Have a Heart Home Key Ceremony!

Northern Wasatch Association of Realtors event

Everyone is Invited!! Please join us on Wednesday, January 31st at 3:00pm for the Have a Heart Home Key Ceremony! We will be presenting a deserving family with the key to their brand New Home! Light refreshments will be served. We would like to thank Mainline Construction, Layton City, the Northern Wasatch Home Builders Association and the Community Outreach Committee for making this a possibility! For more information on Have a Heart or how to get involved, visit: www.nwaor.com When: Wednesday, January 31st Time: 3:00pm Address: 1710 Alfred Drive in Layton.

Mortgage Options in 2018

Northern Wasatch Association of Realtors Advice

Home prices are rising in Northern Utah according to Utah Realtors. In Davis County, the median sales price rose 9 percent to $272,500 during the first 10 months of 2017. The trend was similar in Weber County with an increase of 11 percent to $205,000. Prices in Morgan County, where sales volumes are lower, remained flat at $390,000. While home prices likely won’t rise as quickly next year, they will still be up about 4 percent statewide in 2018, according to CoreLogic. While the gain is good for existing owners, it presents challenges for those who want to buy. With more expensive homes, buyers need to save more cash for down payments and qualify for larger loans. Higher prices also …


Northern Wasatch Association of Realtors Advice

Real estate transactions can be unpredictable, especially if the previous property owner has passed away and the transaction involves the trust or estate of the deceased. As estate planning attorneys, we have encountered multiple deceased-owner cases where realtors have taken their eye off the ball and landed their clients and themselves in an unnecessary mess of one kind or another. However, the good is that all realtors can take some very basic precautions, utilizing tools already at their disposal, and come up smelling like roses at the closing table. Here’s how. Ask good questions, be a good listener and use the preliminary title report as the foundation for a successful transaction. On the seller side, make sure that the people …

Which real estate investment is right for you?

Northern Wasatch Association of Realtors Advice

Northern Utah’s housing market is booming. In only a year, home values in Davis, Morgan and Weber counties increased more than 12 percent. In both Davis and Weber counties, the median sales price is about $30,000 higher than last year, according to the Utah Association of Realtors’ July report. In the rental market, rates are up 6.5 percent in Salt Lake, according to a report from Cushman & Wakefield. While the record-low vacancy rates are likely to head up, experts still expect rental rates to grow about 4 percent in 2018. In light of the increases in both housing prices and rental rates, you may be thinking about buying some real estate as an investment. Even though the gains won’t …

The price is right: Tips for setting a list price

Northern Wasatch Association of Realtors Advice

When putting a home up for sale, one of the most important tasks is making sure the price is right. Set the price too low and you risk losing thousands of dollars. Price your home too high and it could languish on the market. That’s problematic since homes with the biggest discounts typically are the ones that stay on the market longest, according to Realtor.com. It’s also important to get pricing right so you don’t miss out on potential buyers who are looking in price ranges close to yours. To navigate the dangers of over- and underpricing, here are five tips to help you get it right: 1. Don’t set the price based on what you paid Over the past …