June is National Homeownership Month

June is National Homeownership Month

How Homeownership Impacts You

How Homeownership Impacts You | MyKCM

June is National Homeownership Month, and it’s the perfect time to reflect on how impactful owning a home can truly be. When you purchase a house, it becomes more than just a space you occupy. It’s your stake in the community, an investment, and a place you can put your stamp on.

If you’re thinking about buying a home this year, here are some of the benefits you’ll experience when you do.

The Emotional Benefits of Homeownership

Because it’s a place that’s uniquely yours, owning a home can give you a sense of pride and happiness in several ways.

Your Home Can Reflect Your Tastes and Personality

Investopedia puts it like this:

“One often-cited benefit of homeownership is the knowledge that you own your little corner of the world.

That knowledge can lead to a powerful, emotional connection to the place where you live. But so can the realization that your home will grow with you. Because it’s yours, you have the freedom to make updates to it as your needs and tastes change. As Logan Mohtashami, Lead Analyst for HousingWiresays:

“The psychology is that this is yours and you’re going to make it as good as possible because you’re in for a long time, . . . “

And that can create a greater sense of ownership, pride, and connection with your home and your community.

It Can Enhance Your Neighborhood and Civic Engagement

Homeownership can lead you to get even more involved with your local area. After all, you’re putting your roots down in a location and will want to do what you can to help improve it, much like your home. In a recent report, the National Association of Realtors (NAR) says:

Living in one place for a longer amount of time creates and [sic] obvious sense of community pride, which may lead to more investment in said community.”

The Financial Benefits of Homeownership

When you choose to become a homeowner, you’re making a financial decision as well. That’s because your home is also an investment.

It Can Help You Feel Financially Stable

Homeownership is truly one of the best ways to improve your long-term financial position. Not only will you have a predictable monthly housing expense that can benefit your budget in the short term, but you’ll also gain equity as your home appreciates in value and you make your monthly mortgage payment. As Freddie Mac says:

“Building equity through your monthly principal payments and appreciation is a critical part of homeownership that can help you create financial stability.”

It Can Grow Your Wealth

Because of your growing equity, you can build your net worth as a homeowner. And when you compare the difference in net worth between a renter and a homeowner, it’s clear that owning a home truly offers a great way to build your long-term financial position.

According to the latest data from NAR, the median household net worth of a homeowner is roughly $300,000, while the median net worth of renters is only about $8,000. That means a homeowner’s net worth is nearly 40 times that of a renter.

Bottom Line

Homeownership is truly a way to find greater satisfaction and happiness and to build financial freedom. If National Homeownership Month has you dreaming about purchasing a home, then let’s connect to begin the process today.

Marty Gale

Buy or Sell with Marty Gale

"Its The Experience"

Principal Broker and Owner of Utah Realty™

Licensed Since 1986

CERTIFIED LUXURY HOME MARKETING SPECIALIST (CLHM)
PSA  (Pricing Strategy Advisor)
General Contractor 2000 (in-active)
e-pro (advanced digital marketing) 2001
Certified Residential Specialist 2009
Certified Negotiation Expert 2014
Master Certified Negotiation Expert 2014
Certified Probate Specialist Since 2018
Senior Real Estate Specialist
Certified Divorce Specialist CDS

Contact me! 

 

 

Sellers Have an Opportunity with Today’s Home Prices

Sellers Have an Opportunity with Today’s Home Prices

“IT’S THE EXPERIENCE”

 

It’s difficult to know when is the best time to sell, or how to get the most money for your house, but you don’t need to go through the process alone.

You may be wondering if prices are projected to rise or fall…or how much competition you may be facing in your market. The free eGuide below will answer many of your questions and likely bring up a few things you haven’t even thought about yet.

 

The Official Site of Utah Realty™

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Member Park City Board of Realtors®

Member Washington County MLS

Salt Lake Board of Realtors®

 

PEAR (Professional Equity Assessment Report

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Marty Gale  Principal Broker,

MCNE, SFR, SRES,CPRES,CDPE,E-PRO,CNE 

Laurie Gale  CFO, 

CCA 

What Clients are Saying About Us on Google, Bark, and Yelp

Benjamin & Amberlyn Johnson

August 2022

Marty is who you want on your side whole buying a house! Especially for first-time homebuyers. From the initial steps of getting approved, through looking at houses, putting in offers, and getting to closing, his wealth of knowledge and negotiation skills were absolutely invaluable. He was so patient with us as we brought out 3 year old along to look at houses, was great at getting back to us quickly when we had questions and was very honest with us when we saw a house that he didn’t think would be a good fit for us. His knowledge as a former contractor was amazing as he could look at what we thought were quirks and mild annoyances in a house and tell us how much they would probably cost to fix and what the process would be. There was never any pressure to buy – he really put us and our needs as a family over anything else. Look no further for your real estate agent. Marty is 100% who you want and need on your side.

Kurt Mortensen

Marty was very professional; I thought he always looked out for me and my interests. His advice was excellent in getting buyers to the house and he exceeded my expectations for selling my house and getting me a new house. His communication along the process was Top Notch. He always returned my calls as soon as possible — most times immediately and if he couldn’t, he would text be when he would be available to call back. I would recommend Marty Gale as a realtor to anyone, You will not be disappointed,

Jared and JaNae

Marty was amazing in helping us buy our first home. He was able to help us get a great home under asking price, which I didn’t think was possible in this market. He was very knowledgeable and the whole process went very smooth. It was nice having someone with years of experience on our side. We are so grateful for the Gale team in all they have done. Highly recommend working with them.

Affleck Family 5 Star Review

We would have been lost, had it not been for Utah Realty. We had found a home and made an offer, but we didn’t want to sell our home on our own. Hands down, Marty was the best agent on the list. He knows how to draw a crowd and how to get people to put their best offer on the table. We ended up with many multiple offers and getting a dream price for our home! Thanks for the help, Utah Realty!

Sam Diamond 5 Star Review

Wow!!! Marty is so knowledgeable at his craft!! The sale of our home was so smooth. He communicated with us all along the way. If we had questions or concerns, he was on top of them and got back to me quickly with the answers and solutions!! Best part is that he cares and is looking out for his clients best interests in everything he does. I highly, highly recommend Marty!!! I will be buying a home from him shortly!!! thanks Marty!!

Glassford Family 5 Star Review

Marty is awesome. He knows his craft and represents his clients with all his heart. He was right on when it came to listing price, showings, and how to market everything. He was able to put together a great deal and was there for us every step of the way. Thank you for all you did for us.

Taylorsville Chiropractic - Dr. Terry Martin

Positive: Professionalism, Quality, Responsiveness, Value
My commercial real estate was complicated and unique. Laurie and Marty went beyond any expectations to successfully market and sell the property. Their experience, connections within the community, and excellent reputation is priceless.

Robert and Annette Church 5 Star Review

After all the years living in our home it was time to move. We did not understand the complexity of selling a pre 1976 mobile home. They are no longer mobile due to a HUD act. Utah Realty understood these factors and many more of the challenges we had not thought about. The house was sold in 2 days and the marketing and understanding of our challenges were instrumental in them bringing in the buyer who was not only qualified but understood the complexities of buying a pre 1976 home. This was an amazing experience and would use them again if we need a realtor in the Salt Lake Valley.

Samuel Norman Family

If I could give Marty a 10 I would but google only allows a 5. We were first time buyers and were very nervous in buying our first home not thinking we’d have much of a chance or the financial capability. Marty went above and beyond the call of duty and helped us every step of the way, from choosing the best loan to driving us out several hours away to take a look at properties we were interested in. He even helped us for several hours to trim up the trees and branches that broke off and covered the property we had just purchased from a snow storm that hit right as we closed on the property. Marty is more dedicated to helping others than anyone else I know of and it was the greatest experience to work with him and learn from him. If you are considering buying or selling a home I can assure you are in great hands. There is no one better that I know of that can and will do as much as Marty has. Thank you Marty for everything.

Adia Thornton

Positive: Professionalism, Quality, Responsiveness, Value

House hunting was practically a full time job. We were out looking at houses almost every single day. The market is so hot we lost 6 offers. He kept our spirits up and never wavered on quality.

His expertise was sooo valuable. He was really looking out for us. If we walked a house and it was cute but would have hidden problems he spotted them and guided us away from it.

We’re now in an adorable house that was exactly what we needed.

Emily Costner

Very professional. We greatly appreciated the care in the photos that made our home look spectacular! The selling process was quick and easy.

Kelly Costner

Positive: Professionalism, Quality, Responsiveness, Value

Marty really knows his stuff. I’ve had him represent me as both a buyer and a seller, and I feel like I’ve got a real pro in my corner every time. He makes the process of buying and selling smooth and easy, and has a real handle on what the market’s doing. That way, you can feel confident you’re getting the best deal and taking action at the right time. His expertise and many years of experience are well worth the fee.

Lonnie Woodman

Positive: Professionalism, Quality, Responsiveness, Value

Marty is great to work with! He found the exact house I was looking for in a super tough market.

Daniel Garner

Marty and his team are some of the most knowledgeable and caring people I know. I definitely would recommend his services to anyone!

Brad East

Positive: Professionalism, Responsiveness

Marty has represented us for years and is an exceptional agent. In addition to his many decades in residential real estate, he also is an experienced luxury, custom home builder. His knowledge of the quality(or lack thereof) of the craftmanship of a home is invaluable. He sees things that even the inspectors may miss. He is thorough, responsive through the entire process, and skilled at negotiation. We certainly recommend him without hesitation

Dwight Christie

Positive: Professionalism, Responsiveness

Marty sat down with my and wife and me to explain his process of helping first time home buyers. He took the time with us as we are interested in helping our kids. Marty is very professional and knows the real estate market better than anyone that we have talked to in the past. We will definitely be recommending Marty to help our daughter and her husband to get into their first home.

Kitroen Costner

 
 

Positive: Professionalism, Quality, Responsiveness, Value

I had a Great experience! Got my house sold super fast for a great price.

Spencer Clark

Positive: Professionalism, Quality, Responsiveness, Value

Marty was great to work with. The expertise and experience he offers are unmatched. I highly recommend Utah Realty for all your real estate needs.

Todd Anderson

Positive: Value

Marty and Laurie are veterans in Utah’s real estate market. They understand property valuations in various market conditions. They are adept at finding solutions for the trickiest challenges of buying or selling a home. Marty and Laurie successfully sold three properties for our family. I highly recommend them for your real estate transaction.

B Flow

Marty Gale is amazing to work with. He was able to work miracles for us in order to sell our condo. He goes above and beyond what a realtor is required to do because he becomes invested in his clients. He actually cares about who he is representing. His network of lenders and other people in the industry makes for a seamless process.


We also used him to buy our new home. We had an extremely short time frame and he was able to get us closed on our new home in record time before we went on vacation. He knew we would be worried about the security of our home while we were gone and he offered to keep a very close eye on it to put our minds at ease. He did all this after we had closed on our home and technically his “job” had ended. I can’t recommend him enough! Thank you Marty!!!

Wyatt Anderson

 
Positive: Professionalism, Quality, Responsiveness, Value
Marty is exceptionally professional to work with. He is very knowledgeable in the field of real estate and construction. I was very impressed how he made me feel through the whole transaction of the sale, even during the midst of Covid-19. I highly recommended Marty!

Faye Williamson

 

Positive: Professionalism, Quality, Responsiveness, Value

This is the second time using Marty Gale. He is very knowledgeable and has a keen sense of reading people, especially in negotiating. His advice has never failed. The second time using him had some unique hurdles, especially because it had been a rental property. His advice and willingness to help make the sale happen were above and beyond my expectations. I highly recommend him and Laurie for selling or buying. Thanks to the Gale team!

Trevan Thomas

I recently bought my first home with my fiancee and Marty was incredibly helpful. I had no idea how complicated the process of buying a home would be. We certainly could not have done it without Marty’s help. He is experienced and used his connections with a variety of people to make the process as quick and easy as possible. I definitely recommend contacting him if you’re in the market for a new home.

Greg Anderson

Positive: Professionalism, Quality, Responsiveness, Value

Marty was great and had worked hard to sale . I would use Marty again to buy or sale. Marty is a 12 star realtor.

Mariah Mills

 

Marty was great to work with. Recently my fiance and I were looking for a house, and Marty was recommended to us by my mother. She worked with Marty 30+ years ago when my parents bought their house. I had no idea all that went into buying a house, but thankfully we had Marty there to help walk us through it. He was great at using his connections to help us get our house. I would recommend Marty to anyone looking to buy a house.

Coulter Baldes

We’ve been through war with this guy and he stood by us the entire time. He always had time for us, and was always going above and beyond behind the scenes for us. His suggestions were awesome and people he works with we’re also fantastic. Can’t speak enough of how much this guy helped us.

Samantha Cook

Marty Gale is the best! He is a master negotiator! You can’t go wrong with him. I highly recommend him and would recommend him to anyone I know.

 

Cynthia Sayers

 

They are the most caring, educated, patient agents and go the extra mile to be sure you understand and are in the loop from begining to end. You can’t go go wrong with Marty and Laurie Gale, they are a blessing.

Marc J.

 

Brandon Christensen

 I’m a loan officer who was working with Marty and Laurie to help a great family get into a home. No matter how many issues came up in the loan, they would stop whatever they were doing to make sure the issue got taken care of. They were absolutely instrumental in getting the loan closed and I truly do believe that most other realtors would have fallen short. Between their experience and dedication to the families they help, I don’t think that you could find a better realtor to get you into a home. I highly recommend them to anybody who’s looking to buy a home. They will get you both the best deal and experience possible.

Gilbert Bruce

Both Marty and Lori were fantastic to work with. They went the extra mile during one of the toughest winters in the Midway area to produce a great sale of our residence. Never a complaint to travel to Midway for open houses and potential buyers. They’re the best!

Jenny Bowen

 

Marty Gale at Utah Real Estate was fantastic to work with! He helped us both with the sale of our home as well as the purchase of a new one. I loved that he got feedback forms on the showings so we could get an idea of what potential buyers thought of our home. He was eventually able to negotiate a very strong offer and even got us above the asking price. On our purchase, he showed us countless properties and provided insight because of his professional background. For the home we purchased, it was in a very hot area and he made sure we were first at the open house. He also HAND DELIVERED our carefully written offer so that we would stand out against other offers. I would highly recommend Marty to anyone looking to buy or sell!

DeWayne Brundage

We loved working with Marty Gale! He gave us so many tips on how to stage our home to sell, we followed his advice and sold it quickly. He helped us find our new home and closed on both at the same time. It was a stressful time but he made the process so much easier. I would highly recommend Marty and Laurie Gale to anyone looking to sell or buy a home. They have years of experience and it really shows. Thank you Marty and Laurie for all your help and for helping us keep our sanity through this process!

Thomas Alley

Marty is the hardest working and most helpful real estate agent I have met. I have gone through 4 cycles of buying and selling homes in my life and Marty was simply the best. Marty recently helped us sell a house and he guided us every step of the way, providing sound advice from his lifetime of experience. I highly recommend Marty.

Doc Carmel Ferreira

 
Laurie was a delight to have had when I was looking for a commercial space. She was so patient with helping me find spaces that fit my criteria but even more grateful for he knowledge on helping understand some of the complicated lease agreements I was presented with. In the end, she helped me find the perfect space and along that journey I made an incredible friend from that time. THANK YOU FOR ALL YOU HAVE DONE FOR ME!!!!

Peter Smith

Positive: Professionalism, Quality, Responsiveness, Value

Marty walked me through the entire home buying process, answered all my questions, and advised on the best courses of action while allowing me autonomy. His breadth and depth of knowledge in the industry is unparalleled, rarely did he not know the answer to a concern I had. I could tell he wasn’t just a salesman but a person invested in my family and I’s well-being. HIGHLY recommend, will use again.

Lindsey Fabiano

 
Positive: Professionalism, Quality, Responsiveness, Value
Marty is amazing to work with. You can tell by his actions that he really works toward your personal needs and preferences and never toward his own. He is the absolute best!

Reviews as written by Clients

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Commercial Professional Office Condo

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Cameron Park is Sold

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1936 North 1300 W Pleasant Grove Utah

 

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555 so 2130 West Provo Utah 

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8004 S 3725 W West Jordan Utah

 

 Sold! 1 day Full Price

3426 So 8525 West Magna Utah

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 2475 E Wood Hampton Cir Sandy Utah 

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Sold!

13727 So 7300 West Herriman >> Sold for Cash! Multi-Offers

Over Ask For Up to $65,000 Above List 

2644 Singletree Ln South Jordan, Ut 84095

 

 

 

 

 

 

Utah Single Family Residential Home Inventory

 

7809 Active State-Wide Single Family | November 1,  2022

Under Contact    | 2665 Single Family

2022 October Active 7592 UC 3063 | 2022 September 7338 UC 3561 | 2022  July 6073 UC – 3911 | 2022 June 4062 | 2022 May 2818 | 2022 April 2058 | 2022 March 1486 | 2022 February 1346 | 2022 January 1567 | 2021 December 2267 | 2021 November 2927 | 2021 October 3279 | 2021 September 3120 | 2021August  3093 | 2021 July  2414 | 2021 June  1851 | 2021 May  1644 | 2021 April  1368 | 2021 March 1426  | 2021 February 1333 | 2021 January  1715 |  2020  December 2236 | 2020  November 2746 | 2020 October 2980 | 2020 September 3507 | 2020 August 3799 | 2020 July 6075 | 2020 June  5229 | 2020 May 5745 | 2020 April  5775 | 2020 March 5691 | 2020 February 6330 | 2020 January 6770 | 2019 December 7923 | 2019 November 9644

 

Salt Lake County Inventory

 1939 Active Single-Family | November 1 2022

Under Contract Single Family 718

 

October 2022 Active 1855 UC 831 | September 2022 1775  UC 997 | August 2022 1547 UC – 1087 | July 2022 978 | May 2022 726 | April 2022 470 | March 2022 273 | February 2022 239 | January 2022 269 | 2021 December 501 | 2021 November 736 | 2021 October 885 | 2021 September 820 | 2021 August  828 | 2021 July  596 | 2021 June  431 | 2021 May  399 | 2021 April  352 | 2021 March  342 | 2021 February  264 | 2021 January 380 | 2020 December 599 | 2020 November 735 | 2020 October 805 | 2020 September 918 | 2020 August 928 | 2020 July 1601 | 2020 June  1261 | 2020 May 1414 | 2020 April 1330 | 2020 March 1150 | 2020 February 1318 | 2020 January 1461 | 2019 December 1862 | 2019 November 2538

Search for Homes in Salt Lake County

 

Utah County Inventory

 1687  Active Single-Family  | November 1, 2022

 

Under Contract Single Family  | 858

October Active 1670 UC 963 | September 2022 Active 1638  UC | 1148 July 2022 1400 UC – 1315 | June 2022 993 | May 2022 628 | April 2022 455 | March 2022 326 | February 2022 279 | January 2022 356 | December 2021 486 | 2121 November 565 | 2021 October 618 | 2021 September 664 | 2021 August  671 | 2021 July  532 | 2021 June  389 | 2021 May  326 | 2021 April  254  | 2021 March  234 | 2021 February 237 | 2021 January 320 | 2020 December 411 | 2020 November 512 | 2020 October 594 | 2020 September 704 | 2020 August 3 839 | 2020 July 1238 | 2020 June  1231 | 2020 May 1412 | 2020 April  1401 | 2020 March 1311 | 2020 February 1504  | 2020 January 1657 | 2019 December 1867 | 2019 November 2258

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Davis County Inventory

764  Active Single-Family  | November 1, 2022

Under Contract Single Family   223

October 2022 Active 697 UC 327 | September Active 697 UC 327 | July 2022  Active 574 UC 338 |June 2022 338 | May 2022 230 | April 2022 154 | 2022 March 90 | 2022 February 70 | 2022 January 75 | 2021 December 150 | 2021 November 205 | 2021 October 244 | 2021 September 205 | 2021 August 219 | 2021 July  157 | 2021 June  105 | 2021 May  119 | 2021 April  86 | 2021 March  78 | 2021 February 54 | 2021 January 74 | 2020 December 121 | 2020 November 157 | 2020 October 210 | 2020 September 230 | 2020 August 224 | 2020 July 332 | 2020 June 353 | 2020 May 403 | 2020 April 443 | 2020 March 313 | 2020 February 368 | 2020 January 432 | 2019 December 574 | 2019 November 719

Search for Homes in Davis County

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Wasatch County Inventory

230 Active Single-Family | November 1, 2022

Under Contract Single Family   | 91

2022 October Active 226 UC 108 | 2022 September Active 230 UC 119 | 2022 August Active 204 UC 150 | 2022 July 2022 June 204 | 2022 May 114 |  2022 April 88 | 2022 March 58 | 2022 February 69 | 2022 January 87 | 2021 December 98 | 2021 November 122 | 2021 October 199 | 2021 September 117 | 2021 August  121 | 2021July  123 | 2021 June 119 | 2021 May  91 | 2021 April  83 | 2021 March  88 | 2021 February 97 | 2021 January 97 |  2020 December 107 | 2020 November 159 | 2020 October 160 | 2020 September 215 | 2020 August 232 | 2020 July 381 | 2020 June 270 | 2020 May 253 | 2020 April 247 | 2020 March 269 | 2020 February 280 | 2020 January 280 | 2019 December 325 | 2019 November 357

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Summit County Inventory

230 Active Single-Family | November 1,  2022

Under Contract  | 91

2022 October Active 295 UC 122 | 2022 September Active 329 UC 133 | 2022 August Active 274 UC 118 | 2022 June 179 | 2022 May 121 | 2022 April 111 | 2022 March 93 | 2022 February 85 | 2022 January 93 | 2021 December 114 | 2021 November 143 | 2021 October 146 |  2021 September 165 | 2021 August 149 | 2021 July  162 | 2021 June 119 | 2021 May  103 | 2021 April  94 | 2021 March 109  | 2021 February 114 | 2021 January 128 |  2020 December 107 | 2020 November 193 | 2020 October 203 | 2020 September 272 | 2020 August 331 | 2020 July 639 | 2020 June 345 | 2020 May 303 | 2020 April 306 | 2020 March 587 | 2020  February 606 | 2020 January 587 | 2019 December 576 | 2019 November 627

Search for Homes in Summit County

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Summit County Inventory

147 Active Single-Family | November, 1  2022

Under Contract  | 43

 

 Homes in Duchesne & Uintah Counties

2022 October Active 135 UC 47 | 2022 September Active 138 UC 50 | 2022 July Active 122 UC 57 | 2022 June 98 | 2022 May 81 | 2022 April Active 62 UC 82 | 

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Search the MLS for Your Dream Property in Utah

With Utah Realty™ website you won’t need any other website to search for Utah Real Estate.  Our site was designed to be the only tool you will want to use when buying or selling Utah homes, land, condo’s, ranches or even commercial real estate.  Fed up with outdated,unreliable information? Tired of finding properties that show up on searched that have never been for sale?   Outdated  information on the national sites like Zillow and Trulia and Realty Store? Stop and make UtahRealtyPlace.com the last place you will ever look for Utah Real Estate again! We use the latest technology it’s called IDX. What is IDX? In Short defined: For REALTORS® and brokers in the US, IDX is the system that allows REALTORS® to show MLS property listings on their websites. IDX stands for “Internet Data Exchange”. Brokerages with Agents sharing listings with strict defined rules and parameters. Simply put, if the property is active it shows up active. If the property is Sold then it is marked sold and removed from active list. Organized and accurate. Zillow and Trulia and Realty Store along with many other clones will data mine everything and anything.  Sort of like the move Forest Gump “it’s like a box of chockalates, you never know what your going to get” . So you can spend an eternity digging through everything not for sale or just have us send you a list of what is for sale. 

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Homebuyer Tips for Finding the One

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Homebuyer Tips for Finding the One Some Highlights The best advice carries across multiple areas of life. When it comes to homebuying, a few simple tips can help you stay on track. Because of increased demand, you’ll need to be patient and embrace compromises during...

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The Big Question: Should You Renovate or Move?

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The Big Question: Should You Renovate or Move? The last 18 months changed what many buyers are looking for in a home. Recently, the American Institute of Architects released their AIA Home Design Trends Survey results for Q3 2021. The survey reveals the following: 70%...

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111,285 Reasons You Should Buy a Home This Year

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As Home Equity Rises, So Does Your Wealth

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The One Thing Every Homeowner Needs To Know About a Recession

The One Thing Every Homeowner Needs To Know About a Recession

The One Thing Every Homeowner Needs To Know About a Recession

The One Thing Every Homeowner Needs To Know About a Recession | MyKCM

A recession does not equal a housing crisis. That’s the one thing that every homeowner today needs to know. Everywhere you look, experts are warning we could be heading toward a recession, and if true, an economic slowdown doesn’t mean homes will lose value.

The National Bureau of Economic Research (NBER) defines a recession this way:

“A recession is a significant decline in economic activity spread across the economy, normally visible in production, employment, and other indicators. A recession begins when the economy reaches a peak of economic activity and ends when the economy reaches its trough. Between trough and peak, the economy is in an expansion.”

To help show that home prices don’t fall every time there’s a recession, take a look at the historical data. There have been six recessions in this country over the past four decades. As the graph below shows, looking at the recessions going all the way back to the 1980s, home prices appreciated four times and depreciated only two times. So, historically, there’s proof that when the economy slows down, it doesn’t mean home values will fall or depreciate.

The One Thing Every Homeowner Needs To Know About a Recession | MyKCM

The first occasion on the graph when home values depreciated was in the early 1990s when home prices dropped by less than 2%. It happened again during the housing crisis in 2008 when home values declined by almost 20%. Most people vividly remember the housing crisis in 2008 and think if we were to fall into a recession that we’d repeat what happened then. But this housing market isn’t a bubble that’s about to burst. The fundamentals are very different today than they were in 2008. So, we shouldn’t assume we’re heading down the same path.

Bottom Line

We’re not in a recession in this country, but if one is coming, it doesn’t mean homes will lose value. History proves a recession doesn’t equal a housing crisis.

Marty Gale

Buy or Sell with Marty Gale

"Its The Experience"

Principal Broker and Owner of Utah Realty™

Licensed Since 1986

CERTIFIED LUXURY HOME MARKETING SPECIALIST (CLHM)
PSA  (Pricing Strategy Advisor)
General Contractor 2000 (in-active)
e-pro (advanced digital marketing) 2001
Certified Residential Specialist 2009
Certified Negotiation Expert 2014
Master Certified Negotiation Expert 2014
Certified Probate Specialist Since 2018
Senior Real Estate Specialist
Certified Divorce Specialist CDS

Contact me! 

 

 

Local Market Update for September 2021

How Homeownership Can Bring You Joy

How Homeownership Can Bring You Joy

 

If you’re trying to decide whether to rent or buy a home, you’re probably weighing a few different factors. The financial benefits of homeownership might be one of the reasons you want to make a purchase if you’re a renter, but the decision can also be motivated by having a place that’s uniquely your own.

If you want to express yourself by upgrading and customizing your living space but are feeling held back by your rental agreement, it might be time to consider the perks of owning your home.

A Little Change Can Bring Lots of Joy

There’s a significant level of pride that comes from owning a home. That’s because it’s a space that truly belongs to you.

recent report from the National Association of Realtors (NAR) shows making updates or remodeling your home can help you feel more at ease and comfortable in your living space. NAR measures this with a Joy Score that indicates how much happiness specific home upgrades bring. According to NAR:

There were numerous interior projects that received a perfect Joy Score of 10: paint entire interior of home, paint one room of home, add a new home office, hardwood flooring refinish, new wood flooring, closet renovation, insulation upgrade, and attic conversion to living area.

The report also breaks down just how much each of these projects can enhance your emotional attachment to your home, even leading you to want to spend even more time in the space (see graph below):

How Homeownership Can Bring You Joy | MyKCM

And while many of the items NAR highlights are larger tasks, some, like painting rooms, are much smaller. Even those quicker projects can still bring you a greater sense of joy and accomplishment. Not to mention when you make upgrades in your home, you could be increasing its value which also gives your net worth a boost if you invest your time and effort wisely.

You’re Free To Update Your Home to Your Heart’s Content

These types of updates can result in additional happiness when you complete them, but there’s another reason you can feel good as a homeowner. In most situations, you’re free to renovate or update the interior of your home without needing additional permission. But as Business Insider points out, renters may not have the same freedom:

“Your landlord won’t always approve changes when you rent. But you have the power to update the home when you’re the owner. (Just make sure any big changes are approved by your homeowner’s association, if necessary.)”

If you do make changes as a renter, there’s a good chance you’ll need to revert them back at the end of your lease based on your rental agreement. That can add additional costs when you move out. That’s one major benefit of owning your own home. Unless there are specific homeowner’s association requirements, you typically won’t have to worry about the changes you can and can’t make.

Bottom Line

Deciding whether to rent or buy is a personal decision. The financial benefits are critical, but don’t overlook the emotional impact homeownership can have. Let’s connect to discuss all the benefits you can enjoy when you purchase your own home.

Should You Update Your House Before Selling? Ask a Real Estate Professional.

Should You Update Your House Before Selling? Ask a Real Estate Professional.

Should You Update Your House Before Selling? Ask a Real Estate Professional.

Should You Update Your House Before Selling? Ask a Real Estate Professional. [INFOGRAPHIC] | MyKCM

Some Highlights

  • If you’re deciding whether you should make updates before you sell your house, lean on your trusted real estate advisor to be your guide.
  • In today’s sellers’ market, buyers have limited options and may be more willing to take on repairs themselves.
  • If you’re thinking about selling your house, let’s connect so you have expert advice that’s customized to your home and our local area.

Marty Gale

Buy or Sell with Marty Gale

"Its The Experience"

Principal Broker and Owner of Utah Realty™

Licensed Since 1986

CERTIFIED LUXURY HOME MARKETING SPECIALIST (CLHM)
PSA  (Pricing Strategy Advisor)
General Contractor 2000 (in-active)
e-pro (advanced digital marketing) 2001
Certified Residential Specialist 2009
Certified Negotiation Expert 2014
Master Certified Negotiation Expert 2014
Certified Probate Specialist Since 2018
Senior Real Estate Specialist
Certified Divorce Specialist CDS

Contact me! 

 

 

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