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Buyer Tips

Why Was Your Offer Rejected?

Why Was Your Offer Rejected? If you make an offer on a home on The Wasatch Front, there’s always a chance it will get rejected. To decrease the chances of getting your offer rejected, we are going to give you four different reasons why your offer could get rejected. Your offer price was too low. […]

Why Should You Get a Home Inspection?

Why Should You Get a Home Inspection? I find most folks are willing to take a used car to a mechanic to look it over before they purchase the car. They probably spend about $150 to do this, and the car may cost between $5,000 and $10,000. So, why wouldn’t you consider having your home […]

Who Pays Closing Costs in Salt Lake City?

Who Pays Closing Costs in Salt Lake City? Today, we’re going to talk about closing costs. What are they, and who pays them? Closing costs are fees that are associated with the closing of the transaction. That’s when the title of the property is transferred from the seller to the buyer. Closing costs are incurred […]

What to Expect When You’re Inspecting

What to Expect When You’re Inspecting Today I am joined by Fred Larsen from Pillar to Post Home Inspection to answer some common questions about home inspections. So what should you expect when you’re inspecting? The most common issues found during home inspections are water related. Water can get into the house by grading and draining […]

What Should You Know About TRID?

What Should You Know About TRID? Today, we’ll talk about the TRID Mortgage Disclosure Form, which affects both buyers and sellers. This new integrated disclosure rule is the Federal Government’s attempt to clean up and simplify the mortgage closing process. It helps make things easier to understand for buyers. The rule has a good basis, […]

What Sets Realtors Apart From Normal Agents?

What Sets Realtors Apart From Normal Agents? Some people think that all real estate agents are Realtors. What makes a Realtor different than a real estate agent? A career in real estate is complicated enough, and many brokerages require their agents to become Realtors, but it’s not legally required. So, your Realtor is a real estate […]

What Is a Bridge Loan?

What Is a Bridge Loan? What is a bridge loan? Bridge loans are popular when you are purchasing another home before selling your current one. In that scenario, there are two common ways to find the down payment for the new home. One way is financing through a bridge loan and the other is a […]

What Does Reduced Home Affordability Mean for You?

What Does Reduced Home Affordability Mean for You? Home affordability is shrinking rapidly, according to research by Arch Mortgage Insurance.  In the first quarter, affordability (defined as the size of the monthly mortgage payment needed to buy a home) dropped by 5%. This was mainly due to the increase in mortgage rates. As a consequence, more people […]

What Are the Biggest Issues Facing Buyers Today?

What Are the Biggest Issues Facing Buyers Today? Purchasing a home for the first time is no easy task. Today, I’d like to share a list of the six biggest obstacles facing first-time homebuyers: 1. Down payment. Unless you’ve won the lottery or are independently wealthy, you’re probably going to need a mortgage. If you happen […]

What All Homebuyers Must Know About New Construction Properties

What All Homebuyers Must Know About New Construction Properties Have you thought about buying a new construction home? If so, there are five points you need to be aware of:  1. New construction homes aren’t always listed on the MLS. Quite often, home builders have agents working as on-site salespeople in order to increase their control […]

What a Roofing Certification Can Do for You

What a Roofing Certification Can Do for You Today I’m joined by a very special guest, Travis from VIP Roofing, to help me discuss roofing inspections and certifications.  So, what is a roofing certification? Ultimately, a roofing certification gives you a document verifying the condition of your roof. It will give you an idea of […]

Watch Out For These Real Estate Scams

Watch Out For These Real Estate Scams It can be a scary world out there—though a majority of people are good and honest, some like to try taking advantage of others. The real estate market is no exception, so today we’ll be looking at the scams we want to make sure you’re aware of: 1. […]

Using Football to Explain Your Home’s Closing

Using Football to Explain Your Home’s Closing How does football relate to the closing of your property? The analogy we’ve come up with makes a lot of sense, and we hope it will help shine some new light on the process for you if you’ve been thinking about selling. For this analogy, let’s say we […]

This Is How Long a Pre-Approval Usually Lasts

This Is How Long a Pre-Approval Usually Lasts If you’re hoping to buy a home, it’s smart to ponder the question, “How long does a pre-approval last?” Even after you’ve received a lender’s stamp of approval for your financing, weeks or even months could pass before you actually buy a house. Will that pre-approval you […]

The Waiting Game: An $80,000 Mistake

The Waiting Game: An $80,000 Mistake We saw housing prices gain north of 12% along the Wasatch Front and the state of Utah in 2020. That’s remarkable given the circumstances. We know that Utah currently has the lowest unemployment rate in the country. We’re #2 in terms of in-migration, or families relocating to work in […]

The (NAR) National Association of Realtors 2019 Profile of Homebuyers

The National Association of Realtors has released their annual report of Home Buyers and Home Sellers.  There’s some interesting information here that we felt was pertinent and worthy of sharing. We’ll cover this in two parts.  First will be the Home Buyers. • So The first thing I noticed here was that 78% of non-home owners […]

Should You Buy a New Home or Sell Your Old Home First?

Should You Buy a New Home or Sell Your Old Home First? Most home sellers are also homebuyers. Because of this, the inevitable dilemma of which transaction to complete first comes up. Buying first is ideal because it allows you to take your time and there are much fewer hoops to jump through. Most people […]

Should I Buy a Starter Home in Today’s Market?

Should I Buy a Starter Home in Today’s Market? A question about the viability of purchasing a starter home in today’s market was recently posed to us, and it boils down to this: Should you invest now in a starter home or would it be more prudent to wait and save for your forever home? Let’s […]

Rising Interest Rates and What They Mean for You

Interest rates are the hottest topic in the real estate world right now. They’re rising fast; We’ve seen them climb well over 1% this year alone. What does this mean for you as a buyer? For every 1% that interest rates go up, your purchasing power is decreased by 10%. If you were looking at […]

Millennial Home Buyer Mistakes You Should Avoid

Millennial Home Buyer Mistakes You Should Avoid Today I want to speak about some common mistakes that I see Millennial home buyers making when they set out to buy homes. This is going to be brief, because we’re in the busy summer market here in Salt Lake City, but here is what you need to […]

Love It or Leave It: COVID-19 Buyer Protection Plan

Today we want to introduce to you The Stern Team’s Love it or Leave program, the ultimate buyer protection plan for uncertain times.   Buying a home is a big decision, and one that you literally have to live with.  We strive to find you the perfect home, a home that you will love for years […]

Learn about our “Virtual Home Buyer Program”

Learn about our “Virtual Home Buyer Program” We realize that it’s a different sort of time, but the real estate market continues to be going strong! Serious buyers are out there and taking advantage of this opportunity to find their perfect home! We always strive to offer only the best in client experiences so we […]

Key Facts About Home Inspections

Key Facts About Home Inspections To understand how a home inspection benefits you as a buyer, you need to first understand what a home inspector does and what’s all included in a home inspection.  First, although you can choose your own home inspector here in Utah, they aren’t actually required to be licensed in our […]

How to Invest in Real Estate With a Self-Directed IRA

How to Invest in Real Estate With a Self-Directed IRA Did you know that you can use self-directed IRAs to purchase investment property? It’s true. The IRS permits retirement accounts like IRAs to invest in real estate, among other options. There are a lot of advantages to using a self-directed IRA, or a solo 401(k) […]

How to Compete in Multiple Offer Situations

How to Compete in Multiple Offer Situations When inventory is tight, competition between buyers significantly increases. In fact, with as few choices as are on the market right now, it isn’t uncommon for us to see 30 or more offers on a single home. This can be extremely frustrating for buyers. Sometimes against that much […]

How to Compete and Win as a Buyer in a Seller’s Market

How to Compete and Win as a Buyer in a Seller’s Market Sometimes, homebuyers wonder if it’s even worth trying to compete over homes in a hot seller’s market. When there is very little inventory in the market, it isn’t unusual for a single property to receive upwards of 20 offers. And only one buyer […]

How to Buy Property Through a Partnership

How to Buy Property Through a Partnership It’s always our goal to keep you educated about all things real estate so you can accomplish your buying, selling, and investment goals. Today we’ll be talking about how co-borrowers works in real estate. We’ve seen home values increase by over 30% in the last five years, and […]

How Should You Deal With a Low Appraisal?

How Should You Deal With a Low Appraisal? A home appraisal is a part of every home that is bought with financing.  Low appraisals can happen for many reasons, including: -Artificially inflated values because of multiple offers-Incorrect evaluation by the underwriter-An inexperienced appraiser who doesn’t understand influences on value-Market values rising due to limited inventory-Appraisers […]

How Can You Use Crowdfunding to Invest in Real Estate?

How Can You Use Crowdfunding to Invest in Real Estate? Today we are going to talk about real estate investing, crowdfunding style. This morning, when I woke up, I went online and researched crowdfunding in real estate. What I began to notice is that there are dozens of platforms for individuals to begin investing in […]

How Can You Get Your Dream Home on the Wasatch Front?

How Can You Get Your Dream Home on the Wasatch Front? Hey guys, thanks for coming back. If you are a buyer, you’ve likely noticed that the market is hot. We have very little inventory, but there are several things you can do to help you and your offer stand out in this market. The […]

Five Reasons to Hire a Buyer’s Agent

Five Reasons to Hire a Buyer’s Agent When selling, there are many reasons why you should hire a buyer specialist and a showing agent team to go to work for you in 2016. Today, we share the five best ones: First to the property. Because of low inventory in our area, you have to be […]

Feeling Uncertain After Your Home Purchase? Here’s My Advice

Feeling Uncertain After Your Home Purchase? Here’s My Advice With each and every home that I’ve purchased, I’ve gone through this period of cold sweats that we in the industry call “homebuyer’s remorse.” It’s very likely that you may experience it too. So what can you do about it? First, create a list of your top […]

Fannie Mae Assistance Options for Homeowners Impacted by COVID-19

Fannie Mae Assistance Options for Homeowners Impacted by COVID-19 Today we’re going to talk about Fannie Mae assistance options for homeowners impacted by COVID-19. A recent article put together by PRNewswire stated that Fannie Mae wants to help ensure families are given options in these uncertain times in the case of job loss, a reduction in work […]

Don’t Skip This Inspection When Buying in Salt Lake County

Don’t Skip This Inspection When Buying in Salt Lake County Today, we are going to talk about inspecting your sewer line before you buy your home, especially if you are buying an older property. The last thing you want to do is spend an additional $2,500 to $10,000 after you’ve moved into your new house […]