UAR rolls out lease-option forms

The Utah Association of REALTORS® has approved three new member forms for use in lease-option transactions.

Download the forms


Register for the 2008 Convention

Sept. 16-19
Zermatt Resort and Spa
Midway, Utah
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Plan now to attend the UAR's biggest education and networking event of the year.


REALTOR® associations launch "Get the Facts" ad campaign

The Utah Association of REALTORS®, along with local REALTOR® boards throughout the state, has launched a major media campaign to tell home buyers how our housing market is different from the doom and gloom reported in the national media. The campaign consists of TV, radio, print, billboard and Internet advertising. Our tagline is "Get the facts from people who know. Call a REALTOR®, because nobody knows Utah real estate like a Utah REALTOR®."

Learn more at UtahHousingFacts.com


 

The REALTOR® license plate is now available

The first-ever license plate for Utah REALTORS® is now on sale at all offices of the Utah Department of Motor Vehicles.

Get your REALTOR® license plate


 

UAR moves headquarters to Sandy

The Utah Association of REALTORS® has moved its headquarters to a new five-story building in Sandy. Located at the corner of Towne Ridge Parkway (9670 South) and Monroe Street (200 West), the 105,000-square-foot building fronts Interstate 15 and is about 6 miles south of the UAR’s former location in Murray.

Because of the office change, the association is encouraging members to update their UAR contact information. In addition to the address change, the UAR has a new main phone number and fax number. The UAR’s toll-free number will remain the same.

Utah Association of REALTORS®
230 West Towne Ridge Parkway, Suite 500
Sandy, UT 84070
Local Phone: (801) 676-5200
Toll-Free: (800) 594-8933
Fax: (801) 676-5225

Directions to Utah Association of REALTORS®

   

 

HUD program provides big discount for qualified buyers

Know anyone who would like to buy a home for a 50 percent discount? It’s hard to believe, but the U.S. Department of Housing and Urban Development has a program that allows homes to be sold at a 50 percent discount — meaning a buyer could purchase a home listed for $100,000 for $50,000. The catch is that the buyer has to be a teacher, law enforcement officer, firefighter or emergency medical technician to qualify.

HUD’s program, called Good Neighbor Next Door, allows eligible buyers to receive the discount if they purchase a single-family HUD home in a designated revitalization area and live in it as their sole residence for three years. After that, they can sell the home and keep any profits. Qualified participants do not have to be first-time homeowners although they must not have owned any residential property for one year prior to making an offer on a Good Neighbor home.

As part of the three-year occupancy agreement, buyers must sign a mortgage note for the discount amount. Once the three years is up, HUD releases the “second” mortgage obligation. If buyers fail to meet the three-year agreement, HUD requires a prorated repayment of the mortgage amount — 1/36 of the discount — for each month short of the commitment.

Properties available for the Good Neighbor Next Door program are available on the Utah Web page of Michaelson, Connor, & Boul, a management company contracted by HUD. Any eligible properties will be listed on Fridays under the “Special Programs” section. No negotiations or offers for less than the list price are allowed for these properties, and buyers must use a HUD-registered real estate agent or broker. If more than one person places a bid, the buyer is selected at random. More information about how to become HUD-registered agent is available on HUD’s Web site.

 

 
   

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230 West Towne Ridge Parkway, Suite 500
Sandy, UT 84070
Local Phone: (801) 676-5200
Toll-Free: (800) 594-8933

REALTOR® is a registered membership mark which may be used only by real estate professionals who are
members of the NATIONAL ASSOCIATION OF REALTORS® and subscribe to its strict Code of Ethics.

© Utah Association of REALTORS®