Fall for Your Fridge First

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Today we want to show you how to safely remove an old refrigerator from the third floor of your investment property.

It is absolutely crucial that your mannequin friend tests the fall first.

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Find a friend to test the landing.

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If you don’t plan on getting new windows, you can probably open one before you throw your friend out and achieve a similar effect.

Then, you are good to deposit the fridge.

Watch the video above for a complete demonstration.

Although our mannequin didn’t quite make it, he did at least break the fridge’s fall.

If you have any other questions about renovating an investment property or real estate in general, just give us a call or send us an email. We would be happy to help you!

What in the World Happened to This Home?

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It’s always important to thoroughly examine a home. Of course, the inspector will let you know if there are any underlying issues with the property, but it doesn’t hurt to pay attention to the details during a showing.

Check out our short video to see what not to do when looking at a home. For starters, let’s take a look at the bathroom. Although bathrooms are a major selling point for buyers, it’s a little unconventional to actually use the restroom during a showing.

Secondly, home warranties also play an important role in homeownership.

Damage happens. But sometimes, we aren’t exactly sure how. Sometimes we come across a home that leaves us wondering: “What happened here?”

What do people do in their houses to cause such significant, and strange, damage?

For instance: How can a wall have not one, but two holes big enough for us to fit our heads through to the other side? As you’ll see in the short video above, a bowling ball may have been the culprit.

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Be careful in there.

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Usually, damage to drywall isn’t quite this bad. It also isn’t typically caused by a bowling ball. But, regardless of how damage happens, it is always a possibility.

Damaged drywall or broken appliances can be a pain if you’re stuck without coverage. This is exactly why you should ask yourself, “Is a home warranty worth it?”

Personally, we think it probably is.

Whether you are looking for a turnkey property or more of a fixer-upper (or you’re interested in a bathroom remodel project), give us a call or send us an email. We would be happy to help you!

What Was the Fed's Recent Decision on the Benchmark Rate?

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Buying a Wasatch Front home? Click here for full MLS access

Many of you may have already heard about the Fed’s recent quarterly meeting where they decided not to raise the benchmark rate.

There is always a little bit of confusion about the difference between interest rates and the benchmark rate, so I want to clear that up. These two rates are not the same thing.

The benchmark rate is basically the rate at which banks can borrow money. This means the affordability for banks borrowing money is still very, very low, and it also indicates that interest rates are likely to stay the same for now, as well.

Many officials on the Fed board have said that they plan to do a third raise on the benchmark rate in the future, but this likely won’t be relevant until December.

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These two rates are not the same thing.

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As for now, we’re still seeing historic lows for interest rates. In fact, it’s likely that we’ll never see rates these low again. As a consumer, you should definitely take advantage of this.

If you’re ready to make a real estate transaction, my team and I would love to help. We can give you some great referrals.

If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.