Archive for category Real Estate News

Logan Real Estate Market Rebounding

There are some very positive signs for the real estate market in Logan Utah. Real Estate Inventory is at it’s lowest level in years, and home sales are up for the fourth straight month.

Don't Count on Tax Credit if Your Offer is on a Short Sale Home

Video Courtesy of KSL.com

Home sales in Utah were substantially up during the first quarter. Some Salt Lake Real Estate areas saw nearly double the home sales as 2009. Sandy Home Sales jumped 48.5, Kearns/Taylorsville Real Estate Sales increased 54.2%, Midvale Real Estate improved 72%, and West Salt Lake sales jumped 122%. A big part of this increase is credited to the federal home buying tax credits.

If you have a home solidly under contract right now, that is expected to close before the end of June, you also have a good chance of getting that tax credit. However, if the property you have under contract is a “Short Sale” don’t count on the tax credits. Despite federal regulations, and efforts to make short sales more manageable, the process is still very slow and inefficient. There is a good chance the property you have under contract won’t close by the deadline, and may not even have full bank approval.

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How the Real Estate Market Crash Happened

Here is a little video I stumbled upon from CNN money that goes over how and why the real estate market crashed.

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Find out how much real estate is worth with a CMA.

One of the most common questions asked associated with real estate is, “how much is it worth.” The best way to determine market value of Cache County Real Estate and Logan Utah Homes for Sale is with a CMA.

A CMA, comparative market analysis, competitive market analysis, or whatever you want to call it, compares the for sale, and recently sold properties with your home. It compares nearby recently sold properties of similar sizes and ages. We then add or subtract values based on what is missing to better compare apples to apples. If you are planning on selling your home, we also compare it with properties that are currently for sale so you can see where it would stand against the competition.

CMA’s are generally used if you are planning on selling your home, but they can also be useful if you want to dispute a tax value, are planning on refinancing, or are just curious.

If you would like a free CMA for a house or parcel of land in Northern Utah, click this link: Free CMA from Cornerstone Real Estate Professionals

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