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Show F8 Advertising supplement produced by the Newspaper Agency Corporation The Sait Lake Tribune, Sunday, August 30, 1998 Survey: more $ translates into more houses By GEORGE KARVEL KNIGHT-Ruposr/TRIBUNE SERVICE KNIGHT-Rupoer NewsParers The rich “are “different from you and me — they have more homes. A survey of Americans whohavea net worth of $5 million found about 65 percent own more than one house, and 25 percent Own three or more. The survey of 370 people, conducted for ResidenSea Ltd. found thatthe average valueofthe mil- lionaires’ primary homes was $2.65 tuillion, and their secondary homes averaged $1.07 million. it si S: If your house wasbuilt or remodeled between 1919 and 1879, look — or havea prodoso — before leaping into homeimproveMent. Otherwise, you may unknowingly release asbestos fibers intothe air Pulling no punches: Only your best friend will tell you everythingthat’s Wrong with your house when you want tosell it. So even thoughit will hurt, havea trusted friend walk through the Property and point out all the negatives, Worth magazine suggests. Young guns: Don’t kid yourselves —— your youngchildren know what goes on behind closed doors. The doors © roomswhere guns are kept, thatis. ‘There are 65 million handguns in the United States, and 75 percent to 80 percentof first and second graders know where their parents* guns are kept Z eee Continued from Page F-1 Unrath explained. “And because there are only 74 units at Governor's Plaza, it is very exclusive.” Unrath says that Governor's Plaza has been popular with young working professionals who desire the downtown location, and the fact no mundane chores await them each weekend Empty nesters have also foundthe Plaza to theirliking. “For couples who have large families, Governor's Plaza’s party room becomes almost an extensionof the living room,” Unrath said. “Andthe indoor swimming pool andexercise room are perfect for individuals who needthat kindof activiee The long and short ofit: Aside from the spectacular views of the downtown city skyline and the convenience that sucha location affords, the most unique Salt Lake Salt Lake Salt Lake Salt Lake 990.0400 mCaa err Features 670 8, 300 ©. 7045S, 658, 420 NG Street (565 8.) 515 B. 8220 8. 2013 B, 2100 8. 7993 §, Titian Way (9125 8.) ©3391 Summer Hill Dr, (7705 §.) S410 B, Danebong Dr.(3495 So.) 1,500 sq, 4 ba/3 ba ‘Dbd/l be Sbd/2 ba 34/3 ba 3 bd/3 be Gai be 5 balS be Stephanie Hoover George Ferguson Ken Chifford Pan! Colosimo elf Sidwell Jeff Sidwell George Ferguson 450-5162 967-7681 BLK STH 860-6283 8604263 967-7081 Sat! 123 Sat/ LS. Sat 13 Sal) 123 Saal 45 Sun) 24 Sum/ 123 f 5870's wohodoy tied (780 €) HIGH AVENUES ESTATE! Excagrtng igpecn 3009 a thos Tine (e conte sangon aeit ihcn oe iecms: Secemcni epgeayge ow ‘Sars int tones. 2264 E. Dimple Dell Rood (10600 5.) = thing about condo No. 508 at Governor's Plaza is the factthat there are three bedrooms. “You won't find very many condos downtown that canofferthree bedrooms,” Unrath said. “I've had people call me already tryingtoverify if it’s truethat there arethree bedrooms.” In addition to the bedrooms, the condo features twofull baths and twobalconies — one extended offthe dining roomfacing north; the otherlocated off the master suite facing west. “The city view fromthe mastersuite is very special,” Unrath said. “Thecity lights create a very peaceful, restful feeling whengoingto bed each night, and whenthe sunrises each moming, what an exciting feeling.” A customkitchen, completely tiled, features an eating bar for casual dining Fruitwood stained cabinets; double, selfcleaning ovens; microwave; magicchef <= Y — refrigerator; dishwasher; and disposal are also included. The formal dining roomis adjacent to the kitchen and the living roomis just offthe dining room, creating large inviting areatorelax or entertain guests. The living roomfeatures a built-in shelf wall, with track lighting to create just the right atmosphere. A laundry closetis located inthe hallway leading tothethree bedrooms. “The floor planreally has an easy flow,” Unrath said. “Thoughitis very elegant, it is still very welcoming.” The neighborhood: Located along Salt Lake City’s historic South Temple, the condooffers quick and easy access to the downtowndistrict and the University of Utah. Each unit in Governor’s Plazaalso includes two-car parking, “There is a certainprestigetoliving on South Temple,” Unrathsaid. Board of Reattors Salesman of the Year, lifetime Member SQHt Lake Board of Realtors, Superior Achievement Continued from Page F-1 easy part, however, Ijust sent them a protected to protect the Spotted Owl so that I could build anark to protect the Spotted Owl. They were skeptical of my thinking. Andthenthey insisted that I was not allowedto catch any owls, spotted or not. So no owls. “Then the carpenters formed a union “Right now I'mstill trying to resolve a complaint from the Equal Opportunity Employment commission, andthe IRS has seizedall my assets andrecords, claiming I'mtrying to avoid paying taxes by leaving the country. Lalso just got a notice from the state about owing somekind ofSpecial UseTax. “L really don’t think I canfinish your arkfor at least anotherfive years,” Noahwailed. Just then the skies beganto clear. The globeof the world. andwent out onstrike. 1 had to negoti- ateasettlement with the National Labor Relations Board before anyone would pick up a saw or hammer. Now wehave 16 carpenters going on the boat, but still no owls. “ThenI started gatheringupanimals, andgot sued by ananimalrights group. sx MIKE LINDSAY ss= tomes Toculomay. Anon 3 gone Nery 5090 ee ata Paperwork Address) Coord. we $8. sehte Sey £ Midvale Salt Lake ES Market Sn $198,900 $54,900 $148,500 SL73.900 $179,900 $228,900 $385,000 a The view ofthe city skyline from the master suite and balcony makes for a memorabie way to start and finish each day. It objected to me taking only twoof each kind. Just when | gotthe suit dismissed, the EPAnotified me that 1 couldn't completethe ark withoutfiling an environmental impact statement on your proposedflood. They didn't take kindly tothe idea that they had no jurisdiction over the conduct of the Supreme Being. Then the Army Corps of Engineers wanted a mapof the proposed new floodplain. That was the sun began to shine. rainbow arched across the sky. Noah looked up and smiled. “You mean you're not going to destroy the earth?” he asked. “No,” said the Lord. “The governmentalready has.” Maybethis is where the expression ‘into each life some rain mustfall” came from. The story sometimes doesn't seemthat far-fetched. Spencer Greeris the executiveofficer of the Home Builders Association of Greater Salt Lake. PUS. MORTGAGE Home Loans Soon "taauy Oanave Circle (045 £) 7382 a tee cielen LanSn ae $500 ORIGINATION FEE ——_screverloce. Tameoenentazaobo on all types of Mortgage Loans EXCELLENT RATES NO HIDDEN Ost NO DISCOUNT 356§Melbourne St (1048 £) 580-5567 STE Debtordwrdow sping eno.coon Art netonon 568-5229 peelgeet ba oh Sede a fax. Hg coin, nees Engen ate say Icity.com/mind ith cpammeteck tose toc Giekconpaar aoncrCaricag ha Feter 5, Bguns New Toke thea Sot aro td «bra Wako Wardle: coir ee weas 2) Angee Wheaties, (TOU N 200 Siw Act Now While Rates Are Low! 30-yr. Fixed 15-yr. Fixed 648%) 642% 1-yr. ARM Sh% For loan amounts over $100. 468-0798 PINE.RL RIDGE Locally ownedand operated « 277-4424 oHaNmoreinformation geta icc) in oot oe a ae 3a ested UNDER $200,000 swoannouse cune Seemann ny Seca eroaeie ict Naw Gok4107teen WSoplancer 008 adie Wasswonder! steel ssoates 7388 COPE Ber wok sctocied Sot mat Fes veer Warer aera 2M Dare UT UND 4742 SOUTH700 ncn fast #128 1Imre VaRHONomityh Suk 1 hoopedCoro Lowy 3 aoan80 | TAT UNDER $450,000 eeovcen 210, tAenced rence buds heb,134Cam pletely 0 oayo Groat ocation wea sorovacotoon.BerSg |e Betnehe atc OVER sone piecoma Moen on $450,000 roa PRA GOUF COURSE 2 ok NEXT 2HUHURY 44DTOUALTEROustcue 313th 4g twat soe 9. ‘ fetus nad OFVIN CASS tecawioa W, 'Geage. perderOMIT set Caso 8404 ah wm UNDA Tata Semanenew Cas, ate sorsus-aven juecr WARNE ‘room reser 562-1100 beencodbgqualeny as es 1s dre Redwood tac. go> Mica ae moped Lt Ge |Same nessoo ae Emre Oat raw Yana vanceor Hi ¢ Debt Consolidation seman (TUN eos fromsatrae wae7ais BYTRA ves MEATaso OLDER BUNGALOWed. acai Pott ey pe State ¢ Conv/VA/Purchase/Ref. SCAT a ey (igen ted hu, ro! Osco of Woatcn bash’ Naover oars ouesaea PRICE SLASHED ‘ounext Bar$15,000 WO ow Tan 40,evo UA ciot hnvy Seta (a faa 90.4, ca aa ecOMY CAMBERbw yew,ee "aoa seven oataa porte ome. sidan Taumaw oet toySe i oa ore eeee ee eree eerec) 6925S. . Union Park Ctr. Ste. #600 Midvale, UT 84047 **APR Based on Loan Amt. $175,000 GUARANTEED PROVEN RESULTS — SAVE MO — NEW. FINANCIAL FREEDOM FREE TAX RETURN! by H8R Block of Utah when you do a mortgage with us in October or November! And we can help you, especially if you think you have: Bad Credit! Imperfect Credit! Challenged Credit! Less than Perfect Credit! Block Mortgage helped me combine my high interest rate second mortgage and all my other debtinto one low monthly payment even though my credit was not the best.” Numerousattempts togetthe builder’s resolution have failed, and localrealtors telll us the builder has no further obligation to address our problem,outside of the sump pump hehasinstalled. Is this accurate information? Also, is there any knownways tostop, or divert underground springs? A.Real estate licensees are not qualified to give legal advice and tell you whethera builder has any obligation to address your problem.Ifthe builder had prior knowledge ofthe underground spring and failed todisclose the problem, they may be liable for misrepresentation. | oi‘ontact an attomey immediately. ey can advise you regarding any pie recourse. Since you have lived with the problemfor eight years, any warranty has probably expired. Youhave every reason to be concemed aboutresale. Potential buyers will need to befully informed regard: ing your water problems. By the way, a waterflow of “30gallons every three minutes” soundslike an overstatement. | For informationregarding diversion ofa spring, see a hydrologist.It is possible to divert a spring by piping and pumpingthe water elsewhere. The cost may be prohibitive but the idea is worth investigating, particularly if neighbors wouldshare the expense. @. Oneof ourclient’s daughter bought a small home through HUD on a 30-yearloan. Our agency issued a homeowner’s policy for an annual premiumof $277.88. Her question is why doesshe have to pay hazard insurance for almosta like amountof $278.00. A.For purposesofareal estate closing, hazard insurance is synonymous with homeowner’s insurance. The process works as follows: Atclosing oftitle, the buyer presents acertificate of insurance from their insurance company. Thecertificate is validation that they have obtained andpaid for a homeowner's policy for one year. The terms of the buyer’s mortgage require that each monththey pay the mortgage payment, which includes principal and interest. The buyeris also required to payone-twelfthof the estimated annualproperty taxes and one-twelfth the annual homeowner’s (hazard) The lenderholds the property tax andinsurance payments in escrow for payment ofthe property taxes and homeowner's insurance whendue. In the case of homeowner's (hazard) insurance, a buyerstarts withapolicy paidfor one year in advance. By making small monthly payments therewill be sufficient funds to pay the premium for another year when the currentpolicy expires “UTAH’S QUALITY LENDER’ Zeely Peteeerty HERG aa erMorar m a Gere Giirt Sic “1 didn't think | could buy a home with less than perfect credit. Block Mortgage proved me wrong. INTEREST RATES FOR THOSE WHO| THINK THEY HAVE BAD CREDIT! ¥ your Chaotar 7aeacanes You can refinance your Self-Employed borrowers more than 24 m home, even with late with 24 months bank ison you ha mortgage payments within statements: accounts and mortgage rates: the last 12 months: 90% cash out for your 75% cash out as low as: 75% cash out as low as: business, as low as: 8.875% 10.50% 9.99% APR-8.995% APR-10.65% APR-10.12% aaUaTay CALL 278-9100 www.blockmortgage.com A WHOLE NEW — FEEL SAFE AGAIN — CREATE YORLD K 5 peK 2 tes. insurance premium monthly. ela ices W004tn sen SE EPSRCMlroes |r UDA ¢ Lowest Rates in the been 801-270-7000 SE eee Se lee baleBoece[renal Trecrn Y — LOVE THE RESULTS — DISCOVER LOW COSTS — EASY va aks Ee EgeCeolAg 801-288-9800 Q. L live in single home with a full basement in a development that was formerly farmland. The development, now complete, contains 130 homes. Ours, and several others, shares the misfortune of suffering from an undergroundspring that runs under our homesinto our sump pumps. Our sump pumpdischarges about30gallons of water about every three minutes (on average) 24 hours a day, and has done soforthe eight years we have livedhere The builder shielded us from the knowledge that we inherited a spring, and we only found out fromliving here and sharing horrorstories with neighbors. In addition tothe ever-so-present fear of our basementflooding (which occurs during powerfailures), we are very concerned about resale possibiti- 15 YR. FIXED Be eet hg HOME LOANS. | | | | | | |