Buyer Non-Traditional Financing: Debt Service Coverage Ratio Loan Are you a real estate investor looking to add properties or a person wanting to become a real estate investor?  Do you have at least 20% for a down payment?  The Debt Service Coverage Ratio (DSCR) loan may be the perfect option in either case to help you acquire your next property. This is a […]
Home Improvement Monthly Newsletter – June 2022 Housing Market Still Favors Sellers–but is that Set to Change? Ever since interest rates decreased at the beginning of the pandemic, the real estate market throughout most of the country has heavily favored sellers. When interest rates decrease, more buyers enter the market to secure mortgage loans with low interest rates. High buyer demand means […]
Buyer Non-Traditional Financing: No Ratio Loan Do you have cash, but maybe not a recurring paycheck?  In the second follow-up to, Non-Traditional, Very Useful, Financing Options!, I will explore the mortgage that might be a perfect fit for you.  Here are a few example situations where the No Ratio Loan could help you purchase a house: Were you a stay-at-home partner […]
Buyer Non-Traditional Financing: Cross-Collateral Loans In the first follow-up to, Non-Traditional, Very Useful, Financing Options!, I will ask you this question; “Ever been in a situation where you?” Fell in love with a property, but were nowhere near ready to sell your home where all your equity is? Wanted to keep your existing home as a rental after you moved? […]
Buyer Monthly Newsletter – May 2022 How to Avoid Homebuyer’s Remorse in a Hot Market Buying a home is almost always a great investment, and of course it’s exciting to find and close on a home that you will get to call your own. That feeling of joy and confidence can fade quickly though if certain things are overlooked during the […]
Buyer Non-Traditional, Very Useful, Financing Options! I spend a lot of time talking about mortgage lending with Mark Moyes, one of my preferred lenders.  Whether it is making sure current clients are moving through the underwriting process smoothly, or while trying to understand what lending options are open to other clients concerned about their situation.  Most recently though, we were talking […]
Buyer How Much Does a Real Estate Agent Make? My wife and I were joking around the other day, and she said, “Since you have so much time, why don’t you write an article about how much money real estate agents make?”  Well, here I am, lots of time, hopefully shedding some light on why real estate agents request a 3% commission, and why […]
Buyer Let Someone Else’s Money Work For You! It is not a secret, but what is the easiest way to accumulate wealth?  By investing in real estate.  We all need somewhere to live and for most people this means having some version of a home payment, rent or mortgage.  In this article, I am not going to discuss the reasons to buy a […]
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Market Trends A Relatively Quick Change in Home Prices Anyone in the market to buy a home knows how competitive and stressful it has been lately.  Whether competing in multiple offer scenarios, watching the interest rate increase 2.5% points since the beginning of the year, or getting priced out of a neighborhood you could have afforded last year or even month, it has become […]
Buyer Monthly Newsletter – April 2022 How Does Inflation Affect Home Prices? If you’ve followed the news lately, you’ve probably seen quite a bit about inflation. The consumer price index jumped 0.8% in February, bringing the total increase over the last 12 months to 7.9% – this is the largest annual jump in the last 40 years. So, how does all […]
Buyer Is Cash King for Making the Winning Offer? Do you need to make a cash offer to win?  This is a follow-up to an article I wrote back at the beginning of the COVID lockdown, “Lost to An All Cash Offer?”.   It is still an exciting topic and one that has surprised me as I have looked further into the details of how […]
Home Improvement Monthly Newsletter – January 2022 Do Solar Panels Increase Home Value? Energy efficiency is a growing concern among homeowners, and solar panels are a well-known resource in improving efficiency and helping the environment. The amount of money a homeowner can save by using solar power is attractive enough, but how do solar panels affect property value?   Solar Adoption is […]
Buyer How much do you know about the Buying Process? First-time, Second-time, Multi-time Buyer Besides buying a home what is common between all these individuals?  In my opinion, it is likely they all may not fully know or remember what happens during the buying process.  Sure, most know you get an agent and a lender, look for a home, find your dream home, negotiate an […]
Home Improvement Monthly Newsletter – January 2021 Home Improvement Decisions You’ll Never Regret When it comes to home remodeling, there are very few design decisions you can make that are sure to stand the test of time. While it can be tempting to opt for trendy renovations (open shelving anyone?), there’s no guarantee that the next buyer – or your future self […]
Market Trends Salt Lake County 2020 Year End Review Salt Lake County Housing Trends – 2020 Year End Review 2020, What a year!  There are so many things to discuss, but probably the most exciting part is it is finally over.  However, just because the year is over, it does not mean things for buyers are going to improve. Some metrics I think are […]
Home Improvement Updating My Greenhouse (Part 1) Ten months!  Yep, that is what I said.  But you likely do not understand what this means or how hard it was for me to wait that long to fix my toothless greenhouse.  Not that I have shared this before, but I love projects!  My wife claims it is the reason we ended up in […]
Newsletters Community Service (My fire-hydrant project) It is really, really hot out there.  High 90s for the last few weeks, but seriously, when is it a better time to think about next winter?  Well, I am not really thinking about winter so much, but where the snow on our street gets piled up, which could be an issue for my home […]
Buyer Lost to An All Cash Offer? Wow, the real estate market in Salt Lake County is hot right now.  It may not be as crazy as the Bay Area, but it sure does feel like it.  As of today, March 11th 2020, there are only 1,215 active residential properties listed in the county.  That’s 44% lower than last year, and is […]
Home Improvement Planning the First Renovation on My New Home What was the last thing you procrastinated on?  Or even delayed because there were more interesting or easier things to do?  Well I have found the first major procrastination for my new 70s home.  Our downstairs bathroom.  It makes me cringe every time I think about it and almost every time I step into it. […]
Buyer What I’m Looking for When I Buy a Home One of the things a good real estate professional will do when they sit down with a new client is have a “Probing” session.  During this conversation what we’re looking to uncover are “Benefits” of the “Features” that you’re looking for, to help you “Crystallize” on what’s important to you. So, let’s explain with an […]