Jason Botelho's (jbo26) Blog

Salt Lake like most part of the country is experience it's fair share of the slowing real estate market.  The winter months add to the slower market movements, but there is no question that the real estate industry is taking a hit right now.  Here are a few numbers as of January 8, 2008.  The SFR...

How many times have you heard the term "CDO's" or Collateralized Debt Obligations?  I think I've heard that term 6 times this week alone.  Amazing!  These are creative debt instruments that banks have come up with to make the whole lending arena easier and more fluid.  The down side is that these...

Salt Lake City, Utah:  Draper, a city just outside of Salt Lake is giving some great Christmas gifts by way of real estate.  I have a client on the lending side of my business looking at purchasing a home from a Lender on a Short Sale.  The home is in a location that is famous right now for mortg...

Interesting question.  There are some great debates over this issue with respect to our industry (REAL ESTATE).  There is probably little doubt that the Fed will lower the target for the Fed Funds by 1/4 percent (possibly by a 1/2%).  What does this mean for us in the real estate industry?  Hopef...

With approx. 23,000 homes to sell in Utah currently, Buyers are holding all most every card possible (Data from the MLS and estimated FSBO activity).  This is a great time to buy.  I was helping with a buyer currently that has decent income, but credit was the issue for him.  It is important to r...

I wanted to send this one out with a shout of Praise!  I have to say that I have seen my share of dishonest people in new construction.  At times it can be like the mechanic you can not trust!  What do you do?  Well I have to share a tale of a great Contractor here in Utah called: Columbus Homes....

The asking price you set for your home significantly affects whether you will profit in the sale, how much you will profit and how long your home will sit on the market. Your real estate agent's knowledge of the overall market and what's selling - or not selling - will be invaluable in helping yo...

Buyers you are in luck!  This is the time to be buying a home.  Buyers are able to get the greatest bang for their buck right now!  Bank-owned property is at an all-time high, sellers are having their properties sit on the market for months and months (some even a couple of years!)  Act now.  Cli...

Tomorrow is the Thanksgiving Season celebrated around the country.  What a wonderful occasion.  This is the time to give Thanks.  I can think of no better gift than the gift of thanksgiving.  We as agents should always remember to give thanks.  To those of you who do not subscribe to the "Secret"...

As a real estate professional (For more on my background click here), I am always interested in giving good information to my clients.  I have found over the years that many are confused with the terms: "List" and "Sale".  I would like to give an explanation to these two terms here.  Let's start ...