Salt Lake City Utah Real Estate Blog

Listing Your House In Utah

Friday, May 30, 2014

The UTAH Housing Corporation recently released a report noting that there are now record highs being seen in home sales. In fact, numbers haven't soared like this since the housing crisis 7 years ago. It's left real estate agents scrambling to help homebuyers close sales within weeks, not months. For UTAH sellers, this is great news. For homebuyers, it may pose a problem – if you hesitate.

Real estate agents are advising homebuyers not to wait to put an offer on the home they love in ALPINE. At the rate homes are being sold, it's become close to cutthroat among buyers who are snatching up homes within days of them being listed.

In fact, this rare phenomenon doesn't happen often – it's a buyers and a seller's market – and it may not last long. Right now, there is an "inventory" shortage, meaning there are more buyers than there are homes for sale. For an appropriately priced UTAH home, there's tremendous potential for buyers and sellers both getting what they want.

The price of your home is going to play a significant role in its sale. Homes under $500,000 are selling the fastest, according to analysts. The most popular range is homes between $200,000 and $300,000. If you're not sure what your home's value is worth, a SALT LAKE CITY real estate agent can help you figure it out. You'll need to have the house assessed for its value and based on a number of factors including location, condition, and the local market, your home's value can get priced so you can get listed. Sell while conditions are this perfect and your sale may go much faster than you hoped.