Michael Gura - Utah Seniors Real Estate Specialist

01/16/2025

❓❓"What happens to my mom's house now that my dad passed away?"

This question was recently asked and in this case the answer is pretty straightforward. Both mom and dad held the Title to the house as Joint Tenants. That means when one spouse passes away the home automatically makes the surviving spouse the sole owner.

Of course it isn't always as simple as that. There is a tax consequence to consider when a spouse passes away, and you should always consult a tax consultant, CPA, or financial advisor in this instance. The government will consider you as a "single person" at two years to the day of the death of your spouse. If you're considering selling your house during those two years your tax exemption could be worth up to $500,000! 💵

Reach out if you have questions about what happens to property when a loved one passes away, or is moving to assisted living. Call or text at 801-231-4794

01/15/2025

Why was the median net worth of homeowners in 2024 about $400,000 while the median net worth of renters was about $10,400?

The answer is simply the equity built in your home.

Home prices have grown significantly, and homeowners who have been in their houses for years are seeing record levels of equity. That equity could help fund a dream move!

For Utah seniors it could mean moving into a more manageable home with less up-keep while having funds for your 80s and 90s.

Ready to see the value you have built and how you can use it to achieve your goals? Let's connect! 801-231-4794

01/13/2025

Why is it important to have a professional assist you when a parent dies and you are left handling the estate?

My client’s moved dad into assisted living and were referred to me because I specialize in Estate, trust, and probate sales.

All of the siblings live out of state and need someone who can maintain the vacant property and communicate while they go about their lives.

We’re under contract with a Buyer and the Buyer’s inspection found a leak coming from the above unit. That could be a big headache for the person who is handling the Estate.

I was able to contact the owners of the above unit to inform them that they have a leak. Then, work with a plumber to identify where the leak was originating. Then notify the owners of the unit about the leak so they can make necessary repairs. All while the family is in other States.

It’s hard enough to sell your property when you live in the same State. Imagine losing your parent and living out of State trying to manage all of these details.

All of this to say that everything has been handled and the executor for the Trust has been able to know that every issue has been, or is currently being resolved.

It pays to have a professional to manage the estate so family can either mourn their loved one, or have peace of mind while living far away and knowing every piece is being handled.

04/16/2024

New Listing
Located in Lehi, Utah this home has several features including space to park your RV!

🛏️ 5 beds
🛁 3 baths
🏡 2,500 sq ft

Listed at $575,000 with a hot tub and wonderful backyard to relax and entertain. Message me for more information or to schedule your private showing!
📲801-231-4794

https://www.sellingslchomes.com/homes-for-sale-details/1163-E-800-N-LEHI-UT-84043/1990919/257/

Photos and Property Details for 1163 E 800 N, LEHI, UT 84043. Get complete property information, maps, street view, schools, walk score and more. Request additional information, schedule a showing, save to your property organizer.

04/15/2024

👴Wanna live large in retirement?

🤏Then downsizing could be the answer.

Whether you’re looking for the convenience of a smaller space or to save some extra cash – it could be your ticket to maximizing your golden years.

Want to chat to see if it's the right move for you? Call or text at 801-231-4794

04/08/2024

👷‍♀️Got the itch to update your home?

You may be feeling that your home is a little cramped, and you wouldn't be alone! One if four people say they have outgrown their home.

🏠People renovate their home for all kinds of reasons. It could be an easy fix, like reconfiguring existing rooms or a much bigger project, such as building an accessory dwelling unit (ADU) or adding a second story.

A typical kitchen remodel could cost anywhere from $15,000 - $65,000. You'll not only have the enjoyment of an updated kitchen; you'll also add equity into your home with this type of renovation.

🧑‍🏫Pro Tip! Don't discount what freshening your paint will do for your home. It is the fastest and most inexpensive way to add value to your home.

📲Reach out if you have questions about which projects bring you the best bang for your buck 801-231-4794

04/05/2024

❓Were you aware that Utah beats the National percent of annual home appreciation?

📈Yup! It's true. Utah averages (and this is conservative) 5% home appreciation going back decades. Real Estate in Utah has always been a good investment.

🏆In the second graph you see how housing in Utah is proven to be a winner!

📲Reach out by text or call and I'm happy to discuss what is happening in our market! 801-231-4794

04/04/2024

In real estate, like in life, a good first impression is key. If the outside of a house looks welcoming, more people will want to come in and see it.

04/03/2024

🏠💵 It’s still a seller’s market, but it’s still important to price your house right.

👍A fair price attracts more interested buyers and increases the chances of multiple offers. Plus, properly priced homes sell faster.

🧐Pricing accurately requires market knowledge and expertise. That’s where your local real estate agent *ahem* comes in. I carefully consider market demand, neighborhood values, price trends, and your home's condition to determine the optimal price.

📲So, if you're ready to sell, let's ensure your home hits the market at the perfect price. DM me today. 801-231-4794

04/01/2024

💵Want to sell your house for top dollar?🏡🪴 Boosting curb appeal with small projects – without draining your wallet or time – can lead to big returns.

🌷And now that it’s spring, it's the perfect time to focus on the exterior of your house.

📱Let’s connect so I can help you prioritize the updates that’ll give you the best bang for your buck in our local market. 801-231-4794

03/30/2024

🏡 Open House today from 11am - 1pm

Many improvements to the community including an updated lobby. Improvements have already begun on this quiet 55+ condo. Come by and say hello!

https://www.sellingslchomes.com/homes-for-sale-details/1194-E-2700-S-20-SALT-LAKE-CITY-UT-84106/1902876/257/

Photos and Property Details for 1194 E 2700 S #20, SALT LAKE CITY, UT 84106. Get complete property information, maps, street view, schools, walk score and more. Request additional information, schedule a showing, save to your property organizer.

03/29/2024

As we close out Q1, what do you need to know about the housing market?

Currently, the supply of homes for sale is growing, prices are on the rise, and homes are selling fast. Wanna know what this means for your plans? Let's chat about what's
happening in our area.

📲 801-231-4794