Entries by Babs De Lay

Renter Equity?!

The National Assn. of REALTORS published data last month showing that SLC homeowners gained an average of $238,240 in equity in the past decade. The report added that almost 72% of Salt Lake’s citizens own their own home. This is GREAT if you actually own, rather than rent because it’s like having a savings account […]

Good for Bad

Starting this month people with bad credit may be able to get federally insured mortgages thanks to people getting new loans with good credit. I’m so not making this up! About 25% of homebuyers of FHA loans are people of color. Generally, the demographic on average has fewer savings for down payments on homes and […]

Property Taxes

A few weeks ago I shared the median price of homes for sale in our surrounding states. What I didn’t mention was the huge range in property tax assessments in this country. The average jump in taxes on your home, condo, duplex, etc. was 3% in 2022 over the previous year averaging $3,901 annually in […]

No Mansion Tax

The ‘mission’ (no pun intended) of a tax collector it to provide the public with fair market value of real and personal property and to comply with local laws per that county and our state have enacted to set up a taxing system.  We can be taxed on our real estate holdings, mobile homes, air […]

Snowbirding

SNOWBIRD: noun. 1) any of several birds seen chiefly in winter 2) a ski resort in Utah 3) one who travels to warm climes for winter.  Right now, spring fever is RAMPANT here in our state even though Spring Break at our state universities and colleges was last week. Some will have joined the crowds […]

Damned Ice!

It’s hard to say IT’S SPRING when it just keeps snowing and snowing!  If you live in the Salt Lake Valley, you probably don’t have much stacked up on your yard but in the benches homes that face north still have up to a foot in some places. Then there’s all the snow in the […]

Sears Big Hole

There’s a big hole in the ground in Salt Lake City-you know the one, on the west side of State Street between 700 and 800 South.  The ‘Sears Pit’ will be transformed in the near future from a huge block that’s now a pool of water and mud to a new hospital for Intermountain Health […]

Big in Japan

Long story short, I was asked to tour a Japanese film crew around the Capitol City for a friend. They were here featuring a local business but wanted content about our fair city. They had already been here once before and shot film in and around Temple Square so I was responsible for suggesting places […]

Melting!

Isn’t everyone along the Wasatch Front groaning… “Enuf snow!”. Well, except for very happy skiers, I guess!  What I’m grinding my teeth about is not the weather but what is surely coming this spring-FLOODS!  Back in May in 1983 Salt Lake County declared a water emergency after a crazy wet winter the year before and […]

Earn it!

  First time buyers most likely have never seen a real estate purchase contract (called a ‘REPC’, pronounced ‘Rep-C’) but have probably heard of down payments, earnest money and closing costs. Nowadays lenders can grant you a zero-down mortgage but a seller is still going to want to see you put some skin in the […]