Mark Watterson

3427 South Acord Meadow, Beatiful Home and Great Value....$179,900...

2009-01-23T19:57:00Z

***SHORT SALE***Great neighborhood, easy commute to job centers, views. Close to shopping, dining, and schools. Fireplace, tile, stainless appliances, built-in microwave, washer/dryer. Photos not exact representation. MUST SEE THIS BEAUTIFUL HOME

Ranch Style Home, For Sale in Lake Mountain Estates

2008-02-26T01:13:00Z

Priced Way Under Market!

• 3,354 sq. ft., 2 bath, 3 bdrm ranch "Full basement" - MLS® $268,000 - ALL SELLER FINANCING OPTS

Lake Mountain Estates, Saratoga Springs - LIKE NEW! ....PRICED MUCH LOWER THAN NEW.... GREAT LAKE AND MOUNTAIN VIEWS. HUGE LOT...SHOW AND SELL TODAY. UNDER CONTRACT IN MAY FOR 320K...SELL FAILED...NOW BUYER GETS A GREAT DEAL...DON'T MISS OUT!

All listing information deemed accurate however is not guaranteed. Buyer/buyers agent to verify all listing information. Square footage obtained from builder, buyer/buyers agent to verify for all sources.

Property information

MULTIPLE CHOICE!

2007-11-28T22:07:00Z

MULTIPLE CHOICE!

Once you decide to list your home for sale, how long will it take to sell? How long should you give the agent to successfully market your home?

The best answer is to be reasonable. But what’s reasonable? 30 days? What about 300 days? Of course, there is no standard response.

Let's look at how to determine the right amount of time in your situation. With each real estate market being different, it takes longer to sell a home in some areas than others. A home that may sell in 15 days in one city may take 87 days in another, or even six to nine months in yet another.

Actually, the time needed to attract a buyer can be made longer or shorter by offering a higher or lower price, and better or less desirable terms and amenities.

Ask your agent to provide information relative to current selling times in your neighborhood. Discuss the factors that may help or hinder the sale of your home, and ask for your agent's best estimate of selling time for your home. Then, allow the appropriate amount of time to properly market your home.

By giving a reasonable length of time in which to perform, you will have the complete determination of your agent, and will no doubt be pleased with the results - the ultimate sale of your home.

For specific market area details please visit www.MarkWatterson.com or call me 801.815.0411

Mark Watterson is an Associate Broker with Utah Select Realty, Inc and a licensed Mortgage Loan Specialist with Envision Lending Group.

NO DEPOSIT, NO RETURN!

2007-11-24T02:17:00Z

When buying a home, would you consider asking the sellers to "hold" their home off the market without offering to give them a deposit? As a seller, would you take your home "off the market" for purchasers who were unwilling to give you a sum of money as a deposit?

In both cases, the answer is probably "No!" A very important message is communicated from buyer to seller by the so-called "earnest money deposit." It is understandably common for homebuyers to want to offer as small a deposit as possible when signing an agreement to purchase a home, and just as common for the sellers to want as large a sum as possible to be placed on deposit.

Here's why the amount offered can be so important. For the buyers, one way to impress the sellers with their sincerity is by offering a higher than normal deposit. Their willingness to go beyond the minimum requirements is a positive indicator that they plan to complete the purchase on time and as agreed.

From the sellers' point of view, a solid offer to purchase from buyers - when accompanied by a substantial deposit - can quickly become an attractive offer, one which is easy to accept. In a nutshell, a larger than expected earnest money deposit can yield a positive return for both homebuyers and sellers!

For specific market area details please visit www.MarkWatterson.com or call me 801.815.0411

Mark Watterson is an Associate Broker with Utah Select Realty, Inc and a licensed Mortgage Loan Specialist with Envision Lending Group.

Lake Side Beauty

2007-11-11T16:39:00Z

Beautiful Island Beachfront Home

Location: Captain's Island

Open your door and leave all worries behind in this luxurious home with an inspiring entry and custom mural.
Step out of your kitchen door and into a backyard oasis furnished with a bubbling hot tub to and an oversized deck and dock.
Then sail away in a soft breeze and sparkling water into the sunset.
Coming home will bring a new fresh and relaxing appeal where you can enjoy life's simple things with those you love the most.
A white picket fence captures the essence of this lake home.
Gourmet kitchen with granite counter tops and stainless steel appliances
Star gazers dream! No back neighbors for 100's of miles
Views are 270 degree's private and serene, Lush trees and SANDY BEACH
Cozy gas fireplace invites you to relax indoors while viewing the sunset
Newer flooring and downstairs fully equipped gym to stay
Dining, kitchen with nook joins open family room and music parlor
Great neighborhood offers a quick, twenty-minute commute to downtown, wonderful lake and mountain views and level streets for your winter driving convenience. Close to shopping, dining, and schools

Photo Gallery

Information

Contact Information

Sandy Hodson

801-309-1098

Pricing

Asking Price: $349,900

Flexibility: Negotiable

Property Location

177 N. Lakeview
Stansbury Park, UT 84074

Links

Property Home Page

Features

Bedrooms: 6

Bathrooms: 2.5

Parking: Attached Garage

Year Built: 1996

Subdivision: Captain's Island

Lot Size: 0.25

Garage Size: 2

Square Footage: 3018

Agent Name: Sandy Hodson

Broker: Utah Select Realty

MLS #: 748419

Association: No HOA Fees

Taxes: 1579 (2006)

Basement: Partial, 60% finished, Exercise Room

Style: Multi-level Modern architecture

Community Features: Boat facilities, Clubhouse

Exterior: Stucco/Brick

Lot: Landscaped

View: Hills, Lake, Valley, Mountain, Water

Attributes

Appliances

Range/Oven

Dishwasher

Sink Disposal

Microwave

Hood Fan

Washer/Dryer Hookup

Interior Amenities

Fireplace

Security System

Vaulted Ceilings

Attic

Central Air

Forced Air Heat

Natural Gas

Family Room

Walk-in closet

Formal dining room

French doors

Ceiling fan

Gourmet kitchen

Granite countertops

Exterior Amenities

Patio

Fenced Yard

Grass Lawn

Asphalt Roof

RV parking

Sprinkler System

Flat lot, curbs, gutters, sidewalks

Double pane windows

Bay/box windows

Outdoor lighting

Hot tub

Sandy Beach

EQUAL HOUSING OPPORTUNITY

VFLYER ID: 1386001

PHASING OUT, PHASING IN!

2007-08-07T13:54:00Z

PHASING OUT, PHASING IN!

You're undoubtedly hearing reports in the media about increasing numbers of mortgage defaults. A frenzy of financing in the last few years allowed many buyers to secure loans that were downright inappropriate for them, and now we're experiencing the fallout.

If you're planning to sell or buy a home in the near future, what effect might the number of foreclosures have on your plans? Either way, banks and lenders are beginning to formulate loans more carefully, which can affect both buyers and sellers in the real estate market.

Buyers can certainly expect a tightening of credit. It will be more difficult to secure a mortgage if you have less-than-perfect credit. You'll need to anticipate slightly higher interest rates and/or a larger down payment to offset the perceived risk on the lender's part.

When buyers have more difficulty obtaining loans, sellers can feel the effects as well. That's because there may be fewer buyers out there, and they might be spending less because of the less favorable mortgage terms for which they qualify. That boils down to the possibility of lower offers.

However, there is always light at the end of the tunnel in every market. Real estate, like the economy, always goes through phases, and always regains its footing. A home is more than a commodity - it's shelter and security, and always a solid investment.

For specific market area details please visit www.MarkWatterson.com or call me 801.815.0411

Mark Watterson is an Associate Broker with Utah Select Realty, Inc and a licensed Mortgage Loan Specialist with Envision Lending Group.

2 Story Town Home For Sale in Lehi

2007-06-08T11:51:00Z

Great Town Home

• 2,000 sq. ft., 3 bath, 3 bdrm 2 story - $195,000 - Great Location

Lehi, Utah County - Great neighborhood and great location close to freeway for quick commute to Utah or Salt Lake Counties. Close to shopping, dining, and schools.

This home has 3 bedrooms and 2 1/2 bathrooms. It is 2000 square feet, which includes the unfinished basement. The main level has a Main Living room, kitchen, dining area, and 1/2 bathroom. The upstairs has 3 spacious bedrooms and 2 bathrooms including the master bathroom.

There are parks and playgrounds nearby.

Please no smoking or pets allowed

Absolutely stunning! Great Location with great views.

Sunny kitchen opens to spacious family room

HOA maintained yard. Fully landscaped with automatic sprinklers.

All information to be verified by buyer/buyers agent, information considered accurate however is not guaranteed.

View on the web.
www.1233.utahmark.com

Broker:
Utah Select Realty, Inc.

Property information

Ranch Style Home For Sale in Lake Mountain Estates

2007-06-05T18:12:00Z

Have your private pardise

• 2 bath, 3 bdrm ranch "Full basement" - MLS® #676673 $299,000 - HUGE LOT, Amazing Views

Lake Mountain Estates, Saratoga Springs - Hard to find HUGE Lot. Amazing lake and mountain views, Rambler built in 2005, Large Master bedroom and master bath with separate shower and garden tub. Beautiful kitchen with great lighting in dining area. Great Community close to boat docks and parks.

View on the web @ 3901.UtahMark.com; Great Price $299,000; Won't last long schedule to preview today.

HUGE LOT, with AMAZING VIEWS

Create your Private Paradise

All listing information deemed accurate however is not guaranteed. Buyer/buyers agent to verify all listing information. Square footage obtained from builder, buyer/buyers agent to verify for all sources.

Property information

FLIPS

2007-05-17T12:06:00Z

FLIP for CASH by understanding the numbers first.

We talked about this in an early blog. Ok, let’s assume you have done your homework and the numbers work, now you’re ready to buy. What is the best strategy? Well let’s talk about one at a time.

First let’s talk Flips.

Flipping property is very popular for many investors. This simply means buying a property and then selling in a short period of time. Usually the goal is to resale in 60 days or less. Some people try mixing with a different style of investing. For example, buying ugly doing some fix up and reselling in two to four months.

I’m going just to address what I call pure flips, turning <60days.

The best time to execute this strategy is in a raising market and finding properties being sold at 10% to 30% below market. This is becoming increasing difficult to accomplish. Many Lenders have established rules to prevent and/or limit investor ability to execute flips.

I believe property flipping is becoming a thing of the past. Lenders are and will become stricter with the flip rules. Many investors have done very well and many are finding it very difficult in today market to be successful.

The highbred flip of buying ugly, repairing and selling, have been much more successful and we are seeing less issues finding financing. Unless you’re willing to provide seller financing and then you can chose who you grant credit too.

When you purchase make sure you cover all the bases. This is where a good team is critical. Your Realtor, Mortgage Specialist and Title/Escrow specialist will be key to a smooth and profitable process.

For more information on investing visit www.MarkWatterson.com or call me 815-0411

Property Management

2007-05-02T16:04:00Z

You don’t need a property manager to manage your own properties or have any experience, even if you’re from out of town.

This is what I use to think and I was terribly wrong. How do I know I was wrong? I have tried it and made many expensive mistakes. Any inexperienced landlords will also make mistakes and to help them minimize them I have created a MUST do list from life lessons I have learned.

DO:

Require a solid rental application from all prospective tenants over 18.
Require five year job history and five year residence history
Verify everything on the application
Use a complete comprehensive lease and have it notarized
Check credit
Check criminal history
Do move in inspection with pictures or video.
Require security deposit equal to one months rent (minimum)
Know the laws (Federal and State) governing landlords and tenants
Treat your rental property as a business, your tenants are not friends, they are customers that have specific contractual requirements to meet
Create strict qualifying requirements and follow them.
Minimize vacancy; however vacancy is better than a bad tenant.

This is only a short list and will not guarantee a problem tenant. It will stack the odds in your favor of not placing a bad tenant.

Even good tenants can have rough times that make it impossible for them to meet contractual requirements. You will still have to make your mortgage payments or lose the property. So be proactive and know how you’re going to remove tenants that can not pay the rent or are violating the lease in some other manner.

You must do what is on the list above to have a chance of being successful. If you not willing to remove (in a timely manner) a tenant for violating your lease or screen properly. Then hire someone who is, a good property manager. It is worth the money and will save you money in the long run. Also create a team of other specialists to help you be successful. Get a good Attorney, Realtor, Mortgage Loan Specialist, Handyman and Accountant on your team. You may have a specific skill sets that allow you to wear multiple hats and that can work for you.

Now this might sound like I’m trying to get property management business. I’m not; I don’t manage other people properties. I tried it and found that a good fulltime property manager can better protect your interests and property value.

For free property management forms or more information visit www.MarkWatterson.com or call me 801.815.0411

Investor Positioning

2007-03-03T15:48:00Z

Investors come from a full range of experience. Many are fulltime investors; however the majority has other employment (aka JOB).

Investing goals vary widely. From income creation to meet current financial needs to long term strategies to create wealth for their retirement years.

Defining your goals and defining an investment plan that works with your level of risk tolerance. Is a critical initial step in the process of defining you investment style. It is very important when defining your style to make informed decisions and determine for yourself what works for you.

Numbers first, understand all the numbers that are important to successful investing.

Here are some to consider, price range of prospective investments, type of financing, yield to maturity, profit goals, tax impact (tax rates/depreciation), cash flow, ROI, cash on cash, cap rates and interest rates. Many times the financing structure is key to a successful investment.

Next, define your investment strategy. Briefly a few of these are buy and hold, flip, pre-construction, tax sales, buy ugly, lease/option and pre-lease. There a many different styles and they will be detail in future articles.

Now you know your investment style, financing requirements and goals. Now your ready to make strong offer to enable you purchase at the best possible price and terms.

For more information on investing visit www.MarkWatterson.com or call me 801.815-0411