One of the biggest mistakes people make in planning for their financial future, is the poor choice in professionals. We have been doing work with Richard Janke for along time. And he is highly recommended from many of our clients..
Jake Breen..
As a homeowner, your biggest financial investment is most likely your home and your mortgage payments are typically the largest monthly expense. With a well planned insurance program, you can ensure that your family home is paid for if you die. Your family can keep their home as an asset, not as a debt. A mortgage-free home helps your family stay secure and happy.Feel free to call me if you would like to discuss how a well-planned insurance and financial plan is beneficial to you and your family.
Rich Janke
Investment Advisor
801-706-5299
1. A house….. Time to buy a home is now. Why? Housing prices finally seem to be bottoming out in most regions. There are also some great buys available due to short sales and foreclosures, which accounted for 40%-45% of purchases in February, according to the National Association of Realtors. Falling interest rates (under 5% for a 30-year mortgage) and government incentives ($8,000 first-time home buyer’s credit) aren’t bad either.
2. Buy a Car, with all of the crazy incentives right now you will be upset that you didn’t
3.Go on Vacation. Flights are cheap, Hotels are offering insane deals. We stayed in the Wynn casion the Encore, for $75 a night a couple weekends ago..
4. Toys, deals, deals and deals
5. High-dividend stocks the stock market is down 40%. So if you are risky go for it..
6.Diamonds, they are down significantly they will go up.
7.Woman’s clothing, again deals deals and deals
8. A television, hello flat panels are going for half the cost now
9. Lap top, they are down 20% use one..
10. Furniture.. Deals people do I need to repeat myself.
I found this article great, considering I found in in Forbes magazine.
Any thoughts
Spencer Janke
General Growth Properties, the nation’s second-largest shopping mall owner, filed for Chapter 11 bankruptcy Thursday. This is dissapointing to many residents in the Holladay area. All of us have been watching the once iconic mall be transformed into the empty barren lot is today. With huge plans for it to become the new Gateway of Salt Lake City UTAH. It is not looking ver promising for Utah Residents.
When I was a kid attending Cottonwood High School, I used to go to the old Cottonwood Mall for lunch. When a couple associates of mine started negotiations to become the sales agents of the project. I became very interested in their plans. With the economy in the state of unknown, it is anyone’s guess what will become of the old Cottonwood Mall. I am assuming this will open up the opportunity to other local investors to see if they can bite off the project. If not most likely we will be driving by an empty lot for a very long time.
FYI, for those of you who don’t know, General Growth Partners. Are also the owners of Fashion Place Mall, just in case you were wondering why they have not finished the remodeling of that mall either. I am willing to bet it takes them a long time to figure out this mess in UTAH..
Wow.. another great deal for today. Everyone who is looking for a great buy, today is it. This house is in the heart of Holladay UTAH. This is one of the nicest neighborhoods in the Salt Lake Valley. Address 2844 E. 4430 S. Holladay UTAH. List Price $245,000, 4 beds 3 bths, 2 car garage, 3200 Sq. Ft. you will not find a house this size for this price, located in an area equivalent to this. For those of you who are looking, time is of the essence with this property as well. It will sell quickly. This is an approved price, no waiting like a short sale. Call me as quickly as possible, we are starting to see some great deals pop up. Remember in today’s market everyone is looking for that real estate deal. So they go quickly when they come up…
Spencer Janke 801-671-7877 spencer@utahcribs.com
If you are looking for a house on the East bench in Salt Lake City, UTAH. This is the house you need to buy. This property is on about 2800 S. and 1800 E. This property is not on the market, meaning it is not listed. I have sold comps on the street from $250,000 – $280,000. This will go fast, there is no negotiation on the price, you can buy the home for $188,000.
1600 Sq. Ft., 2 car garage built in 1999, .14 acre lot, home was built in 1950
I know a lot of you are looking for a deal, well this is it. East bench, Salt Lake City.. This is a real estate deal you can’t pass up. To buy a property in this location for under $200,000 is hard to come by. So if you are not interested pass this on to your friends and family. Because it is such a good deal, time is of the essence so call me if you are interested.
Thanks, Spencer Janke 801-671-7877 spencer@utahcribs.com
These homes are all approved short sales, meaning they are ready to go and the bank has approved the prices! The longest part of the short sale process is getting the banks to actually approve a price. These deals tend to go quickly once they are approved. If you are looking for a real estate deal in the Salt Lake City area, you should be looking at something like the list below. All to often people get hung up on the deal hunt, and they waste a lot of time making offers on properties which have really low list price. There is a big difference from list price and the approved price from the bank all to often. So be careful to not waste your time an energy looking at places that are not approved.Please contact us if you have any questions regarding the short sale process, or any real estate related question, or the local Salt Lake City market. Good luck on the Hunt…
Spencer Janke, Brad Miles
We continuously receive many inquiries into the East Side of Salt Lake City UTAH for the Sugarhouse area. This is a Sugarhouse home that everyone should look at. Location, Location, Location.. You can not get a better address than this. 9th South, and 9th East. In the heart of SugarHouse Utah.Okay everyone this home’s price has been lowered significantly from last year. We have actually showed it to two different clients when it was listed at $249,000 in the summer of ’08 and last fall. It does need work, but with the new price reduction down to $198,400, the value can be there. It sold in 2007 for $245K, and is now bank owned. Let me know what you think about it. Give us a call if you have any question.
Spencer Janke spencer@utahcribs.com 801-671-7877
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| List Price: $198,400 |
MLS# 833977 |
Stat: Active |
Ref # 1 |
| Address: 1012 E 900 S |
Type: Single Family |
Style: Bungalo/Cottage |
| City: Salt Lake City, UT 84105 |
Project: |
| Prop. Tour: Tour |
NS/EW: 900 S / 1012 E |
|
|
 |
Tot Sq Ft: 1942
Tot Beds: 3
Tot Baths: 2.00
Family Rms: 1
Fireplace: 1
Gar|Port: 1 | 0 |
Yr Built: 1919
Taxes: $1,597
Acres: 0.08
HOA Fee: $0
Under Cnst: No
Fin Bsmnt: 60% |
| Exterior: Brick |
| Lot Facts: Curb & Gutter, Paved Road, Sidewalks, Terrain,Flat |
| Features & Info: Patio Covered / Hardwood Floors, Range Oven Free Std. |
| Inclusions: |
| Remarks: GREAT HOME/GREAT LOC. AT 9TH & 9TH Clse to the U of U &dwntwn. Home shows well inside w/recent upgrades Lrg cvrd front porch w/lots of orginal wood trim Bank owned sold “As Is” Min $1000 Ernst Mon. **INSTAMORTGAGE FINANCING IS AVAILABLE** |

Information deemed reliable but not guaranteed. Buyer to verify all information. |
Housing is bottoming


These two charts make the case that the housing market has seen the worst of its decline, which started over three years ago. The first chart is Bloomberg’s index of the stocks of major home builders, and today it is about at the same level it was at in mid-October. Despite all the terrible housing news, these stocks have not declined further in value on balance over the past six months—a good sign that all the bad news has been priced in. The second chart shows the yield on 10-year Treasuries compared to the yield on FNMA current coupon conventional mortgages (homeowners pay a rate about 50-100 bps higher than that). What we see is the MBS spreads are back to “normal” levels while mortgage rates are at generational lows. Indeed, since the MBS market was first created in the 1970s, rates have never been so low. Add to that the fact that home prices are significantly below their highs in both nominal and especially in real terms, and you have a tremendous surge in housing affordability. No wonder sales activity is picking up dramatically in all the markets that have been the most distressed.
If you have been thinking of buying a home, don’t delay much longer.
This came from a great blog that I follow, you all should check it out.. Scott knows what he is talking about.
http://scottgrannis.blogspot.com/

The photo below captures a disturbing trend that is beginning to affect US wildlife.
Animals that were formerly self-sufficient are now showing signs of belonging to the Democratic Party… as they have apparently learned to just sit and wait for the government to step in and provide for their care and sustenance.
This photo is of a Democrat black bear in Montana nicknamed, Bearack Obearma.
I don’t know how many of you have seen the mess of the City Center Las Vegas? I was down in Vegas last weekend for a Real Estate Conference. That place is amazing. Huge, metal, construction, not finished, WOW! What is going to happen to the infamous City Center, once proclaimed the remake of Las Vegas?
In March, Dubai World, the development arm of the United Arab Emirates, sued MGM Mirage, claiming mismanagement and wanting out of further financial commitment.MGM Mirage was forced to inject an emergency $200 million to keep construction going.
Will they be able to pull out of this mess? If they are able to complete the project, it would be a huge win for the once booming desert town of Vegas.. Let us all hope that they do. I think it would be a huge symbol of hope if they can pull out of the economic nightmare they find themselves in. Just a little FYI, MGM Mirage needs to come up with another $800 million in order to access a financial credit line of $1.8 billion to complete the project! Anyone know any investors? :)
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