This month we have chosen to highlight a couple of the exciting events happening in Draper:
For most people, selling a home is one of the biggest financial decisions they will ever make. You want to make sure you have the right person doing the job. What things should you consider when choosing a real estate agent?
In a recent survey only one in twenty consider their current home to be “perfect.” How many of these top 20 things would be in your “perfect” dream home?
In 1980, Ted Benna, a Philadelphia benefits consultant, noticed that a law passed in 1975 could help employers unburden themselves from the responsibility of providing a lifetime of income to their retirees through qualified defined benefit pension plans. He noticed that paragraph “k” of Section 401 on the Internal Revenue Code could be used by employers to allow their employees to take a salary reduction as a tax-deferred contribution to their retirement plans. That was the beginning of the qualified defined contribution 401(k) retirement plans which shifted the burden of providing for retirement from the employer to the employee. [Read more…]
If you’re thinking about buying an existing home or a new home, chances are you’ll need to borrow money from a lender to buy the home. Finding a lender takes work, but it’s not impossible. On average, 13,205 houses sell every day and lenders approve 9,640 borrowers every single day. That’s a lot of loans being approved! Most loans fall into one of three categories: Conventional loans, FHA (Federal Housing Administration) loans, and VA (Veterans Administration) loans. Conventional loans account for account for 76.6 percent of all loans with 92 percent of those loans having a fixed interest rate and 8 percent of those loans having an adjustable interest rate. FHA loans comprise 13.3 percent of all loans and VA loans make up the remaining 10.1 percent of all loans. [Read more…]
In June, 2015, Eagle Mountain experienced its largest volume of existing home sales in the past year. Total existing home sales volume for the month topped $19 million with an average sales price of $231,756, the highest in the past 12 months. June’s total sales volume crushed the previous high in March, 2015 of $14 million. Existing home sales by month were as follows: [Read more…]