Here are all the good deals for Salt Lake City, Utah. These are bank-owned properties. Click here to download this list of properties file. (Note* This is an Adobe pdf file. If you do not have Adobe Reader, get it here. ) For complete details, call Larry Maddocks at 801-759-1604

I am a licensed Realtor. I represent you, the buyer. If you want to find your dream home I will help you find it and buy it. Call me at 801-759-1604

(I do not represent the seller. If you are a Realtor, please do not call!)

Why Use A Realtor?

Real Estate transactions today typically exceed $150,000, and are the usually the largest financial investments in a person’s lifetime. Why wouldn’t you use a professional?

Real Estate Licensees that are members of the National Association of Realtors, may also call themselves REALTORS. They are bound by the Code of Ethics to treat all parties fairly and honestly, and to strive to preserve a higher degree of knowledge of the buying and selling process.

In addition, your Agent shoulders the responsibility to protect your best interests and guide you every step of the way throughout the buying process. Here are a few examples of what you can expect your Realtor to assist you with:

Conducting a “Needs Assesment”
Narrowing your search criteria
Selecting a Lender
Identifying your financial power for purchasing
Providing community information
Conducting market research
Showing you properties
Assisting in the selection process
Preparing the Contract and any additional documents
Helping negotiate any Counter offers or other terms of sale
Opening escrow and depositing Earnest Money
Coordinating Home Inspections
Evaluating Inspection data and determining issues
Obtaining Home Warranty policies
Maintaining deadlines and timelines for performance from both parties
Communicating with both parties throughout the transaction
Conducting walkthroughs
Determining if all negotiated items have been completed
Reviewing the Settlement Statement prior to closing
Confirming receipt of Title Insurance and Commitment
Coordinating the closing process Providing excellent service throughout the transaction

As you can see, this list is just the foundation for successfully purchasing a property. There are many more aspects to your transaction, and it is in your best interest to use a Realtor.

As a mortgage loan officer, I help contractors with construction loans, and help turn those loans into permanent financing. I am amazed at how many of them have no construction accounting software.

I used to be a computer programmer, and I have seen a lot of so-called construction software. Usually it is a generic program that was kluged into a construction program.

Beautiful new Traverse Mountain Cardinal model of J. Ballard homes.

For Sale by owner. This is a short sale.

Includes current wonderful renters who have signed a year's lease.

Granite counters throughout! Stainless steel appliances, gourmet kitchen, 18" x 18" tile floors, maple cabinets. Grand master with jetted tub and separate shower. Everything an entertainer could want! Close to neighborhood park. Neighborhood has beautiful views.

5 minutes to I15 freeway.

Prices in this new neighborhood are increasing because of location and the new shopping facilities near Cabella's. This property was appraised at $400,000 in March 2007.

more images: http://greatmemories.info/homes/769100/
Call 801-759-1604 for questions.

Equal Opportunity Housing.
Questions? Call my cell any time: Larry 801-759-1604

The Federal Reserve Board lowered interest rates in part to allow homeowners to refinance their homes, lower their mortgage payments and stimulate the economy. A mortgage broker is able to shop several lenders and get bids on the best interest rates. Here is a mortgage rate search form that will allow you to get the best bid on refinancing your home.

I found this helpful information at this site: http://www.ehow.com/how_2155868_inspect-kitchen-before-buying-home.html

Here's why it is sometimes better to get a adjustable-rate Mortgage (ARM):

• You are only going to stay in the home for a short term. Why pay someone a higher interest rate on a 30-year fixed rate mortgage when you will only be there for a short term?
• You know you will be refinancing in a short amount of time, such as to pull out money for equity. Be careful of this, as you credit may go south, leaving you stuck with rates that may go up.
• You are an investor, you need the cash flow, and you believe rents will increase as rates do. Usually an investor refinances every few years to pull his cash out. If you are going to do that, you don't need an expensive fixed mortgage.

Here's why it is sometimes better to get a fixed rate loan:

• Believe it or not, sometimes there is a "sale" on fixed rate loans, and the rates are actually cheaper than adjustable loans. You should shop. Have your broker compare. I would always buy from a broker. They are not stuck with one bank. They can also charge less if they want to. A lot of times I find that Washington Mumutal (WAMU) has sales on fixed rate loans. Or sometimes their 10 year fixed is cheaper than their 5-year fixed. (10 year fixed means that after ten years the rate goes adjustable.)
• If you know you will be staying in the home for longer period of time.
• Peace of mind.

If you get an ARM, spend the time to get bids. Find out what the yearly and lifetime interest caps are. Find out what the index is (i.e., LIBOR), and what your margin is.

Written by Larry Maddocks, mortgage lender for Envision Lending Group, licensed in most states, and based in Salt Lake City, Utah

Well, I tried the free house listing service on Google http://base.google.com/base/help/realestate.html and it looks pretty slick. I did a search for homes on the web search, and a home on their listing did show up, but not their handy search site that seems hard to come across: http://www.google.com/base/s2?a_n0=housing&a_y0=9&hl=en&gl=US

But realistically, it does no good for Google to show the special housing search site until the database is populated with a whole lot more listings.

I remember how I felt before I bought my first home. What if it falls apart? Where will I get the money to fix it? How much more will I have to pay than I am paying now?

Soon after I laughed at myself for being so paranoid. The house didn't fall apart. Life went on the same as it did, except that I found that my house payment stayed the same. After a year my house payment was much lower than it would have been if I had been renting. Now the house is paid off and I have zero payments. It's magic!

Here are some statistics that prove that it is better to buy than rent: