to Your Estate Realty.
We are dedicated to saving you money on your real estate
really mean it...... Buying or
selling a home has become very expensive. We are committed
to doing what we can to reduce those costs.
how it works.......
the Seller. We TARGET the services and reduce
the commission. Instead of the usual 6% or 7% commission
plus administrative fees, we charge you 4%. We
take 1% for listing (in some cases this is negotiable)
and pass the other 3% on to the selling office.
We list your home through the "Wasatch Front Multiple
Listing Service" (MLS) This exposes your house to
all the Real Estate Agents who belong to the Board of
Realtors and the MLS. It also is linked to the public
We place a very bright sign in your front yard. That sign
is meant to attract interested parties and give them the
opportunity to check out your house on this website and
on the MLS public website.
represent you in the negotiations with prospective buyers.
create a comparative market analysis for your review to
help you establish the asking price of your house. If
you prefer we will order a professional appraisal, at
your expense, to better determine the value of your property.
place a key box on your house at your request so, Real
Estate Agents will have easy access to show your house
to prospective buyers.
supply you with comment cards for Agents and their prospective
buyers to fill out and leave for your review, so that
you will know what people think about your house. This
will give you feed back on impressions, repairs, improvements
or price adjustments you may want to consider to help
sell your house quickly in today's market.
supply you with all state and federal forms and disclosures
required of the seller and assist you, where we can, to
fill the forms in correctly and completely and supply
them to the buyer in a timely manner.
order a preliminary title report to ascertain, in advance
of a sale, any issues that will have to be addressed before
you accept any offers on your house.
take 8 pictures of your house to put on both our web site
and the MLS site and include any comments you would like
to make about the special features of your home. (The
MLS only allows 8 photos)
can pre-qualify any prospective buyer, with their permission,
so that you will have some reassurance that the transaction
can even save the prospective buyer money on their financing
costs, if you or we find the buyer. (This is subject to
agency rules and state law.)
you decide that you want to pay the full commission
for a full service agent, we will be happy to refer
your listing to a full cost agent after the first
you don't get....
do not typically do "open houses".
do not advertise your home in any magazines, newspapers
or other media except our website and the MLS.
your house is a business decision and we will treat it
as such. Remember, the minute you decide to sell, it is
no longer your home, it becomes a piece of property. We
will be happy to meet with you about any and all offers
at our offices or your house during reasonable business
the Buyer. As both Real Estate Broker and Mortgage
Broker/Banker we save you money when you buy a house through
us. We do this by reducing or eliminating the origination
fee on your new mortgage. Since we get paid the sales
commission by the seller, we can put your mortgage together
without the usual charges. That does not mean there will
be no costs to your loan, just that a loan officer will
waive or at least reduce the usual origination fee.
waive or reduce the fee on all standard conventional loans.
FHA does not allow the Real Estate Agent to also be the
loan officer.(Neither does Utah Law as of 1-1-2004) We
have made special arrangements for other loan officers
to do FHA loans (for our clients only) at a substantial
reduction ($100 instead of the usual 1%).
On what we call sub-prime or non standard loans there
may be an origination or broker fee do the company. We
will have to collect this fee, but will reduce it as much
as possible for our clients.
How we work...
people need a mortgage to buy a house. The first step
in that process is to pull a credit report ($18) and review
your income and assets to determine the best type of loan
and how much of a loan you can qualify for.
credit report is first, because in today's world, it is
the single most important piece of information about you
and your ability to get a loan. If there are problems,
we show you how to fix them. (See
credit on the mortgage site)
We do this up front because it can take as long
as 2-3 months to get your credit repaired and will make
a huge difference in both the interest rate and type of
loan you can qualify for.
we analyze your income and assets to determine the best
type of loan for your individual needs. There are literally
thousands of loan types and variations to choose from.
We take the time to help you select the right one for
both your current and future needs.
(We should note here that Dave Udy, Principle Broker,
has been in the real estate industry since 1974. He successfully
sold real estate until 1979 when he moved to the Mortgage
side of the business. Also, he is one of only a handful
of Utah mortgage lenders to have achieved the "Certified
Mortgage Consultant" designation. Remember, experience
does count when you are about to enter into one of the
biggest financial transactions of a life time.)
the pre-qualification process is complete, you will know
how much of a loan you are able to get. We then begin
to determine how much house you need and can reasonably
afford. At that time we will ask you to sign a "Buyer/Broker
Agreement" so the shopping process can begin.
for the right house normally takes time. We review all
of the possible properties currently listed that fit your
needs and ability to qualify for a loan. We create a list
for your review and create a folder for updates which
we e-mail or fax to you when new ones become available.
Your job is to check them out. That means you need to
review them on the web, (you can use the extra computer
in our office if you don't have one) drive by the ones
you like and narrow down the list. Once you have determined
the ones you like, we will schedule times and make appointments
to view them.
When you have selected one that fits your needs, we will
prepare the paper work for your review and negotiate with
the seller to get you the best possible price and
terms. (Remember, well priced properties sell quickly,
especially in the lower price ranges, so you may have
to move quickly on new listings)
When we get an offer accepted by both you and the seller,
we will order an appraisal and complete your loan processing.
We recommend that you get inspections in addition to the
appraisal, and will help arrange access for the inspectors.
When you have approved the inspections, we will schedule
a closing date and time. Then it's time to start packing.