March 7, 2009

Mandates on Mortgages

There is a lot of talk about forcing mortgage companies to give homeowners a break with one proposed solution or other. I know the intentions are well-meaning and we all sympathize with the problem so many are facing right now with ARMs, foreclosures, etc.

While I am hopeful, or wishful that we can find a suitable solution to get our economy, including the housing market,  on a healthier road, I think some of the suggestions are pretty short sighted.  

If at any point, we decide to tell the lenders that they will be forced to stop charging interest, or they must not be allowed to expect to get their investment back, even if for a set amount of time, I am afraid the housing market will be thrown into an unrecoverable spin.  

The housing market depends on people who have money and are willing to invest that money by making it available to home buyers. I’ve heard a lot of disparaging talk about the “greedy” mortgage lenders, but the truth is, only a very small percentage of the population would own their own homes if it weren’t for these investors.

Their sole goal for making their money available is to make a profit. You can detest them all you want for their “greed” just because they want to invest their money wisely and watch it grow. Not everyone is content to watch their income stay exactly the same their entire lives, or spend every penny they earn on frivolity, or run every credit card to the max.

If the government suddenly says, “Sorry, even though you thought you were going to get your investment back with interest, Too Bad!”  Who will ever want to invest their money in mortgages again? I fear it could kill the whole housing industry.

Homeownership would become a thing of the past.

Maybe the government will start providing our housing for us?

Chicago Housing Authority”s Ida B. Wells Housing Project at Pershing and King Drive, Chicago.

Filed under: Buying, Community, Credit & Finances, Real Estate, Renting, Selling — Susan @ 1:27 pm




February 26, 2009

How Does You House Compare

 

Here is another report from the MLS. These are homes that have sold so far in 2009, that last 55 days. There are 44 homes or condos that have sold.  Notice the List price compared to the Sold price. List price is upper left hand corner and sold price is right hand side about an inch down on each listing.

 Have you heard that homes are selling for pennies on the dollar? Not in Orem.  Of 44 homes, only 8 sold for more than $10,000 less than the list price but there are at least as many that sold for List price or above.  The hardest hit homes for discounts are the more expensive ones.  Let me know if you want to see another city’s report. I can find this info in the state of Utah.

 

Listings: 44 Residential Client Report Date: 02/24/2009 04:53 PM
State:Ut  Status:SLD  Prop Type:Single Family, Condo  Num Days Back:55  City:Orem 

 

List Price: $102,000 MLS# 841670  Stat: Sold Ref # 1  
Address: 426 N 1080 W  Type: Condo Style: Rambler/Ranch
City: Orem,   UT 84057  Project: GRANITE VILLAGE
Prop. Tour:  Tour NS/EW: 426 N / 1080 W  Sold Dt: 02/01/2009 Sold Price: $100,800
 Tot Sq Ft: 818
 Tot Beds: 2
 Tot Baths: 1.00
 Family Rms: 0
 Fireplace: 0
 Gar|Port: 0 | 1
Yr Built: 1997
Taxes: $492
Acres: 0.02
HOA Fee: $85
Under Cnst: No
Fin Bsmnt: 0%
 Exterior: Brick, Stucco
 Lot Facts: Sidewalks, Sprinkler, Auto-Full
 Features & Info: Double Pane, Outdoor Lighting / Dishwasher, Disposal, Range Oven Free Std.
 Inclusions: Dryer, Microwave, Range, Refrigerator, Washer, Window Covers
Remarks: SELLER IS OFFERING A $2500 BUYER CLOSING COST CREDIT (expires 11/21/08). Darling condo in good condition. Great investment property. Sold As-Is, Section 10.2 of REPC does not apply. Buyer to verify information.

Information deemed reliable but not guaranteed. Buyer to verify all information.
List Price: $129,900 MLS# 828401  Stat: Sold Ref # 2  
Address: 1317 S 1180 W  Type: Condo Style: Rambler/Ranch
City: Orem,   UT 84058  Project: COUNTRY WOODS
Prop. Tour:  Tour NS/EW: 1317 S / 1180 W  Sold Dt: 01/25/2009 Sold Price: $127,800
 Tot Sq Ft: 1010
 Tot Beds: 2
 Tot Baths: 2.00
 Family Rms: 1
 Fireplace: 0
 Gar|Port: 0 | 1
Yr Built: 1996
Taxes: $662
Acres: 0.01
HOA Fee: $85
Under Cnst: No
Fin Bsmnt: 0%
 Exterior: Aluminum/Vinyl, Stone, Stucco
 Lot Facts: Curb & Gutter, Paved Road, Sidewalks, Sprinkler, Auto-Full, Terrain,Flat, View, Mtn
 Features & Info: Balcony, Bay/Box Windows, Outdoor Lighting, Patio, Sliding Glass / Closet-Walk-In, Dishwasher, Disposal, Master Bath, Range Oven Free Std.
 Inclusions: Microwave, Range, Refrigerator
Remarks: Great Location – Close to I-15 with UVSC just down the street. BYU approx. 5 miles. Beautiful well-maintained unit, close to gym and play area. New Slate Floors. Great Investment. New carpet. Fresh paint. Priced to sell now. Sale Failed.

Information deemed reliable but not guaranteed. Buyer to verify all information.

 

List Price: $129,900 MLS# 843531  Stat: Sold Ref # 3  
Address: 716 E 1500 S  Type: Condo Style: Rambler/Ranch
City: Orem,   UT 84097  Project:
Prop. Tour:  Tour NS/EW: 1500 S / 716 E  Sold Dt: 01/09/2009 Sold Price: $129,900
 Tot Sq Ft: 1100
 Tot Beds: 2
 Tot Baths: 1.00
 Family Rms: 1
 Fireplace: 0
 Gar|Port: 0 | 0
Yr Built: 1997
Taxes: $679
Acres: 0.02
HOA Fee: $72
Under Cnst: No
Fin Bsmnt: 0%
 Exterior: Aluminum/Vinyl, Brick
 Lot Facts: Sprinkler, Auto-Full
 Features & Info: Out Bldgs, Outdoor Lighting, Porch Open / Dishwasher, Disposal, Hardwood Floors, Kitchen-Updated, Range Oven Built In
 Inclusions: Microwave, Range, Refrigerator
Remarks: Great condo in great condition Subject to sellers qualifying for their new home. Close to everything. A must see. Buyers to verify all listing info. Top floor unit. Maple flooring, solid surface countertops, play ground.

Information deemed reliable but not guaranteed. Buyer to verify all information.
List Price: $130,000 MLS# 852649  Stat: Sold Ref # 4  
Address: 1203 W 1420 N  Type: Condo Style: Rambler/Ranch
City: Orem,   UT 84057  Project: STONEBROOK
Prop. Tour:  Tour NS/EW: 1420 N / 1203 W  Sold Dt: 02/11/2009 Sold Price: $130,000
 Tot Sq Ft: 1065
 Tot Beds: 3
 Tot Baths: 2.00
 Family Rms: 0
 Fireplace: 0
 Gar|Port: 0 | 1
Yr Built: 1996
Taxes: $700
Acres: 0.02
HOA Fee: $120
Under Cnst: No
Fin Bsmnt: 0%
 Exterior: Brick
 Lot Facts: Curb & Gutter, Sprinkler, Auto-Full, Terrain,Flat, Terrain, Mtn.
 Features & Info: Animals Permitted, Out Bldgs, Outdoor Lighting / Closet-Walk-In, Disposal, Range Oven Free Std.
 Inclusions: Dryer, Microwave, Washer
Remarks: What a Deal!! Willing To Do Lease Option, Spacious Condo, Bottom Unit, Easy To Show, Great Location & Is The Best Buy In The Neighborhood, Come and See It Today!!!

Information deemed reliable but not guaranteed. Buyer to verify all information.

 

List Price: $131,900 MLS# 830955  Stat: Sold Ref # 5  
Address: 311 W 650 N  Type: Condo Style: Rambler/Ranch
City: Orem,   UT 84057  Project: CANNERY COVE
Prop. Tour:  Tour NS/EW: 650 N / 311 W  Sold Dt: 01/20/2009 Sold Price: $130,900
 Tot Sq Ft: 953
 Tot Beds: 2
 Tot Baths: 2.00
 Family Rms: 0
 Fireplace: 0
 Gar|Port: 0 | 1
Yr Built: 1999
Taxes: $594
Acres: 0.02
HOA Fee: $85
Under Cnst: No
Fin Bsmnt: 0%
 Exterior: Brick, Stucco
 Lot Facts: Curb & Gutter, Fenced Part, Paved Road, Sidewalks, Sprinkler, Auto-Full, Terrain,Flat, View, Mtn, Private Yard
 Features & Info: Animals Permitted, Double Pane, Outdoor Lighting / Dishwasher, Disposal, Master Bath, Range Oven Free Std.
 Inclusions: Dryer, Microwave, Refrigerator, Storage Sheds, Washer
Remarks: Bottom floor unit. HOA dues pay landscaping, basic cable, ext. lights, ext. water, snow/garbage removal, insurance for complex. HOA is $75 when paid by 1st. One covered parking & ample free spaces. Must be owner-occupied. Up to 3 household pets allowed.

Information deemed reliable but not guaranteed. Buyer to verify all information.
List Price: $134,900 MLS# 820174  Stat: Sold Ref # 6  
Address: 1312 S 1180 W  Type: Condo Style: Other
City: Orem,   UT 84058  Project: COUNTRY WOODS
Prop. Tour:  Tour NS/EW: 1312 S / 1180 W  Sold Dt: 02/05/2009 Sold Price: $128,000
 Tot Sq Ft: 990
 Tot Beds: 2
 Tot Baths: 1.00
 Family Rms: 0
 Fireplace: 0
 Gar|Port: 0 | 1
Yr Built: 1996
Taxes: $601
Acres: 0.01
HOA Fee: $99
Under Cnst: No
Fin Bsmnt: 0%
 Exterior: Aluminum/Vinyl, Stone, Stucco
 Lot Facts: Curb & Gutter, Paved Road, Sidewalks, Sprinkler, Auto-Full, Terrain,Flat, View, Mtn
 Features & Info: Balcony, Bay/Box Windows, Double Pane, Entry(Foyer), Outdoor Lighting, Sliding Glass / Closet-Walk-In, Dishwasher, Disposal, Range Oven Free Std., Vaulted Ceilings
 Inclusions: Range, Range Hood, Window Covers
Remarks: Great Location! Near UVU! Top floor with vaulted ceilings and mountain view. Plenty of storage. Plenty of visitor parking. Amenities include: Sand Volleyball, Basketball, RV Parking,

Information deemed reliable but not guaranteed. Buyer to verify all information.

 

List Price: $154,900 MLS# 853607  Stat: Sold Ref # 7  
Address: 1451 N 1090 W  Type: Single Family Style: Rambler/Ranch
City: Orem,   UT 84057  Project: WYNNEWOOD
Prop. Tour:  NA NS/EW: 1451 N / 1090 W  Sold Dt: 02/20/2009 Sold Price: $154,000
 Tot Sq Ft: 2038
 Tot Beds: 5
 Tot Baths: 2.00
 Family Rms: 1
 Fireplace: 0
 Gar|Port: 0 | 0
Yr Built: 1980
Taxes: $1
Acres: 0.28
HOA Fee: $0
Under Cnst: No
Fin Bsmnt: 100%
 Exterior: Aluminum/Vinyl
 Lot Facts: Cul-de-Sac, Curb & Gutter, Paved Road, Secluded Yard, Sidewalks, Terrain,Flat, View, Mtn
 Features & Info: Awnings, Deck Covered, Double Pane, Outdoor Lighting, Patio Covered / Dishwasher, Disposal, Hardwood Floors, Kitchen-Updated, Range Oven Free Std.
 Inclusions: Basketball Std, Ceiling Fan, Dryer, Range, Range Hood, Refrigerator, Storage Sheds, Swing Set, Washer, Water Soft Own
Remarks: FOR SHOW INSTRUCTIONS AND KEYBOX CODE CLICK ON “VIEW AGENT REMARKS.” A Pre-Qual Letter or Proof of Funds MUST accompany ALL offers. 10.2 of the REPC does not apply. Buyer/Buyer Broker to verify all info. Home sold AS IS.

Information deemed reliable but not guaranteed. Buyer to verify all information.
List Price: $157,500 MLS# 849448  Stat: Sold Ref # 8  
Address: 731 S HANOVER DR  Type: Condo Style: Townhouse/Row-Mid
City: Orem,   UT 84058  Project: HANOVER CT
Prop. Tour:  Tour NS/EW: 731 S / 150 E  Sold Dt: 02/11/2009 Sold Price: $155,500
 Tot Sq Ft: 1428
 Tot Beds: 2
 Tot Baths: 2.00
 Family Rms: 1
 Fireplace: 0
 Gar|Port: 0 | 0
Yr Built: 1985
Taxes: $607
Acres: 0.03
HOA Fee: $65
Under Cnst: No
Fin Bsmnt: 0%
 Exterior: Aluminum/Vinyl, Brick
 Lot Facts: Curb & Gutter, Fenced Full, Secluded Yard, Sidewalks, Sprinkler – Auto-Part, Terrain,Flat, View, Mtn
 Features & Info: Animals Permitted, Bay/Box Windows, Double Pane, Entry(Foyer) / Closet-Walk-In, Dishwasher, Disposal, Jetted Tub, Range Oven Free Std.
 Inclusions: Ceiling Fan, Range Hood
Remarks: Sharp Townhouse with tile, new carpet and paint, new furnace, central air, private yard, great Orem area with private common park area. Easy to show. (Sq footage is an estimate)

Information deemed reliable but not guaranteed. Buyer to verify all information.

 

List Price: $160,000 MLS# 829007  Stat: Sold Ref # 9  
Address: 745 N 980 W  Type: Single Family Style: Rambler/Ranch
City: Orem,   UT 84057  Project:
Prop. Tour:  NA NS/EW: 745 N / 980 W  Sold Dt: 01/05/2009 Sold Price: $157,000
 Tot Sq Ft: 1976
 Tot Beds: 5
 Tot Baths: 2.00
 Family Rms: 2
 Fireplace: 0
 Gar|Port: 2 | 0
Yr Built: 1984
Taxes: $935
Acres: 0.17
HOA Fee: $0
Under Cnst: No
Fin Bsmnt: 0%
 Exterior: Aluminum/Vinyl
 Lot Facts: Corner Lot, Curb & Gutter
 Features & Info: Sliding Glass, Storm Doors / Dishwasher, Disposal
 Inclusions:
Remarks: SELLER HAS ALREADY ACCEPTED AN OFFER AND NO SHOWINGS AT THIS TIME UNTIL SS IS APPROVED*SUBJECT TO BANK APPROVAL*DELETE 10.2*SOLD IN “AS IS” CONDITION*PRE-APPROVAL LETTER W/ ALL OFFERS*SQ FT PER COUNTY RECORDS*BUYER TO VERIFY ALL INFO*

Information deemed reliable but not guaranteed. Buyer to verify all information.
List Price: $172,900 MLS# 854440  Stat: Sold Ref # 10  
Address: 1744 S 200 E  Type: Single Family Style: Split-Entry/Bi-Level
City: Orem,   UT 84058  Project: WOLSEY
Prop. Tour:  NA NS/EW: 1744 S / 200 E  Sold Dt: 02/13/2009 Sold Price: $170,900
 Tot Sq Ft: 2460
 Tot Beds: 6
 Tot Baths: 3.00
 Family Rms: 2
 Fireplace: 1
 Gar|Port: 1 | 0
Yr Built: 1971
Taxes: $1
Acres: 0.34
HOA Fee: $0
Under Cnst: No
Fin Bsmnt: 98%
 Exterior: Aluminum/Vinyl, Brick
 Lot Facts: Fenced Part, Terrain,Flat, View, Mtn
 Features & Info: Patio /
 Inclusions:
Remarks: SEE AGENT REMARKS FOR COMBO CODE-BANK OWNED, SOLD AS-IS, 10.2 DOES NOT APPLY, LENDER APPROVAL LETTER OR IF CASH PROOF OF FUNDS REQUIRED W/REPC, BANK ADDENDUMS TO BE SIGNED UPON ACCEPTANCE. BUYER TO VERIFY ALL LISTING INFO, SQ FT PER CNTY RCRDS.

Information deemed reliable but not guaranteed. Buyer to verify all information.

 

List Price: $175,000 MLS# 828374  Stat: Sold Ref # 11  
Address: 1747 W 180 S  Type: Single Family Style: Rambler/Ranch
City: Orem,   UT 84058  Project: EASTLAKE SUBDIVISION
Prop. Tour:  Tour NS/EW: 180 S / 1747 W  Sold Dt: 02/13/2009 Sold Price: $179,000
 Tot Sq Ft: 1085
 Tot Beds: 3
 Tot Baths: 2.00
 Family Rms: 1
 Fireplace: 0
 Gar|Port: 2 | 0
Yr Built: 1997
Taxes: $955
Acres: 0.22
HOA Fee: $0
Under Cnst: No
Fin Bsmnt: 0%
 Exterior: Aluminum/Vinyl, Brick
 Lot Facts: Curb & Gutter, Fenced Part, Sidewalks, Sprinkler, Auto-Full, Terrain,Flat, View, Mtn
 Features & Info: Patio / Dishwasher, Disposal, Range Oven Built In
 Inclusions:
Remarks: This home is in a great location w/great neighbors. Spacious backyard. Backs to an unbelievable park, w/running path, play equipment, baseball & soccer fields. Elementary kids walk across park to go to school. Home is a must see, very clean.

Information deemed reliable but not guaranteed. Buyer to verify all information.
List Price: $179,000 MLS# 846464  Stat: Sold Ref # 12  
Address: 390 W 900 S  Type: Single Family Style: Split-Entry/Bi-Level
City: Orem,   UT 84058  Project:
Prop. Tour:  NA NS/EW: 900 S / 390 W  Sold Dt: 02/10/2009 Sold Price: $172,500
 Tot Sq Ft: 3512
 Tot Beds: 6
 Tot Baths: 4.00
 Family Rms: 2
 Fireplace: 0
 Gar|Port: 2 | 0
Yr Built: 1972
Taxes: $1,324
Acres: 0.22
HOA Fee: $0
Under Cnst: No
Fin Bsmnt: 100%
 Exterior: Aluminum/Vinyl, Brick
 Lot Facts: Corner Lot, Fenced Part, Sidewalks, Sprinkler – Man-part, Terrain,Flat, View, Valley
 Features & Info: / Kitchen-Second, Mother-in-Law Apt
 Inclusions: Range
Remarks: CASH OFFERS ONLY! WALK TO UTAH VALLEY UNIVERSITY. SIX BED, FOUR BATH, TWO KITCHENS. Fax proof of funds, Short sale/As-Is & Lead Paint addendums.Asking price to have final approval from Bank. Seller reserves right to accept any offer. Read agent’s remarks.

Information deemed reliable but not guaranteed. Buyer to verify all information.

 

List Price: $179,900 MLS# 855351  Stat: Sold Ref # 13  
Address: 706 E 1500 S  Type: Single Family Style: Rambler/Ranch
City: Orem,   UT 84097  Project:
Prop. Tour:  Tour NS/EW: 1500 S / 706 E  Sold Dt: 02/24/2009 Sold Price: $170,000
 Tot Sq Ft: 2912
 Tot Beds: 3
 Tot Baths: 4.00
 Family Rms: 2
 Fireplace: 2
 Gar|Port: 2 | 0
Yr Built: 1967
Taxes: $1,290
Acres: 0.05
HOA Fee: $0
Under Cnst: No
Fin Bsmnt: 90%
 Exterior: Brick
 Lot Facts: Curb & Gutter, Sidewalks
 Features & Info: Deck, Patio Covered / Kitchen-Second
 Inclusions:
Remarks: Needs a little TLC, but has great potential! Corp owned, sold as is, no warranties. See agent remarks for submitting offers. No FHA offers please.

Information deemed reliable but not guaranteed. Buyer to verify all information.
List Price: $179,900 MLS# 860019  Stat: Sold Ref # 14  
Address: 733 S 1525 W 28  Type: Condo Style: Townhouse/Row-End
City: Orem,   UT 84058  Project: BLACK HORSE RUN II
Prop. Tour:  NA NS/EW: 733 S / 1525 W  Sold Dt: 01/08/2009 Sold Price: $169,000
 Tot Sq Ft: 1776
 Tot Beds: 3
 Tot Baths: 3.00
 Family Rms: 1
 Fireplace: 0
 Gar|Port: 0 | 1
Yr Built: 2007
Taxes: $1
Acres: 0.02
HOA Fee: $115
Under Cnst: No
Fin Bsmnt: 0%
 Exterior:
 Lot Facts: View, Mtn
 Features & Info: Double Pane, Patio, Sliding Glass / Closet-Walk-In, Dishwasher, Disposal, Master Bath, Range Oven Free Std., Vaulted Ceilings
 Inclusions: Microwave, Range, Range Hood, Refrigerator
Remarks: Beautiful new subdivision with 9 ft ceilings. Fenced backyards, 2 tone paint, granite countertops, $8k in flooring upgrades. Tennis court, BBQ pavilion, and playground. Owner Agent. Buyer to verify information.

Information deemed reliable but not guaranteed. Buyer to verify all information.

 

List Price: $184,900 MLS# 846067  Stat: Sold Ref # 15  
Address: 921 N 60 E  Type: Single Family Style: Tri/Multi-Level
City: Orem,   UT 84057  Project: ALUMA GARDENS
Prop. Tour:  Tour NS/EW: 921 N / 60 E  Sold Dt: 01/03/2009 Sold Price: $178,900
 Tot Sq Ft: 1805
 Tot Beds: 3
 Tot Baths: 3.00
 Family Rms: 1
 Fireplace: 1
 Gar|Port: 1 | 0
Yr Built: 1965
Taxes: $1
Acres: 0.18
HOA Fee: $0
Under Cnst: No
Fin Bsmnt: 95%
 Exterior: Aluminum/Vinyl, Brick
 Lot Facts: Curb & Gutter, Fenced Full, Sidewalks, Sprinkler, Auto-Full, Terrain,Flat, View, Mtn
 Features & Info: Double Pane, Patio Covered, Sliding Glass / Dishwasher, Disposal, Kitchen-Updated, Master Bath, Oven-Wall, Range-Countertop
 Inclusions: Ceiling Fan, Range, Range Hood, Storage Sheds, Window Covers
Remarks: 3 Bed 2 Bath NE Orem*Walking Distance To Schools And Half A Block To Golds Gym*Close To Grocery Store*Straight Shot To Freeway on 800 Norht*Close To Canyon/Ski/Bike Trails* Great Condition*Covered Patio*Come See!

Information deemed reliable but not guaranteed. Buyer to verify all information.
List Price: $190,000 MLS# 837853  Stat: Sold Ref # 16  
Address: 997 W 600 N  Type: Single Family Style: Rambler/Ranch
City: Orem,   UT 84057  Project: GENEVA HEIGHTS
Prop. Tour:  Tour NS/EW: 600 N / 997 W  Sold Dt: 01/28/2009 Sold Price: $193,000
 Tot Sq Ft: 2400
 Tot Beds: 4
 Tot Baths: 2.00
 Family Rms: 0
 Fireplace: 1
 Gar|Port: 2 | 0
Yr Built: 1978
Taxes: $1,006
Acres: 0.24
HOA Fee: $0
Under Cnst: No
Fin Bsmnt: 100%
 Exterior: Brick
 Lot Facts: Cul-de-Sac, Curb & Gutter, Fenced Full, Paved Road, Secluded Yard, Sidewalks, Sprinkler – Man Full, Terrain,Flat, View, Mtn
 Features & Info: Patio, Porch Open, Sliding Glass, Storm Windows, Triple Pane / Disposal, Kitchen-Updated, Mother-in-Law Apt
 Inclusions: Basketball Std, Ceiling Fan, Dog Run, Range Hood, Refrigerator, Swing Set, TV Antenna, Window Covers, Wood Stove
Remarks: Solid Brick Rambler in secluded cul-de-sac. Recently painted, also has a mother in law apartment. Motivated sellers. Buyer to verify all information

Information deemed reliable but not guaranteed. Buyer to verify all information.

 

List Price: $194,900 MLS# 849333  Stat: Sold Ref # 17  
Address: 839 S FOX TRAIL LN  Type: Single Family Style: Townhouse/Row-Mid
City: Orem,   UT 84058  Project: WHISPERING SPRINGS
Prop. Tour:  Tour NS/EW: 839 S / 1850 W  Sold Dt: 02/19/2009 Sold Price: $175,000
 Tot Sq Ft: 1488
 Tot Beds: 3
 Tot Baths: 3.00
 Family Rms: 1
 Fireplace: 1
 Gar|Port: 2 | 0
Yr Built: 2008
Taxes: $482
Acres: 0.03
HOA Fee: $40
Under Cnst: No
Fin Bsmnt: 0%
 Exterior: Clapboard/Masonite, Stone, Stucco
 Lot Facts: Curb & Gutter, Paved Road, Sidewalks, Terrain,Flat, View, Mtn
 Features & Info: Double Pane, Outdoor Lighting, Patio, Sliding Glass / Closet-Walk-In, Dishwasher, Disposal, Jetted Tub, Master Bath, Range Oven Free Std., Vaulted Ceilings
 Inclusions: Ceiling Fan, Microwave, Range
Remarks: Brand New Townhome close to UVU,I-15, shopping and Sleepy Ridge Golf Course. IT HAS IT ALL! knotty alder case, base, doors and cabinets. Stainless Steel appliances, granite counter tops, travertine tile, Mountain views and walking distance to golf Course.

Information deemed reliable but not guaranteed. Buyer to verify all information.
List Price: $195,000 MLS# 855489  Stat: Sold Ref # 18  
Address: 1567 N 1150 W  Type: Condo Style: Townhouse/Row-End
City: Orem,   UT 84057  Project: TANGLEWOOD ESTATES
Prop. Tour:  Tour NS/EW: 1567 N / 1150 W  Sold Dt: 02/24/2009 Sold Price: $190,000
 Tot Sq Ft: 2321
 Tot Beds: 3
 Tot Baths: 3.00
 Family Rms: 0
 Fireplace: 0
 Gar|Port: 2 | 0
Yr Built: 2006
Taxes: $1,481
Acres: 0.03
HOA Fee: $130
Under Cnst: No
Fin Bsmnt: 0%
 Exterior: Stone, Stucco
 Lot Facts: Sidewalks, Sprinkler, Auto-Full, View, Mtn
 Features & Info: Deck, Double Pane, Sliding Glass / Bath-Sep Tub/Shower, Closet-Walk-In, Dishwasher, Master Bath, Range Oven Free Std., Vaulted Ceilings
 Inclusions:
Remarks: SELLER IS OFFERING A $1,500 BUYERS CLOSING COST CREDIT UNTIL 2/7/09 *** Nice townhome with granite, knotty alder cabinets, master bedroom and two car garage! Good investment property. Sold As-Is. Buyer to verify information.

Information deemed reliable but not guaranteed. Buyer to verify all information.

 

List Price: $199,700 MLS# 850848  Stat: Sold Ref # 19  
Address: 233 S 335 W  Type: Single Family Style: Rambler/Ranch
City: Orem,   UT 84058  Project: PARKSIDE VILLAGE
Prop. Tour:  Tour NS/EW: 233 S / 335 W  Sold Dt: 02/13/2009 Sold Price: $195,900
 Tot Sq Ft: 2100
 Tot Beds: 5
 Tot Baths: 2.00
 Family Rms: 2
 Fireplace: 2
 Gar|Port: 0 | 1
Yr Built: 1979
Taxes: $940
Acres: 0.16
HOA Fee: $0
Under Cnst: No
Fin Bsmnt: 90%
 Exterior: Brick, Composition
 Lot Facts: Corner Lot, Curb & Gutter, Fenced Part, Sidewalks, Sprinkler, Auto-Full, Private Yard
 Features & Info: Attic Fan, Double Pane, Out Bldgs, Outdoor Lighting, Patio / Dishwasher, Kitchen-Updated, Range Oven Free Std.
 Inclusions: Microwave, Range, Refrigerator, Storage Sheds
Remarks: REMODELED! Licensed Carpenter’s home. You can see the TLC! New light fixtures, Carpet, Counters, Refinished Cabinets, New Appliances, Nicely Landscaped, Shop in back and a neighborhood you’ll love calling home! Motivated to SELL ASAP!

Information deemed reliable but not guaranteed. Buyer to verify all information.
List Price: $205,900 MLS# 840770  Stat: Sold Ref # 20  
Address: 594 S 1540 W  Type: Single Family Style: Tri/Multi-Level
City: Orem,   UT 84058  Project: COUNTRY ESTATES 2
Prop. Tour:  Tour NS/EW: 594 S / 1540 W  Sold Dt: 01/07/2009 Sold Price: $199,900
 Tot Sq Ft: 1566
 Tot Beds: 4
 Tot Baths: 3.00
 Family Rms: 1
 Fireplace: 0
 Gar|Port: 2 | 0
Yr Built: 1997
Taxes: $800
Acres: 0.18
HOA Fee: $0
Under Cnst: No
Fin Bsmnt: 0%
 Exterior: Aluminum/Vinyl, Brick
 Lot Facts: Curb & Gutter, Fenced Full, Paved Road, Sidewalks, Sprinkler, Auto-Full, Terrain,Flat, View, Mtn
 Features & Info: Bay/Box Windows, Outdoor Lighting, Patio, Storm Windows / Den/Office, Range Oven Free Std., Vaulted Ceilings
 Inclusions: Ceiling Fan, DishWasher, Range, Refrigerator
Remarks: Beautiful home located in southwest Orem. 4 bedroom, 3 full baths. One bedroom could be an office. Home shows very well & is in excellent shape. Fully landscaped with auto sprinkler system, full vinyl fence. RV parking. Call today for an appointment

Information deemed reliable but not guaranteed. Buyer to verify all information.

 

List Price: $208,800 MLS# 849140  Stat: Sold Ref # 21  
Address: 1911 S 375 E  Type: Single Family Style: Rambler/Ranch
City: Orem,   UT 84058  Project: MORNING SIDE HEIGHTS
Prop. Tour:  Tour NS/EW: 1911 S / 375 E  Sold Dt: 01/23/2009 Sold Price: $205,000
 Tot Sq Ft: 2500
 Tot Beds: 6
 Tot Baths: 2.00
 Family Rms: 2
 Fireplace: 2
 Gar|Port: 0 | 2
Yr Built: 1960
Taxes: $1,076
Acres: 0.20
HOA Fee: $0
Under Cnst: No
Fin Bsmnt: 80%
 Exterior: Brick
 Lot Facts: Curb & Gutter, Fenced Full, Paved Road, Sidewalks, Sprinkler, Auto-Full, Terrain,Flat, View, Lake, View, Mtn
 Features & Info: Skylights / Dishwasher, Disposal, Gas Log, Hardwood Floors, Kitchen-Second, Kitchen-Updated, Mother-in-Law Apt, Range Oven Free Std.
 Inclusions: Ceiling Fan, DishWasher, Microwave, Range, Range Hood, Refrigerator, Storage Sheds, Water Soft Own, Window Covers
Remarks: Remodeled Kitchen, Mother in law apt-w/separate entrance(currently rented mo-mo), quiet neighborhood, 2 gas fireplaces, hardwood floors(under carpet), new roof(08), new furnace(06)/water softener(08), central air, 2 kitchens, well maintained home, storage

Information deemed reliable but not guaranteed. Buyer to verify all information.
List Price: $209,900 MLS# 841162  Stat: Sold Ref # 22  
Address: 498 E 400 S  Type: Single Family Style: Tri/Multi-Level
City: Orem,   UT 84058  Project:
Prop. Tour:  Tour NS/EW: 400 S / 498 E  Sold Dt: 01/14/2009 Sold Price: $211,000
 Tot Sq Ft: 2278
 Tot Beds: 4
 Tot Baths: 2.00
 Family Rms: 2
 Fireplace: 1
 Gar|Port: 2 | 0
Yr Built: 1979
Taxes: $1,053
Acres: 0.21
HOA Fee: $0
Under Cnst: No
Fin Bsmnt: 100%
 Exterior: Aluminum/Vinyl, Brick
 Lot Facts: Curb & Gutter, Fenced Part, Sidewalks, Sprinkler, Auto-Full, Terrain,Flat, View, Mtn
 Features & Info: Double Pane, Out Bldgs, Outdoor Lighting, Patio Covered, Sliding Glass / Dishwasher, Disposal, Hardwood Floors, Range Oven Free Std., Range-Gas
 Inclusions: Alarm System, Gas Grill/BBQ, Microwave, Range, Range Hood, Satellite Dish, Storage Sheds, TV Antenna, Water Soft Own
Remarks: Updated 4 Level Split – Remodeled throughout – Oak Hardwood Flooring & Kitchen Cabinets – Updated Appliances – Tile in Laundry & Baths – mature Trees & Full Landscaping – Fenced Backyard – Newer Roof – 2 Family Rooms – Garden – Buyer to verify.

Information deemed reliable but not guaranteed. Buyer to verify all information.

 

List Price: $214,900 MLS# 794982  Stat: Sold Ref # 23  
Address: 1446 N 1160 W  Type: Single Family Style: Rambler/Ranch
City: Orem,   UT 84057  Project: CROWN POINT
Prop. Tour:  Tour NS/EW: 1446 N / 1160 W  Sold Dt: 01/14/2009 Sold Price: $205,000
 Tot Sq Ft: 2284
 Tot Beds: 3
 Tot Baths: 2.00
 Family Rms: 2
 Fireplace: 0
 Gar|Port: 2 | 0
Yr Built: 1993
Taxes: $1,111
Acres: 0.18
HOA Fee: $0
Under Cnst: No
Fin Bsmnt: 50%
 Exterior: Aluminum/Vinyl, Brick
 Lot Facts: Cul-de-Sac, Curb & Gutter, Fenced Part, Paved Road, Sidewalks, Sprinkler, Auto-Full, Terrain, Steep Slope, Terrain,Flat, Terrain, Grad Slope, View, Lake, View, Mtn
 Features & Info: Deck, Double Pane, Entry(Foyer), Outdoor Lighting, Patio Covered / Dishwasher, Disposal, French Doors, Range Oven Free Std.
 Inclusions: Ceiling Fan, Microwave, Range, Range Hood, Refrigerator, Window Covers
Remarks: 2 car finished garage,.18 acre, basement 50% finished, rv parking, covered patio, quiet cul-de-sac location, easy access to I-15 & shopping, open floor plan, beautiful laminate flooring, large family room, kitchen appliances included and room to grow!

Information deemed reliable but not guaranteed. Buyer to verify all information.
List Price: $214,900 MLS# 828006  Stat: Sold Ref # 24  
Address: 289 E 340 S  Type: Single Family Style: Rambler/Ranch
City: Orem,   UT 84058  Project: SHERWOOD MEADOWS
Prop. Tour:  Tour NS/EW: 340 S / 289 E  Sold Dt: 02/18/2009 Sold Price: $203,000
 Tot Sq Ft: 2640
 Tot Beds: 5
 Tot Baths: 3.00
 Family Rms: 2
 Fireplace: 2
 Gar|Port: 2 | 0
Yr Built: 1975
Taxes: $1,243
Acres: 0.25
HOA Fee: $0
Under Cnst: No
Fin Bsmnt: 95%
 Exterior: Brick, Clapboard/Masonite
 Lot Facts: Corner Lot, Cul-de-Sac, Curb & Gutter, Fenced Part, Sidewalks, Sprinkler – Auto-Part, Terrain,Flat, View, Mtn
 Features & Info: Out Bldgs, Outdoor Lighting, Patio, Patio Covered, Sliding Glass / Dishwasher, Disposal, Kitchen-Updated, Laundry Chute, Master Bath, Range Oven Free Std.
 Inclusions: Range, Range Hood, Storage Sheds, Swing Set, Wood Stove
Remarks: Sale Failed! Best Value in Orem! Beautiful remodeled 5Bed/3Bth rambler. Quiet cul-de-sac in great Orem neighborhood. Great floor plan/extra nice kit. 2 famlyrooms. Commercial play yard equip. FP&Wood Stove. RV parking. Not a Short Sale!!

Information deemed reliable but not guaranteed. Buyer to verify all information.

 

List Price: $215,000 MLS# 845769  Stat: Sold Ref # 25  
Address: 810 S 1840 W  Type: Single Family Style: Townhouse/Row-End
City: Orem,   UT 84058  Project: PHEASANT MEADOW
Prop. Tour:  Tour NS/EW: 810 S / 1840 W  Sold Dt: 12/31/2008 Sold Price: $195,610
 Tot Sq Ft: 1629
 Tot Beds: 3
 Tot Baths: 3.00
 Family Rms: 0
 Fireplace: 0
 Gar|Port: 2 | 0
Yr Built: 2007
Taxes: $398
Acres: 0.03
HOA Fee: $50
Under Cnst: No
Fin Bsmnt: 0%
 Exterior: Composition, Stone, Stucco
 Lot Facts: Fenced Part, Sprinkler, Auto-Full, Terrain,Flat, View, Mtn
 Features & Info: Double Pane, Patio, Patio Covered / Bath-Sep Tub/Shower, Closet-Walk-In, Dishwasher, Disposal, Jetted Tub, Master Bath, Range Oven Free Std., Vaulted Ceilings
 Inclusions: Ceiling Fan, Microwave, Range
Remarks: DELIGHTFUL CLEAN TOWNHOME. FEELS LIKE NEW. SPACIOUS ROOMS w/2STORY GREAT ROOM OFF KITCHEN. GRANITE COUNTERTOPS, KNOTTY ALDER CABINETS, Lg MASTER SUITE w/MASTER BATH, JETTED TUB, SEPARATE SHOWER. WONDERFUL OPPORTUNITY. SEE AGENT REMARKS. SqFtAPPRX

Information deemed reliable but not guaranteed. Buyer to verify all information.
List Price: $219,900 MLS# 824923  Stat: Sold Ref # 26  
Address: 1271 N 500 W  Type: Single Family Style: Tri/Multi-Level
City: Orem,   UT 84057  Project:
Prop. Tour:  NA NS/EW: 1271 N / 500 W  Sold Dt: 01/28/2009 Sold Price: $215,000
 Tot Sq Ft: 2456
 Tot Beds: 6
 Tot Baths: 3.00
 Family Rms: 1
 Fireplace: 0
 Gar|Port: 2 | 0
Yr Built: 1994
Taxes: $1,193
Acres: 0.21
HOA Fee: $0
Under Cnst: No
Fin Bsmnt: 100%
 Exterior: Aluminum/Vinyl, Brick
 Lot Facts: Curb & Gutter, Fenced Part, Sprinkler, Auto-Full, View, Mtn
 Features & Info: Bay/Box Windows, Outdoor Lighting, Patio / Closet-Walk-In, Dishwasher, Disposal, Master Bath, Vaulted Ceilings
 Inclusions:
Remarks: FOR SHOW INSTRUCTIONS AND KEYBOX CODE CLICK ON “VIEW AGENT REMARKS.” A Pre-Qual Letter or Proof of Funds MUST accompany ALL offers. 10.2 of REPC does not apply. Buyer/Buyer Broker to verify all info. New carpet and paint! SELLER WILL PAY 3% BCC

Information deemed reliable but not guaranteed. Buyer to verify all information.

 

List Price: $219,900 MLS# 851474  Stat: Sold Ref # 27  
Address: 1905 W FOX TRAIL LN  Type: Single Family Style: Townhouse/Row-End
City: Orem,   UT 84058  Project: WHISPERING SPRINGS
Prop. Tour:  NA NS/EW: 830 S / 1905 W  Sold Dt: 02/13/2009 Sold Price: $215,000
 Tot Sq Ft: 1488
 Tot Beds: 3
 Tot Baths: 3.00
 Family Rms: 1
 Fireplace: 1
 Gar|Port: 2 | 0
Yr Built: 2008
Taxes: $482
Acres: 0.03
HOA Fee: $40
Under Cnst: Yes
Fin Bsmnt: 0%
 Exterior: Clapboard/Masonite, Stone, Stucco
 Lot Facts: Curb & Gutter, Sidewalks, Terrain,Flat, View, Mtn
 Features & Info: Double Pane, Outdoor Lighting, Patio, Sliding Glass / Closet-Walk-In, Dishwasher, Disposal, Jetted Tub, Master Bath, Range Oven Free Std., Vaulted Ceilings
 Inclusions: Ceiling Fan, Microwave, Range
Remarks: Brand new Townhome on Sleepy Ridge Golf Course.Close to UVU, I-15 and shopping.This unit has it all! Knotty alder cabinets, doors, case and base. Stainless steel appliances, granite countertops and travertine tile. This is a great location and a must SEE!

Information deemed reliable but not guaranteed. Buyer to verify all information.
List Price: $222,000 MLS# 797600  Stat: Sold Ref # 28  
Address: 935 W 1400 N  Type: Single Family Style: Rambler/Ranch
City: Orem,   UT 84057  Project: NORTH PARK MANOR
Prop. Tour:  Tour NS/EW: 1400 N / 935 W  Sold Dt: 01/14/2009 Sold Price: $165,000
 Tot Sq Ft: 2322
 Tot Beds: 4
 Tot Baths: 2.00
 Family Rms: 2
 Fireplace: 2
 Gar|Port: 0 | 2
Yr Built: 1975
Taxes: $1,089
Acres: 0.19
HOA Fee: $0
Under Cnst: No
Fin Bsmnt: 80%
 Exterior: Brick
 Lot Facts: Curb & Gutter, Paved Road, Sidewalks, Terrain,Flat, Private Yard
 Features & Info: Out Bldgs, Patio Covered /
 Inclusions:
Remarks: HAVE AN OFFER, WAITING FOR APPROVAL.. All offers below asking price subject to lender approval.Sold “as is” seller never occupied property and non-occupant addendum must be attached to any offer.Please look at all the possibilities of this fantastic home.

Information deemed reliable but not guaranteed. Buyer to verify all information.

 

List Price: $222,500 MLS# 844657  Stat: Sold Ref # 29  
Address: 742 E 950 N  Type: Single Family Style: Split-Entry/Bi-Level
City: Orem,   UT 84097  Project: MONTE VISTA
Prop. Tour:  Tour NS/EW: 950 N / 742 E  Sold Dt: 01/12/2009 Sold Price: $206,000
 Tot Sq Ft: 2746
 Tot Beds: 4
 Tot Baths: 3.00
 Family Rms: 2
 Fireplace: 1
 Gar|Port: 2 | 0
Yr Built: 1973
Taxes: $1,155
Acres: 0.21
HOA Fee: $0
Under Cnst: No
Fin Bsmnt: 95%
 Exterior: Aluminum/Vinyl, Brick
 Lot Facts: Fenced Full, Sidewalks, Sprinkler, Auto-Full
 Features & Info: Deck, Out Bldgs / Closet-Walk-In, Den/Office, Dishwasher, Disposal, Gas Log, Hardwood Floors, Jetted Tub, Master Bath, Range Oven Free Std., Vaulted Ceilings
 Inclusions: Ceiling Fan, Refrigerator
Remarks: This home is in great condition. Completely updated, walk out basement. Newer carpet, paint, kitchen. Well taken care of yard. This home shows great. Oak wood deck.

Information deemed reliable but not guaranteed. Buyer to verify all information.
List Price: $224,900 MLS# 830391  Stat: Sold Ref # 30  
Address: 104 S RIDGEVIEW DR  Type: Condo Style: Rambler/Ranch
City: Orem,   UT 84058  Project: RIDGEVIEW
Prop. Tour:  NA NS/EW: 104 S / 1000 W  Sold Dt: 01/19/2009 Sold Price: $200,000
 Tot Sq Ft: 2220
 Tot Beds: 3
 Tot Baths: 3.00
 Family Rms: 2
 Fireplace: 0
 Gar|Port: 2 | 0
Yr Built: 1996
Taxes: $985
Acres: 0.04
HOA Fee: $130
Under Cnst: No
Fin Bsmnt: 100%
 Exterior: Brick, Stucco
 Lot Facts: Corner Lot, Curb & Gutter, Sprinkler, Auto-Full, View, Mtn
 Features & Info: Double Pane / Bath-Sep Tub/Shower, Gas Log, Jetted Tub, Master Bath, Oven-Double, Range-Countertop, Vaulted Ceilings
 Inclusions:
Remarks: Main floor living condo with views from all sides, granit/tile kitchen tops/marble bathrooms, double-sided F/P, hardwood floors, cherry cabs, easy to show and priced to sell quickly.

Information deemed reliable but not guaranteed. Buyer to verify all information.

 

List Price: $229,500 MLS# 847419  Stat: Sold Ref # 31  
Address: 1939 N 800 W  Type: Single Family Style: Rambler/Ranch
City: Orem,   UT 84057  Project:
Prop. Tour:  NA NS/EW: 1939 N / 800 W  Sold Dt: 01/07/2009 Sold Price: $222,000
 Tot Sq Ft: 3800
 Tot Beds: 6
 Tot Baths: 3.00
 Family Rms: 2
 Fireplace: 0
 Gar|Port: 2 | 0
Yr Built: 1972
Taxes: $1,084
Acres: 0.36
HOA Fee: $0
Under Cnst: No
Fin Bsmnt: 0%
 Exterior:
 Lot Facts:
 Features & Info: /
 Inclusions:
Remarks: FOR SHOW INSTRUCTIONS AND KEYBOX CODE CLICK ON “VIEW AGENT REMARKS.” This Winter Promotion also includes a BCC incentive for owner/occupant buyers of up to 3.5% when written in contract. Offers acceptable through 1/31/09. SOLD AS IS.

Information deemed reliable but not guaranteed. Buyer to verify all information.
List Price: $229,900 MLS# 837462  Stat: Sold Ref # 32  
Address: 447 W 165 S  Type: Single Family Style: Split-Entry/Bi-Level
City: Orem,   UT 84058  Project:
Prop. Tour:  Tour NS/EW: 165 S / 447 W  Sold Dt: 01/05/2009 Sold Price: $227,000
 Tot Sq Ft: 2632
 Tot Beds: 5
 Tot Baths: 3.00
 Family Rms: 2
 Fireplace: 1
 Gar|Port: 0 | 2
Yr Built: 1974
Taxes: $1,248
Acres: 0.37
HOA Fee: $0
Under Cnst: No
Fin Bsmnt: 95%
 Exterior: Aluminum/Vinyl, Brick
 Lot Facts: Curb & Gutter, Fenced Part, Sidewalks, Sprinkler, Auto-Full, Terrain,Flat, View, Mtn
 Features & Info: Deck, Double Pane, Out Bldgs, Outdoor Lighting, Patio / Dishwasher, Disposal, Hardwood Floors, Kitchen-Second, Kitchen-Updated, Master Bath, Mother-in-Law Apt, Range Oven Free Std., Range-Gas
 Inclusions: Ceiling Fan, Dryer, Range, Range Hood, Refrigerator, Storage Sheds, Washer, Window Covers
Remarks: Wow! Updated, spacious home in great area with full mother-in-law apartment! Newer windows, furnace, a/c. Includes 2 washer/dryer sets, downstairs refrig, 2 FULL kitchens. Basement is walk-in with only 1 step. Great value/investment! Note BAC. EZ to Show!

Information deemed reliable but not guaranteed. Buyer to verify all information.

 

List Price: $239,900 MLS# 835478  Stat: Sold Ref # 33  
Address: 930 S 1590 W  Type: Single Family Style: Rambler/Ranch
City: Orem,   UT 84058  Project: SPRINGWATER PARK
Prop. Tour:  Tour NS/EW: 930 S / 1590 W  Sold Dt: 02/09/2009 Sold Price: $229,900
 Tot Sq Ft: 2175
 Tot Beds: 5
 Tot Baths: 3.00
 Family Rms: 2
 Fireplace: 0
 Gar|Port: 2 | 0
Yr Built: 1997
Taxes: $1,095
Acres: 0.19
HOA Fee: $0
Under Cnst: No
Fin Bsmnt: 100%
 Exterior: Aluminum/Vinyl, Brick
 Lot Facts: Cul-de-Sac, Fenced Part, Sidewalks, Sprinkler, Auto-Full
 Features & Info: Out Bldgs / Central Vacuum, Dishwasher, Disposal, Jetted Tub, Range Oven Built In, Vaulted Ceilings, Accessory Apt
 Inclusions: Ceiling Fan, Refrigerator, Storage Sheds
Remarks: Beautiful home in quiet Culdesac. Subsidize your house payment with a renter. This home has a legal accesory apartment. Similar homes in the area are getting $650 to $700 a month. Close to UVU. Includes Central Vac.

Information deemed reliable but not guaranteed. Buyer to verify all information.
List Price: $244,900 MLS# 847058  Stat: Sold Ref # 34  
Address: 171 N 170 E  Type: Single Family Style: Twin-Rambler/Ranch
City: Orem,   UT 84057  Project: EASTVIEW CONDOS
Prop. Tour:  Tour NS/EW: 171 N / 170 E  Sold Dt: 01/05/2009 Sold Price: $235,000
 Tot Sq Ft: 3050
 Tot Beds: 3
 Tot Baths: 3.00
 Family Rms: 2
 Fireplace: 1
 Gar|Port: 2 | 0
Yr Built: 1992
Taxes: $1,370
Acres: 0.01
HOA Fee: $91
Under Cnst: No
Fin Bsmnt: 100%
 Exterior: Aluminum/Vinyl, Brick
 Lot Facts: Cul-de-Sac, Curb & Gutter, Fenced Full, Paved Road, Sprinkler, Auto-Full, Terrain,Flat
 Features & Info: Double Pane, Patio / Closet-Walk-In, Den/Office, Dishwasher, Disposal, Gas Log, Kitchen-Second, Master Bath, Range Oven Free Std.
 Inclusions: Ceiling Fan, Dryer, Microwave, Range, Range Hood, Refrigerator, Washer
Remarks: Great location in the heart of Orem. This beautiful home is close to everything. Shopping, restaurants, the city park and library all just minutes away. Huge family room with kitchenette in basement and large room that would be perfect for a home theater.

Information deemed reliable but not guaranteed. Buyer to verify all information.

 

List Price: $249,900 MLS# 836678  Stat: Sold Ref # 35  
Address: 404 HEATHER RD  Type: Single Family Style: 2-Story Conventional
City: Orem,   UT 84097  Project: HEATHER RIDGE
Prop. Tour:  NA NS/EW: 1840 N / 404 E  Sold Dt: 01/07/2009 Sold Price: $232,100
 Tot Sq Ft: 2912
 Tot Beds: 5
 Tot Baths: 4.00
 Family Rms: 3
 Fireplace: 1
 Gar|Port: 2 | 0
Yr Built: 1984
Taxes: $1,480
Acres: 0.19
HOA Fee: $0
Under Cnst: No
Fin Bsmnt: 90%
 Exterior: Cedar/Redwood
 Lot Facts: Corner Lot, Curb & Gutter, Fenced Full, Paved Road, Secluded Yard, Sidewalks, Sprinkler, Auto-Full, Terrain, Hilly, View, Mtn, View, Valley
 Features & Info: Deck, Double Pane / Closet-Walk-In, Dishwasher, Disposal, Intercom, Oven-Wall, Range-Countertop, Vaulted Ceilings
 Inclusions:
Remarks: FOR SHOW INSTRUCTIONS AND KEYBOX CODE CLICK ON “VIEW AGENT REMARKS.” A Pre-Qual Letter or Proof of Funds MUST accompany ALL offers. 10.2 of REPC does not apply. Buyer/Buyer Broker to verify all info. Home sold AS IS.

Information deemed reliable but not guaranteed. Buyer to verify all information.
List Price: $249,900 MLS# 836811  Stat: Sold Ref # 36  
Address: 340 W 900 S  Type: Single Family Style: Rambler/Ranch
City: Orem,   UT 84058  Project: MELWOOD
Prop. Tour:  NA NS/EW: 900 S / 340 W  Sold Dt: 01/05/2009 Sold Price: $237,100
 Tot Sq Ft: 2752
 Tot Beds: 5
 Tot Baths: 3.00
 Family Rms: 1
 Fireplace: 2
 Gar|Port: 2 | 0
Yr Built: 1980
Taxes: $1,293
Acres: 0.19
HOA Fee: $0
Under Cnst: No
Fin Bsmnt: 90%
 Exterior: Aluminum/Vinyl, Brick
 Lot Facts: Corner Lot, Curb & Gutter, Fenced Full, Secluded Yard, Sidewalks, Sprinkler, Auto-Full, Terrain,Flat, View, Lake, View, Mtn, View, Valley
 Features & Info: Double Pane, Entry(Foyer), Outdoor Lighting, Patio, Sliding Glass / Dishwasher, Disposal, Hardwood Floors, Kitchen-Updated, Master Bath, Range Oven Free Std.
 Inclusions: Humidifier, Microwave, Range, Window Covers, Wood Stove
Remarks: Sharp Rambler with lots of upgrades. Beautiful 2 tone paint, hardwood floors, updated kitchen w/ granite counter tops, great carpet, gas fireplace, nice patio. Great Orem location. Walk to UVSC/Lakeridge Jr.

Information deemed reliable but not guaranteed. Buyer to verify all information.

 

List Price: $260,000 MLS# 829931  Stat: Sold Ref # 37  
Address: 353 E 1950 N  Type: Single Family Style: 2-Story Conventional
City: Orem,   UT 84057  Project: HEATHERIDGE
Prop. Tour:  Tour NS/EW: 1950 N / 353 E  Sold Dt: 01/30/2009 Sold Price: $260,000
 Tot Sq Ft: 3960
 Tot Beds: 7
 Tot Baths: 4.00
 Family Rms: 1
 Fireplace: 0
 Gar|Port: 2 | 0
Yr Built: 1989
Taxes: $1,762
Acres: 0.23
HOA Fee: $0
Under Cnst: No
Fin Bsmnt: 70%
 Exterior: Aluminum/Vinyl, Brick, Stone
 Lot Facts: Cul-de-Sac, Fenced Full, Sidewalks, Sprinkler, Auto-Full, Terrain, Grad Slope, View, Lake, View, Mtn, View, Valley, Wooded, Private Yard
 Features & Info: Bay/Box Windows, Entry(Foyer), Patio, Porch Open, Triple Pane / Central Vacuum, Closet-Walk-In, Den/Office, Dishwasher, Disposal, French Doors, Hardwood Floors, Laundry Chute, Range-Gas, Vaulted Ceilings
 Inclusions: Ceiling Fan, Microwave, Range, Window Covers
Remarks: Granite kitchen, newer roof. Oak floors & cabinets. Triple pain windows, R-bsmt, Fm rm & kitchen. Formal living & dining w/ French doors. View of lake & Mtns. Beautiful surroundings. Subject to 3rd party approval. See agent remarks.

Information deemed reliable but not guaranteed. Buyer to verify all information.
List Price: $260,000 MLS# 830043  Stat: Sold Ref # 38  
Address: 1763 N MOOR LN  Type: Single Family Style: Rambler/Ranch
City: Orem,   UT 84057  Project:
Prop. Tour:  Tour NS/EW: 1763 N / 350 E  Sold Dt: 01/30/2009 Sold Price: $250,000
 Tot Sq Ft: 2400
 Tot Beds: 4
 Tot Baths: 3.00
 Family Rms: 2
 Fireplace: 1
 Gar|Port: 2 | 0
Yr Built: 1988
Taxes: $1,231
Acres: 0.19
HOA Fee: $0
Under Cnst: No
Fin Bsmnt: 100%
 Exterior: Brick
 Lot Facts: Curb & Gutter, Fenced Part, Sidewalks, Sprinkler, Auto-Full, Terrain,Flat
 Features & Info: Deck, Double Pane, Outdoor Lighting, Patio, Porch Open / Closet-Walk-In, Dishwasher, Disposal, Jetted Tub, Kitchen-Updated, Laundry Chute, Master Bath, Range Oven Built In
 Inclusions: Ceiling Fan, Fireplace Insert, Microwave, Range, Range Hood, Refrigerator, Satellite Dish
Remarks: This Orem rambler has been competley remodeled with much thoughtfullness and charm. Excellent neighborhood w/ great schools; all within walking distance. Jetted tub in master suite. Mature fruit trees. Oversized garage with workshop. PRIDE OF OWNERSHIP!!

Information deemed reliable but not guaranteed. Buyer to verify all information.

 

List Price: $278,900 MLS# 793407  Stat: Sold Ref # 39  
Address: 287 E 1200 N  Type: Single Family Style: Rambler/Ranch
City: Orem,   UT 84057  Project:
Prop. Tour:  Tour NS/EW: 1200 N / 287 E  Sold Dt: 01/15/2009 Sold Price: $259,000
 Tot Sq Ft: 3666
 Tot Beds: 5
 Tot Baths: 4.00
 Family Rms: 0
 Fireplace: 1
 Gar|Port: 2 | 0
Yr Built: 1969
Taxes: $1,596
Acres: 0.39
HOA Fee: $0
Under Cnst: No
Fin Bsmnt: 100%
 Exterior: Brick
 Lot Facts: Additional Land Available, Curb & Gutter, Fenced Full, Secluded Yard, Sprinkler, Auto-Full, Terrain,Flat, View, Mtn
 Features & Info: Outdoor Lighting, Patio, Porch Open, Sliding Glass / Den/Office, Dishwasher, Disposal, Gas Log, Master Bath, Oven-Wall, Range-Countertop
 Inclusions:
Remarks: Well built rambler with large gathering rooms, master suite, walk out to beautiful professionally landscaped yard. Gas log, wood burning stove, fully finished basement w/entrance. Office w/built in shelves. New AC/Furnace. Hurry bring the family!
List Price: $329,900 MLS# 820320  Stat: Sold Ref # 40  
Address: 1132 E 200 N  Type: Single Family Style: 2-Story Modern
City: Orem,   UT 84097  Project: BRETON WOODS SUB.
Prop. Tour:  Tour NS/EW: 200 N / 1132 E  Sold Dt: 12/31/2008 Sold Price: $325,000
 Tot Sq Ft: 3224
 Tot Beds: 5
 Tot Baths: 4.00
 Family Rms: 3
 Fireplace: 2
 Gar|Port: 2 | 0
Yr Built: 1984
Taxes: $1,638
Acres: 0.20
HOA Fee: $0
Under Cnst: No
Fin Bsmnt: 80%
 Exterior: Aluminum/Vinyl, Brick
 Lot Facts: Curb & Gutter, Fenced Full, Paved Road, Secluded Yard, Sidewalks, Sprinkler, Auto-Full, Terrain,Flat, View, Mtn
 Features & Info: Bay/Box Windows, Double Pane, Outdoor Lighting, Patio, Porch Open / Den/Office, Dishwasher, Disposal, Formal Dining, Gas Log, Jetted Tub, Kitchen-Updated, Master Bath, Vaulted Ceilings
 Inclusions: Ceiling Fan, DishWasher, Dryer, Range, Refrigerator, Window Covers
Remarks: Palisade area; apprsd 354,000; plant. shutters; beadboard; sunny; 19-ft loft; new light fixt., doorknobs, furnace, AC, w. heater, dishwasher, garage opener; safe street; private yard.

 

List Price: $375,000 MLS# 841442  Stat: Sold Ref # 41  
Address: 124 W WESTVIEW DR  Type: Single Family Style: 2-Story Conventional
City: Orem,   UT 84058  Project: LAKEVIEW
Prop. Tour:  Tour NS/EW: 1925 S / 124 W  Sold Dt: 01/26/2009 Sold Price: $375,000
 Tot Sq Ft: 4710
 Tot Beds: 6
 Tot Baths: 4.00
 Family Rms: 2
 Fireplace: 1
 Gar|Port: 2 | 0
Yr Built: 1984
Taxes: $2,280
Acres: 0.28
HOA Fee: $0
Under Cnst: No
Fin Bsmnt: 100%
 Exterior: Brick
 Lot Facts: Curb & Gutter, Fenced Full, Paved Road, Secluded Yard, Sidewalks, Sprinkler, Auto-Full, Terrain, Grad Slope
 Features & Info: Animals Permitted, Attic Fan, Bay/Box Windows, Double Pane, Entry(Foyer), Out Bldgs, Outdoor Lighting, Patio, Porch Open / Central Vacuum, Closet-Walk-In, Den/Office, Dishwasher, Disposal, Formal Dining, Master Bath, Oven-Double, Oven-Gas, Oven-Wall
 Inclusions: Basketball Std, Ceiling Fan, Dog Run, Microwave, Range, Range Hood, Storage Sheds, Swing Set, TV Antenna, Water Soft Own, Window Covers
Remarks: Price reduced 60 THOUSAND DOLLARS until December 20 only. Owner transfered and wants FAST sale!!! NOT A SHORT SALE! Home is flawless must see ez to show call mark or jen then use keybox.

 
List Price: $500,000 MLS# 837657  Stat: Sold Ref # 42  
Address: 367 W CARRIAGE CIR  Type: Single Family Style: 2-Story Conventional
City: Orem,   UT 84058  Project:
Prop. Tour:  Tour NS/EW: 1750 S / 367 W  Sold Dt: 01/27/2009 Sold Price: $469,500
 Tot Sq Ft: 5500
 Tot Beds: 7
 Tot Baths: 5.00
 Family Rms: 4
 Fireplace: 2
 Gar|Port: 3 | 0
Yr Built: 1996
Taxes: $2,866
Acres: 0.36
HOA Fee: $0
Under Cnst: No
Fin Bsmnt: 100%
 Exterior: Brick, Stucco
 Lot Facts: Cul-de-Sac, Curb & Gutter, Sprinkler, Auto-Full, Terrain, Grad Slope, View, Lake
 Features & Info: Deck, Double Pane, Skylights / Bath-Sep Tub/Shower, Closet-Walk-In, Den/Office, Dishwasher, Disposal, Formal Dining, Intercom, Jetted Tub, Kitchen-Second, Master Bath, Mother-in-Law Apt, Vaulted Ceilings
 Inclusions: Alarm System, Basketball Std, Ceiling Fan, Microwave, Range, Range Hood, Refrigerator, Satellite Equip, Satellite Dish
Remarks: Majestic! & Located In A Quiet Circle,Features A Huge Master Suite,2 Kitchens, Conditions 9.5, Stunning Kitchen Designed For Entertaining,Vaulted 2.5 Story Entry With Grand Stairs,Formal Living & Dining,Guest Quarters&MIL Apt.,Furniture Avlble.BringOffers

Information deemed reliable but not guaranteed. Buyer to verify all information.

 

List Price: $700,000 MLS# 827026  Stat: Sold Ref # 43  
Address: 1458 N 430 E  Type: Single Family Style: Rambler/Ranch
City: Orem,   UT 84097  Project: OLD ORCHARD ESTATES
Prop. Tour:  NA NS/EW: 1458 N / 430 E  Sold Dt: 02/02/2009 Sold Price: $625,000
 Tot Sq Ft: 7524
 Tot Beds: 4
 Tot Baths: 4.00
 Family Rms: 2
 Fireplace: 3
 Gar|Port: 3 | 0
Yr Built: 1995
Taxes: $1
Acres: 0.94
HOA Fee: $0
Under Cnst: No
Fin Bsmnt: 100%
 Exterior: Brick
 Lot Facts: Cul-de-Sac, Curb & Gutter, Paved Road, Sidewalks
 Features & Info: Animals Permitted, Bay/Box Windows, Outdoor Lighting, Patio Covered / Bath-Sep Tub/Shower, Closet-Walk-In, Den/Office, Dishwasher, Disposal, Formal Dining, Gas Log, Hardwood Floors, Jetted Tub, Kitchen-Second, Master Bath
 Inclusions:
Remarks: Short-Sale*Remarkable Neighborhood*Peaceful Setting on .93 Acre with Swimming Pool*Entertainer’s Delight*Main Floor Master Suite*Buyer to Verify All Info*See Agent Remarks.
List Price: $1,000,000 MLS# 847791  Stat: Sold Ref # 44  
Address: 1139 N ASHBY PL  Type: Single Family Style: 2-Story Conventional
City: Orem,   UT 84097  Project: COVE EAST
Prop. Tour:  NA NS/EW: 1139 N / 1450 E  Sold Dt: 02/03/2009 Sold Price: $1,070,000
 Tot Sq Ft: 8362
 Tot Beds: 7
 Tot Baths: 5.00
 Family Rms: 2
 Fireplace: 3
 Gar|Port: 4 | 0
Yr Built: 2007
Taxes: $2,528
Acres: 0.58
HOA Fee: $0
Under Cnst: No
Fin Bsmnt: 100%
 Exterior: Stone, Stucco
 Lot Facts: Cul-de-Sac, Curb & Gutter, Paved Road, Sidewalks, Sprinkler, Auto-Full, Terrain,Flat, View, Lake, View, Mtn, View, Valley, See Remarks
 Features & Info: Animals Permitted, Bay/Box Windows, Deck, Double Pane, Entry(Foyer), Outdoor Lighting, Patio, Patio Covered, Porch Open, Sliding Glass, See Remarks / Bar Wet, Bath-Sep Tub/Shower, Central Vacuum, Closet-Walk-In, Den/Office, Dishwasher, Disposal, Formal Dining, French Doors, Gas Log, Hardwood Floors, Intercom, Jetted Tub, Kitchen-Second, Master Bath, Oven-Double, Oven-Gas, Range Oven Built In, Range Oven Free Std., Range-Gas, Vaulted Ceilings, See Remarks
 Inclusions: Alarm System, Window Covers
Remarks: SHORT SALE SUBJECT TO 3TH PARTY APPROVAL. WONDERFUL HOME IN EXCLUSIVE OREM AREA, GREAT KITCHEN, SUPER DETAIL THROUGHOUT, BEAUTIFULLY & PROFESSIONALLY LANDSCAPED, 2 GREAT ROOMS, LOTS OF UPGRADES, PLAY & FITNESS ROOMS.THEATER EQUIPMENT IS EXCLUDED.





December 22, 2008

Police Officer Recommendation

I was showing a Police Officer and his wife some homes recently.  It gets dark early this time of year so it was dark when we were looking.  This policeman told me he was happy that it was night because he said that you can better judge a neighborhood by the activity that goes on after dark. 

That made sense to me.  He told me that I should recommend to any potential buyer that if they are interested in a property, they should visit the neighborhood at night before making a final decision. 

That may be something you want to think about.

Filed under: Blogroll, Buying, Community, Real Estate, Renting, Selling — Susan @ 3:44 am




November 14, 2008

Notice of Default? Don’t Give Up!

Foreclosures are up across the country.  Utah usually ranks higher than average in foreclosure rates.  At this time, we have moved closer to the bottom.  That is good news.  That means that the rest of the country is experiencing higher foreclosure rates than normal but Utah’s rate has remained steady.  This shows that we are not being affected by the same problems plaguing the rest of the nation.   While I am not saying that we are doing well in foreclosure rates, I believe our problems are based on some other phenomenon than the current “mortgage crisis”.

 However, I am concerned with the way people react when they do  receive that “Notice of Default”.   Too many people do not realize they still have options and give up.   They start packing up and walk away without trying to keep their home.  This is a mistake.  Many homeowners do not have to lose their homes just because they have received a Notice of Default. 

Having a foreclosure on your credit report can be devastating.  It takes years to repair.  If you can successfully sell your home before the bank takes it over, you can save yourself years of touble and heartache.   Once you have received the Notice of Default, you typically have about 90 days to remedy the situation.  Banks are foreclosing so many homes at this time that you may have even more time to find an better solution than foreclosure.  Options may include selling the home, short sale, defer payments, etc.  

If you have received a Notice of Default, don’t waste time.  Call a professional and find out what your options are.  I would be happy to  offer any suggestions and help you get in contact with those that may be able to help.  Feel free to call me. 

Filed under: Blogroll, Buying, Community, Credit & Finances, Real Estate, Renting, Selling — Susan @ 10:54 am




November 3, 2008

A New Way of Doing Things; Are You Ready?

I wrote a while ago about impending changes in the Real Estate Purchase Contract (REPC).  In spite of my efforts and the efforts of a few other diligent agents in my office, we were not able to convince the Utah Division of Real Estate to leave section 10.2 in the  REPC.  10.2 is the section that outlines the warranties that the seller agrees to. 

The new REPC has been approved and will be the only REPC licensed agents will be allowed to use starting in January.  CENTURY 21 Bushnell is a great office that cares about it’s agent’s abilitly to represent their clients with the highest professionalism.  Because of this concern, we have been spending time in our sales meetings since the adoption of the new contract, going over the changes so we will be informed and ready. 

Most offices in Utah County do not even have sales meetings anymore.  CENTURY 21 Bushnell holds sales meeting weekly and I think it is an invaluable tool for us to stay in touch and keep up on the latest news and issues concerning the market; making us better prepared to best represent our clients.  It is also when we tour the newest listings of our agents making all the agents in the office more familiar with the homes.  This gives our sellers an advantage over selllers that list with agents that do not have office tours. 

Section 10.2 stated that the seller warranted the property to be broom-clean, free of debris and personal belongings, the heating, cooling, electrical, plumbing and sprinkler systems, fixtures, appliances, fireplaces will be working and fit for their intended purpose on the date the seller delivers physical possession to the buyer.  The roof and foundation to be free of leaks known to the seller, etc. 

The old REPC outlined that if the buyer discovered problems with the home, he/she had seven days with which to negotiate a solution with the seller.  Now, there is just a Buyer Due Diligence Deadline.  The buyer will have to do all his evaluations and inspections and negotiating by that date, period. 

The changes to the REPC are all things that we will get used to, but in the meantime, make sure you choose an agent that is prepared to handle the changes and can help you wade through some of the new ways of getting through a transaction without getting burned. 

I have been amazed at the number of agents that didn’t know the old REPC even though it has been used for years.  I have lost count of the times I had to tell the agent on the other side of my deals, “Well, it says in the REPC that…”

It sometimes seems that not all agents have their client’s best interest at heart.  I pride myself on maintaining the highest standard of exellency that I can.  The designations that I have earned are proof of my dedication to do what is best for my clients and help them accomplish their goal with the least amount of trouble and stress possible. 

Please give me a call if you are planning to buy or sell in the future.  I would love to talk to you about my services. 

 

 

Filed under: Blogroll, Buying, Real Estate, Renting — Susan @ 7:16 am




October 13, 2008

Do You Really Want to Sell Your House?

I had a buyer recently that met with me on a Friday and wanted to see homes on the following Wed.  I searched the MLS all weekend looking for homes that fit his needs and started calling for appointments on Monday morning. 

I found 9 homes that fit the criteria.  I called all 9 agents. 

3 agents answered their phones the first attempt.  3 told me to plan on showing their listings at my desired time.  If they found it to be a problem, they would call me.  This is always a good strategy for agents who represent sellers that are serious about selling their home.

2 called me back within a short time,  1 of those told me to plan on showing their listing at my desired time.  The other one said that my desired time was too hard for both the sellers and the agent because they all worked, and could we come at 5:00? 

“No, we can’t come at 5:00.”  My client is from, not only out of town, but out of the country.  I was scheduling 2 days= 48 hours, in advance at a time that worked with his tight schedule.  Why was there not a keybox on the home?  Is the seller not motivated enough to sell to allow a keybox on the home?  Or, is the agent not committed to this career enough to invest in a keybox for his/her listings? I don’t know what the reason was in this case, but I took that home off the schedule because there were enough other homes to see that were trying harder to “get sold”.

Selling a home can be an inconvenience but putting up with the inconvenience is worth it in the end when that buyer puts an offer on your home instead of the one they could not get in to see.

The most surprising thing about this is that 4 agents did not even bother to call me back even though they had a 2 day time window.  I feel bad for these sellers who are never going to get their home sold if their agents wont make appointments for showings. 

            BUYERS DO NOT PUT OFFERS ON HOMES THEY CAN’T SEE!

Story continues:  One of the homes was exceptionally promising.  This agent was one that answered right away.  I asked to preview the home the day before as well as show it at our planned time.  He said that would be fine.  I went by at the scheduled time and the people were leaving.  They said they were late for an appt. so could not let me see the home.  I asked if I could come back later and they told me to come back in 2 hours.  They called a few minutes before and postponed again another 2 hours.  I showed up 3:30 and they walked me through.  It was a mess.  (If you want a luxury home price, you need to look like a luxury home.)  They made sure to let me know they needed a lot of time to move out, so a quick closing was out of the question. 

Anyway, after all this run around and feeling like these sellers were not motivated to sell. I finally verified that I was bringing my client by the next morning. 

They said, “No! We have been told not to show the home.” 

I thought that was very strange so I called the agent when I left.  He told me they were tenants.  That explained a lot and I wish I had known that before I wasted all day trying to preview it.  

If you are renting a home that is listed for sale, understand that many tenants will do all they can to sabotage a sale.

The point of this post is to make sellers aware of some of the most common mistakes that other sellers make. 

1.  Choose an agent that will answer his/her phone and make appointments to show your home.
2.  Let your agent put a keybox on your home and allow buyers to come through it when you are not home.
3.  Be flexible when you show it.  The more buyers that come through, the better the chance of getting an offer. 
4.  Keep your house clean when it is being shown.
5.  Don’t have renters in a home you need to sell unless you explain to them that the buyer will have to honor the lease if sold or offer them an incentive to be cooperative. 
6.  Don’t waste your time trying to sell if you are not motivated to do so. 

Taking these few things under consideration will give you an edge in a market that is very competitive at the moment.   

 

Filed under: Blogroll, Buying, Luxury Home Market, Real Estate, Renting, Selling — Susan @ 11:06 am




May 30, 2008

Apartments and Zoning

 

I have been attending the agent tour sponsored by the Utah County Association of REALTORS® the last few weeks.  One of the tours sparked my recent post on “Legal Accessory Apartments”
As I continue to attend week after week, I hear the same story.   There seem to be homes on tour each week that have mother-in-law apartments.  It is becoming apparent to me that the sellers of some of these homes are illegally renting out their mother-in-law apartments to non-related tenants. 

Anyway, the thing that amuses me the most about this situation is the agents that list them.  I have overheard some, not all, but some agents discussing the best way to advertise these listings.   They actually seem to be looking for a way to get the word out that a buyer can purchase this listing and benefit from this illegal use if desired, without saying so… since that would be illegal.  

There is no legal way to advertise that you can legally do something illegal.   

 

I jumped into one conversation and defined the different types of apartments and discussed the zoning laws of our area.  I was surprised to find that these agents did not understand this already.  I got the sense that they were not purposely trying to be unlawful, they just did not have an adequate understanding of the  complexities of some our zoning laws.  That excuse will not, however, prevent them from getting sued or from finding themselves in legal trouble.  

On these tours, we gather in one place and discuss the homes we are about to see.  I heard one agent say of his listing,  “This home has an apartment that rents for $XXX amount.” 

Another agent then asked, “Oh, is it a legal duplex or a legal accessory apartment?” 

The first agent answered, “It is a non-conforming apartment.” 

No!!!  It was a mother-in-law apartment that was illegally being rented out to non-related tenants.  Maybe the homeowner is not conforming to the laws but that is not the definition of a “Non-Conforming Apartment”.  I think that people need to learn the zoning laws and definitions of their area.  I especially think that agents need to make it a point to understand these things.  Ignorance of the law will not prevent homeowners from being prosecuted and will not prevent an agent from losing his/her license. 

 

     NON-CONFORMING USE:
     The occupation and use of a property in a way which is contrary to the zoning regulations for
     that property. A Legal Non-conforming Use is one where the non-conforming use pre-dates a
     current change in zoning law for the area.  As long as the non-conforming use is continued,
     it is legal.  (example:  A home was converted into a legal duplex in 1960 but in 1990, the city
     zoned the area as a single family dwelling area only.  The duplex can remain a legal duplex as
     long as it continues as such without more than a 6 month (in most cases) break of that use. 
     It is  considered a Legal, Non-Conforming duplex meaning that is is legal even though it does
     not conform with current surrounding zoning laws. 

Filed under: Buying, Community, Real Estate, Renting, Selling — Susan @ 10:45 am




May 14, 2008

Apartment Definitions

Mother-in-law Apartment:   Usually when a home has a 2nd kitchen in the basement, people will call it a “mother-in-law” apartment.   You must live in the home and you must only allow people to live in it if they are related to you.  You may collect rent but again, they must be related to you. 

Legal Accessory Apartment:  To be a home with a legal accessory apartment, the city must approve it.  It must be zoned as a legal accessory apartment.  You may rent to anyone, not just relatives.  You must live in the home.  Typically, the homeowner will live upstairs and have renters in the basement. 

Duplex:  A duplex is one building with 2 living spaces in it.  It can be a side-by-side duplex or an up-and-down duplex, meaning that there is an apartment in the basement.  In our area, up-and-down duplexes are most common.  You may rent to anyone and you do not have to live in the home to rent out both units. 

Legal Non-Conforming:  Legal non-conforming means the property’s use does not conform with the current zoning law for it’s area.  It is legal, however, because the use pre-dated the change in zoning.  It remains legal as long as there is not a substantial break in that use.  (typically 6 months).

Non-Conforming:  This means that the property is not being used in accordance to the laws for the area.  It may be punishable if discovered by the proper authorities. 

 There is a lot of confusion on these definitions.  People do not understand that just because there is a second kitchen and a separate entrance you cannot legally rent it out.  There are laws concerning this matter.  If you desire to buy a home with a second kitchen and plan to rent it out, you should call the city in question and find out what your options are.  Too many people do not and eventually find themselves in legal trouble because they disregarded the law.   If you somehow beat the odds and do not get caught, it is still just as illegal and it does not speak highly of your integrity. 

I once listed a home that had a second kitchen and all the components that one might consider an apartment.  I called the city to verify the zoning (required to disclose zoning in Provo) and I was told that the kitchen had been built without proper permits so I as the REALTOR®, could not advertise this home as anything other than a home with a second kitchen.  Not even a “mother-in-law”.  So you see, it is important to understand these definitions so you do not find yourself unknowingly breaking the law. 

Filed under: Blogroll, Buying, Community, Real Estate, Renting, Selling — Susan @ 4:36 am




May 10, 2008

Legal Accessory Apartments

I have a listing in Provo right now that has been an investment property for a long time.  It has traditionally been rented out to 6 single males.  To those not familiar with “BYU approved housing”, it may seem strange that a home is zoned by who it can be rented to.   Welcome to Utah County, specifically, Provo.   Since I have been in this business, it sometimes seems that there is a constant battle between the Provo City Zoning Commission and the Utah County Association of REALTORS® along with the Utah Association of REALTORS®.  Occasionally it feels like the Provo Zoning Commission (and sometimes the BYU Housing Dept. ) are doing their best to take away as many rights of the property owners in Provo as they can. 

One illustration of this is that there is a neighborhood where the homes are older and smaller so most homeowners have elected to convert the single car garage into a third bedroom or family room.  Provo City passed an ordinance stating that people in this neighborhood could not park their cars in the driveway or within 6 blocks of their home.  I do not know how this ordinance came about but now, even though it is not actually enforced, almost every homeowner in that area is in violation of the City ordinance.   

Anyway, I have had a lot of calls on this home in Provo.  Everyone wants to know if it is a legal duplex.  It is not so the next question is,  “Can it be converted into a duplex?” 
This is hard for me because when I answer correctly, “no,”  I get an argument every time.   Everyone seems to think that if you buy a home, you should have the right to convert it into a duplex.    Well, maybe we have an innate sense that this should be a right we possess but somehow our elected officials do not agree and being elected, we have somehow missed the boat when we cast our votes.  Few cities, at least in Utah County, allow you, even though you own the home, to convert it into a duplex. 

I know in Orem, the city, a few years ago, gave homeowners a time frame in which to register their homes with existing apartments to be legal or to add an apartment in their home.   Once that time frame expired, it is my impression that no one can legally add an apartment.  You can verify with your particular city’s zoning department to see if I am right or wrong and you definitely should check if you plan to add an apartment. 

Many people add an apartment anyway for many reasons.  If you do convert your home to have a space which could be used as a separate living space, the person living in that space must be related to you.  It is generally called a “mother-in-law apt.”  Even this is illegal if you did not convert the space with proper building permits etc.  Many people elect to disregard the law and rent their mother-in-law apartments to non-related people.  This is a risk as you are breaking the law.  Belief that a law is stupid is not a very good defense in court. 

So, concerning my listing in Provo, it is not a legal duplex.  Yes, structurally, I believe it could be converted into a duplex or a mother-in-law apartment but good luck convincing Provo City that you have the right to do so legally. 

Filed under: Blogroll, Buying, Community, Personal, Real Estate, Renting, Selling — Susan @ 3:01 pm




April 30, 2008

Buy Before the Feeding Frenzy

feeding-frenzy-sharks-resize.JPG

I have heard several buyers in our area say that are sitting on the fence, wanting to buy a home but feeling that they should wait.  I am not really sure what they are waiting for… the market to swing back to a “seller’s market”?  The number of listings on the market to get back to normal levels so there is less to choose from?   Appreciation rates to get into double digits again so they can pay even more for a home?  This is a great time to buy a home, not to wait! 

About a year ago, there were not enough listings on the market to accomodate the amount of buyers that wanted desparately to find a home.   Competition was forcing buyers to make offers higher than the listed price in hopes of beating out the other 4 offers on a home within days, sometimes even hours of showing up on the MLS or For Sale sign being planted in the yard.   Prices were being driven up by the buyer’s willingness to pay increasing amounts to own a home. 

As a REALTOR® that is also a diver, I like the analogy of sharks in a feeding frenzy.  Sharks are usually calm, supposedly even picky, when they have to hunt for their next meal.   They placidly swim around looking for food, “tasting” humans then leaving them, once tasted, in search of something more tasty.  ( I am being a little sarcastic and will now have to do a future blog post to explain my opinion on this subject)  But, when someone starts chumming the water…easy food.  Suddenly sharks start turning up out of no where, fighting for food, they dart here and there, biting anything that gets in their way as if their lives depend on this “once in a lifetime opportunity” to gulp down a few chunks of rotten fish. 

Last year, buyers were like sharks in a feeding frenzy.  Prices were up, appreciation rates were getting out of control, listings were down so there were few to choose from.  Buyers were frantically buying homes they did not really like, yet, paying more for them. 

Now, appreciation rates have stabilized, there are more than the average number of listings on the market so buyers can be pickier about which homes they buy, sellers are more willing to negotiate on price, FHA has increased their limits ($323,750 in Utah County and $729,750 in Salt Lake County), and rents are increasing.  These are all good reasons to buy, NOW! 

Rents in our area are going up.   Instead of causing a demand for homes to buy, waiting buyers are causing a demand for units to rent and that is driving up rental prices.   Utah County has experienced a 15.9% rental increase over the past year.   This is the best time to buy the home you want.   The only way some buyers are going to recognize that this really is a good time to buy is after it is too late.  They just wont recognize the signs until the water is already muddled up with all the chum. 

Filed under: Blogroll, Buying, Community, Credit & Finances, Real Estate, Renting, Selling — Susan @ 6:00 am




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