Urban Utah Stories, by Babs De Lay, Broker

Urban Utah Stories, by Babs De Lay, Broker

 

Beware the Pirates!

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2012 I hate to keep harping on you all, but it’s school time and you’re desperately still looking for a place to rent, right? Once again the Department of Commerce has sent out a media alert, ‘Consumer Protection warns of fake rental scheme targeting real estate ads’. There are FAKE rental ads on Craigslist, KSL-beware the pirates! Yes indeed, there are scammers out there who go onto the interwebs, clip photos of homes for sale and paste them into phony ads. The Francine Giani, the Executive Director and soon to be Liquor Commissioner said recently, “Young people seeking rental properties…

Reading BETWEEN the Headlines

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2012 Wasatch“The tables have turned-It’s now a seller’s market”!   Those were happy words on the front page of the Salt Lake Tribune last week, right?  That is not a headline we’ve seen in these parts in FIVE FREAKIN’ YEARS!  Let me take the next few paragraphs here and share with you my slant on the statistics that were just released by the Front Multiple Listing Service (WFRMLS).  FYI: The WFRMLS is a private company owned by the three largest private real estate associations/Boards of Realtors in the state: The Davis County Board of Realtors, the Utah County Board of Realtors…

Happy Graduation-Now DON’T Buy a Home!

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2012             My fellow Realtors are going to be a bit peeved at me when they read this article. Why? It’s college graduation time and I’m going to tell you lucky graduates NOT to run out and buy a home for a few years. I know that seems like crazy advice right now especially since mortgage interest rates are incredibly low and mortgage payments are less than rent payments these days. Please consider some of these points when you approach the biggest financial decision of your new life:             1) What did it just cost you to get that diploma…

The Low Down Dirty Mortgage Poop

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2012             Utah’s rate of foreclosed homes has dropped 49% in the first three months of 2012. That should be great news for home sellers, right? Maybe property values will stabilize or stop falling?  Hold onto your bootstraps-Salt Lake City is still in the top of the pile of mortgage muck for the nation in foreclosures, according to RealtyTrac, Inc (a national data track service).  Data released last week by RealtyTrac Inc. shows one in 415 Utah housing units saw a foreclosure filing in March. That's still behind the rates of most of our neighboring states but we’re in the…