Jay Mirrafie, CCIM, Real Estate Guru

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09/24/2020

PROTECT YOUR HOME AND INVESTMENT PROPERTY WITH THESE
6 ESSENTIAL FALL MAINTENANCE TASKS

• Caulk around exterior doors and window frames for a tight seal. Look for gaps where pipes or wiring enter the home and caulk those as well to protect from water, insects and mice.
• Check the roof for missing or damaged shingles. Water, wind, ice and snow can cause serious damage to a vulnerable roof, leading to a greater chance of further damage inside the home. Always have a qualified professional inspect and repair the roof, but binoculars can be used to do a preliminary survey from the ground.
• Clear gutters of leaves, sticks, and other debris. If the home gets heavy leaf fall, this may need to be done more than once during the season. If the gutters can accommodate them, leaf guards can be real time-savers and prevent clogging. Make sure downspouts direct water away from the house.
• In cold-weather climates, drain garden hoses and store indoors to protect them from the harsh winter elements. Shut off outdoor faucets and make sure exterior pipes are drained of water.
• Have the furnace inspected to ensure that it’s safe and in good working order. Most utility companies will provide basic, no-cost furnace inspections to their customers. Replace disposable furnace air filters or clean the permanent type according to the manufacturer’s instructions.
• A wood-burning fireplace can be a real pleasure on a chilly fall evening. For safety, have the firebox and chimney professionally cleaned before use this season.

Jay Mirrafie, GRI, CCIM
801-558-8900
[email protected]
RP Commercial Real Estate
Realtypath-Preferred

08/22/2019

8 Great High-Tech Tools for Home Security
08/21/2019 Alena Savchenko


Here’s a rundown of high-tech devices, tools and apps that can help secure your home:

1. Smart Locks
With smart locks, you’ll skip hiding the front-door key under a rock for a pet sitter, a contractor or grandma. Instead, a shareable digital “key” can be created and deleted by the homeowner — and even provided to others — using an app. Smart lock extras include touch-to-open technology, remote locking, door-ajar notifications, voice control and even visitor logs.

Review smart lock options with Consumer Reports, which includes household names such as Kwikset, along with newer players, such as August Smart Lock, which works with Alexa, Siri and Google Assistant. The smart lock industry is rapidly changing, and new locks debuting this year will contain energy-efficient Wifi chips.

2. Smart Garage Door Openers
While remote openers have long been on the market, the newest generation offers benefits such as a single smartphone app to control multiple garages, LED lighting, compatibility with voice-activated Alexa and Siri, multiple users and user tracking, geofencing (which detects when your phone enters or leaves a virtual geographic zone) and notifications upon opening.

Many garage door openers work with smart home systems and can trigger the lights to come on inside your home as you park. Other Bluetooth-enabled gadgets can open the door for you as you approach. Reviews of smart door openers are available at Tom’s Guide.

3. Smart Lights
Burglars look for empty homes to raid when owners are at work or on vacation. Smart lights can operate on a preset schedule, mimicking your daily patterns, or get turned on and off remotely, via an app on your phone. Outdoor lighting helps increase exterior security. Smart lights can be integrated into a security system, or purchased separately either online or at your local home supply shop. Read reviews and decide which bulbs will brighten your day.

Additionally, smart home blinds and shades can lift and lower according to your command, and reinforce the perception that someone is active inside the home. Read reviews and consider the options — even IKEA will offer blinds.

4. Smart Mail
Mail theft is a growing concern. Home mailboxes can be outfitted with battery-powered wireless devices that detect motion when mail is delivered, then send an alert via in-app notification, email or text. As well, some apps such as MailHaven can be integrated with Amazon Alexa to deliver real-time updates about packages en route.

One brand new product, Parcel Guard, is a large, advanced mailbox and contains a motion-activated camera, motion sensor and alarm to keep your deliveries safer.

5. Security Cameras
Smart cameras, like Blink or Arlo, can detect motion inside and outside of the house, and record up to a week’s worth of video surveillance via a camera that can be mounted on the wall or nestled on a bookshelf or other flat surface. Additional security features include loud noise and motion-activated recording, zoom tracking, infrared night vision and two-way talk capabilities.

Special extras sometimes come with an additional price tag. For example, Nest Aware’s monthly plan provides alerts when dogs are barking or familiar faces appear, and offers special zones for attention (such as a baby’s room), as well as 24/7 recording. Compare camera prices and features at PCMag, and review functions and data privacy with Consumer Reports.

6. Smart Device/Speaker
Yes, the devices you already own can even listen in and alert you to potential problems. For example, Echo’s new “Alexa Guard” feature sends a smartphone notification if she detects a loud noise such as breaking window glass; Echo’s speaker could even be used to startle intruders or talk to others visiting your home. Alexa Guard also allows you to turn on and off lights, to mimic being at home.

The Alexa “Calling” and “Drop-In” features can let you listen in on a room using the Echo, and the Echo Show can display a room.

7. Video Doorbells
Who’s at the door? Worry no more. Smart doorbells integrate features such as live-stream video through a tiny, wide-angle camera, alerts via a smartphone app and conversation capabilities with delivery personnel and visitors. Nest Hello partners with insurance companies in some parts of the country, while Ring Video Doorbell works with American Family Insurance.

Advanced cameras can recognize faces, announce visitors, detect motion, shine spotlights, record your greetings and share videos. Some, such as Altro Smartlock, are both smart locks and video doorbells, and as systems (such as Ring) are acquired by larger companies, expect more integration.

8. Self-Monitored Security
While you can boost home safety using the tools listed above (a video doorbell, cameras on ground-floor windows, motion detectors and smart lights), sometimes it’s easier and cheaper to buy a packaged DIY security system.

Self-monitored, wireless security systems can typically be installed by the homeowner and used with a mobile application. They typically include a motion sensor, keypad, windows and/or door locks, and a hub that connects all of the devices.

With self-monitored security, rest assured there won’t be any false alarms that bring the fire department, expensive contracts or time-consuming installs. Of course, there are drawbacks to such freedom. You would not be able to count on any automatic calls or external notifications, which could then leave you in lack of backup security and support. Most systems can have professional monitoring added on for a monthly fee. Read more about security systems at Consumer Reports and compare top options like Ring Alarm, Vivint Smart Home and Simplisafe at PCMag.com.

Keep Your Tech Tools Safe
While gadgets are getting smarter every day, so are burglars, identity thieves and others who want access to your home, its contents or your identity. Review safety tips for smart devices, along with ways to boost your router and hub security.

Be sure to guard your email against phishing scams, which use fake links intended to steal your passwords, account numbers, and other personal information.

Phishing can also be used to attack your home’s tech tools with ransomware, as demonstrated by security researchers Andrew Tierney and Ken Munro in 2016 at the Def Con hacker convention in Las Vegas, NV. The two researchers were able to hack into a smart thermostat and download ransomware that gave them complete access to the controls of the device, locking the user out. This sort of hacking can allow a thief to demand a ransom for the user to regain control of the gadget. Such a demonstration shows just how important it is to be wary of any attachments you may receive, even from friends or other seemingly familiar sources. The smartest rule to follow, as suggested by the Federal Trade Commission (FTC): don’t open email attachments, such as PDFs, unless they’ve been previously approved or you’ve been expecting them.

SALT LAKE AREA MULTIFAMILY MARKETSEMI-ANNUAL GREATER SALT LAKE AREA MULTIFAMILY MARKET REPORT, HIGHLIGHTING RECORD-SETTI...
04/18/2019

SALT LAKE AREA MULTIFAMILY MARKET

SEMI-ANNUAL GREATER SALT LAKE AREA MULTIFAMILY MARKET REPORT, HIGHLIGHTING RECORD-SETTING YEAR OF $1.44 BILLION IN SALES.

** The Salt Lake City office of CBRE has released its semi-annual Greater Salt Lake Area Multifamily Market Report, offering detailed insight into the multifamily market along the Wasatch Front. Encompassing data through year-end 2018 and 2019 trends, the report reflects a market that is robust with record sales volume, strong year-over-year rent growth, healthy absorption, and low vacancy. Multifamily investment product continues to outperform all other commercial investments in total sales volume, rent growth, and new development, as manifested by this year’s record-setting sales volume of $1.44 billion.
“Salt Lake’s multifamily market has matured from a privately-traded market to a broad-based investment source, sending a message of scalability to institutional and large private equity firms across the nation,”

Report Highlights

In-migration for employment remains the top driver for multifamily demand, keeping overall vacancy low at 4 percent and showing no change year-over-year—Utah’s population grew by 52,664 in 2018.
Rent grew 5.9 percent to an overall average monthly rent of $1,122 across all property classes. The Salt Lake County suburban market experienced the greatest rent growth at 6.6%.
Many out-of-state developers are looking to participate in Salt Lake as it is a high-growth, secondary market that is largely untapped by outside developers. In 2018 new unit deliveries reached 7,467 and there is a healthy projection of 6,244 unit deliveries expected in 2019. The majority of new multifamily development is taking place in Salt Lake County, which houses approximately 64 percent of all active and planned construction.
Lease-up velocity holds strong at 19 units per month at year-end, up from 17 units at the close of 2017. Of all units delivered during the previous 12 months, over 68 percent have been leased; local demand is presently keeping up with supply.
This report has been prepared with current data sourced from a survey of over 60,000 units along the Wasatch Front. It highlights local market trends on rental, vacancy and cap rates; the status of the current construction pipeline; transaction volume; and more. Produced by multifamily investment specialists Patrick Bodnar and Eli Mills, the report contains the most current and comprehensive multifamily data available for the Wasatch Front.

04/18/2019

Salt Lake City's skyline is about to see some dramatic changes with the addition of several new skyscrapers. And some even higher than Salt Lake City's tallest building could be coming soon.

Happy Winter Solstice!
12/21/2017

Happy Winter Solstice!

12/02/2017

7 Pricing Myths You Need to Get Past If You Want to Sell Your Home:

4. ‘That’s not what my Zestimate says it’s worth!’
Have you ever noticed how homeowners are eager to believe Zestimates or other automated valuation models when that price exceeds their expectations? Yet, when the opposite happens, they assume it’s outdated or erroneous information? The point we’re making is, these numbers can be inaccurate, so again, trust your agent over the Internet.

11/28/2017

7 Pricing Myths You Need to Get Past If You Want to Sell Your Home:

#3- ‘We should price it so there’s room to negotiate!’
Let’s be honest: Most sellers would love to get top dollar for their homes. But overpricing it with the intention of being willing to accept a lower offer may just leave you empty handed in the long run. Plus, if you have to drop your ask multiple times, buyers may begin to wonder what’s wrong with the place — other than the price, that is.

7 Pricing Myths You Need to Get Past If You Want to Sell Your Home:2. ‘Getting an offer right away, means the agent pric...
11/17/2017

7 Pricing Myths You Need to Get Past If You Want to Sell Your Home:

2. ‘Getting an offer right away, means the agent priced it too low!’

When sellers receive an offer early in the process, as excited as they might be, many can’t help but wonder, “Should we have asked for more money? Did our agent price it too cheaply?” While it’s natural to be skeptical (and even a little greedy), receiving an offer on the early end of the spectrum most likely means your home was priced accurately and attractively. If you trust your agent, you know he or she didn’t pick a number out of the sky, but rather based it on extensive market research. So, be glad your sale is moving in the right direction.

11/16/2017

7 Pricing Myths You Need to Get Past If You Want to Sell Your Home:
1. ‘If we keep waiting, a better offer will come along!’

When sellers receive an offer from the first showing, they may be skeptical or hesitant to accept it, wondering if other prospective buyers would be inclined to pay more. Thoughts of potential bidding wars could cause sellers to want to wait and see who else falls for their place. But, remember the old adage, “A bird in the hand is worth two in the bush?” There’s no guarantee other would-be buyers are waiting around the corner. If the offer is a fair one, entertain it and count your blessings.

08/22/2017

When a homeowner decides to sell their house, they obviously want the best possible price for it with the least amount of hassles along the way. However, for the vast majority of sellers, the most important result is actually getting their homes sold. In order to accomplish all three goals, a sel

03/31/2016

2016's Fastest-Growing Cities:
Salt Lake City ranked #5.

Cities to Watch: 2016's Fastest-Growing Places

DAILY REAL ESTATE NEWS | MONDAY, MARCH 21, 2016
After being overthrown last year by Houston, Austin regains the number one spot as the fastest-growing city in the U.S., according to a new analysis by Forbes. Adding to its allure, Austin boasts booming technology, pharmaceutical and biotech industries as well as low-cost of living.

Read more: The 20 Hottest Housing Markets This Month
Forbes.com compiled its annual list of America’s Fastest-Growing Cities by ranking the 100 largest metro areas and their surrounding suburbs. For its rankings, they factor in population growth for 2015 and 2016, year-over-year job growth for 2015, the metro’s economic growth rate, unemployment, and median annual pay for college-educated workers in the area.

The following cities topped Forbes’ list as the fastest-growing populations and economies (included below with each city’s population growth for 2015 and projected growth rate for 2016):

1. Austin, Texas

2015 population growth rate: 3.15%
2016 projected growth rate: 1.56%
2. San Francisco, Calif.

2015 population growth rate: 1.24%
2016 projected growth rate: 0.77%
3. Dallas, Texas

2015 population growth rate: 2.16%
2016 projected growth rate: 1.58%
4. Seattle, Wash.

2015 population growth rate: 1.68%
2016 projected growth rate: 1.34%
5. Salt Lake City, Utah

2015 population growth rate: 1.05%
2016 projected growth rate: 1.40%
6. Ogden, Utah

2015 population growth rate: 1.64%
2016 projected growth rate: 1.37%
7. Orlando, Fla.

2015 population growth rate: 2.31%
2016 projected growth rate: 2.03%
8. San Jose, Calif.

2015 population growth rate: 1.27%
2016 projected growth rate: 0.93%
9. Raleigh, N.C.

2015 population growth rate: 2.28%
2016 projected growth rate: 1.44%
10. Cape Coral, Fla.

2015 population growth rate: 2.84%
2016 projected growth rate: 2.15%

Good news on Home Builders Confidence.
08/21/2012

Good news on Home Builders Confidence.

Confidence among U.S. homebuilders climbed in August to the highest level in more than five years, affirming the improvement in residential construction.

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