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Why Inventory Items in your Home?

by Mark and Monte Jones

Last week my home was broken into burglarized and ransacked.  Ironically even though I mail letters to past clients explaining the importance of inventorying personal belongings I hadn’t done it.   Regrettably, because I didn’t have serial numbers, photos, receipts or other proof of the items stolen I most likely will not get them back or replaced by my insurance.  Even scarier my family is still discovering missing items since we didn’t have an inventory list.  It’s amazing how you forget about the diamond ring you gave your wife 25 years ago for Christmas not to mention things like car keys and iPods you don’t notice missing until you go to use them and they are gone!

To the looser that broke into my house I hope it was worth it!    SERIOUS street value on the items you took is maybe three or four hundred dollars nothing compared to the damage you did to my carpets, wife’s car and making it so my son is afraid to sleep in his own room!   I am a true believer in karma and you will get yours my friend.  This is the letter we at the Jones Team mail to past clients please read it and more importantly do it.   I never thought it would happen to me is no excuse!

Just writing to say "Hi" and to remind you of the importance of making an inventory of your belongings in case you ever need to make an insurance claim.

The reason I mention it is that I recently heard about a family whose home was broken into.

Unfortunately they never got full replacement value for their losses because they couldn't supply the insurance company with reasonable proof of what they owned. In order to avoid such claim problems, insurance companies suggest that you make a complete inventory of your belongings and also video or photograph them for visual proof.

No one ever likes to think about having their home broken into, but in the event that it happens, it pays to be prepared. If I can be of any service to you in this regard, please call or email me.

Thanks,

Absorption Report for Single Family Homes in Salt Lake County.

by Mark and Monte Jones

As expected from the busy spring and summer months the number of available homes in Salt Lake County is very low.  Although teetering on the edge of a seller’s market when you lump all price ranges and areas together there are many micro markets you should know about before you start shopping or thinking about selling a home.  If you are one of the buyer's looking for a home under $200,000 you know how competitive the market is!    Likewise, our seller's with homes over $600,000 understand all too well how few buyers are shopping that market.       

For those of you looking in the strong seller markets with the season change to fall and winter there is less competition and more opportunities for you to find the perfect home and if you are a seller in the higher price range fall and winter buyers are serious buyers not just lookers so although there are fewer showings those buyers need to buy a home and it might be yours!  

To find out what your particular market neighborhood or price range is doing call or email the Jones team today. 

Absorption report for single family homes in Salt Lake County

 

2 Months

3 Months

4 Months

5 Months

6 Months

12 Months

Active Properties:

3,178

3,178

3,178

3,178

3,178

3,178

Under Contract Properties:

1,565

1,565

1,565

1,565

1,565

1,565

Sold Properties:

1,862

2,947

3,987

4,963

5,992

10,646

Market Absorption:

931.00 Per Month

982.33 Per Month

996.75 Per Month

992.60 Per Month

998.67 Per Month

887.17 Per Month

Inventory:

5.09 Months

4.83 Months

4.76 Months

4.78 Months

4.75 Months

5.35 Months

 

Cost of a Home: Impact of Interst Rates

by Mark and Monte Jones

Cost of a Home: Impact of Interest Rates

Love this KCM post from Tuesday titled Cost of a Home.    For all you renting please consider what your rents were five years ago and imagine what they will be five years from now.  We have a few rental properties worth around $200,000.  They  rent for $1,200 a month and the same home you could own for $900 a month principle and interest! 

 This is the post and the chart enjoy!

The buyer should always look at the COST of a home, not just the PRICE. The cost is determined by the price and the mortgage interest rate which is available at the time. Below is a list of the interest rates over the last ten years and the impact they have on a $100,000 mortgage payment.

Call, text or email Mark or Monte with the Jones team today to learn how to stop renting and start owning!   We specialize in helping buyers all along the Wasatch front including:

Salt Lake County areas and homes the Jones Team Covers:
Salt Lake, Bluffdale, Draper, Holladay, Kearns, Magna, Midvale, Murray, Riverton, Sandy, South Jordan, South Salt Lake, Taylorsville, West Jordan, West Valley, Herriman, Cottonwood Heights

Davis County Areas and Homes the Jones Team Covers:
Bountiful, Centerville, Clearfield, Clinton, Farmington, Fruit Heights, Kaysville, Layton, North Salt Lake, South Weber, Sunset, Syracuse, West Bountiful, West Point, Woods Cross, South Hooper

Utah Counties and Homes the Jones Team Covers:
Alpine, American Fork, Highland, Lehi, Lindon, Orem, Pleasant Grove, Provo, Vineyard, Saratoga Springs,
Eagle Mountain,

 

Displaying blog entries 1-3 of 3

Contact Information

Mark and Monte Jones
Jones And Associates Realty LLC
7069 Highland Dr. Suite 250
Cottonwood Heights UT 84121
801-635-4663
801-209-6906
Fax: 866-729-0308