|Real Estate Information|
Utah Real Estate
Looking to buy real estate in Utah? The market has changed over the past few years and is going to continue to change over the next few (drastically) and here are a few things you should consider before buying any Utah real estate.
First, the Olympics didn't affect the state as much as people thought it would. Before the olympics, people thought the olympics would bring with it a rise in home values. It didn't.
Second, unlike California, real estate values in Utah have not shot up in the past 10 years. Things have really kept a steady pace of increasing. One of the reasons for this is because of the availability of utah real estate. All over the Wasatch front there has always been a surplus of available land on which to build a new house.
Over the next few years, this is going to change. With new communities being built all over the place, land is becoming more scarce. This is one of the reasons California real estate has gotten so expensive, because there isn't anywhere else to build a new house, you have to buy a house from someone who already owns one. In Utah, and especially in Salt Lake County and Utah County, land is running out so expect home prices to begin to rise more sharply over the next 10 years.
Third, are you planning on buying rental real estate? Be careful of where in Utah you are going to rent. Many markets have been saturated over the past 3-5 years with a surplus of brand new apartments for renters to choose from. Many markets in Utah real estate rentals used to have a shortage of apartments and a surplus of renters (often students) which made building apartments in those areas very luctative to investors.
Recently however, because a lot of investors saw the opportunity at the same time, there are too many apartments and landlords are having a hard time filling them. If you are looking for investment properties, you might want to look at this Utah real estate help site. They have put together a list of resources for people looking to buy real estate in Utah.
Fourth, be careful. Utah is on a major earthquake fault line. Be sure you can get earthquake insurance in your neighborhood. Often it's not an option because insurance companies won't allow it in certain areas. While floods have not historically been a problem, there are many damns in Utah that are aging and are threatening the real estate and populations that lie below them. Be sure to do your own due diligence before you buy any Utah real estate.
John Jonas is an entepreneur and a family man. He has interests in Utah real estate, Utah businesses, and in internet marketing. More can be found out at his Jonas Family website.
This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news
Investment Property Part 2 of 2: What You Need to Know Before You Buy
Welcome to the second portion of a two-part series on investment property. In the first installment, "How Not to Become a Slumlord", we discussed a little of what it takes to own and operate a property as well as some of the do's and don'ts of the property management trade.
Residential Property Abroad
It is increasingly common for individuals to own more than one property and in many cases the first investment after the family residence is in a holiday home. Whether you are buying a place in the sun, a country retreat or a city centre apartment, if it is in a foreign country you will be exposed to an unfamiliar legal system and to taxes in the country concerned.
Various Aspects Of The Lease Purchase Business
In a previous article, we wrote why we believe that Lease Purchasing is the perfect home-based business, here we want to briefly touch on some of the actual aspects of operating such a business, the pluses and minuses and why Lease Purchasing represents a win-win situation for the seller, the tenant/buyer and just as importantly, you, as the business owner. One of your goals in operating a Lease Purchase business is to contract for property that you then move to the tenant/buyer.
How To Negotiate A Higher Price For Your House
Negotiation is where many FSBO home sellers really have problems. The wrong attitude or a slip of the tongue could cost you thousands.
Property Investing - Am I Buying for Profit or Prestige?
All of us have emotional preconceptions and assumptions. They are reinforced and fine tuned by our experiences of life, be they traumatic, disciplined or consistent.
Selling Houses Fast: Basics of Design & Color Psychology
Fixing up houses to ready them for sale includes a design plan for needed changes. Save money on transformation costs by choosing design details right the first time.
The Listing Agents Role in Selling Your California Home
Advertising to the "Public"Every home seller likes to be assured that their listing agent and or their real estate company will run ads featuring their home. Newspaper ads range from color photo ads to lots of listings reflected on a page with primarily only copy.
How Can I Stop Foreclosure on My House?
We understand the being in foreclosure is a scary thing. You are probably wondering how can I stop foreclosure on my house.
Maui Realtors: What You Need To Know
Maui is a great place for families of any size. However, before you plan a move to Maui and contact those Maui Realtors, there are some considerations that you should take care of.
What is Tax-Deferred Exchange?
Under Section 1031 of the Internal Revenue Code, owners of real estate held for investment or use in a trade or business can swap their property tax-free for "like-kind" real estate.Exchanges are made for people wanting to stay invested in real estate, increase their leverage and to avoid paying hefty taxes upon the sale of property.
Property Auction & Why You Should Run A Mile From Them
That's A Funny Thing To Say About Property Auctions; They're All The "RAGE, Aren't They?"From The Desk Of Colm DillonHello Colm here ..
Home Owner Association Restrictions - Read Before Buying
Many communities have associations for homeowners, property owners, condo owners, or similar associations. The presence of a homeowners association, also known as "HOA", introduces another layer of rules and regulations to consider when buying a home.
Real Estate Negotiation Secrets
When you bought your home, you offered less than you were willing to pay, right? That's the most common negotiation technique. For experienced investors, however, that's just one little secret among the many more powerful ones.
What is a Loft Apartment?
What is a loft apartment? At the most basic level a loft apartment differs from a regular apartment because of the open layout. Lofts are open floor plans with few if any walls separating the living, dining, living and sleeping areas.
Selling Houses: The Basics of Design Psychology
I'm often asked about the basics of Design Psychology, which offers innovative interior and exterior design ideas for increasing profit and shortening market time. In reply, I begin by saying that Design Psychology's strategies go well beyond normal cleaning, painting, and repair.
Real Estate Investing - Finding Cheap Houses
Real estate investing expertise can certainly accommodate the luxury home market. In some ways, the upper end of the housing marketplace produces easier success than the lower end.
How to Own a Dream Home in Spain
Every year hundreds of thousands of foreign visitors travel to Spain to delight in the fantastic weather, stunning natural landscapes, excellent entertainment options and superb Mediterranean beaches. Many of these people dream of one day owning their own property in Spain, in fact Spain is now one of the most desirable second home and retirement destinations in the world.
Real Estate Investing: Sales and Negotiation Skills are Critical
Do you want to build wealth through real estate? You need expertise in two critical areas: specific investment strategies and sales and negotiation skills. But if knowing how to identify good deals is what's really important about investing in real estate, why do investors need to worry about their sales and negotiation skills?"Knowing how to identify good deals is certainly a critical part of real estate investing, but it's not the only part," says Russ Whitney, internationally recognized real estate expert and bestselling author of Millionaire Real Estate Mentor (Dearborn Trade Publishing).
Tax Free Exchanges: Watch out for the New Residence Rules
On October 22, 2004, President Bush signed tax legislation that contained a provision affecting Internal Revenue Code section 1031 (the like-kind tax-free exchange rules).Under this new provision a taxpayer who exchanges under Internal Revenue Code section 1031 into a rental house as a replacement property for a previous investor property and later converts it to his or her primary residence, is not allowed to exclude gain under the principal residence exclusion rules of Internal Revenue Code section 121, unless he/she sells the property at least five years from the date of its acquisition.
Top Tips for First Time Home Buyers
Advice to Help When You're Buying a HomeFirst time home buyers might feel better to know that they're not the only ones who feel confused about the process of buying a home. Nearly all home buyers feel the same way, even if they've bought a house in the past, because it's easy to forget the home buying steps you took to get there once the event is behind you.
|home | site map|
|© 2006 TIGER MEDIA|