Latest Posts

Should We Add On To Our Existing Home Or Should We Sell Our House & Buy New One?

This is a question that many people are faced with: "Should we add on to our existing home or should we sell our house and buy a new home?" The question can be perplexing but, with a little analysis, one can arrive at a logical solution.

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Iron County Parks & Outdoor Facilities

The Parks and Outdoor Facilities Department is committed to healthy lifestyles and enriching the quality of life through exceptional parks and facilities.

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How to Get Rid of Your Mortgage Insurance

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.  

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Selling Your House? Avoid These Mistakes

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.

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Why Has Housing Supply Increased as Sales Have Slowed Down?

For over three years leading up to this point, the exact opposite was true; Inventory dropped as sales soared.

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274 S 100 W CEDAR CITY, UT 84720

Centrally located home down the street from SUU & historic downtown Cedar City.

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5 Tips When Buying a Newly Constructed Home

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:

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In real estate, mans best friend is often calling the shots!

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?

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Taking Fear Out of the Mortgage Process

For many, the mortgage process can be scary, but it doesn’t have to be!


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Current Market Conditions

If you've been thinking of selling your home, you'll want to keep reading.

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New Resident Information

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7 Considerations When Preparing To Sale

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Should I Buy Now? Or Wait Until Next Year?

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What If I want to buy a For Sale By Owner?

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How Much $$$ Does It Take To Buy a Home?

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Important Items to Focus On When Home Shopping

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Where Are Mortgage Interest Rates Headed In 2019?

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Is the Real Estate Market Finally Getting Back to Normal?

Is the Real Estate Market Finally Getting Back to Normal?


Is the Real Estate Market Finally Getting Back to Normal? | Keeping Current Matters



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The Cost of Selling Without a Real Estate Agent

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”

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What Can Cost You More $$$$ Than Anything Else When Buying Your Home?

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# 1 Mistake Homeowners Make When Choosing a Realtor

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.

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You Can Recycle More Than You Think

You have the basics of recycling down. You may think there is no more that you can do, but there is!

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IQ Home Builders

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The Showing Home Process

The Showing Home Process

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Buy vs. Rent

Buy vs. Rent? 

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Cash or Obtaining a Loan?

OK, so what is the next best step in the Home Buying Process? Glad you asked… ;)


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SELL YOUR HOME CHECKLIST


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How Construction Loans Work???

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.

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What Is a Home Construction Loan – Process & How to Qualify

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Commonly Asked Questions About Construction Loans

What is a construction 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.

How do construction loans work?

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.

When do you pay?

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.

Compare Construction Loan vs. Traditional Home Loan


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.

Construction Loan

  • 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

Traditional Home Loan

  • 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

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What Home Loan Will Suit You The Best...?

What Home Loan Will Suit You The Best...?

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Is Now a Good Time to Rent?

Is Now a Good Time to Rent? | Keeping Current Matters

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Which Comes First... Marriage or Mortgage?

Which Comes First... Marriage or Mortgage?

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#1 Reason to Sell Now Before Spring

The #1 Reason to Sell Now Before Spring

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Rent or Buy, Either Way You're Paying a Mortgage!

Whether You Rent or Buy, Either Way You're Paying a Mortgage!

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Mortgage Interest Rates Predictions!

Where Are Mortgage Interest Rates Headed in 2018?

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Major Myths Holding Back Home Buyers

Major Myths Holding Back Home Buyers

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Days on the Market Drops to New Low in 2017!

Days on the Market Drops to New Low in 2017

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The Impact Staging Your Home Has on Sales Price

The Impact Staging Your Home Has on Sales Price 

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Thinking of Selling? Now is the Perfect Time!

Thinking of Selling? Now is the Perfect Time!

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2 Charts That Show the Truth about Home Affordability

2 Charts That Show the Truth about Home Affordability

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The Cost of NOT Owning Your Home

            The Cost of NOT Owning Your Home

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5 Reasons to Sell This Winter!

              5 Reasons to Sell This Winter!

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7 CONSIDERATIONS WHEN PREPARING TO SELL YOUR HOME

1. Reason for Selling

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Contact
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Gerardo Lopez

(435)592-0068

team@buyhousesinutah.com

Find Your Dream Home