10 Real Estate Terms You Need to Know

rawpixel-661940-unsplashFirst time and season homebuyers alike often are bombarded with real estate terms and jargon. We have compiled a list of 10 terms you can use to understand the lingo.

Amortization
Essentially, this term is used to describe the repayment schedule of a loan including both principal or the original amount borrowed and interest. Amortization schedules are often displayed in table format highlighting the amount of principal and interest included with each payment. The table also includes the remaining loan balance after each payment.

Assessed value
The dollar value assigned to a property by a governing authority to levy a tax or fee on the property owner. The assessed value of your home is used mostly for tax purposes and refinancing.

Buyer’s agent
A real estate agent who represents the best interest of a home buyer. They guide you through the complex transaction of purchasing a home or property. Accredited Buyer’s Representatives are buyer’s agents who have successfully completed specialized coursework in representing buyers.

Closing costs
Fees paid at the closing of a real estate transaction. Closing costs vary but can include attorney fees, credit report fees, documentation preparation fees, title insurance fees, appraisal and inspection fees.

Contingencies
Conditions that must be met prior to closing a real estate transaction are called contingencies. Many offers include a home inspection contingency that ensures the home has no serious defects. Other contingencies include financing or selling a property before purchasing the new one. Offers with fewer contingencies give the buyer more negotiating power.

Earnest money
Usually held by a neutral party, earnest money is a “good faith” deposit buyers make demonstrating their interest and ability in purchasing a property. Buyer’s can lose the deposit by backing out of the sales contract.

Preapproval
Not to be confused with pre-qualification, a pre-approval is a lender’s written guarantee that a buyer qualifies for a loan up to x amount. Financing is subject to receiving full documentation regardless of obtaining a preapproval. Buyer’s with preapprovals have a better chance of their offers being accepted by the seller.

PMI
Private mortgage insurance consists of a monthly payment to a lender when a buyer’s down payment is less than 20 percent. PMI protects lenders against loss if the borrower defaults on the loan.

Seller’s agent
Contrasting a buyer’s agent, the seller’s agent represents the best interest of the seller in a real estate transaction. This representation includes marketing the home to potential buyers and negotiating on the seller’s behalf.

Title insurance
A type of insurance that protects your home purchase against any unknown liens or debts placed against the property. Typically, public records are searched to ensure that the current owner has legal rights to the title and the legal ability to sell the home before the title company issues insurance.

Ogden Raptors 2018 Schedule & Promotions

baseball-647423_640The Raptors kicked off their 2018 season on June 15 in Idaho Falls. They have their first home game on June 19 against Orem.

The Lindquist Field offers nightly promotions. Mini-Monday offers miniature collectibles ranging from bobble heads to rings for the first 500 fans. Coupon Tuesday provides a free hot dog with the purchase of a 32 oz. soda or 20 oz. beer. Wednesday is Poster Night and the first 50 fans receive a free Raptors poster. Looking for half-priced drinks or $2 12-ounce beers? Look no further Thirsty Thursday has got you covered. Free Tee Friday gives the first 30 fans a promotional Raptors shirt. Saturday is date night. Buy your ticket and get your date’s ticket for free! Kid’s 12 and under are free on Sundays and don’t forget to wear your Hawaiian shirts.

The Raptors offer various ticket options including season tickets, group tickets for parties of 20 or more and a pre-game picnic package. Tickets go fast and the Lindquist Field is often sold out. So reserve your seat today with the picnic package that comes with a reserved box seat and an all-you-can-buffet consisting of jumbo hot dogs, hamburgers, cheeseburgers, chicken, potato salad, baked beans, chips, cookies and bottomless drinks. For more information on this season’s ticket prices please visit the Lindquist Field’s website.

Here is a list of the upcoming home games:

June 19 OREM 7 p.m.
June 20 OREM 7 p.m.
June 23 GRAND JUNCTION 7 p.m.
June 24 GRAND JUNCTION 4 p.m.
June 25 GRAND JUNCTION 7 p.m.
June 26 OREM 7 p.m.
June 27 OREM 7 p.m.
June 30 IDAHO FALLS 7 p.m.
July 1 IDAHO FALLS 4 p.m.
July 2 IDAHO FALLS 7 p.m.
July 3 IDAHO FALLS 7 p.m.
July 10 MISSOULA 7 p.m.
July 11 MISSOULA 7 p.m.
July 12 MISSOULA 4 p.m.
July 13 MISSOULA 7 p.m.
July 14 MISSOULA 7 p.m.
July 15 HELENA 4 p.m.
July 16 HELENA 7 p.m.
July 25 GRAND JUNCTION 7 p.m.
July 26 GRAND JUNCTION 7 p.m.
July 27 GRAND JUNCTION 7 p.m.
July 28 IDAHO FALLS 7 p.m.
July 29 IDAHO FALLS 4 p.m.
Aug 2 OREM 7 p.m.
Aug 3 OREM 7 p.m.
Aug 4 OREM 7 p.m.
Aug 5 OREM 4 p.m.
Aug 17 BILLINGS 7 p.m.
Aug 18 BILLINGS 7 p.m.
Aug 19 BILLINGS 4 p.m.
Aug 20 GREAT FALLS 6:30 p.m.
Aug 21 GREAT FALLS 6:30 p.m.
Aug 22 GREAT FALLS 6:30 p.m.
Aug 23 GREAT FALLS 6:30 p.m.
Aug 29 GRAND JUNCTION 6:30 p.m.
Aug 30 GRAND JUNCTION 6:30 p.m.
Aug 31 GRAND JUNCTION 6:30 p.m.
Sept 1 GRAND JUNCTION 6:30 p.m.

Quick Gardening Tips

annie-spratt-667051-unsplashSpring and gardening season is upon us. A hobby like gardening takes time, effort and money. Clever gardeners figure out little hacks and short cuts that save them in more ways than one. After all, gardening is cheaper than therapy plus you get yummy fruits and vegetables.

  • Soaking
    Soak your seeds in warm water before planting is an inexpensive trick that can help get your plants ready to root and grow strong, durable plants.
  • Get crafty
    Make your own garden markers. Homemade garden markers are not only functional, but cute too. You can use rocks you find outside or in your garden. Use a sharpie and paint to make your homemade markers more colorful. You also can use plastic silverware you have laying around the house. Find out more about DIY garden markers here.
  • Use diapers
    Lay diapers in your pots to moisten your soil longer. Make sure to cut the elastic edges off and lay the diapers with the absorbent side up to maximize moisture retention.
  • Repurpose
    Turn empty milk jugs into homemade watering cans. The best part is that you get a watering can that always pours how you like. If it doesn’t, you can just make a new one. Here are the step-by-step instructions.
  • Keep egg shells
    Quit throwing away your egg shells. They can be used as a natural fertilizer for your soil and to start seedlings. Want to protect your plants from insects? Just place the egg shells around the base of your plants and viola, you have a homemade insecticide minus all the chemicals and toxins.
  • Rice water
    And your leftover rice water can be used as an environmentally safe and chemical-free fertilizer. So instead of throwing your rice water down the drain pour it on your plants to naturally provide much needed nutrients.
  • Even coffee grounds
    Your used coffee grounds naturally ward off slugs. They also help prevent mold and mildew growth. Besides, used coffee grounds are an essentially free natural fertilizer that you would have just tossed out anyway.
  • And toilet paper
    Use toilet paper to make seed tape. Honestly, seeds can be tiny, and the toilet paper can help you organize, space and plant these small seeds as evenly as possible. Here you can find the instructions on how to make seed tape from toilet paper.
  • Don’t forget leftovers
    Plant more herbs and vegetables from left over store bought plants including herbs, celery, onions and more. With green onion you can chop off the bottoms, let them dry, plant them after a few days and they will start sprouting in no time.

Fun for Everyone in Salt Lake City Utah

canstockphoto39831329Are you looking for some entertaining fun for the kids, the whole family or even just yourself? There really is something for everyone in Salt Lake County from indoor parks to seeing exotic animals at the zoo.

 

For the kiddos:

  • The wAIRhouse Indoor Trampoline Park

Fun for all ages this trampoline park was rated the number 1 place to take children in and around Salt Lake by Kids Out and About. The fun center also boasts 2 huge open jump courts, two dodgeball courts, four slam-dunk basketball lanes and a foam pit. Younger children enjoy playing in the Kid’s AIRena. In addition, everyone getting hungry isn’t a problem with their Vertical Café.

  • Discovery Gateway Children’s Museum

Rated number 2, this children’s museum offers 60,000 square feet of interactive, hands-on fun. Children explore engaging workshops, programs and exhibits when visiting Discovery Gateway. Invite the whole family to create, learn and play together in the heart of the Gateway shopping center in downtown Salt Lake City.

 

For the whole family:

  • Hogle Zoo

Visit the animals of the African Savanna, the bears and pinnipeds at Rocky Shores or the big cats of the Asian Highlands and so much more at Utah’s Hogle Zoo. This family friendly venue provides fun and entertainment through its exhibits, events, classes and daily programs. Summer is the best time of year to bring the whole family. Please visit their website for more information.

  • Clark Planetarium

Explore 10,000 square feet of exhibits while experiencing incredible visuals in the Orbital ATK 3D IMAX theatre or Hansen Dome Theatre with this great family space. Don’t miss out on your chance to see a star or light show and a 3D documentary. Clark Planetarium also provides the perfect party venue with the ability to host groups of 20 to even 800 people.

 

For adults:

  • Keys on Main

Need some adult time? Whether it’s a birthday celebration, bachelorette party, girl’s night, date night or really any night out, Keys on Main is the perfect spot. Enjoy the Dueling Piano Show that takes requests from the crowd. From country to pop, rock to hip-hop, you never know what to expect. Great drinks, great music, great friends and one heck of a good time.

  • Catch a game

Salt Lake County houses three professional sports teams. Catch a fly ball with the Salt Lake Bees April through September. Run the futbol March through October with Real Salt Lak. Don’t miss Gordon Hayward and Joel Bolomboy with the Utah Jazz. Their games are always a slam dunk.

5 Reasons You Should Sell Your Utah Home in 2018

If you’ve been toying with the idea of putting your house on the market, it’s time to stop thinking and start doing. The real estate market is in good shape heading into 2018, and we’ve got five reasons why now is the time to sell.

  1. Prices are still rising. Utah home prices have been skyrocketing. In 2017, average home prices rose by 5.5%, which makes it a great climate to get the most out of your house. In fact, Realtor.com named Salt Lake City the sixth hottest housing market in the nation for 2018. And, while it’s not quite as large as last year, prices are predicted to continue growing by a rate of 4.5%.  
  1. Tech is driving new buyers into the market. With the continued growth of high tech jobs on the Silicon Slopes, people from places like high-priced Silicon Valley and Seattle are swarming to Utah for a better cost of living and a higher quality of life. Buyers from these inflated markets are happy to pay asking price (or more) for your Utah home. Forbes, which ranked Salt Lake City the number four city in the U.S. for tech jobs, touted housing prices as a major attractant for high tech talent.
  1. Demand is outpacing supply. If you’ve been on the other side of the housing market recently (trying to buy) then you already know that houses are selling faster than we can list them. In May 2017, the average time from listing to sale in Utah was just nine days—9!! There’s no reason to believe that pace is slowing down. Right now it’s a seller’s market, which means you can get more out of your home—and you can get it without months of showings, open houses, and crossing your fingers.
  1. Millenials are ready to settle down. You probably know that the millennial generation now outnumbers the baby boomers. And they’re the perfect age to putting down roots. Although this group (ages 36-18) has been known for their resistance to societal norms—they’re not set on getting married, going to church every Sunday, or buying a home—those norms, they are a’changing. According to Realtor.com, millennials could make up 43% of buyers in 2018, and Utah is on track to make that happen, with 38% of all new mortgages in 2016 going to millennial borrowers.
  1. Interest rates still look good. For now, at least, interest rates are still low. But it’s not going to stay that way forever. It’s predicted that rates could reach close to 5% by the year’s end, which means the sooner you put your house into the 2018 housing market the better. Chances are savvy buyers are going to act fast to take advantage of rates before they rise. Don’t miss your chance to cash in on this friendly seller’s market.

canstockphoto19275037Don’t Miss Out

Any way you look at it, 2018 is shaping up to be a great year to sell your home. With low mortgage rates, abundant demand, and rising prices, it makes sense to take action now while the real estate market in Utah is on fire. These trends may not last forever, so why wait to find out what you could get for your Wasatch Front home? Contact us today to find out how you can take advantage of one of the hottest markets the Beehive State has ever seen.

Davis County’s Haunted Houses

candles-195109_640Halloween is just around the corner. Soon the allure of haunted houses and other frightful adventures will be too strong resist. Give in to temptation with these scary attractions in Davis County.

Frightmares at Lagoon

Utah’s premier destination for family friendly Halloween fun, Lagoon offers something for everyone. Their Fun House of Fear combines strange, freakish and odd. Terrors of the Past lets patrons relive old school nightmares by showcasing some of the most popular houses of the previous Frightmares. You can experience The Labyrinth, Nightmare Midway, Haunted High School, Haunted Hollywood and Deception. Another scary attraction is the Zombie Lockdown. Don’t worry the outbreak has been contained, but once you enter the prison you may never be the same. All attractions are open Fridays through Sundays 5 p.m. to close.

Haunted Kays Cross

Utah’s rated number one scariest place is opening Oct. 16. Haunted Kays Cross also made the Top 100 Scariest Places in America list. Not quite a haunted house, Kay’s Cross is a three-quarter mile haunted, wooded outdoor area. It’s $12 for Kay’s Haunt and $5 for Kay’s Tour and History. Open the 16 through the 31 from 7:30 to 11 p.m. Learn more about the legend here.

Great Room Escape

Haunted House meets mystery zombie thriller at Great Room Escape in Layton. This fully interactive, immersive experience is different than anything you have ever done before. Bring you family and friends up to 12. Enter a room with one hour to escape. Clues and riddles hidden throughout the room reveal the tools you need to get out as the clock runs out. Can you stay calm and get out before the zombies get in?

Other Halloween Events in the area:

Cherry Hill Scary Hill

Scary Hill at Cherry Hill is Halloween fun minus the haunted attractions. They offer unlimited day passes for children ages five and up for $9.99. Passes for children ages three and four are $4.99 while children two and younger are always free. Bring the whole family to enjoy Scary Hill miniature golf, bone yard tractor rides, a spooky maze, spider aeroball and much more. Scary Hill is open September 30 through Oct. 29 excluding Sundays and Halloween Day. Please visit their website for specific hours.

5 Tips For Choosing a Builder

Great news! You’ve decided to have yocanstockphoto45908ur dream home built. But now what? Here are few considerations to help you avoid headaches, hidden costs and keep everything on track and running smoothly.

1. First Define Your Needs
Evaluate the type or types of home you are looking for, your price range and personal style. Keep in mind that some builders construct a broad range of homes and others specialize in specific types. You want to find the perfect fit to match your needs.

2. Do Your Homework
Obviously finding a reputable builder is priority number one, but remember that not all builders advertise. Some often rely on word-of-mouth and referrals for business. Ask your friends, family and co-workers who have recently purchased a new home or had one built for any recommendations. You also can check with your local chapter of the National Association of Home Builders. They can provide a list of experienced builders that produce quality work.

3. Shop Around
When visiting display homes, remember that not all homes are created equal. Don’t be fooled by the cheapest estimate, make sure you are making direct comparisons when possible from multiple builders. Look for quality and value. You should also be on the lookout for builder promotions that offer big discounts and even bonus inclusions such as an office or den.

4. Ask for a fixed price
You will want to avoid contracts with long lists of estimates and to be announced or to de determined pricing. Ensuring that you have information about every cost will help you avoid ending up with sky-rocketed price. Also, keep an eye out for suspicious clauses such as “pending test.”

5. Develop a Well-Written Contract
Communication is key to success. Disputes between parties often arise due to issues that the contract didn’t adequately address. A critical tool in reducing liability and future friction is a well-written contract that is a product of parties’ negotiations, describes in great detail the rights and obligations of each party and fairly allocates the risks inherent in the project.

Best Places in Utah to Visit Before Spring Ends

Utah is home to some of the world’s top natural monuments and locations. The spring time offers many locations one can visit and enjoy in the special place called Utah.

gorge-3777_640

Zion National Park

This article details some top places one can visit in Utah before the end of spring. The places are as follows.

  • Arches National Park: Arches National Park has more than 2,000 stone curves that range from thin splits in the stone to the heavenly 300-foot long Landscape Arch. They are the aftereffect of a great many years of disintegration, testimony, and other topographical occasions that have influenced the delicate sandstone. For a short visit, you can take the 18-mile long grand street, yet you will see a great deal more by climbing one of the restricted unmarked trails. Stroll with care, as the encompassing desert plants are delicate. People have been living in the territory for a long time and you can see vivid, extensive pictographs a couple of miles north of Moab.
  • Zion National Park: The most seasoned and the most prominent Utah National Park, Zion signifies “eminent mountain” and the glory of the encompassing nature motivates reverence. Nature has cut a fabulous topographical aggregation for guests to appreciate: opening gulches, brilliant sandstone bluffs, towers, stone monuments, streams, and waterfalls. Situated in southwest Utah, the recreation center is best known for its brilliant Zion Canyon red precipices.
  • Monument Valley: Monument Valley looks today a similar way it looked a great many years prior. You will see an unending skyline with a broad horizon and gigantic extraordinary buttes standing out and isolated by profound gullies. Made by centuries of constant work in the interest of wind and water, the buttes can be found in solace from the 14-mile long soil street that crosses the Valley.
  • Great Salt Lake: The Great Salt Lake, which fringes the state’s capital, Salt Lake City, is salty on the grounds that its tributary streams are always transporting little measures of salt broke down from the encompassing rocks in their water. Once the water goes to the Great Salt Lake, the water dissipates in warmth, deserting the salt. Moreover, the lake does not have any outlets to give a portion of the salty water a chance to out. The lake is 75 miles in length and 35 miles wide, and it is spread over various level bowls. It is all that remaining parts from the last ice age lake, Lake Bonneville.
  • Canyonlands Park: Around 35 miles from Moab in southeast Utah, Canyonlands National Park is partitioned into three fragments that are isolated by the Colorado and Green Rivers, which course through Canyonlands. Canyonlands National Park is world-celebrated and one of the best places to visit in Utah. You can scarcely get a look at the waterways from the edge, however you will see numerous sandstone columns, ravine labyrinths, and unbroken scarp on the gully sides. One fragment or area is a high plateau called the Island in the Sky, a headland around 2,000 feet over the streams.

In conclusion, these natural monuments and parks displace Utah’s grace in all its beauty. Spring time is the best time to visit them, so start packing and get ready for the adventure of a lifetime.

Protecting Your Home From Floods

As Utah keeps getting hit with some major snow storms, you can’t help but think about where all the water will go come Spring. If your home lies in an area that is more prone to flooding, here are some tips to protect your family and home.

Flooded HomeProtect your belongings by filing important paperwork in a deposit back which is waterproof. In addition, make sure your possessions are covered under your insurance policy. Keep a written log or photograph all your major house items and valuables. To find out what your insurance plan covers, make sure to talk with your insurance provider.

Take a moment to prepare your home for a flood. If you have a sump pump, make sure you have a battery-operated backup in case of power failure. Make sure your furnace and water heater are elevated on cement blocks (at least 12 inches above the ground) and anchor any fuel tanks.

As you prepare your home for a flood, remember to also develop an emergency plan for your family. Plan for an emergency by stocking up on drinking water, canned food, blankets, and a first aid kit. In addition to this items, be sure to store a radio and flashlight as part of your emergency plan. As you continue to plan for an emergency, ask an out-of-state family member or friend to be your family contact. Remember to also have a plan to protect your pets in case of a flood.

Want some additional tips to prepare for a flood? Check out this Preparation Guide.

7 National Parks to Visit Before Summer Ends

Adventure is just around the corner in Utah. With plenty of attractions to see, activities to do and places to go, Utah offers non-stop fun. That said, summer gets busy with work, family gatherings and outings with friends. Here is a list of seven national parks to visit before the frost settles.

canstockphoto2627805

1. Visit the Super Six: Arches, Canyonlands, Capitol Reef, and Goblin Valley National
Parks along with the San Rafael Swell and Swasey’s Beach. This awesome excursion allows you to see multiple national parks and two geographical features. San Rafael Swell is a 75 by 40 miles giant dome-shaped anticline. Infrequent, powerful flash floods shaped this area into the sedimentary rocks, valleys, canyons, gorges, mesas and buttes you see today. Swasey’s Beach located just north of Green River provides the perfect place to cool off while touring the rest of the Super Six. A white sandy beach shaded by cottonwood trees and refreshing water make this beach the perfect spot for families to play.

2. Monument Valley
Located within 27,000 miles of Navajo Indian Reservation, Monument Valley is known for its picturesque red mesas, buttes and surrounding desserts. This Navajo Tribal Park has been in numerous films and commercials. The famous Valley Drive consists of a 17-mile self-drive dirt road complete with several pullout areas for viewing the spectacular scenery, famous sights and formations. Visit the Monument Valley Visitor Center For more information and guided tours.

3. Zion National Park
Utah’s first national park provides an opportunity to enjoy the outdoors and a rich geological history. The gorgeous sandstone cliffs exposing the red, pink and cream canyon entices people from all over the country. You can enjoy a large variety of unique plant and animal life while you are backpacking, biking, canyoneering, climbing, horseback riding, boating or bird watching through this natural wonderland.

4. Dinosaur National Monument
Numerous Jurassic period fossils have been discovered at Dinosaur National Monument. In fact, visitors can see fossils embedded in the wall of Carnegie Quarry. This cross-section of mountains, rivers and desert is perfect for exploring, hiking, rafting and camping.

5. Golden Spike National Historic Site
To the north of the Great Salt Lake lies the point where the first transcontinental railroad formed. The Union Pacific and Central Pacific Railroads joined at the Golden Spike National Historic Site on May 10, 1869 when the last spike also called the “Golden Spike” was ceremonially driven in. The Visitor Center helps illustrate the importance of the railroad in opening up and exploring the west.

6. Bryce Canyon
This national park is known for its hoodoos. Wind and water eroded odd-shaped rock pillars over time. Filled with a variety of hiking trails with easy, moderate and strenuous options, the park allows you to spend as much or as little time in the park as you want. You can even go horseback riding along some of the trails and go camping with your family and friends. Stargaze on one of the guided moonlight hikes.

7. Grand Staircase Escalante National Monument
One of the less crowded national parks in Utah, the Grand Staircase Escalante National Monument provides a sense of remoteness and tranquility. You can drive for miles down paved and dirt roads without ever seeing another car. However, you will see plenty of beautiful scenery mixed with canyons, arches, hills, waterfalls, forest and scrubland.