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717 East Mont Clair Dr, North Salt Lake, UtahMLS 935933 Come see one of the finest homes in a private development in the Salt Lake City area--717 E. Mont Clair Drive. This luxuriously appointed Mont Clairresidence evokes a sense of quiet mountain retreat--similar to what you wouldfind in Park City or the Cottonwood Canyons--and yet is conveniently located in North Salt Lake,less than 15 minutes from both downtown Salt Lake City and theSalt Lake International Airport. Even better, seven sk... Read Full Post

While many parts of the country struggle with the ongoing housing recession,the Utah real estatemarkethas faired fairly well. Utah home values have declined, but only moderately for the majority of homes for sale. Of course, there is a significant segment of distressed properties--homes subject to foreclosure or short sale--that are selling at a larger discount from previous prices. But the Utah real estate market as a whole seems to be improving and growing stronger daily, as evidenced by i... Read Full Post

5321 West 5200 South, Salt Lake City, UT MLS #903229 This is a great little starter home in Salt Lake City, Utah and is currently being offered as a short sale. Priced at $129,900, this home offers some nice features, including: 5 Bedrooms and 1 and 3/4 Baths New Roof New Vinyl Window New Water Heater Some New Carpet and New Paint 1,756 square feet on a .16 acre lot Utah Housing is the lender on this home and they've told me this will be the easiest short sale e... Read Full Post

Two new government rules will have an impact on how quickly you can buy or sell Utah real estate. Being aware of these rules now will help you avoid unexpected delays and frustrations with your real estate transaction. Truth In Lending Requirements For years, federal Truth In Lending requirements have protected home buyers from unscrupulous lending practices. Two new additional requirements have just been implemented that will further help you avoid undue pressure when you buy a home. ... Read Full Post

One of the key predictors of the health of the Utah economy and of the Utah real estate market is the state unemployment rate. And for several months running, Utah's unemployment rate has been among the lowest in the nation! Utah Employment Remains Strong Good news for Utah! The recently released unemployment rate for Utah was a low 5.7% in June--the fourth lowest rate in the nation. The three states with lower rates include North Dakota, South Dakota, and Nebraska. June's level puts U... Read Full Post

Now, granted, I am biased. I've been affiliated with RE/MAX for almost three years. I love their business model. I love their agent services--including Remax.com, Remax.net, and the RE/MAX Satellite Network for agent training. I love their brand, one of the most respected brands in my market--Salt Lake City, Utah. But most of all, I love the fact that when times are tough, RE/MAX just tries harder, works smarter, and continues to build the business. The perfect example of this came out ju... Read Full Post

The Obama Administration recently announced anew program to assist lenders, borrowers, and buyers with short sales. A "short sale" arises when a home's value falls below the remaining mortgage balance on the home. Lenders will often accept a "short sale", that is, less than they are owed on the property, in order to avoid a greater loss that might occur if the property went to foreclosure. This new program, the Foreclosure Alternatives Program (FAP), works together with t... Read Full Post

Will Google Really Be Prohibited From Indexing and Displaying Real Estate Listing Search Results? Yes! The Metropolitan Indianapolis Board of Realtors (MIBOR) has just enacted a policy that may have far reaching implications for buyers and sellers of real estate throughout the US. MIBOR has ruled (and NAR seems to be backing them up) that search engines such as Google should not be allowed to index listing content from Agents' websites. Doing so, they say, is the same as "scraping&qu... Read Full Post

I just closed another short sale last week and I continue to wonder why I jump through all those hoops to get a deal done--it certainly isn't because of the money. See if this sounds familiar: Working hard to market a potential short sale property, I originally priced the property at what was owed to the bank, then gradually reduced the list price to a level that supported several showings per week. Soon after, we received a decent offer that the bank quickly approved, based on a prelimin... Read Full Post

A recent article in the Wall Street Journal ("Jobless Rate Climbs in 46 States", 4/18/09), though gloomy-sounding from the title, had a few bright spots worth noting, particularly for Utahns: At 5.2%, Utah has the lowest unemployment rate of all western states, with a rate less than half those of California and Nevada, and ranks 5th in the nation in terms of states with the lowest unemployment rates. Only Wyoming (4.5%), North Dakota (4.2%), South Dakota (4.9%), and Nebraska (4.6%)... Read Full Post