Utah Discount Real Estate Agent Blog - July, 2023

What Is a Quit Claim Deed? Understand How It Works In Utah

Quit claim deeds in Utah are typically used to transfer property rights from one individual to another quickly and cheaply.  These ownership transfers are usually between family members or couples going through a divorce. 

Utah real estate transactions can be complex, especially when understanding the different types of deeds involved. One such document, a quit claim deed, offers a unique way of transferring property without guarantees. Gaining a solid understanding of quit claim deeds and their uses can help you confidently navigate these transactions.

Short Summary

• A quitclaim deed is a contract that transfers Utah property ownership without providing any title guarantee.
• It can be an efficient tool for…

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What Is a Due-on-Sale Clause? – Utah Realtor Guide

Behold the Boogeyman of real estate - the dreaded due-on-sale clause! Banks can summon the mortgage monster if the property deed dares to change hands. But fear not, for this mythical creature seldom sees the light of day! It's like catching a glimpse of a unicorn at the local grocery store - incredibly rare and almost fantastical!

Imagine you’re selling your Utah home, and the buyer wants to assume your mortgage (subject-to) instead of obtaining new financing. While this may seem like a convenient solution, there’s a catch: your mortgage has a due-on-sale clause. This common provision in mortgage contracts can have significant consequences for the seller and buyer. In this blog post, we’ll explore the ins and outs of due-on-sale clauses, their…

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10778 S Lees Dream Dr, South Jordan, UT Buyer Rebate Agent

Utah Home Buyer Commission Rebates

Kip saved money by hiring a top-producing commission rebate real estate agent to help purchase a South Jordan house. Our half-price home buyer rebate (refund) helps clients save money when purchasing a home. 

That's right, you get CASH BACK when you hire discount agent Aaron Peters as your buyer's agent.

The buyer saved $4,875 with our rebate.  

No property pictures are provided because I represented the home buyer, and the South Jordan house photos are the property of the listing agent and the local multiple listing service (MLS).

10778 S Lee's Dream Dr, South Jordan, Utah 84095

List Date: 03/19/2009
Sold Date: 12/16/2011
List Price: $349,900
Utah is a non-disclosure state, which means listing…

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Understanding Property Taxes in Utah – 2023

If you're struggling to understand property taxes in Utah, you're not alone. This guide will help you learn when and how property taxes are paid and which counties in Utah have the highest and lowest property tax rates. Keep reading to get a clearer picture.

Ever been perplexed by the labyrinth of property taxes in Utah? You’re not alone! Traversing the complexities of property taxes can feel like navigating a maze without a map. But fret not, dear reader. This comprehensive guide is here to illuminate your path, unraveling the intricacies of Utah property taxes. Whether you’re a seasoned homeowner or a first-time buyer, this detailed exploration will equip you with the knowledge you need to make informed decisions and potentially save…

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A Guide to Utah Rental Property Depreciation in 2023

Most newbie Utah real estate investors only focus on the cap rate and rental income, not realizing one of the most significant benefits of owning rental properties is the depreciation. Read on to learn what depreciation is, if you can depreciate land, and how to use depreciation to lower your tax liability. 

Owning a Utah rental property comes with many responsibilities, but it also provides numerous tax benefits. One of these benefits is property depreciation, a tax deduction that can save you thousands of dollars each year. In this blog post, we will explore the ins and outs of property depreciation, from understanding the concept to eligibility requirements, calculating depreciation, and implementing strategies to maximize your tax benefits.

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Understand Capital Gains Tax in Utah for 2023

Capital gains taxes in Utah are scary, but they don't have to be.  As a full-time discount real estate agent, I've outlined the most common questions I hear from sellers regarding taxes on their real estate gains.

Understanding and managing capital gains tax in Utah can be daunting, even for experienced investors. Capital gains taxes can significantly impact your financial health, so it's essential to comprehend how they work and how to minimize your tax liability. In this blog post, we'll walk you through the intricacies of capital gains tax in Utah for 2023, discuss tax rates and exemptions, and share strategies to reduce your tax burden. Let's dive in!

Short Summary

• Understand the difference between short-term and…

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Understanding Water Rights in Utah – Realtor Guide

As a full-time discount realtor, I know how important it is to understand Utah water rights when buying real estate in a desert. Read on to learn what water rights are, who oversees water usage, if water rights are transferable, and the difference between water rights and water shares.

Water rights are crucial in dry regions like Utah, and recent changes in state laws have sparked renewed interest in understanding water rights in Utah. This post will dive deep into Utah water's nuances, key players in its administration, various types of water rights, and the impacts on natural systems. We will also explore recent changes in legislation and their implications for water rights holders in Utah, as well as important metrics for measuring water…

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