For Home Buyers Do you need a real estate agent when buying a new construction home? When it comes to purchasing a new construction home in Utah, some buyers may overlook the need for a real estate agent, assuming that a brand-new property has no issues and doesn’t require representation. However, relying solely on the builder’s agent can be a mistake, as their interests lie with the builder, not the buyer. […]
For Home Buyers How to find an Investment Property Investing in property has long been a popular way to build wealth and generate passive income. However, not all properties are created equal when it comes to investment potential. So, what makes a property a good investment property? First and foremost, location is key. A property in a desirable area with a strong rental market […]
For Home Buyers What you should know about VA Loans Veterans have several benefits and terms when buying a home, thanks to the Veterans Affairs (VA) home loan program. Some of the key benefits include: No down payment required: Unlike conventional loans, VA loans do not require a down payment, which can make it easier for veterans to purchase a home. No private mortgage insurance […]
For Home Buyers Downpayment vs Closing Costs When buying a home, there are several costs that need to be considered beyond the purchase price. One of the most significant costs is the down payment, which is the initial payment made by the buyer towards the purchase price. Another important cost is closing costs, which are a variety of expenses that are incurred […]
For Home Buyers Homeowners Insurance vs Home Warranty Homeowners insurance and home warranties are both important forms of protection for homeowners, but they serve different purposes. Homeowners insurance is a type of insurance that provides financial protection against loss or damage to a person’s property and personal belongings due to covered events such as fire, theft, and certain natural disasters. Homeowners insurance,  is […]
For Home Buyers Real Estate Terms You Should Know Buying or selling a home can be a complex and sometimes overwhelming experience, especially if you are not familiar with the terms and jargon commonly used in the real estate industry. To help you navigate the process, here is a list of important words and definitions every home buyer or seller should know: Appraisal: An […]
For Home Buyers What is an assumable loan? An assumable loan is a type of loan that allows the buyer of a property to take over the seller’s existing mortgage, rather than obtaining a new one. This can be beneficial for the buyer, as they may be able to get a lower interest rate or better terms than if they were to apply […]
For Home Buyers Ways to get around today’s higher mortgage rates Here are a few ways to potentially get around higher mortgage interest rates: Make a larger down payment: A larger down payment can help you qualify for a lower interest rate. Improve your credit score: A higher credit score can qualify you for a better interest rate. Shop around for rates: Compare rates from multiple […]
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For Home Buyers 5 Tips for Home Buyers Get pre-approved Getting pre-approved with a lender will give you an idea of how much you can afford. Shop around to find the best interest rate and terms for you. Comparing rates and terms from different lenders can help you find a better deal.   Work with a Realtor A Realtor can provide valuable insights […]
For Home Buyers Home Inspection vs Appraisal When buying a home, it is important to understand the difference between a home inspection and an appraisal. Both are important steps in the home buying process, but they serve different purposes and provide different information. A home inspection is a thorough examination of a home by a licensed inspector. The inspector will check for […]
For Home Buyers Why you should shop around and get multiple mortgage quotes When you’re buying a home, one of the most important decisions you’ll make is choosing a mortgage lender. While it may be tempting to go with the first lender you talk to, it’s important to shop around and get multiple mortgage quotes. But, how does this affect your credit? And when should you start looking […]
For Home Buyers How to Buy a Home: Step-by-Step Guide 1. Determine your budget Determine how much you can afford to spend on a home. This will help you narrow down your search and focus on properties within your price range. 2. Get pre-approved for a mortgage It’s a good idea to get pre-approved for a mortgage before you start looking at homes. This will […]