Lynn D'Avolio
Coldwell Banker Residential Brokerage | 801-597-2857 | lynn1@soldbylynn.com


Posted by Lynn D'Avolio on 6/22/2015

Lynn has been my realtor for some time. She is a hard worker and gets results. She is a pleasant person to be around and I found her extremely trustworthy. I highly recommend Lynn to anyone who has to do any rea estate trancaction. She gets the job done. Sincerely, Norma Mod Nos




Categories: testimonials  


Posted by Lynn D'Avolio on 1/27/2015

Buying a home is a big decision and it will most likely become one of your greatest investments. In order to help navigate through the process you will want to assemble the right team. Think of  a group of experienced professionals as your real estate buying team. Here is a list of some of the professionals that you might want to add to your team: Real Estate Agent The real estate agent will represent you and your interests. Always make sure to discuss your agency relationship with your agent so you fully understand the relationship. An experienced agent can help guide you through the process to a successful closing. Mortgage Advisor Unless you are paying cash you will need a loan to buy your home. Your mortgage broker or loan agent who will arrange financing. Your mortgage advisor will search for different loans that match your financial situation. Real Estate Attorney This is the only member of your buying team who can give you legal advice. You should hire an attorney that specializes in real estate to review any contracts. An attorney can usually solve any surprise legal problems before the closing. Home Inspector A home inspector's job is to go through your prospective home a complete physical. A home inspector is an objective third party who will produce a report detailing the condition of the structure and systems of the house. Putting the right team together is critical. If you need help assembling a team your real estate agent can provide you with a list of names or ask your friends and family for referrals.





Posted by Lynn D'Avolio on 10/21/2014

When it comes to mortgages there is a lot to know and a lot of choices. One loan that was popular before the housing crisis was the interest-only loan. An interest-only loan is an adjustable-rate loan with an initial fixed period when only interest is due. They are typically available in 5-, 7- or 10-year terms. Economists blame interest-only loans for the foreclosure crisis citing they were issued too freely. Today, interest-only loans are more difficult to obtain. Borrowers were using interest-only loans to qualify for a more expensive home and when the interest-only term ended the payment went up leaving many homeowners unable to afford the mortgage payment. Interest-only loans are now being used by wealthy borrowers as a financial tool to help them manage irregular cash flow, reap a tax benefit, or free up cash for investment elsewhere. Lenders that offer interest-only loans have strict qualifying standards. They generally require 30 percent equity in a property, and a minimum FICO score of 720. Lenders also look at the ability to pay back the loan is based on the fully amortized payment, not the interest-only payment.    





Posted by Lynn D'Avolio on 9/23/2014

Trying to buy and sell a home at the same time can be tough. Sometimes these buyers and sellers are referred to as being in a sandwich because they are in the middle. The reason this can be difficult is because there is no guarantee that your new home will close at the same time as your old home. Selling and buying a home at the same time is possible but you will need help. Here are a few tips on how to get into your home while closing on your own home: 1. Hire a real estate professional. This is almost an impossible task without having a seasoned professional by your side. There are lots of details that go into selling and buying and an experienced real estate professional will know just what to do to get you to both closing tables. 2. Sell first, and then buy. This is probably the easiest and safest plan. List your home for sale and secure a buyer. You can either close on your home before purchasing another one, or ask the buyer for a contingency to allow you time to find a new home before closing on the previous one. There are many advantages to selling first, it allows you to know how much you can spend on a new home, and you don’t have to worry about temporary financing. 3. Try to schedule the closing date on the purchase of your new home on the same day, but after the closing on the home you are selling. This way, you can stay in your present home until you move into your new one. Bottom line, when it comes to selling and buying a home use the expertise of your real estate professional. Your plans may change depending on your circumstances and your local market.





Posted by Lynn D'Avolio on 3/11/2014

Is it time to buy a home? According to a Gallup poll done on 1/17/2012, 67% of people polled say yes! According to Gallup, “Overall, there is good reason for most Americans to think now is a good time to buy a house. Interest rates remain near historic lows. Home prices are down sharply, providing many incredible buys.” According to the November 2001 National Housing Survey conducted by Fannie Mae, buyers cited their major reasons for buying a home. Here are the results:

  • 80% Having a good place to raise children and provide a good education
  • 79% Having a physical structure where you and your family feel safe
  • 75% It allows you to have more space for your family
  • 69% It gives you control over what you do with your living space 69
So despite what has been a negative sentiment towards the housing market, buyers and the general public still think that homeownership is the way to go.  




Categories: Real estate