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Two real estate agents and a lender talk about real estate in Utah. It‘s a homegrown real estate podcast for buyers, sellers, investors, and agents.
Episodes
Tuesday Apr 20, 2021
Tuesday Apr 20, 2021
Watch on YouTube: https://youtu.be/aQBw4EWugAE
The Utah Real Estate Purchase Contract (REPC) section 3 talks about the important terms of settlement, closing, and possession.
Settlement is different than closing. What are the terms of possession? Do you have a short-term lease? What's occupancy fraud?
0:22 - What is settlement?
1:03 - What is closing?
1:52 - What is possession?
3:03 - Longest possession is 60 days
3:45 - "Owner-occupied" financing requires the owner to move in within 60 days
4:23 - Why a buyer might want to provide longer possession - make the offer more attractive
5:06 - How a short-term lease back puts money back in the buyer's pocket
8:00 - Occupancy fraud - owner occupied rate for a non-owner occupied property
9:50 - What did we learn today?
10:26 - Like & subscribe!
10:47 - Bloopers
11:05 - Scrooge McDuck vs Donald Duck
*No tenants were harmed in the filming of this real estate discussion.
Please contact us to tell us you love us, you want to hire us! Call or text:
Realtors with Hive Collective at Presidio Real Estate:
Tyler Cazier: 801-210-0230
Aric Wiszt: 801-228-7687
Lender with Elite Team at Security Home Mortgage:
NMLS: 178787
Jason Christiansen: 801-669-7271
NMLS: 240472
A Production with Security Home Mortgage's Jason Christiansen, and Hive Collective at Presidio's Tyler Cazier and "Mr. Suit" Aric Wiszt.
Tuesday Apr 13, 2021
Tuesday Apr 13, 2021
Watch on YouTube: https://youtu.be/-8SYq3aQt3Y
There's more to title than you might think...a lot more!
What is title insurance, and how does it help the buyer...and the seller? What's an owner's policy, a lender policy, and what's the difference? What does it mean to convey "free and clear title"? When do you get a "PR" and how do you use it?
*No escrow officers were harmed in the filming of this real estate discussion.
Please contact us to tell us you love us, you want to hire us! Call or text:
Title Attorney with Rudd & Hawkes Title:
Greg Hansen: greg@rhtitle.com
Realtors with Hive Collective at Presidio Real Estate:
Tyler Cazier: 801-210-0230
Aric Wiszt: 801-228-7687
Lender with Elite Team at Security Home Mortgage:
NMLS: 178787
Jason Christiansen: 801-669-7271
NMLS: 240472
A Production with Security Home Mortgage's Jason Christiansen, and Hive Collective at Presidio's Tyler Cazier and "Mr. Suit" Aric Wiszt.
Tuesday Apr 06, 2021
Tuesday Apr 06, 2021
Watch on YouTube: https://youtu.be/7WSBbyfvdOY
How much down payment do you have to bring? What makes up the purchase price? Wait, what if I have to sell my home in order to buy this one?
These are all questions buyers face when they consider presenting an offer on a home. You want to make sure you stand out, and you want to make sure that you're presenting enough to secure the deal...but you have to be careful with the details!
*No small down payments were harmed in the filming of this real estate discussion.
Please contact us to tell us you love us, you want to hire us! Call or text:
Realtors with Hive Collective at Presidio Real Estate:
Tyler Cazier: 801-210-0230
Aric Wiszt: 801-228-7687
Lender with Elite Team at Security Home Mortgage:
NMLS: 178787
Jason Christiansen: 801-669-7271
NMLS: 240472
A Production with Security Home Mortgage's Jason Christiansen, and Hive Collective at Presidio's Tyler Cazier and "Mr. Suit" Aric Wiszt.
Tuesday Mar 30, 2021
Tuesday Mar 30, 2021
Watch on YouTube: https://youtu.be/GbcnsoAHU5g
What's a home warranty? How does it work? Do you need one?
We discuss with Corey Zimmerman, owner of Elevate Home Warranty the ins and outs of having a warranty on a home.
*No appliances were harmed in the filming of this real estate discussion.
Please contact us to tell us you love us, you want to hire us! Call or text:
Elevate Home Warranty
Corey Zimmerman
801-830-9466
Realtors with Hive Collective at Presidio Real Estate:
Tyler Cazier: 801-210-0230
Aric Wiszt: 801-228-7687
Lender with Elite Team at Security Home Mortgage:
NMLS: 178787
Jason Christiansen: 801-669-7271
NMLS: 240472
A Production with Security Home Mortgage's Jason Christiansen, and Hive Collective at Presidio's Tyler Cazier and "Mr. Suit" Aric Wiszt.
Tuesday Mar 23, 2021
Tuesday Mar 23, 2021
Watch on YouTube: https://youtu.be/SFkQ5GMQ3KU
Are these shelves included? What about the shed in the back? What's included and what's excluded from a real estate purchase contract? It's important to understand what the contract says, because ultimately, that's the document that governs whether or not something is sold with the house.
0:46 - What appliance must be in a home before it can be considered a home? An oven.
1:35 - If it's attached, it comes with the house: real property
2:25 - Personal property: things not bolted to the house
3:03 - Bill of Sale - personal property conveyed with real property..."at no cash value"
3:47 - Aric's buyers and the sellers that took their drapes...oops!
5:45 - Know what the contract stipulates
6:30 - Know specifically what's included and what's excluded
7:30 - You can't change real property in the middle of a contract
7:55 - Water rights - all shares are included unless specially excluded
8:44 - Aric's story of water rights
9:30 - What'd we learn today?
10:05 - Nothing's excluded in this video. Likes and subscribes are INCLUDED!
10:32 - Bloopers
*No water was harmed in the filming of this real estate discussion.
Please contact us to tell us you love us, you want to hire us! Call or text:
Realtors with Hive Collective at Presidio Real Estate:
Tyler Cazier: 801-210-0230
Aric Wiszt: 801-228-7687
Lender with Elite Team at Security Home Mortgage:
NMLS: 178787
Jason Christiansen: 801-669-7271
NMLS: 240472
A Production with Security Home Mortgage's Jason Christiansen, and Hive Collective at Presidio's Tyler Cazier and "Mr. Suit" Aric Wiszt.
Tuesday Mar 16, 2021
Tuesday Mar 16, 2021
Watch on YouTube: https://youtu.be/AD2OdsnDio8
Are you having trouble getting your offer accepted in a strong seller market? Here are 19 tips of how to get your offer accepted. We talk about contingencies, earnest money, appraisal gaps, seller closing cost and more! Do everything you can to make your offer stand out among the many that will be submitted.
In this video you'll find 19 tips to make an attracting and strong offer (forget "highest and best").
We've used this strategies to get buyers under contract on the home they want in the toughest of seller markets. If homes you're interested in keep getting 50+ offers, and you just don't know how to stand out, THIS IS HOW YOU GET YOUR OFFER ACCEPTED.
Here are 19 proven ways to get your offer accepted (please keep in mind that some of these increase a buyer's risk in the transaction, so use them carefully, under the direction of professional advice):
Attractive & Strong, not Highest & Best
0:37 1. Offer ask price (5% - 10%)
2:37 2. Offer 10% under your max
2:47 3. Be prepared for an interest rate shift (so interest rates don't bump you out of the purchase)
3:14 4. HOA fees reduce your purchase by $20,000 per $100 / month HOA fee
4:20 5. Have your lender call when the offer is presented.
6:50 6. Go over numbers with your lender (make sure there's enough cash for everything), and don't over extend yourself
7:35 7. Drop contingency to sell a house
8:18 8. Drop due diligence contingency, still do it though (do early due diligence on a neighborhood)
9:14 9. Increase earnest money to 2%
10:34 10. Remove appraisal contingency
10:37 11. Cover an appraisal gap
10:46 12. Drop financing contingency (i.e. make a cash offer)
13:22 13. Present an offer right away
13:54 14. Pay for seller HOA transfer fee / assessment fee
15:10 15. There's a cost for waiting to buy a house
15:42 16. Pay seller closing costs
16:12 17. Don't ask for seller concessions
17:23 18. Offer creative incentives to stand out and be memorable - be the bar that other offers have to stand against
18:33 19. Find a lender that will back your earnest money
19:24 - What'd we learn today?
19:59 - Loved One Short
21:22 - Bloopers :)
*No offers were harmed in the filming of this real estate discussion.
Special consideration to Jimmy Eaton, who helped to curate this list.
Please contact us to tell us you love us, you want to hire us! Call or text:
Realtors with Hive Collective at Presidio Real Estate:
Tyler Cazier: 801-210-0230
Aric Wiszt: 801-228-7687
Lender with Elite Team at Security Home Mortgage:
NMLS: 178787
Jason Christiansen: 801-669-7271
NMLS: 240472
A Production with Security Home Mortgage's Jason Christiansen, and Hive Collective at Presidio's Tyler Cazier and "Mr. Suit" Aric Wiszt.
Tuesday Mar 09, 2021
Tuesday Mar 09, 2021
Watch on YouTube: https://youtu.be/52Hyv5iMTRU
Mortgage Insurance on my loan, When does mortgage insurance have to be on a loan? Does PMI come off my loan? Does MIP fall off my loan? What is mortgage insurance? Can you Re-Fi out of mortgage insurance?
Mortgage insurance guarantees the investor's money in a real estate transaction. Sometimes it's programmed to come off (commercial mortgages are at 78% LTV), and other times it stays on there forever (FHA / USDA). Either way, you should know what it does before you say, "I want to get rid of this!" because sometimes, it's a good idea to leave it there!
*No loans were harmed in the filming of this real estate discussion.
Please contact us to tell us you love us, you want to hire us! Call or text:
Realtors with Hive Collective at Presidio Real Estate:
Tyler Cazier: 801-210-0230
Aric Wiszt: 801-228-7687
Lender with Elite Team at Security Home Mortgage:
NMLS: 178787
Jason Christiansen: 801-669-7271
NMLS: 240472
A Production with Security Home Mortgage's Jason Christiansen, and Hive Collective at Presidio's Tyler Cazier and "Mr. Suit" Aric Wiszt.
Tuesday Mar 02, 2021
Tuesday Mar 02, 2021
Watch on YouTube: https://youtu.be/v3Mmctrrx9o
How often should carpets be cleaned? Are all carpet cleaners the same? What makes one carpet cleaner better than another? How do you get a carpet allowance without committing fraud?
Get your carpets professionally steam cleaned once per year. Don't over soap your carpets unless you really like those black marks, and vacuum twice per week to keep soil out of the roots of the carpet fiber.
Oh, and call Moroni Salvador at Utah Pros (http://www.utah-pros.com) to get your carpets cleaned. He knows what he's doing!
*No vacuums were harmed in the filming of this real estate discussion.
Please contact us to tell us you love us, you want to hire us! Call or text:
Moroni Salvador
385-314-5700
facebook.com/utahpros
instagram.com/utahpros
Realtors with Hive Collective at Presidio Real Estate:
Tyler Cazier: 801-210-0230
Aric Wiszt: 801-228-7687
Lender with Elite Team at Security Home Mortgage:
NMLS: 178787
Jason Christiansen: 801-669-7271
NMLS: 240472
A Production with Security Home Mortgage's Jason Christiansen, and Hive Collective at Presidio's Tyler Cazier and "Mr. Suit" Aric Wiszt.
Tuesday Feb 23, 2021
Tuesday Feb 23, 2021
Watch on YouTube: https://youtu.be/rYuEEqAVDgw
How much insurance do you really need? What coverages are you ok to get rid of? How do you actually file a claim, and then what happens?
This is part two of two of our interview StateFarm insurance experts Joe Bowen, Ben Hardmen, and Alex Resendiz.
Part 1 is here: https://www.youtube.com/watch?v=fB3Y0ykDcu8.
0:43 - Welcome back.
1:00 - What's gonna happen after you file a claim? Your insurance will likely go up. If you can cover it, you should cover it.
1:25 - Call your agent before you file a claim.
1:59 - Any time a claim is filed, your policy can be reviewed (and your insurance will likely go up).
2:25 - How much could your premium go up?
2:50 - Warranties are different than insurance.
3:48 - Home insurance is not a maintenance policy. It's for BIG challenges.
3:58 - If you don't know your policy, make sure you know your agent.
4:23 - "Is my policy set correctly?" discussion with your agent.
4:43 - What did we learn today?
5:12 - Like and subscribe!
5:41 - Bloopers
*No insurance deductibles were harmed in the filming of this real estate discussion.
Please contact us to tell us you love us, you want to hire us! Call or text:
StateFarm, Dean H. Bowen Insur Agcy Inc
Joe Bowen
joe@deanbowen.net
801-489-5636
Realtors with Hive Collective at Presidio Real Estate:
Tyler Cazier: 801-210-0230
Aric Wiszt: 801-228-7687
Lender with Elite Team at Security Home Mortgage:
NMLS: 178787
Jason Christiansen: 801-669-7271
NMLS: 240472
A Production with Security Home Mortgage's Jason Christiansen, and Hive Collective at Presidio's Tyler Cazier and "Mr. Suit" Aric Wiszt.
Tuesday Feb 16, 2021
Tuesday Feb 16, 2021
Watch on YouTube: https://youtu.be/fB3Y0ykDcu8
How much insurance do you really need? What coverages are you ok to get rid of? How do you actually file a claim, and then what happens?
This is part one of two of our interview StateFarm insurance experts Joe Bowen, Ben Hardmen, and Alex Resendiz.
Part 2 is here: https://www.youtube.com/watch?v=rYuEEqAVDgw
0:43 - Home insurance, AKA "Hazard Insurance". Why do lenders care about home insurance? Is it different than a homeowner?
1:21 - What is "the right coverage"? What's wrong with having only basic coverage? It's cheap, isn't that awesome! Most common losses in insurance.
2:05 - What's covered, and what ain't? How endorsements work. There are things that are NOT covered, but endorsements cover you.
2:52 - What's boilerplate (basic) coverage? The 17 named perils.
3:13 - Lenders don't care about possessions. Lenders care about being able protect the property enough to recover losses if they have to foreclose. Lenders care about enough insurance to cover the loan.
4:18 - "Inflation Guard" makes sure you continue to carry enough insurance on your house...even as it appreciates in value. So yes, when you're home insurance goes up, that's a good thing!
5:14 - How to upgrade a "bare-bones" policy.
6:15 - Talk to your agent. You need to be able to get ahold of your rep.
6:47 - Home Insurance isn't the same on a town home and condo, as a rental, as an owner-occupied single family home. HOA's have coverage...but there's a high deductible...like $25,000!!!
8:38 - What happens if I have a loss? I.e. my water heater exploded! Now what?
9:44 - What happens after you file a claim? Would you ever NOT file a claim. YES!
Stay tuned for part 2 next week!
*No insurance adjusters were harmed in the filming of this real estate discussion.
Please contact us to tell us you love us, you want to hire us! Call or text:
StateFarm, Dean H. Bowen Insur Agcy Inc
Joe Bowen
joe@deanbowen.net
801-489-5636
Realtors with Hive Collective at Presidio Real Estate:
Tyler Cazier: 801-210-0230
Aric Wiszt: 801-228-7687
Lender with Elite Team at Security Home Mortgage:
NMLS: 178787
Jason Christiansen: 801-669-7271
NMLS: 240472
A Production with Security Home Mortgage's Jason Christiansen, and Hive Collective at Presidio's Tyler Cazier and "Mr. Suit" Aric Wiszt.
Tuesday Feb 09, 2021
Tuesday Feb 09, 2021
Watch on YouTube: https://youtu.be/XfE0BhbfZFQ
An interview with Utah Dance & Fitness owner, Camille Neilsen! How did she decide to buy? When she saw "the shed", how did she decide to transform it into "the dance studio?" Why is using a realtor so important through the whole process?
0:52 - Introductions
1:26 - Why did Camille want to move to Utah?
1:48 - The "Whirlwind" tour. How to shop for a house in just 3 days!
2:24 - Why did you decide to use a Realtor? We needed someone who knew the land, who had kept up with the changes to this city, and we trusted Tyler. "We knew he would have our best interest at heart."
3:12 - During the "Whirlwind" tour, what were things that stuck out? How did Tyler help throughout the process?
4:33 - The house buying entourage. It helps to have multiple eyes, but it can be a handful!
4:57 - What were some frustrations you had along the way?
5:24 - Did you come back at all until you moved in? No. We did everything from out of state! We did a virtual inspection, a virtual final walkthrough... We did a LOT of virtual communication.
6:11 - It wasn't a standard purchase contract, it was a builder's contract. They're a little more complex. (6-pg Utah purchase contract vs 42+pg builder contract!)
6:53 - The fence. It's a big fence, and the builder didn't want to put the fence in. What happened? With kiddos on the autism spectrum, we needed a fence.
8:37 - The fence solution: help the builder understand the need.
9:39 - This WASN'T a dance studio when you moved in. How did you see this as a dance studio? The entourage helped to see the space in a different way. Don't look at it they way everybody else looks at it. Have some creativity! And it generates supplemental income.
13:20 - What advice would you give to people thinking about buying a house right now? Work with a Realtor!
13:58 - What did you learn today? 1) Thinking outside the box. 2) It's handy to have a pro. 3) Really good communication is really important. 4) There are tons of ways to use a home to your advantage.
15:03 - Like and Subscribe!
15:46 - bloopers
16:06 - A Utah Dance & Fitness mini dance fitness session for the boys!
*No dance moves were harmed in the filming of this real estate discussion.
Please contact us to tell us you love us, you want to hire us! Call or text:
Owner of Utah Dance & Fitness:
Camille Neilsen
https://www.facebook.com/camille.udf
https://www.instagram.com/utahdanceandfitness/
Realtors with Hive Collective at Presidio Real Estate:
Tyler Cazier: 801-210-0230
Aric Wiszt: 801-228-7687
Lender with Elite Team at Security Home Mortgage:
NMLS: 178787
Jason Christiansen: 801-669-7271
NMLS: 240472
A Production with Security Home Mortgage's Jason Christiansen, and Hive Collective at Presidio's Tyler Cazier and "Mr. Suit" Aric Wiszt.
Tuesday Feb 02, 2021
Tuesday Feb 02, 2021
Watch on YouTube: https://youtu.be/p877Li4uOV0
There's a difference between settlement, closing, recording, and possession. Here's the kicker: you don't get to move in until POSSESSION.
Would it be bad to let someone move into a home you're selling *before* it closes? What happens during the final walkthrough, and why it could make or break your deal. And what is a closing disclosure, and why can't you close without it.
1:29 - When do you actually take possession?
4:23 - When are you signing (settlement)?
5:13 - Possession before closing
7:27 - Do your final walkthrough
9:11 - the closing disclosure (CD) for the buyer / settlement statement (SS) for the seller
11:34 - bloopers :)
*No agents or lenders were possessed in the filming of this real estate discussion.
Please contact us to tell us you love us, you want to hire us! Call or text:
Realtors with Hive Collective at Presidio Real Estate:
Tyler Cazier: 801-210-0230
Aric Wiszt: 801-228-7687
Lender with Elite Team at Security Home Mortgage:
NMLS: 178787
Jason Christiansen: 801-669-7271
NMLS: 240472
A Production with Security Home Mortgage's Jason Christiansen, and Hive Collective at Presidio's Tyler Cazier and "Mr. Suit" Aric Wiszt.
Tuesday Jan 26, 2021
Tuesday Jan 26, 2021
Watch on YouTube: https://youtu.be/mCWpTcgm3Sk
Using technology, an out of state buyer doesn’t even need to travel to the home in order to purchase it…and it’s not “sight unseen” anymore! Do your Realtor®, lender, and other real estate professionals use digital signatures? Do they use 3D tours? Do they use drone footage and live walkthrough video? They should.
Here's an example 3D tour on a home in Spanish Fork:
https://my.matterport.com/show/?m=Y6CtTHmKggs
Example of a nice video tour:
https://vimeo.com/331569016
*No out-of-staters were harmed in the filming of this real estate discussion.
Please contact us to tell us you love us, you want to hire us! Call or text:
Realtors with Hive Collective at Presidio Real Estate:
Tyler Cazier: 801-210-0230
Aric Wiszt: 801-228-7687
Lender with Elite Team at Security Home Mortgage:
NMLS: 178787
Jason Christiansen: 801-669-7271
NMLS: 240472
A Production with Security Home Mortgage's Jason Christiansen, and Hive Collective at Presidio's Tyler Cazier and "Mr. Suit" Aric Wiszt.
Tuesday Jan 19, 2021
Tuesday Jan 19, 2021
Watch on YouTube: https://youtu.be/aQABBL3q-Fo
Why do prices keep going up? Well, it's supply and demand. There's a low supply, and there's a high demand, with a huge housing gap! That's great news for sellers who watch their homes appreciate as much as 20% per year! But that creates some challenges for buyers who's buying power seems to be diminishing every week. Luckily, low interest rates are still allowing buyers to acquire property.
More information on the Utah Housing Gap:
https://slchamber.com/housinggapcoalition/
https://www.youtube.com/watch?v=OdKOYTn-hoU&feature=emb_logo
*No housing storage was harmed in the filming of this real estate discussion.
Please contact us to tell us you love us, you want to hire us! Call or text:
Realtors with Hive Collective at Presidio Real Estate:
Tyler Cazier: 801-210-0230
Aric Wiszt: 801-228-7687
Lender with Elite Team at Security Home Mortgage:
NMLS: 178787
Jason Christiansen: 801-669-7271
NMLS: 240472
A Production with Security Home Mortgage's Jason Christiansen, and Hive Collective at Presidio's Tyler Cazier and "Mr. Suit" Aric Wiszt.
Tuesday Jan 12, 2021
Tuesday Jan 12, 2021
Watch on YouTube: https://youtu.be/7xLY4W-8qNo
What happens if I back out of a real estate purchase contract? Well, there's a penalty if the buyer or the seller back out — and that's earnest money.
It matters when and why you back out as to whether or not you'll get to keep your earnest money. In a nutshell, real estate contract are serious business. If you aren't serious, you're going to pay a penalty!
*No earnest money was harmed in the filming of this real estate discussion.
Please contact us to tell us you love us, you want to hire us! Call or text:
Realtors with Hive Collective at Presidio Real Estate:
Tyler Cazier: 801-210-0230
Aric Wiszt: 801-228-7687
Lender with Elite Team at Security Home Mortgage:
NMLS: 178787
Jason Christiansen: 801-669-7271
NMLS: 240472
A Production with Security Home Mortgage's Jason Christiansen, and Hive Collective at Presidio's Tyler Cazier and "Mr. Suit" Aric Wiszt.