Broom Clean and Free of Debris

What exactly does “Broom Clean and Free of Debris” mean when selling a home? For starters, this does not mean the home has been professionally cleaned by any means. Also, when sellers take down art and or photos off the walls, there are often nail holes left behind and the seller is not obligated to spackle them.

 

In addition, once furniture is removed, there can be spots on the carpet and other surprises that the buyer should anticipate potentially dealing with as there is no way to see everything when a home is occupied and there is furniture in the way.

 

Often times when a seller moves out and the home is vacant, many things that were not visible in photographs when furntiure ext. where still in the house, are now visible when empty. This can include stain on carpets, holes in walls and perhaps even issues with other types of flooring, like laminate floors with stains or damage.

 

Be prepared to either hire a professional service to clean the house to your satisfication or factor in the time to do it yourself. Expecting that it will already been done, is an unrealistic expectation and one that cathces a lot of buyers off guard.

 

“People’s perception of broom clean is very different, so buyers should plan on hiring a housecleaner so the home is clean to their liking,” Monique Higginson said. “Often sellers will leave paint or other items at the home, but those should be removed by the seller unless the buyer gives them permission to leave the items.”

 

Pioneer Day or Pie and Beer Day?

If you have lived in Utah for any length of time, especially during the summer months, you have most likely heard the debate of Pioneer Day vs. Pie and Beer Day. Pioneer Day is celebrated on July 24 to commemorate the first Mormon Settlers in the Salt Lake Valley in 1847.

Pie and Beer Day, also celebrated on July 24th, is an annual tradition where bakeries and local restaurants have pies paired with local craft beers.

Whichever holiday you celebrate, or perhaps both, we have found a few places around town that put on an array of fun-tivities.

Pioneer Day

Parades down Main Street, the smell of Brigham’s donuts inside the Social Hall and a beautiful bird show that you can get up close and personal, are some of the main events that make celebrating Pioneer Day at This is the Place Heritage Park unique. Be sure you get in on the watermelon eating contest.

This is the Place Heritage Park

2601 East Sunnyside Ave

Days of ‘47

The celebrations run from July 19th-24th. Cowboy games and the rodeo take place at the Utah State Fair Park. Desert News Marathon kicks off the morning of the 24th with the colorful historic parade beginning shortly after. Families line the streets the night before to get that special seat. Fireworks take place at dusk at Liberty park

Utah State Fair Park

155 1000 W

Liberty Park

900 South 700 East

 

 

 

Pie and Beer Day

 

The Beer Bar will be offering 26 different pairings of pie and beer. Tickets are $30 and include five pairings.

Beer Bar

161 E. 200 S.

2pm-6pm

 

Ogden Bicycle Collective is hosting a celebration at Talisman Brewing Company. There will pie, beer and a raffle, along with a guided community ride and safety inspection. Tickets are just $5.

Talisman Brewing Company

1258 Gibson Ave

4pm-7pm

 

 

 

Route starts at South Temple and State Street.

Then runs East to 200 East.

Then turns South to 900 South.

Then turns East to 600 East (Liberty Park).

 

Courtesy of Daysof47.com 

Hidden Costs for New Homeowners

When the time comes for you to buy a home, new homeowners need to understand that there are ‘hidden’ costs and fees when you are ready to sign on that dotted line. We are calling them ‘hidden’ because they are not included in the actual price of the home, these costs are obtained through the buying process and at the time of closing.

Here is a breakdown of those ‘hidden’ costs.

 

Home Inspection

Although this is an optional expense, it does protect you from purchasing a home that may have a lot of issues that may not be obvious. These can include things like mold, problems with the heating or cooling system or water leaks. A rough estimate for a home inspection is $300-$500. Keep in mind, if you end up not buying the house after the inspection, you are still obligated to pay the fee.

Appraisal

This is a necessary fee that asses the home and property so your lender knows that you are paying what the property is worth. There are times when a seller may have to adjust their asking price due to an appraisal coming in under the amount of asking. Appraisal fees can run $200-$500.

Loan Application Fees

These fees start the entire loan process. A lender will need to run your credit report to ensure you can qualify for a home loan. That fee is included in the application fees. These typically run $75-$300.

Title Services

Title services include running a title search on a property, paying the notary to notarize all the documents that you sign, and the required government filing fees. It is important to get a detailed invoice for these fees so you are fully aware of what you are paying for. These fees run $150-$400.

Origination Fees

These fees go to the lender for creation of the loan. These are paid upfront and include processing the loan application. the underwriting process and the actual funding of the loan. These fees are usually based on a percentage of the loan amount and range from 0.5%-1.5%.

Private Mortgage Insurance (PMI)

If you put less than 20% down on your new home, the lender will require you to purchase PMI. This protects the lender from losing money in the event of a foreclosure. This fee can be re-assessed at such time as you have equity in your home. This fee is based on a percentage of the original loan amount as well.

 

Disclaimer- All dollar amounts and percentages are estimates. 

 

Choosing Investment Properties in Utah

Don’t let the fear of being a landlord keep you from looking into purchasing investment properties. In fact, investment properties can generate great passive income and there are several options to managing the property that can make you a passive participant.

 

If you do not think you can manage your investment by yourself, be sure to calculate property management fees into your strategy. Be sure you learn about fair housing laws and other laws that pertain to the property you are considering purchasing.

Consider taking a landlord or Property Management class to learn how to select tenants, screen them to be sure they qualify, etc.

 

Be aware that many condo complexes have rental restrictions. You will make sure you have covered all these before proceeding.

 

If you choose a home that needs a lot of repairs you will get more phone calls from the tenants, and you may have more liability if protections like smoke detectors, safe electrical systems, etc are not in the home.

 

Choose your strategy. Generally, you get good cash flow or better appreciation. Homes in suburbs of SLC tend to cash flow better because of lower price points but do not go up in value as much as areas like downtown, sugar house, near universities, etc.

If you limit or deny pets, you will limit your pool of potential renters. If you allow pets, be sure to get pet deposits and pet rent.

Where to take you dog in Salt Lake in the summer

The dog days of summer are upon us! We know how much your four-legged friend enjoys hanging with you, wherever you go. Summer in Salt Lake is bursting with options for you and your pooch to get out and enjoy the sunshine. Here are a few of our top picks.

Parks to take your dogs

  • Tanner Park –Plenty of space and great trails for your four-legged friend to run off leash and even enjoy a running creek (stay clear if water is running fast).

2760 Heritage Way

  • Herman Franks Park-Large gravel area for your dog to run and play. Two entrances are well stocked with bags so you can clean up after your pooch.

1300 South 700 East

Hikes for you and your dog

  • Neff’s Canyon-Beautiful scenery and well-groomed trails with a lovely stream. The hike is 6.2 miles and steep in some areas.

4326 White Way

  • Millcreek Canyon-Anther great option to hike with the your four-legged kid. Fairley easy trails with stream and places to stop for a picnic. Depending on the day, your dog may or may not have to be on-leash. Even numbered days they are required to be on-leash.

3800 Millcreek Canyon Road

Patio Friendly Spots

  • Campfire Lounge– with a cool vibe and a great pet-friendly patio, Campfire Lounge serves brunch, drinks and all your favorite snacks like tater tots and mac ‘n cheese bites. With three firepits to gather around, plan on spending a few hours.

837 E. 2100 South

  • Flatbread-Serving pizza, flatbreads and pastas, this sugar house haunt is a fun gathering place to bring all the kiddos, including your hound.

2121 S. McClelland Street, Suite 109