| Show —'--- -------r 2 G I I DESERET NEWS The Salt Lake Tribune SAT March 7 1992 Housing market makes a turn and is on its way up this a good time to think about putting the home on the market? Is According to Dave Sampson general manager of Century 21McAffee Realtors it is — definitely "Prices for about seven years didn't go up very much at all Now here in the last 18 months they've gone up tremendously They've come back to the level they Were eight to nine years r dous increase in monthly payments Another thing that is pushing up the price of homes is inventory According to Sampson there are about 66 percent fewer homes on the market today than there were back in 1988 one point there were at any one time about 12000 homes in inventory Right now I think its running at a high of about 3000 homes" he says "At Iola e ''''' Ag ' t 1 1 - 't 1 l — J f t-A rk1 1 r - - - 1 - - r 14' - il' ! 4 I 111 r k r --- - ef'! I 4 t or more it would be wise to take a serious look at refinancing your current mortgage If you plan to stay in your home for more than two years from now most if not all costs associated with a new mortgage can be recovered depending upon your current mortgage rate and terms -- - ') :: 1''' ' 1- g 1 - g la 1 zizzr - - -- -- -- til I f aett 1Hima - I - ill : 1 - '! - - -4 471 - one report from a local bank most of the buyers are coming in from moving into Utah for one of the 13000 new jobs Also renters have seen anywhere from a 30 to 40 percent rise in rates Many of these renters are finding home ownership is not much more than what "Because of all this homes are selling much more quickly In most cases if a home is in According- to - out-of-sta- te good condition and is priced correctly it's gone within 30 to 60 days at the outside In some cases a home is gone by the next morning" Where are the buyers coming from? Ask yourself these four questions: "How do I accurately determine when it is wise to refinance my home? What is their monthly rent was and that by buying they get a major tax advantage There too is also a shortage of available rental property Some people are being put in a position where they must buy a home because they are unable to find a suitable apartment or home to rent the quickest and most of which means that any thoughts of placing a home on he market should be followed p to action As Sampson points out "Now an excellent time to sell" He also suggests that those hinking of selling look for a real-o- r to help ' i & During Riverboat(4500S800W) March Thursdayat 7:00 PM 12th on starting (1I wi I la' -- After-the-Sa- le Here's the answers to these questions the Utah Educational Institute is conducting an educational forum entitled "Common Sense Strategies for Successful HomeEquityManagement" It will be held at The job interview "Ask the questions you need to ask so you can feel good about the person you are going to be working with because a good working relationship is im- portant in selling a home" 444z 4 40 - ! ' ':- - listed with met sold ' - - ' 3 i'4'11 - 411 til t::: ' t" rE t i ft A i1 IE a ' s a I A 1 1 s 1 1 I I i 1 1 1 I i 1 1 !i I ! t i Ii I I i 1 ' x t- - - 11 - WaY ''' -- ''N - :- s- : - Ii 4 -- -- --- --- 7- - - - - I J wi 'I L tt pf:g 410L54Trowbridge l'V14-4c1- :-— ' 1- 11- I 0 N-4- -2-)i ':'' i— kr ! t - 1- 1 t ' '- ' hi i 1 Sm7!o r be A a---'Al- a few: 6148 So ' yo 1 : GO WITH PROVEll RESULTS taught nationally at a normal tt tuition of $6000 However Salt Lake Valley homeowners i are cordially invited to attend 1 this presentation at no I charge compliments of our i' sponsors Paramount Financial Services and First Financial Resources For guaranteed seating please RSVP at 1V1 266-5784 s'N - In 1991 8410 of homes Douglas R Andrew President i I Before ce - Th i lor asking price - t' va 1f r Just because the selling proess has been sped up in recent onths the job is no less comlicated that it was two to three 11 i11 economical method to pay off my home maintaining flex- ibility and maximizing tax ductions? How can I increase the liquidity of my home equity as well as the safety of the principal? How can I be in total control of my home equity and increase its rate of re- - - a )- All 1 i'e'-'- ' Sampson says One important question to ask is what marketing strategy the realtor will use to sell the home: Above all make sure the real-to- r has a good reputation and represents a company that backs them up Looking at the future Samp- son feels that there is a tremen- dous market in home sales right now and that prices are only go- ing to go up in the coming months As for what people can expect to receive for their home figures show that the actual sell- ing price of most homes was down between five and 10 percent of the asking price Today a typical home sells for within five percent of the asking price and in some areas where the inventory is low more than the - Sellers are finding that now is a good time to put their home on the market To understand ' k A 41-fr-- dr t'1 4 ) recommendations WE Find two or three realtors that t ! ar come with good recommendaPE tions Then invite each to come i or in for an interview much like a - --- -- as ag A I recent months and get in 4 ADVERTISEMENT 10 the right reaitor he suggests that home owners find someone they are comfortable working with One of the best ways to find a good realtor is to talk with friends and family members who have worked with a realtor In looking for 10-Ye- ar If you are a homeowner with an existing mortgage of hol nol action" he adds 1 Low With Mortgage Rates at a Should you Refinance Your Home Now? I an "A realt2r can help firm-u- p and offer and protect the interests of the seller during a trans- t to 1 years ago i ago before the dip in the market" he points out One reason is of course the low interest rate Buyers at today's rate have between 10 and 22 percent more buying power than they had just two years ago Sellers too are finding that because of the increase in equity in their homes today they are able to move up to a larger home and not face a tremen- F - -- - -- --5 :' - :s - i --- -- 1 l'itrptal ok940 11 1 1 mfOtEcr11011180WOMR4ftgna00' |
