Real Estate Information Archive

Yes the feds cut interest-rates but how does this affect real estate loans? 

• Mortgage rates are not tied to the federal reserve rate which is the overnight bank to bank borrowing rate.
• Mortgage rates converse they are tied to the 10 year treasury bond. With that being said, that is a little market to say the least.
• My best advice is to get a loan application submitted to your lender so that when your target rate arrives you can be prepared to jump and lock it quickly. This does not obligate you to anything but in the market like this the demand can overwhelm supply.
• All that said it’s a great time to buy and sell real estate!! With today’s technology you can start shopping in the comfort of your own home!!

Give us a call with your questions!

Cindy Wood Realty Group

801-278-0999

The most requested Real Estate question from my clients and friends is….

When is it a good time to buy and sell real estate in Utah?

There are may factors when making this decision and it is going to be different for everyone and depends on individual circumstances.  It is typically the largest money transaction you will ever make.  To help you make this decision you need to ask yourself many questions. 

1. What is your motivation for moving?  Is it a need or a wish?
   1. A job move
   2. Family needs (yard, larger, downsizing)
2. Is there a better time for your family? School break, summer vacation.
3. How will it affect your family, including animals?
4. Where will you move to?  Rent or purchase?
   1. Are you qualified for a move financially
5. Have you checked on inventory where you are moving to?

Next, make a list of important items which are a must, along with a wish list.  Be clear on what you need verses what you want.  i.e. Number of bedrooms, square feet, schools, location, style etc.

After doing this, see how you feel.  Are you ready…..does it make sense and does it feel right.  Once you are ready, then the process begins.

Call us and we can help you go through this exercise and determine if it is the right time for you. Remember it’s all about you and your needs.

Cindy Wood Realty Group

801-278-0999