Taylorsville Ut, Homes For Sale 175, Short Sales 8 !!!
Of the 175 Condominiums and Homes for sale in Taylorsville, Ut, 4.5% (8) are short sales or are facing foreclosure.
Thats not a bad statistic when you look at some of the other areas of the country, where as much as 40% of the standing inventory of homes for sale can be characterised as distressed.
The Wasatch Front MLS gathers these numbers from home listings Realtors have entered into the system. They Identify a property as being either a Foreclosure, Bank Owned, a HUD Home, Short Sale, or a home that requires approval of a third party before it can be sold or purchased.
New homes/condominiums, (new construction) offered by builders that are sold from model homes, or subdivision sites, with their own Real Estate Agent representing them are not included in this report. Neither are homes for sale by owners (FSBOs) as they are generally not listed.
Short sales can have value for all parties in the Real Estate transaction. The owners get out of a mess without totally destroying their credit. On a short sale new IRS regs allow the debt relief to be a non taxable event, and in Utah the deficiency consequence of selling your house for less than you owe goes away.
Banks or mortgage holders are agreeable, as foreclosures are time consuming, costly, and leave homes vulnerable to vandalism, further value deterioration, theft, insurance liability and a host of other problems.
Best of all, Home buyers, whether they are families moving up, or Real Estate Investors can purchase new and previously owned homes for considerable savings.
The following examines some areas of interest you might have when looking for short sales or Bank Owned Homes for sale in Taylorsville.
Total Inventory of Taylorsville Ut Homes for sale:
As of 4/26/08, there was 143 single family homes & 32 condominiums for sale in Taylorsville.
Taylorsville has a for sale housing inventory of over 18% condos.
Taylorsville Ut Short Sales, or Bank owned Homes:
Less than 5% of the single family homes, 143 can be considered as distressed property.
Only 3% of the 32 condominiums for sale in Taylorsville are Bank Owned, foreclosures or short.
Thirty day trend:
In the last 30 days 2 homes or condominiums have been added to Taylorsville homes for sale.
Two new contracts have been signed .
One distressed house has closed in Taylorsville Ut, in the last 30 days.
Commentary:
Short sales sold in Taylorsville over the last 30 days range from a $109,000 dollar 2bdm 1bth condo built in 1973 to an 18 year old 6brm, 4bth Rambler for $260,000 dollars. Real Estate, all things considered is in pretty good shape in most areas of Taylorsville. Real Estate Investors looking for new construction homes will find it real slim pickens. None of the short sales in Taylorsville is less than 12 years old.
Buying a short sale home, or a foreclosed property isn't difficult, but it takes preparation, and an experienced Realtor.
If you have a Realtor, put them to work TODAY!!!
If you don't have a Realtor, we'd like you to check us out. Go to our web site Salt Lake Real Estate and see how serious we are about this business.
If you want to start looking for your next Taylorsville Ut home among the 175 houses available, just click on the website pages that provide all the listings, Salt Lake homes. It's FREE, updated daily and lets you see pictures , addresses, prices, and necessary information. Or just give us a call @ 801-567-0946.
Remember, there are 175 Taylorsville Ut, Homes for sale, 4.5% (8) are short sales waiting for you to take advantage of the market.