Urban Utah Stories, by Babs De Lay, Broker

Urban Utah Stories, by Babs De Lay, Broker

 

After the Storm

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2012 We’ve all seen pictures of the Frankenstorm, “Sandy” that hit the East coast two weeks ago. Disasters like that prompt a myriad of thoughts and discussions about “What would happen if disaster struck HERE? Am I prepared to be without electricity and water for a week? What if my entire home disappears into a crack in the earth during a tremor?” Homeowners are required to carry insurance on the behalf of lenders, to protect the lenders interest on their loan. When disaster strikes, a property owner will likely call their insurance agent immediately and make a claim. But what…

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…