Utah Real Estate Blog

Read What the Seller Has to Say...

"We built this home six years ago because it has an ideal location for enjoying gorgeous views of the Wasatch Mountains and Utah Valley along with Utah Lake. We gave the front yard a unique terraced look that we’ve been really happy with and of course, the automatic sprinkler system has made maintaining the yard very convenient.

Buying Utah short sales can be extremely complicated, take a lot of time, and, and sometimes be very frustrating to a buyer who may not completely understand how the process works. It’s well known that many buyers are attracted to short sales because of the price discounts that are associated with properties in distress. However, pursuing the wrong short sale property can result in a much bigger headache and more financial distress than the fantastic deals many expect.

Buying a foreclosure is a great way to purchase a property for a reasonable value. Essentially, there are three types of foreclosures in Utah you can buy. The first is pre-foreclosure: a property that is delinquent, but hasn't made it to the auction yet.  The second is an auction purchase. This is not recommended unless you are an experienced investor because there are a myriad of things buyers need to be aware of before they start bidding. The third type is a REO (real estate owned) foreclosure. This is where the property was auctioned off and no one bought it so the property ended up back with the lender. The lender then enlists an agent to sell the property

There are many perceptions about the process of buying a foreclosure and the associated advantages or risks.  While many stories in the media have accentuated these ideas, the reality is that many of them are just myths.  Listed below are some of the most common perceptions and explanations that may help you to understand better if a Utah foreclosure is something to consider looking into.

Utah County and Salt Lake County real estate is off to a fantastic start. Inventory is down, home prices are soaring, new construction is picking up and homes are selling very fast. Take a look at our review of the 1st quarter 2013 market statistics for Utah and Salt Lake Counties as compared to the 1st quarter of 2012. You can watch the short video overview or read below. 

Highland Utah real estate is off to a great start this year (2013). Home values are rising, more building is going on and with Adobe and other buisinesses coming in, 2013 is shaping up to be a great year for Highland. Let's take a quick look at the key indicators for the 1st quarter of 2013 as compared to 2012. You can watch the video or scroll down to read. 

You’ve probably heard the term “loan modification” or “loan mod” tossed around lately.  While it may be a common term, not everyone is clear on what it is and who should look into pursuing it. 

Utah short sales provide a great opportunity for buyers looking for a great deal on their next home.  They are normally sold at steeply discounted prices, but require some patience on the part of the buyer, as the process is more complicated than a traditional purchase.  Here are a few things to keep in mind to help you have a better chance at finding and closing on a short sale property.

Many times when people talk about foreclosures in Utah, they are referring to investing in bank-owned properties.  However, there are many opportunities to buy a foreclosure for your primary residence.  The question that a lot of people have is whether purchasing a real-estate owned (REO) property is a wise decision when searching for your own home.   The answer can most definitely be “yes.”  In a lot of cases you can get more for your money by purchasing a distressed property and in some instances, do it at a great price that sets you up with equity from the very beginning. All that being said, there are some risks and potential pitfalls to be aware of. In order to not make a big mistake, here are four simple steps to consider if you are looking at foreclosed properties as your primary residence: