Lisa Udy's Blog

By Lisa Udy | Agent in Providence, UT

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Have Bad Credit? Here Are Some Simple Tips To Improve Your Credit Rating

Posted Under: Credit Score in Logan | June 9, 2011 1:20 PM | 3,048 views | 1 comment

If you are affected by a very low credit rating due to the latest economic difficulties due to the down market, and you just cannot invest in a house, you are not alone.

If you want to buy a house yet can not caused by below-average credit, you have to make a change and have a seat with a professional who will help you fix your credit score and take advantage of affordable real estate prices along with great interest levels in todays economy.

With today's current tightened financing requirements, nearly all loans call for a 620 credit score or more to secure a decent interest rate with a loan are able to afford. Therefore, if you're planning on buying a house before long, you will need to raise your credit score.

You will need to start saving up some money for your down payment. It isn't encouraged to buy a property with out a down payment. Certainly, you'll find mortgage programs which will allow you to buy a house without a down payment, nevertheless, if you were to lose your job or your spouse lost their income and you had to move before paying down your loans primary balance, you will be trapped in an underwater house facing foreclosure. To make this happen, you'll want to begin lowering personal debt and stick to these easy suggestions to raise your current credit score.

Step 1: Research Your Credit Score

Blunders you didn't already know had been in your credit rating may be easily analyzed. Go on over to Annual Credit Report web page for your personal freebie. Make use of your annual permitted absolutely free credit rating in case you haven't done so already. Just take your file and go have a seat with a financial institution that gives credit counseling services.

If you locate problems you can get these resolved and see an excellent uptick in your credit score within as little as 30 days. Should you be slightly below the gold mark of the 620 ranking, this could be all you need to do to raise it up. You'll be able to get rid of glitches by simply communicating with the major credit bureaus and submitting a letter for them to investigate.

Step 2: Try to make All Monthly payments When They're Due

It is hard to cover debts in a timely manner nonetheless its fundamental to get your score where it needs to be. Everyone understands that they need to pay their monthly bills in a timely manner, but the main problem is we do not want to! I despise bill paying, but I understand I've got to, and so would you in order to get your credit score where it needs to be. You'll save income paying your bills by configuring automatic monthly payments if possible.

It will also make it easier to keep payments up to par since they're automatically taken out of your bank account. If one makes your obligations when they're due, you will notice a fantastic surge in your credit score with as little as 6 months time. Overdue monthly payments are going to have precisely the same impact, however it will lower your score instead, so stop making late payments and watch your score climb.

Step 3: Pay Back Debt And Minimize Debit Card Account Balances

A fantastic personal debt to income percentage is beneath the fifty % mark. As a way to get a mortgage, you will need to lower personal debt to a managable level, pay down your credit cards, but keep your credit flowing by maintaining a small credit card balance.

When you continue to have a minor amount on your bank card it will raise your overall credit score as long as you make your payments by the due date. Make use of your bank card over the month for petrol or household goods, and then pay it back at the end of the month and recycle this process.

Step 4: You Should Not Start Fresh Credit Or Sign Up For New Credit

Lessen your credit impact whenever feasible. Of course, you can use your charge cards, but don't go applying for credit to buy a different car or furnishings. Additional outstanding credit accounts you've got, the more your credit score will drop.

Manage four or fewer accounts when your credit is involved at this time. Whenever you apply for new credit, you're credit score can fall about ten points.

Using these helpful suggestions, you'll be able to reduce your financial debt, conserve cash for a down payment, and improve your credit score to purchase your new home in under a year. Concentrate on paying things off and very soon you can aquire that home you've gotten always desired.

It is going to be difficult to obtain a great credit rating, so don't end up being discouraged. In order to become a property owner you must take financial responsibility by the horns so that you can take on that next step to further improve your livelihood. The prize of buying a home will be worth the time and effort.
What Is My Cache County Property Worth In Today's Down Economy?

Posted Under: Home Selling in Logan | June 2, 2011 2:19 PM | 2,790 views | No comments

Ever since the declining housing market I’ve been getting a large amount of queries from past clientele wondering how much their Cache County Utah house is valued at. It’s hard to reply to this question due to the current real estate market ailments, as almost all properties have dropped in price ever since the economic collapse started in '07. When I get asked the question just how much is my house valued at, I must be very careful in the way I answer it. Here is why:

First and foremost, none of us really know precisely how much your home is worth, so it’s crucial for you to realise that your property is simply worth what someone will pay for it. Whatever you paid for your home has no bearing on what the market place will tolerate. The only method to actually understand what your property is valued at is usually to put it on the market and see what offers, if any, you can receive.

Nonetheless, there's a simple way that will give you an idea of how much your house is valued at. Real estate brokers have accessibility to a lot of property information from the MLS, and we work with this data to compare your home to other’s which have just sold. This is known as a CMA or Comparable Market Analysis.

What’s In A Comparable Market Analysis?

As the name suggests, a Comparable Market Assessment or CMA, is a report comparing your house with other houses which have recently sold. Real estate brokers use this report to identify a potential range of prices in which your property should be priced at for you to sell.

The main reason it’s an array is, like I expressed earlier, we can’t reveal an exact number your property is most likely to sell for. There’s also a time period factor involved.

For example, say you need to sell your house fast since you need to move for your new job. If you want to sell your house faster than the typical days on market in your neighborhood, your home has to be listed in the proper value range for your timeframe. Which means your price ought to be in the bottom range of the price range.

Now, let's imagine you live in Hyde Park where Hyde Park Utah real esate average price range measures $240,000 to $250,000. If you need to sell quickly, you will need to price your property around $242,000 or perhaps a bit under at $240,000. This could provide you with the greatest chance to pull in offers from home buyers fast.

What If You Would Like To Acquire More Money?

I get asked this a great deal. I provide a CMA to a potential client and nearly every occasion, regardless of how much I educate them, they'll elect to price the home in the upper end of the price range.

Now, please don't get me wrong, it’s their house and their finances at stake. They've got every right to choose a value they are confident with, and I generally let them decide on the selling price, my employment is to always educate.

Nevertheless, I believe this course may be a lost cause in todays current market. It’s important to be sensible concerning the market statistics in the area you’re trying to sell. If your house is within the city limits and you’re in the same range of prices close to $230,000 to $250,000 - You're going to have an enormous volume of competition.

Unless your property is completely breathtaking; I’m talking super clean, just recently up graded, nice upgrades, sleek floor plan, as well as an immaculate yard, your home is likely to sit on the marketplace for a very long time if you price it to high.

Home buyers today are more well-informed about market stats and conditions than any other time with the ease of accessibility to on-line information. Greater than 90% of home buyers research houses on the web, and you could bet they've already viewed each and every home in your price selection. But if your residence is overpriced, they know it, so they won’t abandon their computer to examine your home in person.

Just where Should You Price Your Home?

With all the info I recently discussed, pricing your house still is dependant on what amount you owe and the period of time you have to move. Just where should you price your property? I just can’t inform you of that, neither should another realtor either.

You need to decide a price you’re happy with. It's our job to teach you on the current housing market, a potential price range on your home to be in, and just how long it could take to get the property sold dependant on different price ranges. But don’t expect an ethical real estate agent to take a listing at almost any price.

You have to know that some Cache County real estate agents will tell you whatever it takes for your listing. They'll promise you the entire world, telling you they're able to get any price and it'll take only a couple of short days. They pledge impeccable follow-up, and will always be accessible if you have any questions. False! Be aware of real estate agents trying to buy your business.

Just How Can Real Estate Brokers Buy A Listing?

You'll find brokers that seem like they've got all the answers and they're going to ensure you they will sell your property at the high price. Every real estate broker that guarantees you they're able to sell your house ought to throw up warning signs. No person can promise a sold listing. It’s simply not possible.

You may have observed above that I stated that an honest realtor won’t accept your listing at any price. It is actually unethical for any realtor to inflate a price in an effort to convince a possible seller to list with them. This is a well-known exercise within the real estate industry, and it’s deceitful. I wont take a listing that’s too costly.

It’s just not feasible for me personally or perhaps you, to price your house to high. The house will stay in the marketplace and you will probably become upset. You're going to get mad at me, then you’ll talk to your best freinds and family regarding how you are unsatisfied. It'll cost myself lost revenue to promote your property and I don’t have extra income to blow in today's current housing market. I’m certain you’ve noticed, agents are dropping like flies during this down economy!

What's The Reason Why Sellers Realtors Consent to Overpriced Listings?

So exactly why might a brokerage tell you they could sell your home that's overpriced? It's very simple. They will allow you to authorize the contract at the higher price, and in a few months they'll call you and inform you you will have to decrease your price.

After a good thirty day period of phone calls suggesting that you decrease your price, you’ll start getting ill in the stomach whenever your broker calls you. I really can’t inform you what number of my customers came from many other realtors that irritate their clients simply by not letting them know the reality.

If you want to have a good experience with your broker and then sell your house quickly, acknowledge that we are in a tough economy, and your property is only going to sell if it’s reasonably priced. You don’t have to give your property away, however, you can’t plan to get the exact same amount it might have sold for in 2007. The speedier you actually sell, the less you must present it, you won’t have to pay the mortgage, and you wont be paying out interest fees to your finance companies.

The Truth Hurts Yet, It’s Required To Sell Your House

Selling a home within the poor economic climate stinks. Seriously, I've forfeited 25% of my value for a property I built in '05. It’s not fun to contemplate.

I understand how you feel, it’s an extremely uncomfortable thought to find out you have lost hard earned money when absolutely everyone said that real estate investment would never decline, but please don't let it set you back more cash.

You could end up angry and obstinate whilst your home sits available on the market for 6 months, or perhaps you can be rational from the get go and trim your losses. The truth is difficult, however somebody should be straightforward to you or else you might be selling your home for a long time.
Logan Utah Short Sale Listings Are Increasing: What Does It Mean?

Posted Under: Home Buying in Logan, Home Selling in Logan | January 31, 2011 11:06 AM | 3,875 views | No comments

Original Source: Logan Utah Short Sales

When buying Logan real estate in today's market, you will be hard pressed to find a home that isn't a foreclosure or a short sale. As we move towards an economic recovery, more and more Logan Utah short sales are coming on the market as homeowners are struggling to keep up with their mortgage payments. The same can be said for almost any market in the US, including the Logan Utah real estate market.
Today, there are over 50 short sales for sale in the Cache County area making it one of the highest amounts we have ever seen. It makes buying a home a little scary as you can't be sure where our market is headed. Are we going to stay flat or is the Logan Utah real estate market still declining?
In order to judge where the future is heading, we must look at the past. In previous years, before the market meltdown, inventory levels in Cache County remained below 500 throughout most of the year. Today, we have over 700 homes on the market, which means supply and demand is on the supply side more than the demand side.
With more supply than demand, we can probably expect housing prices to continue to decline until the inventory levels become more normal. And, in order to get to the desired amount of inventory levels, we need to get rid of the short sales and Logan Utah foreclosure properties. How can we get rid of these cheaper homes? Simple, the economy needs to create more jobs, lenders need to loosen up on their lending standards, and buyers need to get into the market and off the fence.
Well, maybe it's not such a simple solution after all. In order for more people to be approved for loans, we obviously need more people to be employed. If the government doesn't create some more jobs in the near future, we can expect short sales and foreclosures to continue to flood the market.
So, with all the Logan Utah short sale listings increasing, what does it mean? It means we are headed for either a stagnant or declining real estate market in the future. Home prices are expected to continue to decline and this is not good if you're trying to sell. So what should you do as a home seller? If you can, take your home off the market. The more Logan homes sellers we can take out of the market, the more we can reduce market inventory.
If you have no choice but to sell due to job loss, decreased income, or instability, you have two options. Number one, you will have to price your home extremely competitively in order to sell or you will have to go the short sale rout. If you can't price your home at market value, you have no other choice but to face reality. Homes that are over priced will not sell in today's buyer's market.
So, if you're a home seller struggling to sell, please contact a local Logan Utah real estate agent to discuss your options about a short sale. If you're a buyer looking to buy, now is a great time to purchase as short sales and foreclosures provide great deals on Logan Utah real estate.
Great Neighborhoods In Logan Utah For Home Buyers

Posted Under: Market Conditions in Logan, Home Buying in Logan, In My Neighborhood in Logan | December 13, 2010 12:49 PM | 3,920 views | No comments

Original Source: Great Neighborhoods In Logan Utah For Home Buyers

Logan Utah is a small town in Northern, Utah with roughly 50,000 residents. These residents enjoy a unique atmosphere full of incredible mountain valley views, low Logan real estate prices, and an excellent job market.
In fact, Logan has been named by numerous magazines as one of the best cities to live in with 150,000 people or less. If you want to live in Logan, you first have to find the perfect neighborhood, and then you can find the perfect home. Below you will find a few Logan Utah neighborhoods that stand out from the crowd.
Logan Utah Neighborhood Guide For Homebuyers
Hidden Village Homes For Sale: Homes in Hidden Village are some of the coolest properties in Logan. Located off of Sumac Drive, this great neighborhood is enveloped by huge mature trees while sitting next to the Logan River. Homes in the area are priced reasonably from $200,000 up to $400,000 providing great choices for any home buyer's bottomline. If you're looking for seclusion from the hub-bub of the city, this Island neighborhood is the right choice.
Canterbury Lane Homes Logan Utah: Canterbury homes are quite the buy for any home buyer. Located just below the famous Cliffside area in Logan, Canterbury Estates provide great location coupled with spectacular views. If you're looking to live on the East Bench, Canterbury is the place to be. Homes are upper scale for this high end neighborhood ranging in price from the low 200's up to five hundred thousand! If you want a home with great view, excellent neighbors, and a prime location this neighborhood is a great place to look.
Hillcrest Heights Homes For Sale Logan Utah: If you're looking for the perfect neighborhood, Hillcrest Heights may just be the subdivision you're looking for. Located on the East Bench close to USU, Hillcrest is a top notch location. Some of the local attractions include an LDS church, Lundstrom Park, and the Logan Country Club golf course. If you're planning on attending USU or teaching as a professor, Hillcrest Heights will give you quick access to classes, as well as grocery stores, the Logan Mall, and many other great amenities!
Homes For Sale In Rosehill Logan Utah: Located in South Logan near Highway 89/91 gives you access to some of Logan's top technology firms. If you work for Thermal Fisher, Rosehill provides quick access as it's only about2 blocks away. This small little neighborhood comes with a park for the kids to enjoy or for you to have a great time with the family. Homes in Rosehill were built by Kartchner homes from 2005 to present providing you with newer homes with great updates.
Green Meadows Homes For Sale In Logan Utah: Green Meadows is one of Logan's up and coming neighborhoods with some extraordinary homes. This subdivision is one of the larger subdivisions in the area providing many choices in home styles, home prices, and location. All properties in Green Meadows are priced under $200,000 making this a great neighborhood for not only first time home buyers, but those looking to downgrade during this tough economic recession. One thing is for sure, Green Meadows is a great place to buy your dream home.
Sunstone Circle Homes For Sale Logan Utah: Sunstone Circle is a fun little subdivision located in South Logan close to 10th west. One of the highlights of this little neighborhood would have to be home prices. Homes are all priced under $160,000 making it quite affordable. However, don't let price fool you. You can find some great homes in this little neighborhood. Not to mention the ease of access to the local elementary school. Sunstone Circle is a great place to buy your first home or upgrade from a condo.
Rosewood Village Homes For Sale Logan Utah: If you find you're looking for a home reasonably priced, yet newer with some great upgrades, Rosewood Village is a great neighborhood to by your next home. All homes in this subdivision were built after 2000 providing come great newer homes. If you're interested in downgrading from a larger home or purchasing your first home, Rosewood Village provides homes priced under $180,000.
River Pointe Homes For Sale Logan Utah: This small neighborhood is one of very few gated communities in Logan providing a private setting for neighborhood inhabitants. River Pointe Homes provide a great value and some homes are on the Logan River. Homes in this neighborhood range in price from $140,000 up to $230,000 depending on a couple factors. One of them is if the home is on the river as well as if it's a twin home. River Pointe is a great neighborhood if you wish to live in a gated community.
Logan Utah has many great neighborhoods providing great homes at great prices. If you're interested in moving to Logan, please feel free to give us a call at 435-213-9335. If you're not quite ready to talk to our Logan Utah Realtors, please check out our website full of Logan Utah homes for sale.
Wasatch Estates Homes: Logan Utah Neighborhoods & Real Estate Updates

Posted Under: Market Conditions in Logan, Home Buying in Logan, In My Neighborhood in Logan | December 2, 2010 3:05 PM | 3,898 views | No comments
Original Source: Wasatch Estates Homes: Logan Utah Neighborhoods & Real Estate Updates

Wasatch Estates is a small neighborhood in Logan on Wasatch Drive off of 1200 North and 300 East. Located close to USU and many of Logan's businesses on the North End, the location of Wasatch Estates is probably one of it's best features. Just a couple blocks from Logan Regional Hospital, the Logan Mall, and a few more blocks to the University. If you're looking for a location close to Logan City, Wasatch Estates could be a great choice, if not you can view all Logan Utah homes for sale by following that link.
Wasatch Estates homes for sale vary in price from $100,000 up to $180,000 based on a few characteristics of the property. First is the date when it was built, as home were built from 1977 to 1984, with many of them having updates added since original construction. Secondly, the amount of square footage varies from 1,900 to 3,00 square feet, which has a large effect on price. Most homes come with a 2 car garage and anywhere from 0.15 acres to 0.24 acres of land.
The Wasatch Estates community itself is rather quiet, sitting in a cul-de-sac hidden from any busy streets. You will find quite a lot of large-mature trees, friendly neighbors, and kids playing in the driveways of many residents. Views include many of Cache Valley's different mountain ranges, which depends on which way your home faces. Proximity to local businesses is very high, making the location great for walking and biking to town.
Housing styles are somewhat neutral, ranging from 2-story to ranch/ramblers, nothing too exciting. Homes are older providing great pricing and room for updates if you have the inclination to do so. Homes all have at least 3 bedrooms or more and at least 2 bathrooms. The majority of residences have a 2 car garage, however there are a few without a garage. You will enjoy up to 4 parking spaces providing enough room for your friends and families.
Wasatch Estates Real Estate Statistics
- Over the last 5 years there have been 4 homes sold.
- Out of those 4 homes sold the lowest home was priced at $140,000 with the highest priced at $169,000 and an average price of $149,500.
- The average consecutive days on market for those sold homes was 133 days.
Adams Elementary School Real Estate Statistics
- Over the last year there have been 48 homes sold.
- Out of those 33 homes sold the lowest home was priced at $52,000 with the highest priced at $287,000 and an average price of $135,925.
- The average consecutive days on market for those sold homes was 98 days.
Wasatch Estates best attributes would be the location and prices. Homes are reasonably priced for first time home buyers and those looking to stay under the $200,000 mark. With the quiet streets, plenty of cover from large trees, the Wasatch Estates neighborhood would be a great place to buy your next home. Please contact us if you have any questions or feel free to search all Logan Utah real estate properties by following that link.
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Sunstone Circle Homes: Logan Utah Neighborhoods & Real Estate Updates

Posted Under: Market Conditions in Logan, Home Buying in Logan, In My Neighborhood in Logan | December 1, 2010 1:42 PM | 3,904 views | No comments
Sunstone Circle is a quaint little neighborhood with approximately 44 homes. Located just off of 1000 West and 200 South in Logan, Utah Sunstone provides quick access to many of Logan Cities Southern amenities. To get to Sunstone, follow 10th West or hop on 200 South from Logan depending on your route. Sunstone provides some great view of Cache Valley's southern mountains as well as the Northern skies. If you're looking to search properties, you can view all Logan Utah homes for sale by following that link.
Sunstone Circle homes for sale are priced from $140,000 up to $200,000 depending on a few factors. The homes in this subdivision are very similar and have between 1,200 and 2,200 square feet. The price of Sunstone Circle homes depends mainly on the year built and how much square footage they have, as all the lots are very similar in size from 0.14 acres up to 0.26 acres. Homes were built from 2001 to 2004.
The Sunstone Cirlce neighborhood is a fairly quiet neighborhood, although one downfall would be the proximity to 10th west, one of Logan's more busy streets. The West side of Logan use to have a stigma to local residents, but today there are a lot of businesses that have been built in the area which has changed the atmosphere quite dramatically. Homes in the area are all priced below $250,000 making the area a great place for first time home buyer's.
Housing styles in Sunstone Cirlce are predominantly Split Entry homes as well as 2 story conventional properties. Homes range from 2 bedroom 1 bath for the smaller houses with up to 5 bedrooms and 3 bathrooms for the larger-more expensive listings. Most homes have a 2 car garage with up to 5 parking spaces providing enough room for your car and friends.
Sunstone Circle Real Estate Statistics
- Over the last 5 years there have been 9 homes sold.
- Out of those 9 homes sold the lowest home was priced at $131,000 with the highest priced at $170,000 and an average price of $146,200.
- The average consecutive days on market for those sold homes was 54 days.
Woodruff Elementary School Real Estate Statistics
- Over the last year there have been 100 homes sold.
- Out of those 100 homes sold the lowest home was priced at $601,000 with the highest priced at $209,900 and an average price of $145,465.
- The average consecutive days on market for those sold homes was 100 days.
Sunstone Circle provides a great atmosphere for first time home buyer's with some great home prices. If you're interested in purchasing homes in Sunstone Circle or any other area in Logan, please feel free to contact us. We can help you find all Logan Utah real estate listings for sale if you would like to broaden your search, including insights to new Logan homes that may not be on the market yet.
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Glenwood Hills Homes: Logan Utah Neighborhoods & Real Estate Updates

Posted Under: Market Conditions in Logan, Home Buying in Logan, In My Neighborhood in Logan | December 1, 2010 1:40 PM | 3,885 views | No comments
Glenwood Hills is an older neighborhood within Logan's City limits. You can drive by the homes by following 1400 North up to 1500 East. Just like many neighborhoods on the East Bench, Glenwood Hills provides quick access to many of Logan's hot spots such as USU, Logan Regional Hospital, Logan Mall, and many restaurants in the area. As you can imagine, some of the neighborhoods best features are the location and price. You can view all Logan Utah homes for sale by visiting that link if you want more properties.
Glenwood Hills homes for sale are priced reasonably from $130,000 up to $180,000 depending largely on the year the property was built. As this is an older neighborhood in Logan, homes were built from 1975 to 1981. Pricing will also hinge on the amount of square footage and lot size of the home. You can find lots from 0.19 acres up to 0.43 acres with square footage ranging from 2,300 to 2,900 square feet.
Glenwood Hills is a rather private community providing a great atmosphere for those looking to get away from busy city streets. Homes are older with lots of character and charm that Logan is known for. Many of the homes are equipped with large trees, beautiful yards, and are close to Lundstrom Park. Many residents of Cache Valley wish to live on the East Bench in Logan, and there's a good reason, it's a great location with fantastic homes.
What types of homes are in the area? Well, just like most of Logan's older homes you will find some great Ranch/Ramblers, 2-Story Conventional, or A-Frame homes. You can find a range of options from smaller 2 bedroom homes with 1 bathroom or a larger home with up to 6 bedrooms and 4 bathrooms. Most homes in the area have a 2 car garage, however some may have only 1 or none at all.
Glenwood Hills Real Estate Statistics
- Over the last 5 years there have been 5 homes sold.
- Out of those 5 homes sold the lowest home was priced at $124,900 with the highest priced at $167,000 and an average price of $146,520.
- The average consecutive days on market for those sold homes was 72 days.
Hillcrest Elementary School Real Estate Statistics
- Over the last year there have been 33 homes sold.
- Out of those 33 homes sold the lowest home was priced at $57,000 with the highest priced at $315,000 and an average price of $166,581.
- The average consecutive days on market for those sold homes was 100 days.
Gleenwood Hills is close to USU, many restaurants, the mall, and the Logan Regional Hospital. The location makes this great Logan neighborhood one of the best in all of Cache Valley. The atmosphere is quiet and there are some great views of the valley making Glenwood Hills a great buy. Feel free to contact us with any questions you have, or you can check out all Logan Utah real estate listings by following that link.
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