Buying a Home in Salt Lake City, UT

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20-30 Year-Olds Help Sustain Utah's Economy

The New York Times printed an article explaining how the percentage of Utah's population in the 20 to 30 year-old range has helped keep its economy strong over the past few years while other areas of the nation have suffered.

The article focused on the job growth sector of the economy, but it is also true that people in the 20-30 year-old range are at the age where they are buying their first homes. When you have more people buying first homes, you have more move-up buyers and the whole cycle moves. Take away the 20-30 year-old demographic and the whole cycle slows down.

Harry Dent predicted a slowdown in the Real Estate market in about 2008-2010 based on the number of people born 20-30 years before. I wonder how much of an impact that has on different sectors of the economy and if there is anything we can learn from that or look forward to...

Utah Demographics - Age - Jobs - Real Estate

(I went back to link to the article, but it is now only available to subscribers)

If you are thinking about buying a home in the Salt Lake area, make sure you get an agent on YOUR side.

Homebuyer Representation, Inc. is the only Real Estate Brokerage representing Buyers ONLY in Salt Lake City and the Surrounding Area. We do not list any homes. We never represent Sellers. We work for BUYERS ONLY on the Buyer's side of the transaction.

We work to get BUYERS the Best Price and Terms when they Buy... 

We're "Real Estate Agents on the Buyer's Side" TMreal estate agents on the buyers side

If you have excellent credit and are thinking about buying a $250,000-$500,000 home in the Salt Lake area in the next 30-60 days, call us at (801) 969-8989 or contact us via the link on this page.

 

©2008 Homebuyer Representation, Inc. All Rights Reserved

 

Utah Leads Nation in Price Appreciation (STILL!)

The Office of Federal Housing Enterprise Oversight has issued the report we have all been waiting for...

Utah still leads the nation in home-price appreciation!

utah greatest appreciation rate in 2007

Of course, these reports are a little behind the times and I wouldn't expect anyone to believe that homes appreciated at 9.7% for January or February. I'm still sticking to a more modest 2-2.5% (Well below what was predicted!)

Percent Change in House Prices(Images from OFHEO's report)

I would suggest that part of the most recent drop in the appreciation rate in Utah is due to the fewer homes selling in the $600,000 + price range due to the increased difficulty and or cost in obtaining mortgages over $417,000.

The good thing is that many people buying homes under $400,000 are still able to get loans with good interest rates. There is also an oversupply of homes on the market right now (in all price ranges) which makes it a better time to buy a home because you have many more choices and a better opportunity to win in negotiations as a Buyer.

If you are thinking about buying a home in the Salt Lake area, make sure you get an agent on YOUR side.

Homebuyer Representation, Inc. is the only Real Estate Brokerage representing Buyers ONLY in Salt Lake City and the Surrounding Areas. We do not list any homes. We never represent Sellers. We work for BUYERS ONLY on the Buyer's side of the transaction.

We work to get BUYERS the Best Price and Terms when they Buy... 

We're "Real Estate Agents who Represent the Home Buyer" TMreal estate agents on the buyers side

If you have excellent credit and are thinking about buying a $250,000-$500,000 home in the Salt Lake area in the next 30-60 days, call us at (801) 969-8989 or contact us via the link on this page.

 

©2008 Homebuyer Representation, Inc. All Rights Reserved

 

Nevada Earthquake Interactive Map

interactive earthquake map from the salt lake tribuneThe Salt Lake Tribune has an interactive map where people who felt the Earthquake that originated in the Wells Nevada area the other day have posted where they were and what they felt. It's pretty cool. If you live in the area and felt the quake, you may want to participate. After all, this will go down in the annals of history!

(Click on the image of the map to go to the Tribune's map.) 

If you are thinking about buying a home in the Salt Lake area, make sure you get an agent on YOUR side.

Homebuyer Representation, Inc. is the only Real Estate Brokerage representing Buyers ONLY in Salt Lake City and the Surrounding Areas. We do not list any homes. We never represent Sellers. We work for BUYERS ONLY on the Buyer's side of the transaction.

We work to get BUYERS the Best Price and Terms when they Buy... 

We're "Real Estate Agents who Represent the Home Buyer" TMreal estate agents on the buyers side

If you have excellent credit and are thinking about buying a $250,000-$500,000 home in the Salt Lake area in the next 30-60 days, call us at (801) 969-8989 or contact us via the link on this page.

 

©2008 Homebuyer Representation, Inc. All Rights Reserved

 

Get an Agent on your side when buying

If you are thinking about buying a home in the Salt Lake area, make sure you get an agent on YOUR side.

Homebuyer Representation, Inc. is the only Real Estate Brokerage representing Buyers ONLY in Salt Lake City and the Surrounding Areas. We do not list any homes. We never represent Sellers. We work for BUYERS ONLY on the Buyer's side of the transaction.

We work to get BUYERS the Best Price and Terms when they Buy... 

We're "Real Estate Agents who Represent the Home Buyer" TMreal estate agents on the buyers side

If you have excellent credit and are thinking about buying a $250,000-$500,000 home in the Salt Lake area in the next 30-60 days, call us at (801) 969-8989 or contact us via the link on this page.

 

©2008 Homebuyer Representation, Inc. All Rights Reserved

Rents are Rising - But so are Rates!

Apartment Rents in Salt Lake are on the rise, making a home purchase more attractive for those who will be staying in the area for a few years. Homes available for purchase are at extremely high levels and that makes it a Buyer's market.

But, as the common phrase goes, Buyer Beware! Interest Rates are also fluctuating which plays a big part in determining whether or not you can buy a place for cheaper than rent.

The best advice is still not to purchase a home if you will only be staying in the area for a year or two. Only during a boom (like Salt Lake had in 2005-mid 2007) can you expect to buy a home and sell it within that time frame and walk away with some equity.

For most renters, even if it costs a bit more to buy than to rent, if you plan on staying in the home for 5 years or more, it almost always makes sense to purchase.

If you are thinking about buying a home in the Salt Lake area, make sure you get an agent on YOUR side.

Homebuyer Representation, Inc. is the only Real Estate Brokerage representing Buyers ONLY in Salt Lake City and the Surrounding Areas. We do not list any homes. We never represent Sellers. We work for BUYERS ONLY on the Buyer's side of the transaction.

We work to get BUYERS the Best Price and Terms when they Buy... 

We're "Real Estate Agents who Represent the Home Buyer" TMreal estate agents on the buyers side

If you have excellent credit and are thinking about buying a $250,000-$500,000 home in the Salt Lake area in the next 30-60 days, call us at (801) 969-8989 or contact us via the link on this page.

 

©2008 Homebuyer Representation, Inc. All Rights Reserved

Re-Listing Homes - Can You Handle the Truth?

days on market - does it matterThe Practice of taking a home off the market and re-listing it to show 0 days on the market again is becoming more and more common. Debates are heating up on the subject from coast to coast.

Listing Agents argue they are doing their client a service. They also argue that Buyers can't handle knowing the truth about how long a home has been listed because a home that has been on the market for a long time has an assumed problem or diminished value.

The Public cries "foul" and says they are being deceived.

Does the end justify the means?

Would re-listing fall under the category of "deceptive" advertising, or is it simply showing the home in the best possible light?

As an Exclusive Buyer's Agent, I will look at the listing history of a property when evaluating it for clients. Many times when we see new listings that appear to be familiar, they are, in fact, re-listed homes. Knowing that a home has been on the market for a year and a half with no significant price changes tells us a little bit about the Seller's motivation, and how other Buyers have perceived the value of the home compared to the asking price, without even setting foot in the door.

Ethical and Moral Dilemma

If an unrepresented potential buyer asks the listing agent, "How many days has this home been on the market?" Is it honest for a listing agent to say, "It just listed yesterday"?

What if they are working with an agent who says they will be their "Buyer's Agent", but that agent thinks the home is a good fit for the Buyer and doesn't want to "cloud the waters" by telling them that the home has actually been listed for a year and a half already with no price changes? 

Many home buyers are unaware that they can hire an Exclusive Buyer's Agent to protect them and provide them with this type of information when they buy a home.

If a Buyer wants to know the listing history of a property, we look up the "real" information and inform them. I believe that how long a Seller has been trying to sell their home and at what price is a material fact of benefit to my buyer-client.

That's the real reason other agent's don't want you to know.

You want the truth? You CAN handle the truth!

If you are thinking about buying a home in the Salt Lake area, make sure you get an agent on YOUR side.

Homebuyer Representation, Inc. is the only Real Estate Brokerage representing Buyers ONLY in Salt Lake City and the Surrounding Areas. We do not list any homes. We never represent Sellers. We work for BUYERS ONLY on the Buyer's side of the transaction.

We work to get BUYERS the Best Price and Terms when they Buy... 

We're "Real Estate Agents who Represent the Home Buyer" TMreal estate agents on the buyers side

If you have excellent credit and are thinking about buying a $250,000-$500,000 home in the Salt Lake area in the next 30-60 days, call us at (801) 969-8989 or contact us via the link on this page.

 

©2008 Homebuyer Representation, Inc. All Rights Reserved

 

"Old"Listings - What's Wrong With This Home?"

clark quoteNaturally, just like a Buyer, when I see homes on the market for 180, 240, 360 days or more, I also wonder "What is wrong with this home?"

Often, with a little digging, we can find out if the home was under a contract that failed or if there is some other reasonable explanation for the lengthy time on the market. Other times, a market analysis confirms that the Seller is pricing their home outside of market value.

What's wrong with that? Lots of Sellers price their homes above market value? 

True, lots of Sellers price their homes above market value, but most will reduce their price if they see little to no serious activity. Those Sellers (and agents) who keep a home listed at well above market value are wasting everybody's time. Even if they do generate a bit more activity by re-listing the home and showing it as if it were new will still have to face the facts of market value when a market analysis is done.  Savvy Buyers will not be deceived just because a home is new on the market.

I tell clients this all the time: We should keep an eye on new listings because the best listings, and those that are priced well, will not be on the market in 180 days. They likely will not be on the market in 2 weeks. But just because a home is new on the market, does not make it a good deal. All homes were new on the market at one point.

If you are thinking about buying a home in the Salt Lake area, make sure you get an agent on YOUR side.

Homebuyer Representation, Inc. is the only Real Estate Brokerage representing Buyers ONLY in Salt Lake City and the Surrounding Areas. We do not list any homes. We never represent Sellers. We work for BUYERS ONLY on the Buyer's side of the transaction.

We work to get BUYERS the Best Price and Terms when they Buy... 

We're "Real Estate Agents who Represent the Home Buyer" TMreal estate agents on the buyers side

If you have excellent credit and are thinking about buying a $250,000-$500,000 home in the Salt Lake area in the next 30-60 days, call us at (801) 969-8989 or contact us via the link on this page.

 

©2008 Homebuyer Representation, Inc. All Rights Reserved

To Buy Or Not To Buy? This is the Answer (Salt Lake City, Utah)

question mark in headSalt Lake Market in a Nutshell (February 15, 2008):

Number of Homes Listed: UP
Number of Homes Sold: DOWN
List Prices: DOWN
SOLD Prices: UP

To Buy or Not to Buy: BUY

It's a Buyer's Market. What are you waiting for?

If you are thinking about buying a home in the Salt Lake area, make sure you get an agent on YOUR side.

Homebuyer Representation, Inc. is the only Real Estate Brokerage representing Buyers ONLY in Salt Lake City and the Surrounding Areas. We do not list any homes. We never represent Sellers. We work for BUYERS ONLY on the Buyer's side of the transaction.

We work to get BUYERS the Best Price and Terms when they Buy... 

We're "Real Estate Agents who Represent the Home Buyer" TMreal estate agents on the buyers side

If you have excellent credit and are thinking about buying a $250,000-$500,000 home in the Salt Lake area in the next 30-60 days, call us at (801) 969-8989 or contact us via the link on this page.

 

©2008 Homebuyer Representation, Inc. All Rights Reserved

Salt Lake City, Utah Real Estate Market Update (Feb 2008)

Salt Lake's Tribune released an article titled "Utah home sales plunge" on February 14th, 2008.

It starts out by saying that Salt Lake is now caught "in the middle" of the national downturn.

Is this true, or just an attention grabbing headline?

If you read the entire article and not just the headline, you will find the truth buried in there somewhere.

Let's analyze the statistics from the article itself:

The report compared the home sales volume nationwide in the last quarter of 2007 with the same period in 2006.

Remember: This has nothing to do with home prices, just the total number of homes that sold in 4th quarter 2007 compared with 4th quarter 2006. 2006 was one of the most productive years in Salt Lake's real estate history. I don't think there was anyone out there who expected 4th quarter 2007 to beat 4th quarter 2006 in number of homes sold.

There are many reasons that the total number of homes that are actually being SOLD is down. The article goes on to explain.

Lawrence Yun, National Association of Realtors chief economist, blames the nation's lending crisis in great part for the decline in sales.
    "The continuing crunch in the jumbo loan market that began in August has disproportionately reduced the number of transactions in higher price ranges," he said in the report. "For buyers who need loans of more than $417,000, mortgage interest rates have been running more than a percentage point higher, and that has been having an obvious impact."

In spite of the fact that the number of higher priced homes has been "disproportionately reduced"

In the Salt Lake area... prices in the fourth quarter were up 2.5 percent to $229,000 compared with the same period in 2006, according to the report.

So, what does this all mean?

The headline is correct, but it isn't all doom and gloom.

Reason presumes that homes needing loans of less than $417,000 are still doing well, in fact, probably better than the 2.5% positive appreciation rate quoted (because the lack of sales in the higher price range skews that number downward).

The article then goes on to mention last week's Forbes.com article naming Salt Lake as the best place to find a good deal on a home.

If you are thinking about buying a home in the Salt Lake area, make sure you look for an Exclusive Buyer's Agent who will work exclusively on your side of the transaction.

Homebuyer Representation, Inc. is the only Real Estate Brokerage representing Buyers ONLY in Salt Lake City and the Surrounding Areas. We do not list any homes. We never represent Sellers. We work for BUYERS ONLY on the Buyer's side of the real estate agents on the buyers sidetransaction.

We work to get BUYERS the Best Price and Terms when they Buy... 

We're "Real Estate Agents who Represent the Home Buyer" TM

If you have excellent credit and are thinking about buying a $250,000-$500,000 home in the Salt Lake area in the next 30-60 days, call us at (801) 969-8989 or contact us via the link on this page.

 

©2008 Homebuyer Representation, Inc. All Rights Reserved

Some Things Aren't Learned In School - Like How To Buy A Home

Some things just aren't taught in school. I have always believed that there are many things that, if taught in school, would make life easier and more successful for many of the next generation. 

"Utah lawmakers right now are considering a bill, sponsored by Sen. Patricia Jones, D-Holladay, that would set up an enhanced financial literacy program in the state's public schools. Kids would learn about basic budgeting, banking, investing, home buying and borrowing in ways that are integrated with their normal curriculum." (Jay Evensen, Deseret Morning News, February 10, 2008)

One thing that should be taught young is this: Homebuyers have the right to full representation.

Agency disclosure laws require that Buyers be told about this fact, yet by the time they are told, it is often already too late. In some states, including Utah, a Buyer can be tied to a REALTOR® simply by looking at a house with them. (Even if they have signed nothing!) It's called "Procuring Cause" and it means that even if you later find out that your agent really represents the Seller, the Buyers-side commission will go to that agent, not an agent you hire to represent your interests.

the best agentsToday, there are more and more intelligent homebuyers aware of the fact that they can hire an agent to represent solely their interest. Many buyers who seek out exclusive representation today would never have thought to do so except that they had a bad experience or two buying a home "the old way."

Many thought their agent represented them because they told them they could be their "buyer's agent." It often wasn't until further into the transaction that they realized that the agent really worked for the seller. At that point, it may have been too late, or it would have cost them extra to hire their own representation.

It's better off to begin the process with your own agent on your side. The best agents represent buyers only and take no listings, thus avoiding the conflict that exists when the agent or broker also represent the seller.

Homebuyer Representation, Inc. is the only Real Estate Brokerage representing Buyers ONLY in Salt Lake City and the Surrounding Areas. We do not list any homes. We never represent Sellers. We work for BUYERS ONLY on the Buyer's side of the real estate agents on the buyers sidetransaction.

We work to get BUYERS the Best Price and Terms when they Buy... 

We're "Real Estate Agents who Represent the Home Buyer" TM

If you have excellent credit and are thinking about buying a $250,000-$500,000 home in the Salt Lake area in the next 30-60 days, call us at (801) 969-8989 or contact us via the link on this page.

 

©2008 Homebuyer Representation, Inc. All Rights Reserved

Salt Lake City - 2nd Least Stressful City in America

In an American City Business Journal report today on MSNBC (February 13th, 2008) Salt Lake was mentioned as being the second least stressful metropolitain area in the country.

It said:

"Salt Lake City is the runner-up in the low-stress derby. It enjoys America's smallest unemployment rate, 2.6 percent, as well as light traffic, healthy citizens and low crime rates."

The full article can be found here: http://www.msnbc.msn.com/id/23144791/

If you are thinking of relocating to the Salt Lake City area, choose to buy a home the least stressful way - with an agent working on YOUR side!

Homebuyer Representation, Inc. is the only Real Estate Brokerage representing Buyers ONLY in Salt Lake City and the Surrounding Areas. We do not list any homes. We never represent Sellers. We work for BUYERS ONLY on the Buyer's side of the transaction.

We work to get BUYERS the Best Price and Terms when they Buy... real estate agents on the buyers side

We're "Real Estate Agents who Represent the Home Buyer" TM

If you have excellent credit and are thinking about buying a $250,000-$500,000 home in the Salt Lake area in the next 30-60 days, call us at (801) 969-8989 or contact us via the link on this page.

 

©2008 Homebuyer Representation, Inc. All Rights Reserved

Does the "Right" way to buy a home change?

Last year, CNN Money posted a Spring Home-Buying Guide.

The link is:

CNN Money - Spring Home-Buying Guide: 6 ways to do it right

They say to get pre-approved first, shop at least 4 or 5 lenders, work with an agent who will represent you only, etc. etc. etc.

The most important factor is making sure you have someone on YOUR side of the transaction, protecting YOUR interest and working to get YOU the best price and terms. If you have an Exclusive Buyer's Agent on your side, they should help ensure that you are doing the rest of the important things.

Do it Right!

Homebuyer Representation, Inc. is the only Real Estate Brokerage representing Buyers ONLY in Salt Lake City and the Surrounding Areas. We do not list any homes. We never represent Sellers. We work for BUYERS ONLY on the Buyer's side of the transaction.

We work to get BUYERS the Best Price and Terms when they Buy... real estate agents on the buyers side

We're "Real Estate Agents who Represent the Home Buyer" TM

If you have excellent credit and are thinking about buying a $250,000-$500,000 home in the Salt Lake area in the next 30-60 days, call us at (801) 969-8989 or contact us via the link on this page.

 

©2008 Homebuyer Representation, Inc. All Rights Reserved

How Street View Helps Homebuyers in Salt Lake City!

Salt Lake City is one of a handful of cities that has recently been added as a Google StreetView City!

salt lake city streetview

You are either really excited about this or really freaked out about it, but the bottom line is that this is good news for homebuyers.

Listing agents tend to take pictures from angles that conveniently leave things out like huge power lines in front of the house, substations or water treatment facilities next door, or avoid showing you that the home is on one of the busiest roads in town. (Among countless other things)

Now, from the convenience of your home or office, you can "drive" through the neighborhood and eliminate homes from your list that have these types of problems that otherwise may only become obvious by actually driving up to the property.

Another benefit is that you can now look at those homes where the agent was too lazy to take a picture (or purposefully didn't take a picture) of the exterior of the home!

Homebuyer Representation, Inc. is the only Real Estate Brokerage representing Buyers ONLY in Salt Lake City and the Surrounding Areas. We do not list any homes. We never represent Sellers. We work for BUYERS ONLY on the Buyer's side of the transaction.

We work to get BUYERS the Best Price and Terms when they Buy...

We're "Real Estate Agents who Represent the Home Buyer" TM

If you have excellent credit and are thinking about buying a $250,000-$500,000 home in the Salt Lake area in the next 30-60 days, call us at (801) 969-8989 or contact us via the link on this page.

 

©2008 Homebuyer Representation, Inc. All Rights Reserved

Ummel Case - National Association of Exclusive Buyer Agents Statement

Being an Exclusive Buyer's Agent and a member of the National Association of Exclusive Buyer Agents (Disclosure: I'm also on the Board of Directors), I was excited to see the following article on FoxBusiness.com:

Buyer Agent Organization Comments on Ummel Home Buying Case

The Association's position is simply that part of a Buyer's Agent's due diligence is to prepare comparative market analyses on properties being considered for purchase. (Certainly before submitting an offer on a property.)

As stated, all the details of the case are not readily available, but when a consumer hires a Buyer's Agent to help them with their home purchase, they believe (and should receive) advice and counseling regarding price. Does that mean that the Agent or Broker should be held responsible (and liable) if prices decline after a purchase? Of course not. Perhaps the agent had valid comparables or justification for the price offered and accepted. An analysis of recent sales that justified the offer price would have protected the agent in this event, and may have changed the Buyer's mind as to whether or not they wanted to complete the sale or not. (Or, they may have chosen to move forward anyway... certainly that is a Buyer's choice!)

At Homebuyer Representation WE WORK FOR YOU on YOUR side! We evaluate homes, loans, & prices, and we counsel & negotiate FOR BUYERS ONLY!

Homebuyer Representation, Inc. is the only Real Estate Brokerage representing Buyers ONLY in Salt Lake City and the Surrounding Areas. We do not list any homes. We never represent Sellers. We work for BUYERS ONLY on the Buyer's side of the transaction.

We work to get BUYERS the Best Price and Terms when they Buy...

We're "Real Estate Agents who Represent the Home Buyer" TM

If you have good to excellent credit and are thinking about buying a $250,000-$500,000 home in the Salt Lake area in the next 30-60 days, call us at (801) 969-8989 or contact us via the link on this page.

 

©2008 Homebuyer Representation, Inc. All Rights Reserved

Salt Lake Named one of the Best Cities for Bargain House-Hunting

In the evening edition of Forbes.com 2/7/2008 an article titled "Best Cities For Bargain House-Hunters" names Salt Lake City, Utah as one of the Best Places to buy real estate in today's market. (Salt Lake is ranked #1)

What exactly do they say?

"They'd be smart to look for markets where job growth is strong, foreclosures are relatively low and inventory is high. With these factors in place, buyers can still dictate terms of sale and negotiate prices, but aren't as exposed to the economic and lending risk problems that have sunk many markets around the country.

"Good places to look? Salt Lake City and Raleigh, N.C., where there are plenty of sellers slashing prices, but not because of a lending meltdown. "

If you are thinking about buying a home in one of the best parts of the country, make sure you also seek out the best level of representation.

Today's homebuyers should seek out an Exclusive Buyer's Agent - an agent hired by the Buyer to get the Buyer the best price and terms. Exclusive Buyer's Agents do not list homes so they avoid the divided loyalties that buyers can end up with if they use a traditional real estate agent (who works for the seller).

Kiplinger's Personal Finance said in November 2007: "In a market in which negotiation counts, you'll do well to hire a buyer's agent to help you identify good prospects and to frame and negotiate your offer."

Homebuyer Representation, Inc. is the only local company representing Buyers ONLY in Salt Lake City and the Surrounding Areas. We do not list any homes. We never represent Sellers. We work for BUYERS ONLY on the Buyer's side of the transaction.

We work to get BUYERS the Best Price and Terms when they Buy...

We're "Real Estate Agents who Represent the Home Buyer" TM

If you have good to excellent credit and are thinking about buying a $250,000-$500,000 home in the Salt Lake area in the next 30-60 days, call us at (801) 969-8989 or contact us via the link on this page.

 

©2008 Homebuyer Representation, Inc. All Rights Reserved

Utah's Drought

In today's Deseret News (February 7, 2008) a story about more snow coming mentioned the following:

"The bad weather has brought some good news. In a hydrologic outlook released Wednesday, the Weather Service said the January storms brought an accumulation 165 percent of normal. Southern Utah was already above its normal April 1 snowpack levels. More storms in February and March could refill reservoirs and provide drought relief."

It certainly does not say the "drought" is over, but it provides a positive outlook if we can continue to get more rain and snow over the next month or two.

Happy Snow Blowing! (Or shoveling!)

Don't get sucked dry when you buy a home - Hire an agent that will work on YOUR side!

Homebuyer Representation, Inc. is an Exclusive Buyer Brokerage representing Homebuyers in Salt Lake and Surrounding Areas. We do not list any homes. We do not represent Sellers. We work for BUYERS ONLY on the Buyer's side of the transaction.

We work to get BUYERS the Best Price and Terms when they Buy...

"We're the Real Estate Agents who Represent the Home Buyer" TM

If you are thinking about buying a $250,000-$500,000 home in the Salt Lake area in the next 30-90 days, call us at (801) 969-8989 or contact us via the link on this page.

 

©2008 Homebuyer Representation, Inc. All Rights Reserved

Salt Lake Area Real Estate Blog Entries - A Guide for Home Buyers

Thank you for visiting my Salt Lake Area real estate blog for Buyers.

Here are recent posts that you may find of interest:

 

FINDING HOMES

The Truth About "Buyer's Guides"

How to Know About the Newest Homes on the Market Each Day

"Staged" Homes in Utah - Things for Buyers to Consider

Buying a Home (Smarter, not Harder)

 

YOUR RIGHT TO HAVE AN AGENT REPRESENTING YOU AND YOU ONLY

Different Types of Agents - Say What? 

Exclusive Buyer's Agents mentioned in Kiplinger's Personal Finance

Why you should always have an agent representing you in a real estate transaction - 1 example

Understanding the Buyer-Broker Agreement

Why is Signing a Buyer-Agency Agreement That Important?

WHO pays the commissions (and other fees)?

FTC Consumer Alert - Buying a Home: It's a Big Deal

Three Good Reasons to Use an Exclusive Buyers Agent (EBA)

Exclusive Buyer's Agent Testimonials - Salt Lake Area

 

MAKING AN OFFER

What is Earnest Money?

How Earnest Money Protects the Buyer

Determining How Much Earnest Money to Put Down

The Appraisal Contingency

Who Does the Appraisal REALLY Protect?

Does Your Offer Have a Financing Contingency?

 

LOANS/MORTGAGES

Your Credit Might Not Be As Bad As You Think

Which Loan is REALLY the Best?

The wrong mortgage can cost thousands of dollars in needless fees, interest and other costs

Why Loan Pre-Qualification Isn't Good Enough

 

Salt Lake's Real Estate MARKET

The Benefits of Being Late to the Housing Boom Party

Salt Lake's Real Estate Market in a Historical Context

Salt Lake - 2/3 of New Listings OVERPRICED - Still a good time to Buy - Here's How

Utah - Still a Good Deal - A Look at Salt Lake County's "Cycle"

Why You Shouldn't Wait to Buy A Home in Salt Lake - Simple Analysis

 

Homebuyer Representation, Inc. is an Exclusive Buyer Brokerage representing Homebuyers in Salt Lake and Surrounding Areas. We do not list any homes. We do not represent Sellers. We work for BUYERS ONLY on the Buyer's side of the transaction.

We work to get BUYERS the Best Price and Terms when they Buy...

"We're the Real Estate Agents who Represent the Home Buyer" TM

If you are thinking about buying a $250,000-$500,000 home in the Salt Lake area in the next 30-90 days, call us at (801) 969-8989 or contact us via the link on this page.

 

©2008 Homebuyer Representation, Inc. All Rights Reserved

Salt Lake's Smartest Homebuyers!

What clients are saying about Homebuyer Representation, Inc. Utah's Exclusive Buyer Brokerage!

Homes for sale in Salt Lake City, Utah

"We wanted someone who would work with us and not be constrained or biased by their own listings or those from colleagues in their same office or group. Benjamin was extremely responsive and even did virtual walk-throughs with us via video on the web. With his help, we found the ideal home.
"Benjamin came up with a brilliant approach that gave us a real advantage in the negotiations. We closed at a price well below the original asking price. We are extremely pleased with the property. Thank you Benjamin!"
-Vance Checketts Family, Provo, Utah

"I really enjoyed my first home buying experience thanks to your help."
-Nhat Nguyen, Draper, Utah

"We wanted someone that represented us. Someone who understood our ideas, our interests, our needs and stepped in to insure those things were protected.
"Tricia and I would highly recommend Ben Clark/Home Buyer Representation to anyone who wants a great experience in buying a home. Ben was totally committed to helping the process be pleasant and rewarding. Ben has exceptional follow up and he really was on our side, keeping our interests in mind. We were grateful to have Ben with us and many times he kept our builder in check which saved us a lot of money."
-Mark & Tricia Peterson, West Valley, Utah

Exclusive Buyers Agents in Salt Lake City

"Working with Benjamin Clark on the purchase of my first home in Salt Lake City was a relaxing and enjoyable experience. Benjamin's knowledge and experience make it easy, as he seems to have his finger on the pulse of the SLC real estate market. He will work tirelessly to find the right property for you; but most importantly he will be there to negotiate for you, the buyer.
Near the end of the negotiations for my new home, the deal began to unravel at a time when I was overseas on vacation. Benjamin stepped up to the plate and not only saved the deal, but saved me some additional money as well. He was able to spot an opportunity and capitalize on it for my benefit.
When I consider purchasing a new house here in Salt Lake, I will without a doubt count on Benjamin Clark to put me into my new home!"
- Brian Bender, Taylorsville, Utah

"Your honesty and experience made the purchase of our condo smooth. We are looking forward to doing much more business with you."
- Jeff & Jonnica Kairn, Salt Lake City, Utah

"Conventional real estate agents do not have your interest 100 percent in mind.  They are always connected to the seller, regardless if they are helping buyers.  A Buyer's Agent, however, represents you and your interests entirely.  That's why I went with Benjamin Clark.  He will keep your needs completely in mind and will always be in your corner."
- Steve Sell, West Jordan, Utah

exclusive buyers agent

"Benjamin Clark was recommended to me by my daughter who was very pleased with his help finding her home. I enjoyed working with him very much.  He was very personable, friendly and patient.  We looked at many properties for several months.  Benjamin was very patient and willing to work us into his schedule as often as we wanted.
I liked working with a Buying agent because I knew he was concerned only with my best interests.  An Exclusive Buyers Agent doesn't have any properties to sell for another client or agency.  They can direct their efforts completely to finding the properties that fit the criteria established with them as well as consider and suggest any options you may have missed or overlooked. 
Ben is easy to communicate with personally, by phone or email.  He was always available to answer questions and set up tours.  He was very prompt in sharing all the newest listings with me, sometimes daily if necessary.  
I would work with Benjamin again and have gladly recommended him to others." 
- Kristine Higbee, Taylorsville, Utah

Living on the east coast made it challenging to buy a house in Utah.  I liked the idea of an exclusive buyer's agent because I needed someone who was looking after my interests first.  Ben was an invaluable asset in my search.  He previewed house after house for me, communicated well, and didn't try to steer me toward houses I wasn't interested in. On the one day I had to look at houses myself, he helped me evaluate the pros and cons of each property, and even suggested remodeling ideas, one of which I used to create a much-improved entry way in my house.  He gave me realistic comps to look at, and made it clear he didn't want me to overpay for the house.  He took care of all the closing details while my husband and I were still across the country and went the extra mile to solve some problems that popped up after closing as well. I recommend Benjamin Clark without reservation. Anyone buying a house would be well served by him. 
-Susan Theobald, Holladay, UT

We recently moved to the Salt Lake City, Utah area. We had read a few books and they all recommended getting an exclusive buyer's agent since he/she would represent your interests only as a buyer and not the seller's.

We looked up buyer's agents in Utah and we found Benjamin Clark. Ben was very helpful recommending extended stay hotels. Our initial meeting was very informative. We decided to hire him as our agent and started looking at homes with him. He set us up to receive daily emails that had brand new listings so that we would look at the newest listings first. Benjamin worked around our schedules to go out with us every week, including mornings, afternoons and even a couple of late evenings. He was very accommodating and we really appreciated his flexibility.
Benjamin was absolutely great. He was on top of things throughout the whole process. The communication was always excellent. When we finally found our dream house, he did his research and we were able to negotiate on the price in a short amount of time. He even got the seller to pay a large amount towards our closing costs!
Benjamin was very professional throughout the whole process. We had gotten the best possible deal because he worked for US and not the seller. He has the buyer's interest in mind so he will try to get you the best possible deal on the price, the time-frame, and any repairs that need to be done to the house. He never pushed us into looking at any house we didn't want to and he was very patient throughout the whole process. We were very pleased with the whole process. Getting Benjamin Clark as our exclusive buyer's agent was one of the best decisions we made. We would recommend him to all my friends and family and he would absolutely be our first choice if we were to buy another house.
- Ernie Adkins and Tamara Mendez -Happy New Homebuyers- Tooele, Utah

buying a home in Salt Lake City, Utah

"Benjamin was wonderful to work with.  He was an absolute lifesaver in what turned out to be a fairly tricky real estate transaction.  We were so glad he was on our side - we would have been lost otherwise! Since Ben works exclusively on real estate purchases, he KNOWS the market, and knows it well.  He knows fair market value on properties and can easily point out a good price or help avoid a not-so-good price.Overall, we got great dedication, great service and a great deal!  We have recommended Ben and his services to friends and family, and we'll definitely be using him for any future home purchases!"
-The Cieslinski Family, Murray, Utah

"When buying property, I will always use an exclusive buyer's agent.  I contacted Ben when my wife and I were interested in purchasing a condo in Park City.  He had no problem working with me for several days to show me all of the properties that met my criteria.  I never felt pushed as I do with other realtors, he is very mild mannered and easy to work with.  He handled all aspects of buying real estate with professionalism.  I would definitely recommend him."
-Dirk & Pat Mitchell, Park City, Utah

As a buyer's only agent, Ben Clark helped us beyond our expectations:  
1.  Ben negotiated for us in such a way that we knew that his commission was secondary to our getting the best price.   He helped us hold our ground until the seller budged.  It would have been easy for him to say "Just take it."  He would have made some extra money on a % basis, but he truly represented our interests.  
2.  After we moved in, we found some things that needed to be done.  Ben went to bat for us and got those things repaired.  He could have easily said, "Not my problem."  
3.  On a couple of the more difficult items, Ben spent many hours researching and communicating with the seller's agent asking for resolution. 
I have never seen someone work so hard who has already gotten paid!  
-Steve Theobald, Holladay, UT

Salt Lake City, Utah

I wish to take this opportunity to express my support for Ben's excellent service rendered as my real-estate agent. His representation, counsel, and advice are greatly appreciated. His knowledge of real estate, openness and ability to assist others indicates his self-confidence and security as a real-estate agent. Because of his strong commitment and creative ideas he was able to bring a most difficult transaction to a successful conclusion. Without reservation I give Ben my highest recommendation. He is certainly a progressive, knowledgeable realtor, dedicated to his profession and his clients.
-Andy Earle, Pharmacist
Captain, United States Army, Retired

Thank you so much for all your help in finding our new home. We moved in this past weekend and we love it! The animals are in shock from going from our 700 sq. foot rented home to this 1850 sq. foot home! The young cats think it's his own personal playground! The house is great! Thanks again for everything! We wish you and your family the best!
- Jeff and Ina Landry, West Valley

Just wanted to thank you again for your efforts in helping us find and close on our home. We have been very happy here this last year.
-Marjanne and Aaron Corley, West Valley

1. We chose to work with an Exclusive Buyer's Agent because we knew that only our best interests would be represented by our agent. A traditional agent may or may not have been showing us homes that they or their agency has listed. By choosing to work with Home Buyer Representation, we knew that there would be no worries of seeing partner agent homes or any other conflicts of interest.

2. The only other agents that we worked with were those representing the sellers of the homes that we were interested in. Ben was much more personal than these other agents. When we spoke to the other agents, it felt like we were just another sale, with Ben, we felt like he had our needs in mind at all times. Ben also seemed to be much better at follow through than the other agents.

3. I think that the internet has changed the real estate market quite a bit. I am very impressed with how integrated the use of internet technology was used while Ben was working with us. Ben took the time to respond to our e-mails two or even three times in one day! By staying in constant e-mail communication, as well as making himself very available by phone, we really felt like we could ask him anything, anytime.

Additional comments: Throughout the buying process we changed our buying strategy several times. Ben took the time to adjust each time and essentially start our home search over without getting frustrated. Ben make every effort to take care of us as buyers and he saved us an estimated $5,000 on actual costs on a new construction home purchase. Ben also saved us much more by helping to negotiate sweat equity that is normally unheard of in the subdivision we purchased in.

Ben keeps his client load to a minimum to focus on your needs. He was not pushy at all which I really loved, we must have looked at more than 30 or 40 different homes before deciding. I would highly recommend Ben to anyone looking to purchase a new home. We moved into our new home in Oct 2006 and are very happy with all of Ben's services. He is very professional and experienced. everything was such a smooth transaction. Thanks Ben !!
-Tony, Jessica & Alexandra, Daybreak

Homebuyer Representation, Inc. is an Exclusive Buyer Brokerage representing Homebuyers in Salt Lake and Surrounding Areas. We do not list any homes. We do not represent Sellers. We work for BUYERS ONLY on the Buyer's side of the transaction.

We work to get BUYERS the Best Price and Terms when they Buy...

"We're the Real Estate Agents who Represent the Home Buyer" TM

If you are thinking about buying a $300,000-$600,000 home in the Salt Lake area in the next 30-90 days, call us at (801) 969-8989 or contact us via the link on this page.

 

©2008 Homebuyer Representation, Inc. All Rights Reserved

Exclusive Buyer's Agents Negotiate for the Home Buyer

business men boxingThe most exciting part of being a true Buyer's Agent (and the most rewarding part) are the negotiations. Every transaction is unique, and there are many real estate agents who lack the level of negotiation skills required to truly get their clients the best deal.

Having an agent who has training and experience in negotiation is especially important when the Seller or their agent are experienced negotiators. It is extremely gratifying and rewarding to pull off a big win in favor of my clients and hearing them say things like "We never would have had the guts to make that counteroffer. Thank You!".

The goal of an Exclusive Buyer's Agent is not to make everybody happy. The goal is to negotiate the best deal for the buyer. That is why home buyers hire Exclusive Buyer's Agents - for the highest level of representation.

Homebuyer Representation, Inc. is an Exclusive Buyer Brokerage representing Homebuyers in Salt Lake and Surrounding Areas. We do not list any homes. We do not represent Sellers. We work for BUYERS ONLY on the Buyer's side of the transaction.

We work to get BUYERS the Best Price and Terms when they Buy...

"We're the Real Estate Agents who Represent the Home Buyer" TM

If you are thinking about buying a $300,000-$600,000 home in the Salt Lake area in the next 30-90 days, call us at (801) 969-8989 or contact us via the link on this page.

Working with Clients as an Exclusive Buyers Agent in Salt Lake

Tell us a about your philosophy of customer service.

First, if we get along, we will both have a good time. I do my best to educate my clients and let them stay in control over the decisions that are made. I do my very best to assure that my clients are truly getting the best possible deal.

How do you relate to your clients?

I have been a Buyer myself and have always tried to find the best home possible and then get it at the best possible terms. I look at each of my client's transactions in the same way. I want to make sure they know what is going on at all times and to relieve as much stress from them as I can.

Homebuyer Representation, Inc. is an Exclusive Buyer Brokerage servicing Homebuyers in Salt Lake and Surrounding Areas. We do not list any homes. We do not represent Sellers. We work for BUYERS ONLY on the Buying side of the transaction.

We work to get BUYERS the Best Price and Terms when they Buy...

"We're the Real Estate Agents who Represent the Home Buyer" TM

If you are thinking about buying a $300,000-$600,000 home in the Salt Lake area in the next 30-90 days, call us at (801) 969-8989 or contact us via the link on this page.