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Thursday, September 3, 2015

9 Common Real Estate Myths That Can Cost You Money


In recent years, technology has radically changed the way homes are bought and sold, and yet some aspects of real estate are the same as they were when your parents bought their last home. If a long time has passed since your last transaction, you may be surprised at how much has changed.
The Internet has made much more information available to consumers, but not all the information is equal, or even accurate.

"A lot of people, for some reason, they believe what they read on the Internet," says Gea Elika, principal broker of Elika Real Estate in New York "Read everything you see on the Internet with a grain of salt." The danger with believing everything you hear or read is real estate myths can cost you money when it's time to buy or sell a home. Here are nine of the most common ones that can trip up buyers and sellers:

The home value sites on the Internet are completely accurate. Websites such as Zillow and Trulia have gained popularity in recent years but be weary of their valuations. While these sites can provide some valuable information, home values are not one of them. They are consistently inaccurate and can cost you money. Only a licensed Realtor or Appraiser can give you an accurate valuation of a home.

Set your home price higher than what you expect to get. Listing your home at too high a price may actually net you a lower price. That's because shoppers and their real estate agents often don't even look at homes that are priced above market value. It's true you can always lower the price if the house doesn't garner any offers in the first few weeks. But that comes with its own set of problems. "Buyers are highly suspicious of houses that have sat on the market for more than three weeks," says Nela Richardson, chief economist for the brokerage Redfin. In areas such as San Francisco where multiple offers are common, sellers will actually price their homes for less than they expect to get, in the hopes of getting multiple offers above asking price. However, if you do this in a declining market, the danger is that all the offers will come in at the asking price or lower.

You can get a better deal as a buyer if you don't use a real estate agent. "That's a completely false premise," Elika says. If the house is listed with a real estate agent, the total sales commission is built into the price so the seller is covering the cost of both agents. If the buyers don't have an agent, the seller's agent will receive the entire commission.

You can save money selling your home yourself. Some people do successfully sell homes on their own, but they need the skills to get the home listed online, market the home to prospective buyers, negotiate the contract and then deal with any issues that arise during the inspection or loan application phases. It's not impossible to sell a home on your own, but you'll find that buyers expect a substantial discount when you do, so what you save on a real estate commission may end up meaning a lower price. It's not impossible to sell your home on your own for the same price you'd get with an agent, but it's not easy.


You should renovate your kitchen and bathroom before you sell. If your kitchen and baths work, a major remodel could backfire. Prospective buyers may not share your taste, but they don't want to redo something that has just been renovated. "You're better off adjusting your price accordingly," says Kevin Brown Jr., president of Praedium Real Estate Services in Pittsburgh and a regional director of the NAEBA. "Most buyers want to put their own spin on things."

You'll earn back what you spend on renovations. If you fix the heating and air conditioning system or roof, you will sell your house more quickly, but you may not recoup what you spent. According to Remodeling magazine's 2015 Cost vs. Value Report, the only renovation that is likely to net you as much as you spent is a new front door. You're likely to recoup only 67.8 percent of what you spent on a major kitchen remodel and 70 percent of what you spent on a bathroom remodel on a mid-range home. "Very few things will bring you great returns," says Sabrina Booth, an agent with Redfin in Seattle. "If you're going to do these projects, it's better to do them for your own enjoyment."

All the properties listed in the multiple listing service show up online. Your agent must choose to let the listings show up online. Most do, but it never hurts to verify that yours will.

Open houses sell properties. Homes rarely sell to buyers who visited them during an open house. Agents like open houses because it enables them to find additional customers who are looking to buy or sell homes. If you or your agent choose not to have an open house, it probably doesn't hurt your sale chances – although holding a broker's open house for other agents may be worthwhile.

By: Theresa Meers- Aug 2015

Monday, August 31, 2015

Are we shifting back toward a buyer's market?

Advantage Shifting Slightly to Home Buyers

Home buyers may be gaining more leverage in the housing market. As the last few weeks of summer wind down, a realtor.com® analysis of housing data for the first three weeks of August reflects a market that is tipping slightly toward buyers' favor. While sellers still have the advantage, it's showing signs of lessening, the realtor.com® analysis notes.
“We are now entering the time of the year when both inventory and demand typically reach their peak as the start of the school year takes away a substantial chunk of near-term demand,” says Jonathan Smoke, realtor.com®’s chief economist. “This year we’re seeing inventory continue to grow in August. And while overall demand is strong, the trend on median days on market is suggesting that the market is finding more of a balance—and that bodes well for would-be buyers who have been frustrated by the inability to find a home to buy this spring and summer.”
During the first three weeks of August, inventory of for-sale homes increased 3 percent month-over-month. Median list prices nationwide rose 8 percent year-over-year to $233,000. Also, the median days on the market of listings was on the rise in August, increasing to 75 days as houses take slightly longer to sell—another sign reflecting a market that is slightly tilting to the buyers.

Source: “The 20 Hottest U.S. Real Estate Markets in August 2015,” realtor.com® (Aug. 31, 2015)

Monday, August 24, 2015

Under Contract....

After looking at nearly 20 homes, we finally found one that my client LOVES! I love my job!!

Did you know?....

Under California Civil Code Section 1710.2, if you’re selling a property in California and within the past 3 years someone’s died on/in it, it’s considered a material defect and must be disclosed by the seller (unless the death was due to AIDS.) Utah does not require this disclosure.

Wednesday, July 29, 2015

For Sale in Payson!

332 W 1420 S, Payson. Cute home in Payson for sale. $222,900. 6 beds/3 baths, fully finished basement and large, fenced-in backyard. 3% BAC, MLS# 1295773.





Lot Sold!


Thursday, July 16, 2015

Under Contract!

Found this cute house for my clients on the east side of Salt Lake City! I can help you find your next home too. Call me at 801-376-8404.

Thursday, July 9, 2015

9 Reasons to Buy vs. Rent

There are many reasons why you should consider jumping into the real estate market and buying a home. Below is a list of 9 reasons why you should seriously consider it.
  1. To Quit Renting
    Why contribute to someones mortgage payments when you could be paying off your own? With programs available such as the new 40-year amortizations and no money down with a good credit score, it is easier than ever to own a home. And with the current market increase in rent it can sometimes be cheaper to own than it is to rent and there is no fear of your mortgage payments suddenly increasing.
  2. Security
    You don’t have to worry about your house being sold out from under you to out-of-province investors. If renting and faced with this scenario, you could find yourself faced with an unreasonable increase to your rent, thereby leaving you potentially homeless or too poor to eat. These increases could continue indefinitely so the investors can make more money or so that you will feel forced to leave and they can turn your building into a condominium.
  3. Investment
    The price of real estate continues to increase every year, therefore purchasing real estate is one of the safest long-term investments a person can make. If you had the choice between putting money towards a new car or a new house, a house should win every time as it will appreciate in value over the years whereas a car does the opposite. Once you own one house and build some equity you may also be in a financial position to buy another and rent one out.
  4. Low Interest Rates
    Right now we have some great interest rates which will help you get your foot on the first rung of home ownership. It is a great time to get into the market and lock into a really good interest rate and build equity.
  5. Pride of Ownership
    One of the biggest reasons people buy properties is the pride of saying they own something. Even if it is a little starter home or apartment style condo, it is yours and you can do with it as you please, and for that, a person should be proud, as ownership is an accomplishment.
  6. Privacy
    If you own your own house, you don’t ever have to worry about the owners checking up on you, since you are the owner! You will gain much more independence and privacy when you have your own property.
  7. Equity
    One of the best things about owning a home is that you are building equity, which gives you more freedom financially as you can access a home equity loan. You may then borrow against the equity you have built in your home for a wide variety of reasons including home improvements, paying for school for your children, medical reasons, or even starting your own business. Check with your lender, as these vary from one to the next.
  8. Freedom
    You are free to do what you want in your own home, whether you want to paint the walls in pink and black zebra or put carpet on the ceiling (not recommended of course!) You have the freedom to express yourself and your personal tastes and change the house to suit your needs. You can hang as many pictures as you want and do renovations as you please. Just keep in mind that when you are ready to sell your home, not everyone may like what you do.
  9. Sense of Community
    Owning a house gives you a feeling of belonging in that neighborhood and gives you the sense of putting down roots and getting established. There are also many neighborhood groups that you can become involved in, and if you have children it may be of benefit for schools and friends.

What Does a Red Front Door Mean? (more than you think!)

Painting Your Home Front Door Red

If you’ve ever noticed houses with red front doors you may have wondered- What does a red front door mean? Why did they paint their front door that bright color?
red-front-door-what-does-a red-front-door-mean-exterior-house-paintThe history, origin and meaning of a home having a red front door is varied. There is no one origin for the red exterior door.
If you are thinking of painting the front door of your home red, consider some of these meanings to decide if red is the right color choice for your front door. Your home’s exterior is important and how you paint your home reflects on you.
Consider these meanings before heading out to buy home exterior paint:
In Feng Shui, a red front door means “welcome.” Feng Shui is a Chinese philosophy in which the arrangement and color of objects in a room relates to the flow of energy. The front door is known as the “Mouth of Chi” where energy enters. If you believe in or follow Feng Shui, painting your front door red would create welcoming energy.
A red door means “welcome” in an old early American tradition. If a family had a red front door tired travelers traveling by horse and buggy would know that a home was a welcoming place to rest. They would be able to spend the night there.
A red door provides protection. In Biblical times, the Hebrew slaves were instructed to smear blood of a lamb on their front doors to protect their first born from the angel of death. In old Catholicism churches painted the doors of the church red to represent the blood of Christ. Passing through the door would mean that you were on holy ground. Some believe a red door protects the occupants from evil.
A red front door means mortgage-free. In Scotland, homeowners would paint their front door red to signify that they had paid off their mortgage.
Now that you’ve read some of the meanings and origins behind having a red front door, you can decide if painting your front door red is the right choice for your home.

*homecurbappeal.com

Tuesday, June 30, 2015

Be a Statistic!

Did you know that Utah ranks #11 of the states in Home Ownership? 73.9% of adults in Utah own a home. Are you ready to be a statistic? Call me!

Saturday, October 11, 2014

4 easy tips to have an energy efficient home this winter


 winter homeYou spent weeks searching for your home and you spend even more time every year maintaining your home to make it clean and functional.
Cleaning the bathroom, mopping the floors, washing the windows, dusting, and vacuuming are all activities that you perform regularly in order to preserve the prestige of your home, but how much time do you devote to making sure that your home is energy efficient?
Although it may not be a bad idea to install solar panels or use those peculiarly shaped, energy saving bulbs in every room to conserve energy, those products aren't for everyone. So here are four simple tips to become more energy efficient.

Reduce oven use

Microwaves and toaster ovens use less energy than a conventional oven. Unless you have a large quantity of food or the quality and taste depend on it, put your leftovers in the microwave rather than using an oven to reheat.
Resisting the urge to use the oven and using a microwave or toaster oven produces the same warm meal with reduced energy usage. However, if you are afraid that reheating your french fries in the microwave will make them soggy and you absolutely must use the oven in order to preserve their crunch remember to not open the oven door while food is cooking or reheating. Opening the door to the oven while it is on can reduce the temperature by as much as 25 degrees, thus causing it to work harder to maintain the set heat.

Get the most out of your lamps

Lamps decorate and give light to any room they are placed in. When using lamps determine if your primary purpose is to decorate or illuminate the room. Achieving both objectives is what most people want but usually one is more of a priority than the other.
Depending on your goals, there are different tips you can apply to your lamp use in order to make your home more energy efficient. Light colored or opaque lampshades should be used whenever possible.
There are a wide variety of lampshades and you should choose the one that appropriately decorates and illuminates the room. In order to produce more light lamps should be placed in corners so that light can be reflected from two walls. Oh, and don't forget the energy efficient light bulbs.

Keep your freezer full

Full freezers use less energy than empty freezers so go ahead and make your ice cream stash a little larger. In order to save energy, some people fill the empty spaces in their freezers with gallons of water, but a gallon of ice cream can do the job just as well—we all know which gallon container you would prefer.

Use your dryer efficiently

Your dryer is an appliance that uses an enormous amount of energy. According to energy.gov your dryer uses just as many watts as 15 flat screen TVs. However, there are a few things you can do to reduce the amount of energy your dryer consumes.
  • Always be sure to clean the dryer lint filter so that your dryer operates more efficiently.
  • Washing and drying several loads at once also helps the dryer to perform better because it does not completely cool down before having to heat up for the next load.
  • Make a few modifications to the space where you do laundry so that your dryer vents outside. By making this adjustment you reduce the amount of work that your air conditioner has to do.
  • Air drying clothes is not always the most appealing option but air drying dress clothes will lessen the workload on your dryer and will also make your dress clothes look better.
 By Washakie Renewable Energy

Saturday, October 4, 2014

9614 N 6000 W, Highland.....SOLD!

I sold this Highland home sold & I can sell yours too! Call me at 801-376-8404.

Furnace Efficiency, Safety & Maintenence for Fall


Furnaces in homes throughout North America are cranking up for a long winter season. It is especially important to have furnaces inspected and maintained to ensure that they run efficiently and safely as we head into the colder months.

SIMPLE WAYS TO IMPROVE EFFICIENCY

By some accounts, home heating, especially gas furnaces, can represent half of a typical home’s winter utilities bill. Efficient operation can mean lower energy bills and a more comfortable home. For example, programmable thermostats can be used to automatically turn heat up or down at specified times, so that the temperature is lowered overnight or while no one is at home. The newest types of thermostats can be operated via smartphone or tablet using apps specific to these functions.
Thermostats should be calibrated occasionally to avoid “off-cycle” heat loss; a properly-calibrated thermostat will result in more even heating between the on/off cycles, which is both more efficient and comfortable.

SAFETY AND MAINTENANCE

Safety is also an important factor in furnace operation. Gas furnaces can be a source of dangerous carbon monoxide if there are leaks or cracks that go unnoticed or unrepaired. The furnace flame should be steady and burn blue; if not, this should be addressed immediately. A qualified contractor or inspector can detect these types of problems and recommend needed action.
Simple furnace maintenance includes checking and replacing disposable air filters and cleaning permanent-type filters, as well as keeping dust, hair, and lint away from the burner compartment and air intake. No matter what type it is, a well-maintained furnace will not only last longer, but can save energy, money, and help a home’s overall air quality and comfort.

CONSIDERING A NEW FURNACE?

If a new furnace is necessary, it is a good opportunity to evaluate the various types of furnaces now available and how well they might meet a home’s specific situation. Furnaces are defined as conventional efficiency, mid efficiency, and high efficiency. There are advantages and drawbacks to each type, and some are better suited to older homes, for example, and cost may be a factor in considering various types of systems. However, the ability of most new furnaces to reduce off-cycle heat loss, eliminate the need for an always-on pilot light, etc. make replacing a furnace worth considering if a current system is in bad repair functioning poorly. Your local Pillar To Post office can provide you with additional information on various types of furnaces.

 
Jared Fenn, Pillar to Post Home Inspections (801) 318-9909

Wednesday, August 20, 2014

New Listing in Payson!


$214,900. CUTE CUTE CUTE!! This home and yard are immaculate and ready to move in! Recently renovated, with beautiful wood laminate floors and extra high-quality carpet. Fully-fenced backyard, with open space behind home for added privacy. Beautiful mountain views, close to rec center, schools and parks. Call me to see today! MLS # 1251616  Kari 801-376-8404









New Listing in Eagle Mountain!

$209,900. This beautiful home in Eagle Mountain City Center features a roomy 3018 sq. ft.,  5 bedrooms and 3 full baths and a large backyard! Also has a spacious, open and bright kitchen/dining area, large bedrooms, HUGE front porch, formal living room & family room. Beautiful tile work in the basement, lots of storage space, extra large patio & firepit in the backyard. Plus a Koi pond! Call me to see today!  MLS# 1252199   Kari Dye 801-376-8404.










Make More Money Selling Your Home!!

An Easy Way to Make More Money Selling Your Home

If you’ve ever sold a home, you know it takes money to make it happen. You’ve got to fix and freshen it up to attract buyers. Then there are closing costs. And moving brings its own set of expenses.
But perhaps the biggest chunk that comes out of your pocket is the real estate agent commission, which traditionally runs around 6%. For the typical “For Sale by Owner” (FSBO) home—which sold for $184,000 last year—that’s a little more than $11,000. Ouch!
With that kind of cash, it’s no wonder that many sellers fly solo in an effort to save a few bucks. But is it worth it?

Would You Rather Save $5,500 or Make $46,000?

Your home is a big investment, and you want to make the most of it. Keeping the agent commission all to yourself seems like an easy way to do that. The problem is you’re leaving even more money on the table by opting out of a pro.
How much more?
According to the National Association of Realtors (NAR), the typical home sold by an agent last year fetched $230,000. That’s a $46,000 difference!
But wait . . . there’s more! Selling your home on your own doesn’t necessarily mean an agent-free transaction. You still owe it to the buyer’s agent to pay their commission. After all, they worked hard to get their buyer into your home. If they get 3% of the sale, you can cut your $11,000 in savings in half, leaving you $5,500.
The numbers alone paint a pretty compelling picture. But let’s explore two reasons smart sellers go pro.

There’s Power in Numbers

If you want to sell your home, you’ve got to go where the buyers are. A recent NAR report found that 88% of buyers used a real estate agent to purchase their home in 2013.
Want to know the top method FSBO sellers used to market their home? A yard sign.
Last we checked, yards signs don’t exactly have their finger on the pulse of the market. Think about how many people drive by your home on a given day. Then stack that up against an agent’s pool of buyers. There’s no comparison!
With a real estate agent, you get instant access to thousands of potential buyers through the Multiple Listing Service (MLS). A true pro has a proactive plan for exposing your home to as many buyers as possible and works with you to ensure your home gives a great first impression.

There’s No Substitute for Experience

Let’s set the sugarcoating aside and cut to the chase. Going it alone guarantees one thing: You’ll make mistakes. Some will be small—but some will come with zeroes on the end. You’ve worked too hard to let that happen!
Research shows FSBO sellers struggle most with paperwork, pricing and preparing their home for the sale. A real estate agent can help you with all of those things (and more!) and will advise you based on experience, not emotion.
Here are just a few ways a pro makes selling your home a cinch:
—Advising you on home repairs or updates
—Pricing your home based on the latest market data
—Actively marketing your home to buyers
—Scheduling showings with potential buyers
—Negotiating to get the best price on your home
—Handling all the required paperwork
Look at it this way: A top-notch agent sold more homes last week than you’ll probably sell in your lifetime. They eat, drink and sleep real estate. Doesn’t it stand to reason that they can help you achieve the most gain with the least pain?

Don’t Give Up Big Bucks Just to Save a Few

Can you save money by going FSBO? Maybe. But you lose out on so much more! Do yourself a favor and partner with a high-performance pro who knows what it takes to get top dollar for your home in the least amount of time.

Wednesday, April 9, 2014

The Three Biggest Turn-Ons For Homebuyers

http://www.quizzle.com/blog/wp-content/uploads/2011/09/first-time-home-buyers.jpg



As a seller, you have a lot more control in pleasing buyers than you think. If you start the selling process by learning what buyers really want, you can prepare your home to come as close to their dreams as possible.


Here are the five biggest turn-ons for homebuyers and what you can do to please buyers.

Curb Appeal
You only get one chance to make a first impression. Your home should sell to the buyer from the curb. That's how important curb appeal is. Your buyer should be so impressed, so charmed, so delighted that they want to leap out of the car and run inside.
How do you create curb appeal? Show attention to detail. Your home has to be prettier, cleaner and in better condition than its neighbors.
Start with sweeping the drive, walkway, and porch or entry of dirt and debris. Get rid of leggy bushes, wilted flowers and broken tree limbs. Plant fresh flowers in the front garden or in containers at the entry.
Power-wash the exterior and hand-wash the windows. Touch up paint around the windows, if needed. Paint the front door a fresh, modern color. Replace the door hardware and porch sconces.

Space
The number one reason why people buy homes is to have more room. Whether they're moving from an apartment or moving up from the home they have, they want to have plenty of space to do the things they enjoy.
If you have a large home, you're golden, but that doesn't mean you've got it made. You can ruin a buyer's first impression with too much clutter, so make sure to keep your home picked up so your buyer can see your home's features clearly and easily.
What if you don't have a lot of space? Plan to do some storing and staging. Rent a storage unit and put away all out of season clothes, toys, and home decorations and accessories. Clean off all tables and countertops so you have only the minimum of things your need to operate your home. Empty closets of anything that is "stored" and move it to the storage unit. The small expense you'll pay in storage fees you'll more than make back from your buyer's offer.

Updates
There's a reason why first-time buyers and singles tend to buy older homes - they're more affordable than buying new. So unless your buyer is a building contractor, chances are they want a home that's as updated as possible.
You may not be interested in putting in a new kitchen in order to sell your home, but you can do a few things to make buyers happy. Replace the most dated features - countertops, cabinet pulls, or appliances.
Bathrooms are so personal that they can easily turn buyers off. Invest in new towels, bathmats and a shower curtain. Throw out slimy soaps and limp ragged bath sponges. Replace with liquid shower and bath products. You can take all the new stuff with you to the next home.
Painting is expected by buyers, but don't repaint the same colors that you chose 10 years ago. Pick an updated neutral like a warm grey instead of beige. Be sure to choose a color that will complement the architecture and flooring in your home.
Keep in mind that the typical home purchased in 2013 was 1,860 square feet and built in 1996, so homebuyers aren't expecting your home to be a mansion, nor do they expect it to be new, but they do expect to see pride of ownership. The more tweaks, updates and repairs that you perform, the more confident your buyers will be that they're choosing the right home.

Written by Blanche Evans

Tuesday, April 1, 2014

ANNOUNCEMENT!

I am so excited to announce that I have accepted a position as an Agent with Arive Homes. They are a quality home builder in Utah County and I'm honored to be a part of their team. I will still be taking care of buyers and sellers also, so don't hesitate to contact me for any of your real estate needs!

http://www.arivehomes.com/model-homes#sthash.oP45w2ok.dpbs