Monday, January 29, 2018

Recently sold Home in Heber City, Utah!

I recently listed a beautiful home in the Heber Valley
This home was on the market for 11 days before 
going under contract. Are you considering selling 
your property? Now may be the time!

This 4 bedroom, 3 bathroom single family home
with 2400 square feet was built in 1999. It has a two car 
oversized garage, a private deck with gorgeous views, 
and a jacuzzi tub and sold in 1 month and 1 day.

Please contact me for more information and to schedule a
free market evaluation of your home.

Best Regards,
Brian Olsen - Utah Realtor
C: 801-318-3108

Thursday, January 25, 2018

Flipping a Home and an FHA Purchase

Buying a home to repair, upgrade or totally change is an exciting challenge. You want the biggest pool of buyers possible when it comes time to sell the property which will include those who may purchase the property using an FHA loan. You may have even used a 203k FHA renovation loan to purchase the property, but that is for a different discussion.

Thanks to James Roberts and Luke Sorensen with Security Home Mortgage in Orem, for their continued education concerning the lending process and making it as smooth as possible.

So whether you have purchased a property to flip or you are a buyer looking to purchase a property and it is a flip of the sellers here is some important information concerning FHA restrictions:

1.  FHA does not allow a loan on a property where the seller acquired the property within the last 90 days. All other loan programs are fine (based on the qualifications of the buyer, the appraised value, etc.).
2.  Have a title company check the county records for the date when the sellers name was recorded on title - don't go off a settlement statement, MLS sold date or verbal communication.
3.  It is not the Settlement Date that needs to be past that 90 day minimum it is the contract date, so depending when the offer is made, make sure that after any negotiations the contract may not be signed and dated until day 91 and then the FHA loan process may begin.

If you have any questions get with a lender, or feel free to contact me and I'm happy to help.

Brian Olsen - Wallsburg World Realtor
M: 801-318-3108

Monday, January 22, 2018

Amazing Equestrian Ranch Estate in the Wasatch Back

Equestrian Estate Ranch in the ideal Wasatch Back valley of Wallsburg in Utah. Close to Park City and Sundance, Wallsburg provides the best get away for a Wasatch mountain valley retreat. *The high quality of construction and material create an incredible atmosphere; *Enjoy amazing summer days on the large deck, playing tennis, making the most of the year round green house or simply relax next to the fountain and enjoy the beautiful landscaping. 
Stay comfortable in this 12,328 SF home during the winter months with radiant heat, forced air and two fireplaces with scenic mountain and valley views through the large vaulted windows. Handicap accessible with an elevator and full kitchens on both floors. 
Amazing detail in the layout of the complex with a 20,000 sf indoor arena, 16 stalls and kitchen; *two story, extra wide tack room; fully fenced with automatic pivot for pasture irrigation on this 29.60 acres; *fully automated; *professional dog run with septic system, drive through access, large pens and play area, automated watering system, professional grooming area, and more and more and more!

Get pricing, location, and more pics -

Best Regards,
Brian Olsen - Utah Realtor
C: 801-318-3108

Wednesday, January 17, 2018

Interest Rates & Real Estate

Before Trump announced his pick of Jerome Powell to head the Federal Reserve, LPL Financial put an interesting graphic together shown in Newsmag. It predicts due to the height of the Fed Chair an increase in the interest rates.

It is a common sentiment that rates are going to rise though who knows for how much and when. Looking at the 30 year Fixed Rate Mortgage chart from ValuePenguin showing that from 1971 to 2017 we are still at amazingly low interest rates.
Time series showing the annual average of interest rates for 30-year fixed-rate mortgages from 1971 to 2017

If you are thinking of purchasing property, now is a great time you may still get a great mortgage rate. If you are thinking of selling, let me know also and we'll look at what the market value of your home is.

I look forward to hearing from you.
Take care,
Brian Olsen, Wallsburg World Realtor
Coldwell Banker

Monday, January 15, 2018

Recently Purchased Home in Orem, Utah!

My clients were ecstatic to find this beautiful home in Orem, Utah.
Are you looking for a new home for your family? 
According to Time Magazine Orem was the #14 Best Place to Live in 2017. 
Orem may be the perfect place for you to purchase property.

This single family home was built in 1973 and was recently updated with 
new kitchen countertops, updated bathrooms and new shingles on the roof. 
With 1,550 sq. ft., this 3 bedroom/2 bathroom home was a great purchase.

In 2017 there were 658 single family homes sold in Orem compared to 675 single family homes sold in Orem in 2016; a drop of 2.5%.
In 2017 there were 868 single family homes listed for sale, so 76% of the homes listed actually sold and in 2016 there were 872 single family homes listed for sale for a total of 77% of the listed homes that sold.
There are currently 65 single family homes listed for sale in Orem through realtors.

If you are searching for your ideal home or if you have a home to sell, contact me and I'd love to work with you.
I look forward to hearing from you!

Best Regards,
Brian Olsen - Utah Realtor
C: 801-318-3108

Tuesday, January 9, 2018

Wasatch Back Equestrian Estate

This beautiful Equestrian Ranch Estate is being offered for sale in the Wasatch Back Valley of Wallsburg, Utah. With almost 30 acres, plus another 10 leased acres attached to the south side, with 21 shares of irrigation water there's a substantial amount of water available for harvesting alfalfa.

The ranch was built with the intent to raise and train horses for competitions and to that end the 20,000-square foot indoor arena and barn with 16 interior horse stalls and an outdoor arena provide that option.

The home has a very open floor plan with large kitchen and dining area adjacent to the main living area with vaulted ceilings through the second floor. Seven bedrooms and multiple bunk beds in the upstairs bunk room make for incredible family reunions. A full kitchen in the basement, radiant heat, as well as forced air, an exterior fountain, playground and tennis court make this 10,000-square foot home the ultimate second home, family vacation home, corporate retreat or full-time home.

Close proximity to thousands of acres of Forest Service property provides opportunities to explore on foot, horseback, four-wheeler or snowmobile to enjoy the beauty of the Wasatch Mountains. The back deck is the ideal place to relax and enjoy beautiful Wallsburg Valley sunsets.

Come make this your next home close to Park City, Sundance and Blue-Ribbon fishing on the Provo River. Additional property is also available. Contact Brian Olsen for more information.

Brian Olsen - Utah Realtor
C: 801-318-3108

Monday, January 1, 2018

Glenwild in Park City

There's some really nice homes, this home that the Schlowpee team has listed: just under 5,000 square feet, five bedrooms and you can see there's nothing behind you looking out this deck there's hiking and biking trails out the deck here, anyway it's just a gorgeous place. 

Glenwild they have a few different levels of membership to get the additional amenities and it's a little different if you live here versus if you're looking to get a membership and you don't actually live in Glenwild. 

But anyway if you're interested in Park City or this area give me a call, shoot me a text, or a private message and let's take a look at Glenwild because it is a really nice place. Take care, have a great weekend.

Best Regards,
Brian Olsen - Utah Realtor
C: 801-318-3108

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