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Northern Utah Real Estate – Visually

Archive for category short sales

Short Sale Condo for Sale in Logan

Apr 29

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Robert tells us about a short sale condo for sale in Logan. Being a short sale, the current homeowners owe more than the property is actually worth. This could be a great deal for a potential buyer.

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

Apr 28

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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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Definitely a Buyers Market in Logan Utah

Feb 22

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Robert talks about the strong buyers market we still have in Cache Valley. He just got back from showing a house for sale in Hyrum built in 2003, with nearly 2000 square feet for just $120,000. In his opinion, the house is worth $135,000. This house is a Hyrum short sale, and I actually was part of the two previous transactions with this house. The first time I sold it while representing buyers in March of 2006 the house sold for $126,000. When these owners moved, we sold it for $139,000. Now, the same house is listed at just $120,000! It was a nice house the last time I was in it.

This is just one of the many deals out there. Click here to view allLogan Utah Homes for Sale right now.

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Short Sales in Cache Valley

Feb 10

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Robert Brown talks about short sales in Cache Valley. Purchasing a short sale is a little bit different than purchasing other properties. With a short sale, the home owner owes more than what it is actually going to sell for. There is a lot more uncertainty involved with short sales, you never know when the bank is going to respond to your offer, and a lot of the time they won’t even accept the price the home is listed at.

In this video, Robert actually has some good news. A short sale home that one of his client has an offer in on, just got accepted and his clients are getting a great deal.

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