Buy Local First Utah

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March 26th, 2018 Buy Local First Utah

Make your offer stand out this spring

Ready for the spring home buying season? In today’s strong housing market, multiple offers are the norm in many areas. It’s definitely a seller’s market. Here are some things to keep in mind as you get ready to make an offer on a property: Think twice about making lowball offers. It’s an enduring myth among home buyers: Many people think the only way to make an offer on a home is by making a lowball offer and work up from there to get the best deal possible. But in reality, lowball offers aren’t as effective as you might think unless the property has langu...

March 21st, 2018 | Home Buying Tips, Make your offer stand out this spring

The cost of waiting to buy a home

Thinking of waiting another year or two to buy a home? If home prices and mortgage rates increase in the next year or two, home buyers in Utah could end up with significantly less buying power than they have today. Today’s mortgage rates are near historic lows. But they aren’t expected to stay that way. Various housing groups and economists are predicting mortgage rates will rise to between 4.5% and 5% by the end of the year. The National Association of Realtors also is expecting home prices to increase in 2018 by an average of 3.2 percent nationally, with the highe...

March 7th, 2018 | First-Time Homebuyers, Home Buying Tips, Home Values, Interest Rates, The cost of waiting to buy a home