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We’ve been hearing that there’s an extra inventory of foreclosures the banks have been holding onto in order not to flood the market, however that might just be a myth. The local Salt Lake City movers learned that a new report from Pro Tech Valuation Services says that the foreclosed homes inventory will probably never hit the real estate market. Potential homebuyers haven’t been finding their dream home because there isn’t enough supply. Not only are these would-be buyers competing against other potential buyers wanting to take advantage of great deals but also against investors that are offering up all cash. This perception of lack of inventory also doesn’t affect every market, just a few concentrated desirable neighborhoods. So buyers looking into really popular areas, probably won’t find the best bargain deals. For example, in three California counties including San Diego, the inventory will only last about 5 months if the sales continue down the same path.

The All My Sons of Salt Lake City know that the reality is that the majority of foreclosed properties are in poorer areas, many in poor conditions. It seems like that shadow inventory people have been referring to will be much smaller than anticipated. The latest research shows there were 57,000 completed foreclosures nationwide in August, down from the 75,000 of last year.

Are you waiting to hit the foreclosure jackpot before you move into a new place?

First it was New York City residents that are promoting a plan to build 275 to 300 square foot apartments. Now, the local Salt Lake City moving specialists earned that San Francisco is next on the list of encouraging smaller living spaces. Recently, there was a vote delayed on whether to allow apartments as tiny as 220 square feet which the size of a small garage. San Francisco has very expensive rents, some of the highest in America. All My Sons of Salt Lake City learned the average rent for a 500 square feet studio goes for about $2,075 per month. Now, a company headquartered in Berkeley is interested in building about 160 micro apartment units that will rent for $1,300 to $1,500 measuring about 220 square feet. These micro apartments will only be built in new buildings, but there’s still no word on whether the company will get approval.

So how small is too small? Would you be able to live in 220 square feet? People in New York are living in 98 square feet and making it work. They prefer to be close to entertainment venues and work, allt he while saving hundreds of dollars on rent. The micro-apartment trend is not picking up steam in Salt Lake City just yet. But the local Salt Lake City movers will keep you up to date on that subject as well as other real estate news in the area.

These days there are more and more people that can live the dream of homeownership. Home prices are low nationwide and inventory is high, filled with foreclosures and short sales that are even priced lower. However, the local Salt Lake City movers wonder what consists of a dream home? Is it one that’s in an ultra-luxurious neighborhood? One that has a giant pool surrounded with waterfalls and fountains? Or with a bowling alley inside? The local Salt Lake City movers remind you that your dream home is what you make of it. You should have a list of must-haves that are within your budget and a list of would-like-to-haves. You don’t want to pass up on a great house at a great price just because it may not have the staircase of your dreams. The All My Sons of Salt Lake City have done countless residential moves and the one thing that’s true of all of them is how happy the new owners when they’re finally settled in.

Once things are in order, the furniture is in place and the moving boxes are in the trash chute, the dream home takes shape. Memories are created, moments are shared and homeownership takes a life of its own. Don’t try to conform to a list of what you think a dream home is about, make your own. And when you find it, let the local Salt Lake movers be part of that journey with you. We’ll help make moving day be as stress-free as possible!

On Thursday September 13th, your Salt Lake City movers here had a great time providing pro bono moving services for the very worthwhile “Day of Caring,” an annual event put on by United Way. Our Salt Lake City local movers helped to transport donated school supplies for some very deserving young students. Thanks to the help of our movers, United Way successfully delivered five thousand backpacks stocked with school supplies. There were over 3,800 volunteers working on more than 115 service projects for various community groups and schools on September 13th; considering how much of a success our portion of the “Day of Caring” events went, your professional movers here are confident that the occasion made a huge positive impact on more than just the student population of Salt Lake! We cannot wait to get in on the action next year!

According to real estate search engine Trulia, if you have good credit, itemize deductions on your tax return and plan to stay in your home for at least seven years, buying a home is cheaper than renting in all 100 of the largest U.S. metro areas, including New York and San Francisco. The local Salt Lake City movers found out that nationwide buying is 45% cheaper than renting. The rents continue to rise and the mortgage rates are at a record low. So owning a home makes sense for people who can benefit from deducting their mortgage interest and property taxes from their income taxes. The Salt Lake City moving specialists found out that Trulia included all of the costs of homeownership including closing costs, maintenance and property taxes. They did the same for rental, including security deposit and even renters insurance. The study even cited some comparisons such as $1,149 a month to rent a place in Detroit versus $349 to buy. In Toledo, Ohio it was $1,222 to rent versus $476.

If the numbers are showing that it’s better to buy why are people still opting to rent? The All My Sons of Salt Lake City found out that a Rent.com survey showed 47% of people are still saving for a down payment, 22% are waiting for their credit scores to improve, 20% are waiting for job security and 11% are waiting for the market to stabilize.

According to the Census Bureau, around 16.7 million households move every year. The Salt Lake City movers can tell you that for us the summertime is very busy. It seems like the whole the world wants to move during the warm months. Many people also take time off from work because children are out of school and so there’s overall just more free time to take care of things. The summertime also is right after the school year is finished so children aren’t interrupted right in the middle of their academic responsibilities. Changing school is easier. If you are thinking of moving and would like to reduce the cost, moving between October and April might save you money and lower your moving budget in general. It could reduce by almost 25%. The All My Sons of Salt Lake City remind you to always get a few bids so that you can compare cost and services. Just remember to make sure to look at the value. What are you getting for that moving quote? Are moving boxes included? Are you getting insurance? Is the moving company you’re looking to hire licensed like All My Sons of Salt Lake City? What about the actual services? Are they quilt pad wrapping your personal belongings? Helping you set up once you’re in your new place? Are they packing your goods? Are they respectful of the schedule you’ll need to keep?

When you hire the Salt Lake City movers, you’re hiring local movers who are backed by four generations of moving experience and are part of the All My Sons Moving and Storage family of movers so you know you’re in good hands.

Due to the economy of the past several years, many people across the nation joined the self-employed because the unemployment rate was so high and some were asked to take salary cuts. For those that don’t answer to anyone, applying for a mortgage can be a little more elaborate and time consuming. This is especially true if you’re newly self-employed, the Orem movers remind you that you’ll want to wait two years to get self-employed tax returns filed so your income can be included in your loan application. Even with a good credit score and a few assets, you’ll still have to show your tax returns and possibly a quarterly profit-and-loss statements.

 The All My Sons of Orem remind you that the minimum credit score for a Federal Housing Administration resides in the 620 and 640 range. To get the very best mortgages for a conventional loan, you’ll need a score of 740 or higher. Your debt to income ratio should be at less than 41%, so you might have to pay a few bills before applying. As far as your income, you’ll have to be able to show that you’re making enough money to be able to repay your mortgage with regular monthly payments. So when you’re deducting your business expenses every year, make sure your income isn’t too low.

Once you’ve gotten your mortgage and are ready to move into your new home, call the Orem movers for professional moving services at a great moving quote. All My Sons of Orem have commercial move experience as well as long-distance moves so you’ll be in good hands.

There’s no doubt moving is stressful and when you throw in pets, children or long distances, the residential moves becomes even more overwhelming. However, if you enlist the right kind of moving team with people to support and help you through your residential move, you’ll be fine. By enlisting a team, the local Orem movers don’t mean just hiring professional movers like them. Of course, that’s part of the equation because reliable movers that are experienced go a really long way. The All My Sons of Orem movers mean think of all the people that can help in some way. Your team can include your children, young or older with their own families. So your kids can have their kids help out as well. Make it a family affair. You can enlist close friends that you’ve helped in the past, they will surely want to reciprocate the favor.

Neighbors are another source of support if you are friendly with them because of their proximity to your place. The local Orem moving specialists also remind that if you’re moving into a condo community, you can probably enlist the help of the condo association to find out about all the regulations that surround a residential move. There are probably specific hours you need to respect, a service elevator and more information they can provide you with. Colleagues can also help in their own way, helping you getting to work or taking on some of the workload because you’ll miss a day or two to move and get settled.

Make sure the moving company you enlist are experienced and have a good reputation like the All My Sons Moving and Storage network. Professional moving services and an affordable moving quote go a long way.

According to the National Association of Realtors latest report, the average price of a home has had the biggest hike in 6 years during the second quarter of 2012. The local Salt Lake City movers learned it home prices went up 7.3% from the same period last year to $181,500. That’s up from $169,100 fin 2011. There’s less inventory which can possibly have influenced the hike in prices. Inventory in the summer of 2007 had hit 4.04 million homes for sale, compared to 2.39 million at the end of June this year. The local Salt Lake City moving specialists learned that this hike is the largest one since 2006, but that it still 20.1% below the peak reached that same year. According to the NAR’s report,110 out of 147 markets increased year-over-year. In three markets, price stayed the same and in 34 of them, home prices actually dropped. Distressed homes made up 26% of the sales during the second quarter of 2012, which is down from 33% compared to 2011.

Are you in the market of buying a home? If you’re thinking of moving you should think of the Salt Lake City movers for your problem-free move. You can count on professional moving services and an affordable moving quote, even help with locating professional grade moving boxes and moving quotes. The All My Sons of Salt Lake City will quilt pad wrap your furniture and help you with every detail of your residential move, after all we are backed by four generations of reliable movers.

Sure many people are looking to sell their homes in this real estate market, but those with million dollar properties even more so. This because the capital-gains tax credit is expiring in January which will push people to pay more taxes on their profits. Right now, the local Salt Lake City movers, found out when someone sells their home (primary residence) and makes a profit for $250,000 or more, they pay 15% tax on that profit. For married couples, the $250,000 is extended to $500,000. When this tax credit will expire, they will have to pay 20%. Plus, in 2013, the local Salt Lake City moving specialists found out, individuals who make $200,000 in income or couples making $250,000 will have to pay an extra 3.8% healthcare tax on capital gains. Presidential nominee Mitt Romney said to extend these tax credits, and the House of Representatives voted to extend them for one year, even with opposition from President Obama. So, the final regulation has yet to come.

Homeowners in the high-end market are already more eager to sell, because not selling might mea hundreds of thousands of dollars paid in taxes. Reports are showing that average sales of homes priced one million and above are up 23% compared to last year. The All My Sons of Salt Lake City discovered that the average sales price in the million-dollar plus category is at $2,067,157 in May which has decreased 12% from last year during the same time. But average home prices in general have been increasing year over year by about 2%.

So are you in the market of selling a multi million dollar home?