New Listing! 5107 S 2125 W, Roy, UT 84067 - $265,000 - MLS 1647029

Searching for an affordable home with a huge garage and workshop, in an ideal location? Check this out! 3 bedrooms, 2 baths, 2088 sqft, 4-car garage, .23 acres in Roy, east of the tracks and just a few minutes from Hill AFB. Heated 24'x36' detached 4-car garage with 9' door, power & workbench plus a separate storage shed. Backup generator for the home is included. 

Remodeled kitchen with granite countertops, white appliance package, smooth top range, built-in microwave, refrigerator and laminate flooring. Hardwood floors under the carpet on main level. Updated bathrooms with tile floors. Newer vinyl windows. Central Air. Enclosed patio adds living space that's heated and cooled - window A/C unit stays. Extra room in the basement could be 4th bedroom, exercise room or office. Covered carport parking at the back door. Beautiful lawn & trees, almost completely fenced yard, automatic sprinkler system connected to secondary water.

MLS 1647029 Talk with your agent or call Kim today to schedule your showing appointment!

Kim Novak is the Broker/Owner of Novak Advantage Real Estate. She can be reached by call/text at (801) 726-1443 and by email to kim@novakadvantage.com.

Winter Is the Best Time for Home Buyers - And December 26th is the Best Day!

Winter Is the Best Time for Home Buyers: Buyers savvy enough to close on these dates may find themselves coming out ahead financially. ATTOM researchers pegged Dec. 26, Dec. 31, and Dec. 4, in that order, as the best days for home buyers to grab the biggest discounts on their home purchase.

84 more days for Buyers to take advantage of Sellers' wintertime motivation. Stay ahead of the game and keep track of the Spring Equinox Count-Down Clock HERE.

Perfect house-hunting weather to take us in to the New Year, too! If you've been wondering if the time is right to start looking for a new home, all indications are, well, Yes!

Kim Novak is the Broker/Owner of Novak Advantage Real Estate. She also loves snow.

Call, Text or Email to schedule an appointment!
(801) 726-1443   kim@novakadvantage.com

HUD Homes: Reverse Mortgage Foreclosures Offer Buyers Opportunities

2009 + (78 - 62) = 2025

Prediction: We'll see a growing trend of HUD Home opportunities for Buyers over the next 5+ years that are the result of Reverse Mortgage foreclosure. Aging is a natural process that occurs independently of real estate market conditions. According to NRMLA: National Reverse Mortgage Lenders Association statistics, the height of Reverse Mortgage loan originations, since tracking began in 1990, was in 2009. With life expectancy in the US at 78.6 years, 2025 may be the mid-point of a 10-year trend already underway. But don't think this is all doom-and-gloom. Reverse Mortgage foreclosure can result from other factors such as the home no longer being used as the borrower's principal residence, failure to occupy the home for 12 consecutive months because of illness (think "going to a nursing home"), or not meeting mortgage obligations such as keeping property taxes paid current, maintaining homeowners insurance and continuing upkeep of the home.

Reverse Mortgages are officially known as HECM: Home Equity Conversion Mortgages and are generally available to persons aged 62+ who own their home free & clear or have a significant amount of equity. The vast majority are insured FHA Loans. When an FHA Loan is foreclosed, it becomes a HUD Home owned by the US Government and is listed for sale by a REALTOR® on the MLS: Multiple Listing Service.

During the past few months, I've twice crossed paths professionally with Reverse Mortgage situations. First, with a family trying to determine if it made sense to purchase the property themselves under the discounted provisions afforded only to heirs, and, most recently, representing a Buyer make an offer on a HUD Home that resulted from a Reverse Mortgage foreclosure. Looking forward to 2020 and beyond, Reverse Mortgage foreclosures will offer viable new home purchase opportunities for savvy homebuyers.

Kim Novak is an SFR: Short Sale & Foreclosure Resource and Registered HUD Broker NAID# NVKSLS0536. She has represented Buyers, Sellers, and VA & REO Bank-Owned Properties throughout her 24-year career.

First-Time Homebuyers: New Construction as a Solution to Inventory Shortage Woes

Patience.

A little can go a long way for a first-time home buyer win in our ultra-competitive, seller's market. If you're in to month #4 of house hunting, your new home would be 1/2 way to completion by now ... at a set price that hasn't increased in tandem with our appreciating market, enjoying an experience that virtually eliminates multiple-offer bidding wars. New construction is an opportunity for you to win in today's real estate market - a brand new home with built-in equity.

Don't let anyone tell you that there aren't affordable options. Don't let anyone tell you they won't work with your agent. Don't let anyone tell you that you'll save money if you buy directly from the builder, without representation. And don't limit your options by going it alone.

Choosing the right REALTOR® as your guide is an important first step to success; a qualified and experienced professional who will be your advocate in navigating all of the new communities, price-points & floor plans, financing options & incentives, warranties & reputation, and translating new construction contracts & builder-ese.

It's All About the Benefits (to you). I offer my clients a comprehensive new home guidebook, which includes a new home communities tour and a builder-match featuring one-to-one meetings with the builders' sales reps. One of the most valuable benefits this affords my clients is that I often know about new home communities and "spec" homes that are almost at completion before they are even made public or listed in the MLS: Multiple Listing Service. Another win for you.

Let's go have fun with this!

Kim Novak is a CSP: Certified New Home Sales Professional and ABR: Accredited Buyer Representative. She has worked cooperatively with Utah Builders and their Sales Teams since 1995, professionally representing her Homebuyer Clients Finding Home in Utah.