Here is another report from the MLS. Notice the list price vs. the sold price. It is good to see a picture of the homes.

From Susan Jackson, ABR, CRS, GRI 801-367-8214
List Price: $129,900	MLS# 843531	Stat: Sold	Ref # 1
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.

From Susan Jackson, ABR, CRS, GRI 801-367-8214
List Price: $131,900	MLS# 830955	Stat: Sold	Ref # 2
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.

From Susan Jackson, ABR, CRS, GRI 801-367-8214
List Price: $160,000	MLS# 829007	Stat: Sold	Ref # 3
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.

From Susan Jackson, ABR, CRS, GRI 801-367-8214
List Price: $179,900	MLS# 860019	Stat: Sold	Ref # 4
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.

From Susan Jackson, ABR, CRS, GRI 801-367-8214
List Price: $184,900	MLS# 846067	Stat: Sold	Ref # 5
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.

From Susan Jackson, ABR, CRS, GRI 801-367-8214
List Price: $190,000	MLS# 837853	Stat: Sold	Ref # 6
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.

From Susan Jackson, ABR, CRS, GRI 801-367-8214
List Price: $205,900	MLS# 840770	Stat: Sold	Ref # 7
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.

From Susan Jackson, ABR, CRS, GRI 801-367-8214
List Price: $209,900	MLS# 841162	Stat: Sold	Ref # 8
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.

From Susan Jackson, ABR, CRS, GRI 801-367-8214
List Price: $214,900	MLS# 794982	Stat: Sold	Ref # 9
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.

From Susan Jackson, ABR, CRS, GRI 801-367-8214
List Price: $222,000	MLS# 797600	Stat: Sold	Ref # 10
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.

From Susan Jackson, ABR, CRS, GRI 801-367-8214
List Price: $222,500	MLS# 844657	Stat: Sold	Ref # 11
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.

From Susan Jackson, ABR, CRS, GRI 801-367-8214
List Price: $224,900	MLS# 830391	Stat: Sold	Ref # 12
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.

From Susan Jackson, ABR, CRS, GRI 801-367-8214
List Price: $229,500	MLS# 847419	Stat: Sold	Ref # 13
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.

From Susan Jackson, ABR, CRS, GRI 801-367-8214
List Price: $229,900	MLS# 837462	Stat: Sold	Ref # 14
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.

From Susan Jackson, ABR, CRS, GRI 801-367-8214
List Price: $244,900	MLS# 847058	Stat: Sold	Ref # 15
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.

From Susan Jackson, ABR, CRS, GRI 801-367-8214
List Price: $249,900	MLS# 836678	Stat: Sold	Ref # 16
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.

From Susan Jackson, ABR, CRS, GRI 801-367-8214
List Price: $249,900	MLS# 836811	Stat: Sold	Ref # 17
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.

From Susan Jackson, ABR, CRS, GRI 801-367-8214
List Price: $278,900	MLS# 793407	Stat: Sold	Ref # 18
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!
Information deemed reliable but not guaranteed. Buyer to verify all information.

From Susan Jackson, ABR, CRS, GRI 801-367-8214
List Price: $375,000	MLS# 841442	Stat: Sold	Ref # 19
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.
Information deemed reliable but not guaranteed. Buyer to verify all information.

From Susan Jackson, ABR, CRS, GRI 801-367-8214
List Price: $500,000	MLS# 837657	Stat: Sold	Ref # 20
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.

Settlement shall take place no later than the Settlement Deadline referenced in       Section 24(d), or as otherwise mutually agreed by Buyer and Seller in writing. “Settlement” shall occur only when all of the following have been completed: (a) Buyer and Seller have signed and delivered to each other or to the escrow/closing office all documents required by the REPC, by the Lender, by the title insurance and escrow/closing offices, by written escrow instructions (including any split closing instructions, if applicable), or by applicable law; (b) any monies required to be paid by Buyer or Seller under these documents (except for the proceeds of any new loan) have been delivered by Buyer or Seller to the other party, or to the escrow/closing office, in the form of cash, wire transfer, cashier’s check, or other form acceptable to the escrow/closing office.

          3.5 Closing.

                    For purposes of the REPC, “Closing” means that: (a) Settlement has been completed; (b) the proceeds of any new loan have been delivered by the Lender to Seller or to the escrow/closing office; and (c) the applicable Closing documents have been recorded in the office of the county recorder. The actions described in 3.5 (b) and (c) shall be completed within four calendar days after Settlement.

If you are planning to submit an offer on a short sale home, your agent should give you an “Understanding Short Sales” disclosure form. I have included a copy of the form below because it is a good explanation of the process. It is important to understand what you are getting into.

UNDERSTANDING SHORT SALES

THIS FORM is provided by ___________________(Your Real Estate Company). The following is an explanation regarding some of the practical and legal issues involved in Short Sales.

1. SHORT−SALE DEFINED. The term “Short Sale” is used in the real estate business to describe a situation where there is more debt owing against a property than the property is worth. In other words, the owner can’t sell the property unless the creditors (”Third Parties”) agree to accept a payment that is less (or “short”) of the amounts actually owed to those Third Parties. The Third Parties are usually mortgage lenders, mortgage insurers, bankruptcy trustees, and federal, state and local taxing authorities (such as the IRS or State Tax Commission).

2. NO BINDING CONTRACT WITHOUT THIRD PARTY APPROVAL. A Short Sale requires the written approval of the Third Parties. Consequently, the owner of the property, and any interested buyer, are advised that even if they reach an agreement between themselves for the purchase and sale of the property, that agreement will not be binding until the Third Parties approve the terms of the Short Sale.

3. THIRD PARTY REJECTION OR CHANGES TO PROPOSED SHORT SALE. Based upon the obvious financial loss, Third Parties will often reject a proposed Short Sale. If however, the Third Parties do not reject the proposed Short Sale, they will usually send to the owner a list of requested changes to the proposed purchase contract. Some of those changes will affect the owner; and others may affect the interested buyer. For example, the Third Parties may require that the property be sold in “As−Is” condition. Also the Third Parties will normally not permit the owner to pay for any of the buyer’s closings costs, repairs, etc. The owner and the interested buyer are not obligated to accept any of the changes requested by the Third Parties – in which case, there will be no Short Sale. If however, the owner, the interested buyer, and the Third Parties reach a written agreement with each other, then, at that point, the Short Sale transaction may proceed to closing.

4. DELAYS IN RESPONSE FROM THE THIRD PARTIES. Most purchase contracts for Short Sales impose a deadline for written approval by the Third Parties. As a practical matter, the third parties rarely meet that deadline. THE OWNER AND THE INTERESTED BUYER SHOULD BE PREPARED FOR SIGNIFICANT DELAYS IN RECEIVING ANY RESPONSE FROM THE THIRD PARTIES.

5. RIGHT OF THIRD PARTIES TO ENCOURAGE ADDITIONAL OFFERS. As a condition of considering any proposed Short Sale, the Third Parties will usually require that the owner keep the property on the market, even after the owner and the interested buyer have agreed to the terms of a proposed purchase contract. As a reminder, the Third Parties are being requested to accept payment that is less than what is owed to them. Under those circumstances the Third Parties want to obtain the highest possible price for the property. Therefore, it is to their advantage to require the owner to keep the property on the market, and to promptly submit to the Third Parties any additional purchase offers that the owner may receive from other interested buyers. THE OWNER AND THE INTERESTED BUYER SHOULD UNDERSTAND THAT THE THIRD PARTIES MAY NOT EVEN RESPOND TO A PROPOSED SHORT SALE TRANSACTION UNTIL THEY HAVE HAD AN OPPORTUNITY TO COMPARE THAT OFFER WITH OTHER PURCHASE OFFERS. THAT PROCESS MAY ALSO RESULT IN SIGNIFICANT DELAYS FOR ALL PARTIES.

6. RIGHT OF BUYER TO CANCEL. As provided in paragraph 5 above, the owner will usually be required by the Third Parties to continue to market the property even after the owner and the interested buyer have entered into a purchase agreement. Based upon that requirement, the owner and the interested buyer are also advised that until the owner, the interested buyer, and the Third Parties reach a written agreement, the interested buyer may cancel the proposed Short Sale transaction for any reason, or for no reason, by providing written notice to the Seller.

I am amazed at the number of listings listed as “Short Sales” right now. Another term is “Subject to Third Party Approval.” Many people don’t know what a Short Sale is and mistake them for Bank Owned properties. I think in most cases, a short sale means the seller cannot get full value out of their home for one reason or another but really needs to sell.  

I believe the reason for our large numbers of short sales listings right now is probably that appreciation rates were so high for a while and Lenders were loaning at higher values in anticipation of continued appreciation. The appreciation rates slowed down, leaving many of these homes with loans in amounts that never materialized in actual value.

A Short Sale means the home is listed on the MLS at a lower price than is owed on the home. If the lower price tempts a buyer to make an offer, the low offer is submitted to the Lender with the proper forms and proof that the seller really needs to sell or they will default on their loan etc.

The Lender then goes through a long and drawn-out process, including determining what a fair market value would be, to determine what they intend to do. They will usually come back with a price they will accept, which is typically higher than the original offer but lower than the original loan.

This is a very simplified explanation of a short sale. It is a complicated process and takes a very long time to get to closing. Most buyers don’t have the temperment to attempt a short sale and I do not recommend trying as it most often leaves buyers feeling frustrated and disappointed in the end.

If you can somehow stay emotionally unattached, have enough patience to outlast Job, and be able to move on to the next house after wasting 45-90 days, a short sale can be a good opportunity to get a nice home for less money.  

We were talking last night about the upcoming Presidential Inauguration. I mentioned the words I recently quoted on this blog:

          With the recent presidential elections behind us, and the future lying before us,
                we can either fear all that was predicted or hope for all that which was promised.”

We thought it was funny when someone said, “I hope he can’t fulfull all his promises.”

I figured out how to show these Real Estate Statistic charts on my blog. It is sometimes easier for me to understand the information from a chart. I hope it helps.

There are fewer active listings than the previous year which is good news for sellers since it means less competition. There are most listings than in 2006 which is good news for Buyers. There are plenty of homes to choose from but less competition driving prices up.

Fewer homes have sold but they are still selling. The up and down trends tend to be similar for each year. This shows the seasonal trends in real estate.

Notice the Average sales price in 2008 is on an upward trend. This is contrary to what the public perception seems to be. Prices are not falling.

The trend seems to be similar for both years.

Again, notice the upward trend. Good news.