negotiations
Professional photos including drone, staging & sirtual staging (where needed)
Proven marketing strategy to get you top dollar for your home
Paid social media marketing and featured on all major real estate sites including Zillow, Realtor.com and KSL.com
Instantly accessed by thousands of real estate professionals
Under contract in 30 days or we'll GIVE you *$1,500!
Save 25% off listing your home when you also purchase a home through us!
As part of Team Zen's Honoring Our Heros Program, if you're a Firefighter, EMS, Law Enforcement, Military, Healthcare Professional, Government Worker, Non-profit, or Teacher, we will also GIVE you 20% of OUR Commission at closing when you purchase a home through us!
Contact us to sell your home in Utah!
Brokerage Services Provided by Integra Realty
Subscribe to:
Posts (Atom)