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Nathan Pierce

Loan Officer

NMLS ID 12920

801-272-0600 nathan@advancedfunding.com

Blog

 

Inexpensive Ways to Get Your Home Ready to Sell in Utah

You want to sell your Utah home, but you don’t have a lot of money to invest in repairs and upgrades before it hits the market. You’re in luck! There’s a lot you can do to make your home more inviting to potential buyers that don’t cost a fortune. Here are some fairly inexpensive steps you can take before you list your home: Clean the carpets. Investing in a professional carpet cleaning can be a great move, especially if you have small children and pets. Stained carpets aren’t exactly aesthetically appealing, and carpets can harbor all kinds of odors. Make s...

April 20th, 2015 | Home Improvement, Home Buying or Selling, Inexpensive Ways to Get Your Home Ready to Sell in Utah

Distressed Properties: What’s Changed for Homebuyers

Interested in buying a distressed property in Salt Lake City? You’ll still find these types of homes on the market. But there are definitely fewer bank-owned properties and short sales available for sale today than there were a couple of years ago. Beyond a smaller supply of available properties, here’s what else has changed for home buyers: Discounts aren’t as deep. Foreclosures are selling for less of a discount than in the past – in general, between 12 percent and 16 percent off-market prices compared with discounts of 20 percent or more in the past. That’s ...

April 16th, 2015 | Home Buying or Selling, Distressed Properties: What’s Changed for Homebuyers

Appraisal Anxiety Have You Down? Here’s How to Cope

If you’re buying or selling a home in Utah, you may be worried about the appraisal. What should you do if the appraisal comes up short? Here are some options for both buyers and sellers: For Sellers: Walk away. If the appraised value comes in lower than what a buyer is willing to pay, that buyer may want you to lower your price. You can do that, or you can walk away and put the property back on the market with hopes that a new buyer, new lender and new appraiser could yield different results. There is a chance, of course, you’ll end up in the same situation. Order a new ap...

April 12th, 2015 | Home Buying or Selling, Appraisal Anxiety Have You Down? Here’s How to Cope

The Most Common Homebuying Mistakes

In the market for a new home? You’ll want to avoid these common mistakes made by first-time buyers – and even those who already have purchased a home or two before.   Shopping Before Getting Pre-Approved Without consulting with mortgage companies in Utah first, you aren’t going to know how much house you can afford. And if you find a home you want to buy, sellers in today’s market may disregard your offer if you aren’t pre-qualified by a Utah mortgage broker.   Looking for Homes on Your Own Tap the experience and knowledge of a good Re...

April 8th, 2015 | First-time Homebuyers, Home Buying or Selling, The Most Common Homebuying Mistakes

The Benefits of a 203K Home Renovation Loan

Have you heard about the FHA 203K home renovation loan? This innovative loan program is designed to make it much easier to purchase a home in Salt Lake City that needs a lot of repair work or updating. With a 203K loan, home buyers are able to take out one loan for the purchase and improvement of a property. As with the popular FHA Utah home loan program, borrowers can make only a minimal downpayment. Another plus: With only one loan, there’s only one set of closing costs. And once the loan closes, the homeowner then has the funds to immediately begin repair or renovati...

April 5th, 2015 | FHA Loans, Loan Programs, Home Improvement, Home Buying or Selling, Refinance, The Benefits of a 203K Home Renovation Loan

Rebuilding Your Credit and Buying a Home

Have you faced some financial difficulties in recent years but still want to buy a home with a mortgage in Utah? Here are some tips: Order your credit report. Under federal law, you are entitled to one free credit report each year from all three credit-reporting bureaus: Experian, Equifax, and Trans Union. Simply go to Annualcreditreport.com to request your free copy, which you can access within minutes online or elect to have it mailed to you. Your credit report details your payment history – the good and the bad. Be sure to check for any errors and report any inaccuracies....

March 31st, 2015 | Credit and Debt, Home Buying or Selling, First-time Homebuyers, Rebuilding Your Credit and Buying a Home