Home Buying Advice for the Salt Lake City Market
When you buy a home you are making one of the biggest investments that you will make in your lifetime. Not only are you selecting the residence you will live in, and the house where you are going bring up your children, you are also investing a large amount of money, in fact it is probably the biggest investment you will ever make.
Home Buyer Advice
The better prepared you are from the start, the easier the home buying process will be. The aim of this section is to provide you with comprehensive information in order to assist you in making decisions throughout your real estate buying process. Remember, if you have any concerns or questions regarding the home buying process in the Salt Lake City real estate market, I´m only a email or telephone call away!
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Finding Your Ideal Home
Benefits of Owning Your Own Home
- A Good Investment?
- Relief on your Income Tax
- Fixed Housing Costs
- Helps you Save Money
- Freedom to Make Changes
- Buying a Condo
Don't Do These Before Applying for a Loan
Major Purchases Before you Apply for a Loan
Buying a Home and the Economic Cycle
Determining What Your Offer Price Will Be
- Calculating the Offer Price
- Home Sales in the Tax Records
- The MLS and Obtaining Comparable Home Sales
- MLS and Pending Transactions
- Other Items that May Impact Your Offer Price
Major Items that may Influence your Offer Price
- The Property Condition
- Home Improvements and Additions
- Property Market Conditions
- Motivated Sellers
- Coming up with Your Offer Price
The Real Estate Purchase Business Cycle
- Writing an Offer
- Contingencies in the Offer and Why they are Needed
- Earnest Money
- The Closing Date
- Transfer of Possession
How your Realtor Provides Safeguards
- Seller Disclosures
- Property Condition Upon Transfer
- Types of Inspections You May Require
- The Final Walk-Through
Types of Financing and Your Offer
- Getting the Seller to Pay Your Closing Costs
- Seller Financing
- What to Put in the Offer if You Are Paying Cash
- Other Financing Details