Shannon Gardner - St. George, UT Real Estate

Labor Day marks the day in 1894 when Congress declared the first Monday in September a national holiday to honor the nation's workers and their contributions to the well-being of the country.
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Property is considered a capital asset and Capital Gains Tax is levied on the gains arising from the sale of property. Such gains are calculated after adjusting the inflation rate, transfer and renovation charges.
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Many buyers and sellers throw around the term “REALTOR” and assume it’s the same thing as an agent. While a REALTOR is a real estate agent, they are also much more than that. They have the proven training and education that distinguishes them from beginner agents. That’s not to say beginner agents aren’t ideal representatives for buyers and sellers. It simply means REALTORS are the preferred choice by many of these individuals because the title of REALTOR indicates a deeper level of training, experience, and resources they can offer their clients.
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Normally, best budgeting of housing involves a variety of open-ended costs that includes the owner’s insurance, property tax, repair expenses, maintenance cost in case of buying the property and renting involves a different set of expenses like the Basic Rent, Miscellaneous expenses etc. The expenses differ based on the idea of choosing rental or your own property. You need to be firm with your budget for home and do not go beyond your limit of affording to the property.
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This is just a way of saying foreclosed homes now owned by banks and other lending institutions.

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Thanks to the Love’s for allowing us to help you find your perfect home!
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Simplify the home buying process with these 4 tactics.
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This refers to how much it would cost to enhance one or more aspects of a home for sale. In some cases, buyers will purchase homes knowing they’ll have to conduct repairs and improvements to certain elements of their new residence. Other times, they’ll request sellers take care of any issues before they finalize purchases for their properties.

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Don't feel pressured to make an offer on a home right away. Take your time to think about it and consider all of your options.
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Not only do mortgage lenders expect to be paid with interest based on loans they give to borrowers, but they also have a partial ownership stake in borrowers’ residences until they pay off their loans completely. Once a loan is paid off, lenders will release borrowers from their contractual obligations with them via a reconveyance deed. This may worry some borrowers, knowing their bank owns a piece of their property, but you can reassure your home buyer clients this is simply how lending transactions work.
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Take your time to find the right home. It may take longer than you expect, but it's worth it to find a home that meets your needs and fits your budget.
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A quit-claim deed is a deed that changes hands, from one person to another, but there is no money involved. The residence in question hasn’t been sold. Rather, the owner simply decides to transfer the deed to the second party. These deeds come into play most frequently when someone decides to give their residence to someone else in their family at no cost.
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Don't be afraid to ask questions during the home buying process. Your real estate agent and mortgage lender are there to help you understand the process and make informed decisions.
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Pioneer Day is an official holiday celebrated on July 24 in the American state of Utah, originally settled by Mormon pioneers.
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These two terms may seem like they refer to the same action potential borrowers take before securing a mortgage, but they are slightly different. In order to be pre-approved for a home loan, a future buyer needs to be pre-qualified. Pre-qualification occurs when a lender determines a borrower has all of their finances in order and is a worthy person to receive a mortgage. Pre-approval occurs after this period and is a written statement from a lender — the same one. who pre-qualified a borrower or a different one — that says they’re willing to lend that person money for their home purchase.
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1. Start saving for your home early
2. Consider maintenance and surprise expenses
3. Create and stick to a budget
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Some sellers prefer to keep news of their home for sale quiet and, in turn, avoid listing their property on their local MLS. In this case, their residence is a pocket listing — hidden away from buyers. Seller’s agents can still attract attention to these kinds of listings by leveraging their networks, but many industry pros advise clients against going this avenue with their homes for sale.
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A home inspection will give you an idea of the condition of the property and what potential repairs may be needed.
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It may sound strange — even a bit backward — for a home seller to offer to finance a buyer’s purchase of their property, but this type of owner financing is actually not as rare as you may believe it to be. This typically only occurs when a seller is fiscally well-off enough to provide a loan to a buyer. Why would a buyer rather get a loan from a seller than a bank, you ask? Well, not every buyer has the financial standing to get mortgages from proper lenders. So, in these situations, they can try to find listings on the market for which the owner is willing to offer assistance — with interest attached, of course.
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"Then join hand in hand,
Brave Americans all!
By uniting we stand,
By dividing we fall."
-John Dickinson
Happy 4th of July!

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Though it doesn’t signify the deal is done, mutual acceptance gives agents a reason to smile, as they’re that much closer to finalizing a transaction. This takes place when both a buyer and seller agree to the rough terms and conditions associated with a home sale. Nothing is guaranteed at this point in time, but it’s a clear indication you and your agent counterpart need to work with one another (and as quickly as possible) to get all of the paperwork in order so you can get to closing day — and that much closer to your hard-earned commission.
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Agents need data – and lots of it — regarding listings on the market to sell them. Buyers want to know everything there is to know about a home for sale before they make offers. Multiple Listing Services — of which there are roughly 900 in the U.S. — compile this data when a home goes on the market and make that information available to all agents in their given area. There are MLSs for just about every local housing market across the country, with a few exceptions.
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Thanks to our past clients, the Knight's, for allowing us to help them sell this beautiful home that we sold to them back in 2013. We love our repeat clients!
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This recently updated home boasts 4 bedrooms, including a bunk room, all with en suite baths. The open floor plan allows natural light to flood in and offers beautiful views to the east toward the Hurricane Cliffs. These stunning vistas can also be enjoyed from the rooftop deck, which features a hot tub.
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Welcome to Coral Ridge Townhomes! This lightly used vacation rental is conveniently located not far from Zion National Park, Snow Canyon State Park, Sand Hollow State Park & Recreation Area, as well as several public golf courses, including Coral Canyon Golf Course right next door. This neighborhood offers two beautiful pools & hot tubs, a playground and a clubhouse with an exercise room & community gathering area. The primary bedroom is located on the main level, with three large bedrooms upstairs, including an additional primary suite.
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Let’s say a prospective borrower gets pre-qualified and -approved by a lender and interest rates at the time are low. They’re ready to secure a loan from the lending institution, but realize it takes time to obtain a mortgage. Therefore, they’ll ask their lender if they can lock in at that low rate so they don’t risk taking on a mortgage with a higher rate upon closing. This rate lock to potential borrowers allows them to capitalize on the low rates and, in all likelihood, pay lower points (fees to the lender) when signing for their loan.
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It's one of the world's most important jobs!
Happy Father's day to all the dads and father figures out there! You make our world go 'round!
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Don't forget about property taxes – these can vary significantly depending on the location of the property and can have a big impact on your budget.
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"SOLD! Pricing is key in this market! When you price it right, it sells quickly! This townhome was under contract within two short weeks of being listed, and we have already closed."
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If you’re wondering how to buy a house in another state — possibly a vacation property — it’s important to get organized and set reasonable expectations about the process.
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