Grantsville Ut, Homes For Sale 144, Short Sales 7 !!!
Of the144 Condominiums and Homes for sale in Grantsville Ut, 4.8% (7) are short sales or are facing foreclosure.
Thats not a bad statistic when you look at some of the other areas of the country, or in parts of Utah 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 Grantsville Utah.
Total Inventory of Grantsville Ut, Homes for sale:
As of 4/26/08, there was 144 single family homes & no condominiums for sale in Grantsville Ut.
Grantsville Ut, Short Sales, or Bank owned Homes:
Seven of the single family homes, can be considered distressed property.
Thirty day trend for HUD, Bank Owned, Foreclosures and Short Sales in Grantsville.
In the last 30 days 1 home was added to Grantsville Ut, homes for sale.
No Contracts have been signed by buyers or sellers
One house closed in Grantsville in the last 30 days.
Commentary:
Grantsville is still an Investors paradise. It has land, a built in niche market and a lifestyle to envy. The problem will be exposed when out of state developers think they can clone some of the Salt Lake valley developments and break away from the traditions that have been the Grantsville appeal for generations. Big lots, big sky and a cowboy attitude. You wont find many old timers with reset mortgage problems, but some of the newer folks may have bitten off more than they could chew. New Builders will make a contribution to our short sale inventory soon. Be patient, get a real good Realtor.
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 Tooele Real Estate and see how serious we are about this business.
If you want to start looking for your next Grantsville home among the 144 houses available, just click on the website pages that provide all the listings, Tooele Homes. It's FREE, updated daily and lets you see pictures , addresses, prices, and necessary informationoele Homes . Or just give us a call @ 435-840-5029
Remember, there are 144 Grantsville Ut, Homes for sale, 7 are short sales waiting for you to take advantage of the market.