FHA Financing can impact the Utah Real Estate recovery and there is not much we can do about it.
Lots of things are happening in the housing market nationwide that can and probably will have some effect on whether you sell or buy a home or condo in Salt Lake.
Homes for sale in SLC are becoming more and more dependent on items totally out of the control of local Real Estate specialists..
Financing, debt forgiveness, rewriting mortgages, postponing foreclosures, how FHA Loans will change our home buying habits are the hot topics of the day.
Thats why we have cultivated a team of professionals that can keep us informed about whats taking place in our industry during these volatile times.
Candy Olson @ Security National Mortgage Company is one of those pros we depend on to deliver that information. We count on her to let us know whats going on and how it could help or hinder the purchase of a new home in Salt Lake.
Here is the latest valuable real Estate Information from Candy.
Perhaps the most important piece of real estate news coming out of Washington this past week was mentioned almost as a "by the way" by Housing and Urban Development Secretary Shaun Donovan. At first I wasn't sure what I heard and the interviewer didn't seem to pick up on it much. But by Sunday Morning the politicians (especially Charlie Crist from Florida) had picked up on it and had the Sunday Morning news shows buzzing a little on the subject. He was talking about two new FHA initiatives the Obama Administration will be rolling out shortly to help homeowners stay in their home.
"We're going to be rolling out an FHA refinancing effort to help borrowers who are under water in their homes get above water," Donovan said, "And second, we're launching an emergency homeowners' loan program for unemployed borrowers to be able to stay in their homes." Does that matter to Real Estate Agents and Mortgage Professionals in Salt Lake City? You better believe it does. It helps keep bank owned property off the market. REO property gluts the market, drives prices down and blights neighborhoods. Anything that helps keep people in their homes is a good thing. It's not like these folks would be moving up, they are just holding on to what they have.
BUT That wasn't even the biggest news in my opinion. Almost as an after thought (if you saw the interview)
Secretary Donovan mentioned that the $8,000 tax credit to first time home buyers was under consideration and might be coming back. I think we all understand very well what that could mean for us. Most of us know that home sales were down across the board in Utah last month. Any news like this is met with open arms.
I think you can see that Candy knows her stuff. You can reach her @ Candy Olson for loans, anytime.
Get to know her. Put Candy on your team of Real Estate Professionals. Candy works great with first time home buyers, she knows how to get the most from FHA, She understands Utah Housing, and where to go for 100% loans. Candy Olson knows the Salt Lake Mortgage business.
If you are still looking for that home on Salt Lake, be sure that you have Candy get started on pre qualification for your home loan.
The best deals on houses or condos in Salt Lake are usually Bank Foreclosures and the great ones are under contact quickly. Banks wont look at offers unless they are accompanied by an approval letter so if your serious about getting that new home in Salt Lake call Candy today.
If you have any other Real Estate questions stop by Salt Lake Real Estate Information and get help from some of the best Realtors in the business.
Or just call us @ 801-567-0946 we know more than how FHA Financing Can Impact Utah Real Estate Recovery.
HUD
HUD Homes For Sale In Murray Park Cove, Murray UT
See this 2,406 sq. ft., 5 bedroom, 3 bath, 2 story Salt Lake Foreclosure @ 4631 S Namba Way, Murray Utah, 84107
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MLS® $232,000
Murray Park Cove, Murray - HUD HOME SOLD AS IS BY ELECTRONIC BID ONLY. FHA#521-668988. AVAILABLE BEGINNING 9/3/10. BIDS DUE BY 9/12/10 @11:59PM OR DAILY UNTIL SOLD. SF=1,292, BEDROOMS=3, BATHROOMS=2 PER HUD. NEW $100 DOWN PAYMENT INCENTIVE IS AVAILABLE FOR OWNER OCCUPANT BUYERS WHO SUBMIT FULL PRICE OFFERS ON FHA ELIGIBLE PROPERTIES UTILIZING FHA FINANCING. MCB MAKES NO WARRANTY TO THE EXISTENCE OF MOLD IN PROPERTY AND IS NOT LIABLE FOR HARMFUL EFFECTS. BUYER TO VERIFY ALL INFORMATION. NOT ON SUPRA LOCKBOX, $4 KEY @ S.L. BOARD STORE. INSURED WITH ESCROW REPAIRS $2,008. LBP.
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To see other Salt Lake Foreclosed Homes and Foreclosures in Murray UT, stop by Salt Lake Foreclosures, and see hundreds of Bank Owned Listings, REOs, Bank Foreclosures and SLC HUD Homes.
Or call us @ 801-567-0946 we can help with more than HUD Homes For Sale In Murray Park Cove, Murray UT.
Bank Foreclosure
See another one of these Bank Foreclosures For Sale In Murray Utah•
This one is a 3,126 sq. ft.,3 bedroom 2 bath, Rambler that you can drive by @ 6457 Travis James LN, Murray Utah 84107. It's worth the drive.
- MLS® $224,900
Travis James Place, Murray UT - GREAT FAMILY HOME. OPEN VAULTED FLOOR PLAN. HOME IS IN GOOD CONDITION CLOSE TO TRAX STATION. MAIN FLOOR FAMILY ROOM. BANK OF AMERICA PREAPROVAL LETTER REQUIRED FOR OFFER SUBMISSION. FREE APPRAISAL AND CREDIT REPORT IF FINANCED WITH BAC. MIN 1% E.M. NO SUBJECT TO SALE.
Property information
If Murray Utah is not where you want to live, you can search for Distressed Houses all over the Salt Lake Valley. Distressed homes can be Short Sales, Bank Foreclosures, Foreclosed Homes, HUD Homes, Pre Foreclosures and REOs.
For Real Estate information to help look for a new home to buy, or how to sell your home, help to determine value or to apply for a loan, stop by Salt Lake Real Estate. It's designed to be your source for Real Estate Information.
Or just call us @ 801-567-0946.
We know more than just Bank Foreclosures For Sale-Murray Utah.
Bank Foreclosure
• There are a number of Foreclosed Homes For Sale In Herriman UT .
This one is a 2,417 sq. ft.,4 bedroom, 3 bath, 2 story Foreclosed Home that can be seen by driving by 2140 W 13730 S, Herriman Utah 84065.
- MLS® $190,000
Herriman, Salt Lake County Utah- ***BANK OWNED*** Pre-Qual Letter, Proof of Funds, & earnest money MUST accompany ALL offers. SOLD AS-IS. 3 bed 2.5 bath & laundry above ground. Good sized yard. Close to schools, shopping, and freeways.
Property information
For more Real Estate Information about how to buy or sell a Salt Lake home you can follow our Salt Lake Real Estate Blog.
To see all of the Salt Lake Foreclosed Homes and more Herriman Foreclosures as well as SLC Short Sales, stop by our website, or give us a call @ 801-567-0946.
We would love to talk to you about Foreclosed Homes For Sale In Herriman Utah.
HUD
One of best deals this week is one of the HUD Homes for Sale in Herriman Utah It is a 2,510 sq. ft.,3 bedroom, 2 bath, Rambler located @ 5172 Heartland Cove, Herriman UT 84096-
MLS® $189,000
Herriman, Salt Lake County UT - HUD HOME SOLD AS IS BY ELECTRONIC BID ONLY. FHA#521-581995. AVAILABLE BEGINNING 9/3/10. BIDS DUE BY 9/12/10 @11:59PM OR DAILY UNTIL SOLD. SF=1,322 PER HUD. NEW $100 DOWN PAYMENT INCENTIVE IS AVAILABLE FOR OWNER OCCUPANT BUYERS WHO SUBMIT FULL PRICE OFFERS ON FHA ELIGIBLE PROPERTIES UTILIZING FHA FINANCING. MCB MAKES NO WARRANTY TO THE EXISTENCE OF MOLD IN PROPERTY AND IS NOT LIABLE FOR HARMFUL EFFECTS. BUYER TO VERIFY ALL INFORMATION. NOT ON SUPRA LOCKBOX, $4 KEY @ S.L. BOARD STORE. INSURED.
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Buyers of HUD Homes must work with registered agents, and submit bids on FHA forms instead of offers on standard Real Estate purchase contracts. HUD approved agents in Salt Lake also have special keys to give Herriman HUD buyers or Riverton UT homes or condos like these access for evaluation and inspection.
If you would like more information about buying a Salt Lake HUD Home in Herriman Utah, or general Real Estate Information stop by Salt Lake Real Estate and see if we can help.
Or you can call us @ 801-567-0946 and ask us about HUD Homes For Sale In Herriman Utah.
Bank Foreclosure
• 2,336 sq. ft., 4 bath, 3 bdrm 2 story - MLS® $183,900
Oquirrh Highlands, Oquirrh - Charming home with inviting entry and unique open floor plan. Family room and den on main. Large RV pad and patio for entertaining. Come check this one out. Buyer to verify all information. Don't miss this! Priced to sell! BANK HAS NEGOTIATED AN OFFER. WAITING BANK SIGNATURES
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Riverside Estates, Sandy - Announcing a price reduction on 846 W Chartres Avenue, a 1,446 sq. ft., 2 bath, 3 bdrm ranch. Now MLS® $224,900 - .
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The Avenues, Salt Lake City - Announcing a price reduction on 523 N I Street, a 2,204 sq. ft., 2 bath, 2 bdrm 3 story. Now MLS® $290,000 - .
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Travis James Place, Murray - Announcing a price reduction on 6457 S TRAVIS JAMES LN, a 3,126 sq. ft., 2 bath, 3 bdrm ranch. Now MLS® $224,900 - .
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It's time for a Sandy UT Homes For Sale, Salt Lake Report that covers all of the 692 homes and condos for sale in Sandy Utah. Homes listed in Sandy City make up about 9% of all of the houses, condominiums, townhouses and twin homes listed for sale on the MLS (Wasatch Front Multiple Listing Service) by REALTORS in Salt Lake City UT.
The report will include houses and condos in Sandy listed from $100,000 up to a few Sandy luxury homes priced for more than $2.5 Million dollars.
What is not included are many rental homes, unless they are "rent to own", For Sale By Owners (FSBOS) or New Construction Homes that have been listed..
SANDY HOMES FOR SALE BY OWNER:
Homes for sale by owner can still be an option for someone looking to buy a home in Sandy UT. If you drive by a home that has a for sale sign in the window, call your local Salt Lake Realtor, someone that knows the neighborhood. Give them the address, and let them know that you would be interested in learning more about the home if it is priced right. They can find out the price, terms and enough information that you can tell if you should schedule an appointment. Most Home Owners are happy to work with an agent, and you, as a buyer should want to be represented in the transaction.
NEW HOMES FOR SALE IN SANDY UT: (NEW HOMES AND CONDOMINIUMS)
There is not a lot of new construction for sale in Sandy, and what is available may not show up on the Salt Lake MLS. Many New Home Builders like to sell their new houses, town homes, condos, or twin homes by providing a model home environment for their on site sales people to represent them. That gives home buyers the chance to see what they are buying but doesn't give the home buyer any representation. Any one looking to buy a new home in Salt Lake County should read Buying a New Home? Get an agent.
LISTINGS FOR HOMES IN SANDY UTAH:
There are 692 homes & Condominiums listed for sale in Sandy UT. Thats almost 10% of the available houses in Salt Lake County that are priced over $100,000.
131 of these homes are listed as short sales, which is about 18.9% of the homes and condo listings.
Of these homes in Sandy City, 121 are "under contract". Which means that an offer has been made by a buyer on 17% of the homes listed and that an offer has been accepted by the seller of that home. All of these house and condos will not close.
24% of the homes under contract are priced over $300,000, while 39% of the offers on Sandy Listings are priced over $300,000.
Three hundred seventy four of these are priced between $100,000 & $300,000. (54%). Ten percent of the homes for sale are between $300 & $350,000.
The median price of listed homes for sale in Sandy is $261,000, while the average price was $361,925.
By contrast, the median listing price and average price of homes under contract is $242,000 and $276,600.
The average days on market for listed homes (145) is comparable to those homes that are under contract.(140 days).
Over the next few days, reports will be available for other areas in the Salt Lake Valley. Keep checking with us to see if we cover an area of interest that would help you look for a house.
For other Real Estate related information stop by Real Estate Information, and access tons of pages of articles about how to buy a house, what to look for in a Real Estate Agent, listings of short sales, and how to buy them.
Or you can just call us @ 801-567-0946 and talk about Sandy UT Homes For Sale, and this Salt Lake Report.
Bank Foreclosure
•Want to see a 5 Bedroom Bank Foreclosure For Sale In Draper UT ? Drive by this Foreclosed Home in the South Valley @ 528 E Outlook CV, Draper UT. 84020. It's Bank Owned so your in charge.
This Bank Owned Home is a 5,700 sq. ft., 5 bedroom, 5 bath, 2 story modern home in Foreclosure in Draper Heights in the middle of many Salt Lake Luxury Homes.
#985571- MLS® $365,000
Draper Heights, Draper Foreclosure - ***BANK OWNED***FOR SHOW INSTRUCTIONS CLICK ON "VIEW AGENT REMARKS." Pre-Qual Letter, Proof of Funds, & earnest money MUST accompany ALL offers. SOLD AS-IS. Property is OCCUPIED by tenant. DO NOT DISTURB. CALL AGENT FOR APPT. 3 bed 3 full bath & laundry above ground. Personal property in pictures not included.
Property information
To see other Foreclosed Homes around Salt Lake, stop by Salt Lake Foreclosures and look at hundreds of homes listed for sale on the MLS.
Or you can call us @ 801-567-0946 and talk about this Bank Foreclosure For Sale In Draper UT.
Well Known Utah Builder has New Home For Sale In Bridle Walk, Murray UT. Check it out ! Drive by this New Home, under construction @ 4563 S 785 E Murray UT 84107
You can check the neighborhood, drive time, location to shopping and parks and measure the drive time. to live in this 3,164 sq. ft., 3 bedroom, 2 bath, Rambler that is under construction.
- # 984441 MLS® $291,950
Bridle Walk, Murray - Fantastic customizable rambler by reputable builder Liberty Homes. Features include vaulted ceilings, walk-in closet, sep/tub and shower, and home warranty.
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For a complete list of all the New Homes listed for Sale on the Salt Lake MLS, visit SLC New Homes and have all the New Homes For Sale in The Salt Lake Valley as well as New Homes & Condominiums for Sale in Draper Utah, West Jordan, South Jordan, Sandy UT, Herriman and Taylorsville Utah.
To search resales in Salt Lake, you can be looking at all the Homes listed for Sale around SLC with just a click of your finger.
To see Foreclosed Homes around Salt Lake, stop by Salt Lake Foreclosures and look at hundreds of homes listed for sale on the MLS.
Or you can call us @ 801-567-0946 and talk about this Bank Foreclosure For Sale In Draper UT.
New Construction of New Homes For Sale In Discovery Heights Estates, West Jordan UT.
Drive by and see this 4,084 sq. ft, 4 bdrm , 2 bath, Rambler @ 8496 S Wind Caves LN, West Jordan UT 84088
# 984421- MLS® $289,950
Discovery Heights Estates, West Jordan - Fantastic customizable rambler by reputable builder Liberty Homes. Features include vaulted ceilings, tile flooring, walk-in closet, sep/tub and shower, and home warranty.
Property information
For a complete list of all the New Homes listed for Sale on the Salt Lake MLS, visit SLC New Homes and have all the New Homes For Sale in The Salt Lake Valley as well as New Homes & Condominiums for Sale in Draper Utah, West Jordan, South Jordan, Sandy UT, Herriman and Taylorsville Utah.
To search resales in Salt Lake, you can be looking at all the Homes listed for Sale around SLC with just a click of your finger.
To see Foreclosed Homes around Salt Lake, stop by Salt Lake Foreclosures and look at hundreds of homes listed for sale on the MLS.
Or you can call us @ 801-567-0946 and talk about this New Homes For Sale In Discovery Heights Estates, West Jordan UT.
New Construction means New Homes For Sale In Scenic Cove, Riverton UT. 3,014 sq. ft., 3 bedroom, 2 bath, Rambler in the South end of Salt Lake Valley.
Drive by 11916 S Scenic Acres, Riverton Utah 84065, and check out the neighborhood, the schools, parks & playgrounds in this part of Riverton UT, and the give us a call if you want to set up a showing.
MLS® # 985326 ......................$249,900
Scenic Cove, Riverton Utah - Beautiful new rambler being built with 3 car garage for under $250,000! Vaulted ceilings main floor family and laundry rooms. Grand roman bathroom off master. Large lot- Super area of nicer homes.
Property information
For a complete list of all the New Homes listed for Sale on the Salt Lake MLS, visit SLC New Homes and have all the New Homes For Sale in The Salt Lake Valley as well as New Homes & Condominiums for Sale in Draper Utah.
To search resales in Salt Lake, you can be looking at all the Homes listed for Sale around SLC with just a click of your finger.
Or you can call us @ 801-567-0946 and find out more about the New Homes For Sale In Scenic Cove, Riverton UT.
• 2,779 sq. ft., 2 bath, 3 bdrm ranch - MLS® $222,950
Vistas, West Valley City - Fantastic customizable rambler by reputable builder Liberty Homes. Features include vaulted ceilings, tile flooring, walk-in closet, sep/tub and shower, 90% efficient furnace and home warranty.
Property information