New home located on a low-traffic street in Ashdown Forest with beautiful stained concrete floors throughout entry, formal room/office and the large open living room/kitchen area. Wood burning stove in living room/kitchen as an extra heat source. Level entry with no stairs. Room for RV parking along side of house.Read More
Gorgeous 4 bed 2 bath home with open floor plan on .30 Acres!Read More
Two different apartment locations for sale near SUU for $4,100,000Read More
VIEWS from the top of the mountain across to the ski resort you can see for miles for only $254,900!Read More
Two different apartment locations for sale near SUU for $4,100,000Read More
Companies like Apple and Walmart purchase outstanding shares of their own stock in a practice known as buybacks. Over the last year there's been an increase in politicians questioning buybacks and whom they actually benefit. In December 2017 President Donald Trump signed the GOP tax cut, which took effect the next month and lowered corporate tax rates from 35 percent to 21 percent.Read More
Duplex is in a great location with beautiful views of the mountains nearby and close to schools, shopping, etc! Two story duplex with living, dining, kitchen, 1/2 bathroom all on main level and upstairs includes 3 bedrooms, 1 full bathroom with doorway into hall and into master bedroom as well. Laundry area upstairs also. block wall surrounding backyard area's.Read More
The housing crisis of the last decade was partially caused by unhealthy levels of mortgage debt. Homeowners were using their homes as ATMs by refinancing and swapping their equity for cash.Read More
A year ago, several experts predicted the new tax law would cause a slowdown in the housing market. So far, the limitations on mortgage-interest and property-tax deductions haven’t had a negative impact. Instead, rising mortgage rates and home prices are doing more to put a damper on the market.
Rare fourplex in the middle of Cedar City. Close to schools, shops, and food.Read More
CEDAR CITY — The city-owned water tank atop Leigh Hill needs a new coat of paint, almost everyone in attendance at Wednesday night’s Cedar City Council meeting seems to agree. But whether the tank will continue to display the name “Redmen” and a silhouette of a Native American chieftain wearing a headdress remains to be seen.Read More
The following checklist should help guide you on the steps to Selling your property. Understanding these steps will not only make the Selling process smoother for you, it will help eliminate unnecessary stress from being uninformed.Read More
The following Checklist should help guide you on the steps to Buying your property. Understanding these steps will not only make the Buying process smoother for you, it will help eliminate unnecessary stress from being uninformed.Read More
A rolling 12-month calculation represents the current month and the 11 months prior in a single data point. If no activity occurred during a month, the line extends to the next available data point.Read More
Super clean home on quiet street in need of a new owner. Home offers a great opportunity for new owner to stamp their own design and style throughout. Partially finished basement with entrance has great potential for so many uses.Read More
Growing your own fruits and vegetables in a backyard garden is a fulfilling way to spend free time and eat healthier. Choosing easy items like lettuce, tomatoes, cucumbers, squash, and melons can help ensure your time toiling outdoors is worth the effort. Here are tips to successfully grow each type of produce.
If you want almost instant gardening gratification, try planting some lettuce. Lettuce is an easy, fast-growing plant that comes in several varieties. Try planting some romaine, iceberg, and arugula for a good variety of lettuce types for your salads, burgers, and other summer recipes. Also, consider planting your lettuce in intervals so you’ll have fresh lettuce ready to harvest all season long.
A vine-ripe tomato from your backyard is almost unrecognizable as the same fruit you get from a grocery store. Purchasing tomato starters is a good way to make sure you’re ready to harvest before the end of growing season. Plant your tomatoes in a spot that isn’t too windy and purchase tomato cages to help the plants grow strong.
Cucumbers are great because they produce a lot without requiring much tending. Make a mound to plant your cucumber seeds in to encourage sprouting and use several seeds for each group. Just remember that cucumbers need a good amount of space to grow and spread, so plant according to the directions on your seed package.
Another easy-to-grow garden staple is squash. Like cucumbers, squash need room to grow. Be sure to leave enough room between your squash plants and other vegetables. Once you harvest, squash is great on the grill, in casseroles, and in salads.
Melons take a while to grow and ripen, but they’re worth the wait. Plant a few different varieties to see what grows best in your yard. Just remember that melons need plenty of sunshine and should be ready to harvest in late summer.
If your family needs more room to grow, whether it be vegetables or more kids, give me a call! I can help you find a home to suit your growing needs!Read More
Six two bed 1.5 bath units, 100% occupancy, washer and dryer in each unit, each unit has a fenced backyard and balcony.Read More
What is a 1031 Exchange? Unless you have been in Real Estate for a while, you may not be familiar with the concept of a 1031 Exchange.
A 1031 Exchange is a critical technique that every serious Real Estate Investor and Realtor must know! Imagine.. what would you or your clients life could escape taxes on your residential income property?Read More
Tune In To View Live Stream of Cedar City Council MeetingsRead More
Gorgeous Redwood home in Fiddler's Canyon! This home features 5 bedrooms & 3 bathrooms with a wood burning stove & a deck. Basement walks out to a fully landscaped & fenced in yard. Includes a 2 car garage, 2 car covered carport & enclosed storage shed!Read More
Great property to have your horses. Fully fenced, work shop, shed, barn that needs a little TLC,Read More
Prime Location in Downtown Cedar City only a few blocks from SUU on .38 acre lot.Read More
Mike's Sprinkler & Patio Paving DesignRead More
Gorgeous Redwood home in Fiddler's Canyon!Read More
One acre in the Cedar City limits with animal rights! This recently remodeled, 3 bed 2 bath home has been very nicely updated with new countertops, new bathrooms, fresh paint, flooring Read MoreRead More
Incredible energy efficient ICF construction home on 5 acres with 360-degree valley & mountain views in beautiful setting with endless outdoor adventures at your doorstep!Read More
Market Summary for January 2019Read More
Home prices were consistently up again in most markets in 2018 but at reduced levels
compared to recent years. High demand for few homes for sale fueled price increases,
but evidence is mounting that inventory will finally improve in 2019. This may apply
some downward pressure on prices for beleaguered home buyers. A fourth interest
rate hike by the Federal Reserve in 2018 spooked the stock market to close out the
year. The Fed has indicated that the number of rate increases in 2019 will be halved,
which may be of little comfort to an already compressed consumer.Read More
BY JEAN FOLGERRead More
Offering short-term rentals through Airbnb is growing in popularity among homeowners and investors. And it’s no wonder—with Airbnb attracting guests from all over the world, hosts in major cities profit by an average of $20,619 annually, according to iPropertyManagement, a research and information site. In the U.S. alone, booking have increased 45 percent in the past year.Read More
Home is to be SOLD AS IS. Property has a good well and 1.75 Acre feet of water rights (73-2201 and 73-2194) verified. Home is in need of repair. Great fixer upper project, sold as is. CASH ONLY! Home is in foreclosure and offer must be accompanied with verified funds document. 2.4 Acres. Please make offer!!! Price is pending 3rd party approval. Home is Gutted.Read More
Coming Soon To An MLS Near You! - Centrally Located Twin Home!Read More
8 Tips To Whip Your Home Into Shape & Wow Buyers:
Selling your home probably one of the biggest financial transactions you will undertake in your lifetime, and the decisions you make when deciding on a price with a buyer can have a significant impact on how much money you walk away with. These negotiating strategies will put you in the driver's seat and help you get top dollar in any market.Read More
The simple truth is that homes with great curb appeal and homes that are super clean, well maintained, and have pleasing decor sell faster and for more money than homes that don't measure up.Read More
There is a principle in real estate appraisal called conformity that says that all homes in a given area should be of similar size and value. If you add on to your home and, in effect, over-build the neighborhood, the value of the smaller homes will bring your value down regardless of how much you have invested in the property.Read More
If you’ve bought a home and put less than a 20% down payment down, you’re familiar with mortgage insurance. It’s that added amount on your statement every month you wish you could get rid of. The good news is you might be able to.Read More
Once you decide to sell your home, it can be helpful to start thinking of yourself as a businessperson and a home seller, rather than as the home's owner. By looking at the transaction from a purely financial perspective, you'll distance yourself from the emotional aspects of selling the property that you've undoubtedly created many memories in.Read More
For over three years leading up to this point, the exact opposite was true; Inventory dropped as sales soared.Read More
Centrally located home down the street from SUU & historic downtown Cedar City.Read More
The lack of existing inventory for sale has forced many homebuyers to begin looking at new construction. When you buy a newly constructed home instead of an existing home, there are many extra steps that must take place.
To ensure a hassle-free process, here are 5 Tips to keep in mind if you are considering new construction:Read More
What does owning a pet say about you? Living with a furry (or scaly) friend could mean that you're a college student craving companionship, that your young children are in need of a four–legged playmate, or that you're an empty-nester with an affinity for fish. But what if owning a pet could predict if you're more likely to rent or own a home?Read More
If you've been thinking of selling your home, you'll want to keep reading.
That's because this message will show you how to get a significant advantage over a lot of other home sellers.
I'll explain how in just a second. But first, let me give you a bit of background on the current conditions:
1. Mortgage rates have hit a 7-year high.
Several weeks ago, the 30-year fixed mortgage rate broke through the 4.6%-mark, the highest level since May 2011.
This is part of an ongoing upward trend in mortgage rates, which started over a year ago.
The thing is, in spite of the rate increase, mortgage applications spiked in September. This is a signal that buyers expect rates to go up even more in the near future—something that's very well possible given current conditions.
2. Affordability is dropping, & demand might soon follow.
For the past several years, home prices have increased at twice the speed of inflation.
For a while, this didn't have too much of an effect on the market, because there was so much pent-up demand.
However, the continued price growth & the mortgage rate hikes might finally be getting to buyers.
Affordability is suffering—an estimate from early summer put current home affordability levels at a 10-year low.
This seems to be causing demand to soften as well. For example, the number of people requesting home tours has fallen by 6.1%, according to one measure this summer.
3. More home sellers are reducing prices.
Not surprisingly, the combination of sustained high prices, increasing mortgage rates, & a drop in demand is finally starting to have an impact on the real estate market.
While there are still no major signs of a real estate slowdown yet, there are some worrying indicators.
Crucially, more sellers are now reducing prices. More than a quarter of homes listed as of September 16 had a price drop.
What does this all mean for you?
In short, if you've been thinking of selling your home, then the time to act is now.
In spite of the easing of demand, there are still many hungry buyers on the market & prices remain near all-time highs.
This means you can sell your home quickly & for top dollar.
However, all of the reasons I listed earlier mean this situation might not hold very long.
Demand might slack off even more, & then many more homeowners might decide to enter the market, driving down prices & really ushering in a buyer's market.
That's why it can make a lot of sense to move early—before this kind of awareness reaches the majority of homeowners.
If you are considering selling, you can get started now by getting an idea of what your home is worth in the current market.Read More
You’ve heard of buyer’s remorse; but without your market expertise and sales skills to back them up, sellers who choose to sell their home on their own just may experience “seller’s regret”Read More
Today I wanted to share the #1 Mistake Homeowners make when choosing a Realtor… which is choosing the Realtor solely based on the Realtors recommend list price.
You have the basics of recycling down. You may think there is no more that you can do, but there is!Read More
Once you have qualified for and been approved for a construction loan, the lender begins paying out the money they agreed to loan to you. However, they are not just going to give the builder the cash all at once. Instead, a schedule of draws is set up.
Construction loans enable a new home to be built through the duration of construction. They are reflective of the time needed to build your home, and typically range from six months to a year. Once you have secured a construction loan, your lender will pay your builder after each interval of work is completed. Once construction ends, your loan repayment begins. Many homebuyers choose the convenience of having their construction loan combined with their standard mortgage plan, in something called a construction-to-permanent loan. This eliminates the need to refinance after construction and undergo two separate closings. Your builder will outline how much money is required to build your home, segmenting expected costs into intervals of work. Your lender will compensate your builder after each interval, usually per month, once they have independently verified that the designated work has been completed. With most construction loans, you only pay interest on the amount of money that is drawn out each month. You will begin to repay your lender for the bulk costs after your home is completed. If the project is builder-financed, the construction loan is the builder’s responsibility and the buyer will not need to pay anything at all until the end of construction. Construction loans work differently than traditional home loans. If you need help buying a home that is already built, whether new or old construction, a traditional home loan is right for you. If you want to build a home from scratch on your own lot of land, or buy a prospective home within a builder’s development, a construction loan is the way to go. 20%–30% down payment required High interest rates Incremental loan disbursements More complicated to qualify for, and few options available Bank issued Must have specific building plans, construction contract, and cost estimate to apply 3.5%–20% down payment required depending on mortgage type Low interest rates Loan disbursement in one lump sum Easier to qualify for, and more options available Mortgage-company issued Must only have essential personal finance information to apply
What is a construction loan?
How do construction loans work?
When do you pay?
Compare Construction Loan vs. Traditional Home Loan
Traditional Home Loan
Construction loans enable a new home to be built through the duration of construction. They are reflective of the time needed to build your home, and typically range from six months to a year. Once you have secured a construction loan, your lender will pay your builder after each interval of work is completed. Once construction ends, your loan repayment begins.
Many homebuyers choose the convenience of having their construction loan combined with their standard mortgage plan, in something called a construction-to-permanent loan. This eliminates the need to refinance after construction and undergo two separate closings.
Your builder will outline how much money is required to build your home, segmenting expected costs into intervals of work. Your lender will compensate your builder after each interval, usually per month, once they have independently verified that the designated work has been completed.
With most construction loans, you only pay interest on the amount of money that is drawn out each month. You will begin to repay your lender for the bulk costs after your home is completed. If the project is builder-financed, the construction loan is the builder’s responsibility and the buyer will not need to pay anything at all until the end of construction.
Construction loans work differently than traditional home loans. If you need help buying a home that is already built, whether new or old construction, a traditional home loan is right for you. If you want to build a home from scratch on your own lot of land, or buy a prospective home within a builder’s development, a construction loan is the way to go.
20%–30% down payment required
High interest rates
Incremental loan disbursements
More complicated to qualify for, and few options available
Must have specific building plans, construction contract, and cost estimate to apply
3.5%–20% down payment required depending on mortgage type
Low interest rates
Loan disbursement in one lump sum
Easier to qualify for, and more options available
Must only have essential personal finance information to apply
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