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Move-up buyers

Median hone price increases of approx. have allowed clients to sell their homes with enough equity to purchase a “Buy-up” home. Call us for a free market analysis and market plan. 435-559-3722.

Cedar City new construction

Returning to a level of confidence in our industry, New construction seems to be recovering to prior to the roller coaster ride in 2000 and up. According to the Utah Realtor Association in 2002  at 96%, rising to 121% of normal in 2006, in 2011 back to 84%.

Interesting lending information

So What Exactly is QM?

From January 14th, the new The Ability to Repay, or Qualified Mortgage (QM), Rule comes into force.

The Rule states that a borrower can’t have a higher debt-to-income ratio than 43%. It also lowers the fee that can be charged by the lender to three percent of the loan’s total amount.

Given that a lot of the practices the Rule bans have already disappeared from the mortgage market, the immediate impact on borrowers is going to be minimal. It is also very likely that innovative new mortgage products will launch to further ease the situation.

Nonetheless it is undeniable that, for borrowers with marginal debt-to-income ratios, obtaining a home loan is going to become more challenging. It is therefore even more important that you make sure you link them up with a professional mortgage adviser who will explore every possible avenue. For many new borrowers, however, these changes will not have a significant impact at all, beyond increased scrutiny of their circumstances.

What isn’t going to change in all of this is that we are still living in an incredibly positive market for buyers. Yes, mortgage rates have slowly begun to increase, but they are still remarkably low in historical terms and, together with still very sensible home prices that aren’t expected to rise as steeply this year, the perfect storm for buyers is very much still in place.
Article provided by MGM Mortgage.

 

 

Desirable Seasons town home, listed today.

Be just a few minutes from The new Cedar City Aquatic Center, Lake on the Hill, and The Glacier Ice Skating ring. 1840 sq ft  on one level with 2 car garages. This home in Mesa Hills is “dolled-up” with granite and other upgrades. Listed at $194,500. Talk to us about seeing this or any other Cedar City Real Estate.

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Great value

New listing today, lightly used super clean nice one level home in Westview Estates. Located on the west side of Cedar City. $178,877 buys three bedrooms and 2 baths with 2 car garage. Real Estate is moving into the spring-swing of things!

New listings for the new year

Listing today is a new constuction 1834 sq ft. one level home with spacious three car garage. Located the corner of Hillcrest and Cove Dr. This home will have beautiful custom cabinetry, tile flooring and granite. Outside will be front landscaped, partial block wall fenced. Super location a stone’s through away from the Lake on the Hill, new aquatic center, Churches, shopping and school.  Reserve now to personalize. $232,987, Call Rich for details 435-559-3722. Read more

Nice home ready for a new owner

This four bedroom, two bath home has large family and yard. Partially furnished! Just a short distance to shopping, schools and other amenities. Very reasonably priced. MLS# 65177.

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New things to do

Another fun thing to do in Cedar City, check this out Cedar Ice Skating Ring, in conjunction with the Aquatic Center and Lake on the Hill. There is a full schedule of events at the Aquatic Center, including water aerobics and Zumba.

Interested in living in the area? Give us a call we will sent any home or lot available the meets your needs. Ask for homes in the Mesa Hills area. Nice residential living with easy access to lots of amenities and schools.

staging.cedarcity-realestate.com

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Stay in touch with us!

Many buyers and sellers believe that the need to stay in touch with their real estate professional ends at the closing. We are here for you always! 

As an ERA® professional, one of the benefits I am pleased to offer is a program that provides both my past and present clients with valuable savings from participating local and national vendors. The ERA® Select Consumer Services suite of products and services offers convenience and cost savings that you can take advantage of through the lifetime of your homeownership. From mortgage services and home warranties to discounts on rental cars, hotels and tax services, ERA® Select Consumer Services is your one-stop resource for your home and real estate needs. For more information on this rewarding program, please visit ERA.com or contact me directly.

Real estate is a relationship business. Though you may not be looking to sell or buy a home anytime soon, that doesn’t mean I don’t value you as a client. While I may have worked to meet your real estate needs in the past, I still consider you to be a “customer for life!”

In the future, if I can be of service, please feel free to ask. Whether it is to provide home maintenance tips, remodeling advice or simply a quick estimate of the value of your home, I will be more than happy to help.

Best Regards,
Richard