What is the difference between pre-qualifying for a mortgage and being pre-approved for a mortgage? When looking for a home, 2 very common terms you will hear are pre-qualified and pre-approved, but do you understand the difference? It is recommended that before you start looking for a home you fully understand how much you can afford. Prequalify Prequalifying should take less than a half hour and require you to answer a few questions. You provide the overall financial picture that you are currently in (income, debt, assets, etc) and the bank will evaluate it and give you an idea for how much you could..
When a tenant moves out, going through the inspection process can be stressful for everyone involved. To minimize disputes, document the condition of the unit just before the tenant takes occupancy using a move-in checklist, and use the same checklist at move-out to assess any repairs that need to be made. Supplement the checklist information by taking photos or videos of the unit prior to handing over the keys to your new tenant. Your renters are responsible for damages that are out of the ordinary, which you can deduct from their security deposit, but they’re not held accountable for the normal wear and tear on..
What questions should you ask, BEFORE you choose an agent? How many transactions have you handled? This is a great way to find out how much experience they actually have. Some agents have only been in the industry for 2-3 years but have helped 50 people, while others may have over 10 years but only handled 6 transactions. What makes you different than all the other agents? Everyone comes with a different personality, skill and work ethic. When meeting with a potential agent, make sure that you interact well with them. They are helping you find your home! Who else is on your real..
Trying to keep up with a dog or a cat in a home can be a handful. In an apartment or even a home, it can sometimes be challenging. Not every rental property or HOA allows pets, but if they do you want to be able to keep up with any damages that may be caused. Here are a few suggestions to help out. Grooming your animal regularly will help keep that unruly hair in check. If you are bathing them at home make sure to clean out the drain, and have a place for them to dry off. You don’t want them destroying the..
Our Sense of Smell… The sense of smell is closely linked with memories, probably more so than any of our other senses. It causes a recollection of memory, emotion and even attraction. Smells can shape our moods, our behavior and and our decisions. Yet it is something that goes mainly “un-noticed” in our daily lives. So why wouldn’t we want to cause a positive reaction to the “smell” of a home. With Fall at our door, why not make your home smell just a bit more like the weather. Whether you are selling a home, renting it out, or simply having friends over, here are some..
We have all done it at some time or another. Spilled “it” on the carpet. Whether it was wax, paint, gum or even punch it is an OOPS that can be very painful on the pocketbook. So how do you get “it” out of carpet???? Here are some common remedies for spilling on the carpeting: I do not guarantee that these will work, or that they won’t destroy your carpet. I have tried them on mine and they have worked well for me, but you ALWAYS want to test before doing any of these to your particular carpet. Wax Use a white towel..
Have you ever hit a time in life where you want to save a little money? Regular purchases of different household items actually add up really quick. Here is a short list we compiled that can save you money by DIYing… DIY cleaners Cleaners can get costly but making your own can help you save big! RealSimple has compiled a list of some great, low cost alternatives to expensive cleaners HERE. No Sew T-Shirt Bags Those plastic store bags are such a waste. Did you know that with a pair of scissors and an old t-shirt you can make a reusable green bag that..
Should I rent or should I buy? How do you know when you are ready to buy? Should you keep renting and save more? What is the benefit of home ownership? These are all questions that we ask at sometime in our lives? Here are some common questions you should be asking if you want to know whether it is right for you to buy or rent. Is your rent on the rise? The majority of rents in Utah are not “rent controlled” which means that they can rise as much or as little as the market bares. Sometimes they increase slightly, but other..
Eviction Amendments Proposal adds 24 days and $1,120 cost + eliminates treble damages A proposal from a State Senator would add 24 days to an eviction, cost $1,120 more each and remove treble damages provisions from Utah Law. The balance in Utah Landlord/Tenant law is threatened by a new proposal to extend the length of an eviction by 24 days and to remove treble damages provisions, according to UAA Executive Director, Paul Smith. “A State Senator reached out to us very early in the process (the 2017 legislature begins in January) about changing the eviction statute to favor tenants. He says..
There is a common myth out there that is believed by many that as long as one person has insurance…. everyone is covered! When speaking about a home in general, lets take mine for example. I have home owners insurance, if a fire breaks out it covers the repairs and replaces “hopefully” all that is lost that can be replaced. But that isn’t necessarily the case when it comes to rental properties. It is becoming increasingly more common for management companies and owners of rental properties to require tenants to have renters insurance. Here are the top reasons why: If your tenant somehow..