Tooele County, UT Real Estate News

By Chris and Berna Sloan, Tooele UT
(Group 1 Real Estate)
2017-11-02 11:16:57Get one Home Loan To Buy & Fix Up Grantsville Utah House FHA 203K More people in Tooele County looking for money to get one home loan to buy & fix up a Grantsville Utah house. FHA 203K can be the answer. With so few saleable listings available in Grantsville, many home buyers are looking at previously owned homes as an alternative. The problems are: Used houses look like they are used homes. After the down payment and closing costs, little cash is left to replace and freshen up the new purchase. So it stands to reason that a home mortgage that allows you to borrow the necessary money to fix things up without getting short term high interest financing is worth looking at. FHA has such a product and this post should begin to tell you about it. It's called the 203K. FHA...
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By Chris and Berna Sloan, Tooele UT
(Group 1 Real Estate)
Don’t Rent Buy A New Home in Lake Point UtahDon’t Rent in Lake Point UtahI saw a post somewhere on the net the other day that said “don’t rent, buy a new home in Lake Point Utah“. I checked out the add and loved the new homes offered, the large lots and animal rights you get in these new subdivisions.The new homes for sale in Lake Point Utah have a lot to offer.Renting a home is a good option for some, but buying a home just might be the best thing for you. When you rent a home, you send money to someone else every month in exchange for knowing that you can call on your landlord when the roof leaks, an appliance stops working or your bathroom faucet breaks. There are some big advantages to buying a house that will help you get out of your renting rut and focus more on your future.Build ...
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By Chris and Berna Sloan, Tooele UT
(Group 1 Real Estate)
List Your Tooele UT Home Today Now is time to list Tooele UT homeIf you are thinking of selling, then let me shout from the rooftops; list your Tooele UT home today! Last week I posted a piece from Keeping Current Matters with some great charts about why now is a great time to list your house. Like most of the KCM articles it dealt with the topic of putting your property on the market now from a national perspective. The stats were impressive. But……. When I started looking at the numbers of our local Tooele real estate market, I was amazed. Here is a re-post of that article with some comments from me about what these graphics mean a little closer to home. (and only 30 miles from downtown SLC) After all, as you have heard me say so often “all real estate is local”. Enjoy! 3 Charts That S...
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By Chris and Berna Sloan, Tooele UT
(Group 1 Real Estate)
When a Tooele Home Loan is More Than a Mortgage Mortgage can be a source of cashThere may come a time when a Tooele home loan is more than a mortgage. Or at least you may want it to be. I’m not talking about the ability to continually use the equity in your home to borrow money against to fund toys or afford exotic vacations. I’m talking about using your home loan as a tool to launch real estate related business. With that in mind lets talk about some of the things that your mortgage can be used for other than just  allowing you to take advantage of leverage and building wealth from the house you own and live in. Here are some suggested things you may want to talk to a financial planner or investment adviser about. I don’t give investment advise & suggest that if anything here strikes a...
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By Chris and Berna Sloan, Tooele UT
(Group 1 Real Estate)
What About Solar Home Values in Tooele Utah Solar Home ValuesHow many times have I heard “what about solar home values in Tooele Utah”? Happy Monday friends! As I mentioned last week, I had the opportunity to attend the Utah Association of Appraisers  event last week. I listened to several speakers talking about the market in general, but I was really interested in the conversation regarding the valuation of solar on existing Tooele County homes, as I know we are all getting “the question” on a daily basis. Maybe it’s really 2 questions…At any rate, the answer to the valuation question is really quite simple. Appraisers deal with numbers, period. At this point, they can’t really quantify the “value” of these systems as there are relatively few systems on homes that are for sale. Therefo...
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By Chris and Berna Sloan, Tooele UT
(Group 1 Real Estate)
Tooele County UT has 6 bedroom homes for sale, and if you compare prices to those in SLC, you will find a much better deal just 30 freeway miles down the road. Plus, generally speaking larger lots, lower taxes, and a lifestyle that is the envy of anyone that has had to go “out of town” for a relaxing weekend”.No matter why you need the extra sleeping arrangements, aging parents, teenagers returning, (or not leaving) or to even rent out to help with mortgage payments, I encourage you to look in Tooele before you make your final choice.Here are a few listings that offer extra bedrooms.I can’t guarantee that they will be available when you read this, but it will familiarize you with our home searching website. That way you can continue on your own, and search for the right property, save a...
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By Chris and Berna Sloan, Tooele UT
(Group 1 Real Estate)
Owning a Home in Tooele UT is Much Better Than Renting Buy or Rent a homeOwning a home in Tooele UT is much better than renting. With an interest rate that is still super low, housing prices that have yet to match most of those in cities along the Wasatch Front, and the possibility of 100% financing using a USDA loan you really should consider the many advantages of owning your own home. Here are a few to consider. Owning vs Renting: Why High Rents Are Worse Than a Mortgage over the Long Term If you’re at the stage in life where home ownership is nearly within your reach, you’re probably wondering whether you should start looking for a home or whether you should just keep renting. Renting is easier, people say, and it gives you more mobility. But over the long term, all that rent money ...
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By Chris and Berna Sloan, Tooele UT
(Group 1 Real Estate)
Buy a Home Now or Later in Tooele UT Interest rates prices, UPThe question is. should you buy a home now or later in Tooele UT? You know you believe in home ownership. You understand that owning your own house the easiest and best way to build wealth, and you certainly understand all of the social benefits to your family that is part of having your own real estate. In fact you grew up with the old adage, “be it ever so humble, there’s no place like home”. BUT… There are still some of you in Tooele, or 30 miles down the road along the Wasatch Front that are still wondering if now is the time to move forward or perhaps waiting would be more prudent. Well… let me tell you one more time. Don’t wait another minute. Now is the best time to start shopping for that new Tooele house. Because Int...
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By Chris and Berna Sloan, Tooele UT
(Group 1 Real Estate)
5 Reasons To Sell Your Tooele Home Sell Tooele Home5 reasons to sell your Tooele UT home. The message to Bernas Tooele Utah followers was highlighted with the 5 reasons to sell your house or condominium. Berna posted this information on her Face Book page a few months ago, and it is still relevant. In fact it’s more serious than ever . Since It was featured on her Face Book page and picked up from our friends @ KCM the intensity of the market and the need for good inventory has increased…. A bunch. Click on the graphic and see if there is anything @ a national level in here that can help you decide Yay or nay. Some of the things you will learn that are true nationally are also true in Tooele County Utah as well. Some of these are: Demand is high There is less than a 6 months supply of h...
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By Chris and Berna Sloan, Tooele UT
(Group 1 Real Estate)
New Home Construction in Stansbury Park UT is on Fire Find new homes in Stansbury Park UTNew home construction in Stansbury Park UT is on fire, last week 3 new homes in the area were listed for sale on the MLS and this morning only one is still available. This is partly due to the lack of good used home inventory in Stansbury. (only 16 listings), and due in part to the fact that Stansbury Park Utah is a wonderful place to live. Anchored by a golf course, a community pool and a man made lake, this small but dynamic community has been a favorite for commuters to Salt Lake for some time now. Almost half of the homes listed in Tooele County are new construction houses. That’s correct, of the 167 houses listed for sale on the MLS, seventy seven are either under construction, or spec homes th...
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By Chris and Berna Sloan, Tooele UT
(Group 1 Real Estate)
Look in Tooele UT If You Want a Luxury Home   Find luxury homes hereLook in Tooele UT if you want a luxury home. Assuming we can agree on what constitutes a luxury home, I think you can find every thing your looking for out here. or……you could  have one built in Tooele County for a lot less money than you can expect to pay closer to downtown\ SLC. Here is an article from my pals at Keeping Current Matters that goes over some reasons to move up to more elaborate digs. After you read that, I’ll give you my take on why, if you have made the decision to move up, you should consider Salt Lakes western neighbor. Plus I’ll give you some comparison links that compare the cost of buying in various Utah cities. Enjoy this. Looking to Move-Up to a Luxury Home? Now’s the Time!   If your house no lo...
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By Chris and Berna Sloan, Tooele UT
(Group 1 Real Estate)
How You Can Buy a Home in Tooele Utah in a Tough Market I know how to buyIf you have been wondering how you can buy a home in Tooele  Utah in a tough market & when inventory is so scarce and the market is so hot, here are some tips. Real Estate markets where good listings begin getting showings within hours of showing up on the MLS, and offers almost immediately, are as difficult on agents as they are on clients. That’s why I was reading up on how to deal with a “hot market”. Below are some of the tips I uncovered while doing that homework that I thought might be helpful. Each is written by a professional real estate agent and deals with one of the things that home buyers and their agents need to deal with when buying a home. In this case buying a house listed in Tooele County Utah Enjo...
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By Chris and Berna Sloan, Tooele UT
(Group 1 Real Estate)
Need 100% Financing In Tooele Utah Try VA Loans No money downIf you need 100% financing in Tooele Utah try VA loans. You need to have been a veteran and have not previously used up your eligibility. If you meet these 2 qualifications then you could be well on your way to home ownership without using up your life savings or paying a premium outside of interest rates. VA loans are just one of the many benefits available to our veterans. VA Loan Benefits Features Of VA Mortgages In Tooele Utah Veterans have use of VA mortgages provided by private mortgage companies but guaranteed by the federal government. The guarantee buffers mortgage companies against loss up to a certain dollar amount should a homeowner forecloses on a property. With this guarantee, mortgage companies are able to give ...
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By Chris and Berna Sloan, Tooele UT
(Group 1 Real Estate)
Grantsville Utah Homes Selling Fast Here’s Proof Buying a house in Grantsville UtahGrantsville Utah Homes selling fast and here’s proof. I started to post about Grantsville listings awhile back. Thought I would provide some current homes for sale for anyone just starting looking at homes in that community. I got sidetracked, and a couple of weeks later when I returned to the task, I found that all of those houses were either sold or under contract. I guess I could start over, but instead I have decided that this might be a teachable moment. The lesson is “if you snooze you lose”. Property in Tooele County is moving so fast that if you don’t get out in the marketplace with a good idea of what you want, what you are willing to pay and a pre qualification letter in hand, the home that fits...
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By Chris and Berna Sloan, Tooele UT
(Group 1 Real Estate)
Tooele Utah Sales of New Homes Heating UP Buying your new Tooele homeHave you noticed that in Tooele Utah sales of new homes is heating up? At least the number of new construction listings is way out of whack. Of the 182 listings available for sale on the multiple listing service, 76 are newly constructed, (spec homes) to be built houses or listed as homes under construction. That means almost 42% of the housing inventory is being offered by home builders. Generally, new home listings represent no more than 10 or 12% of available inventory in a market. Even in its real estate heyday, (i think that should be hay-day), the county was no more than 20%. Our friends @ Keeping Current matters wrote a good article last year about why new home builders have been stepping out with spec homes at ...
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By Chris and Berna Sloan, Tooele UT
(Group 1 Real Estate)
Are Home Prices going Up in Tooele County Tooele home prices riseAre home prices going up in Tooele County? That’s a question I hear a lot. It’s also an answer that any buyer or seller of Tooele Real Estate should be interested in. The answer is yes, but, more so in some area than others. As many of you know, most of the housing inventory that is bought or sold in the county is located in 6 major areas. Tooele City Grantsville UT Stansbury Park Erda Utah Lake Point UT Stockton UT These are the population hubs that make up the bulk of households in the area. There is some activity in West Wendover, but it is so far out of the market area that we rarely include those stats in any articles or posts we write. With that in mind, this post will just deal with national numbers and an effort to...
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By Chris and Berna Sloan, Tooele UT
(Group 1 Real Estate)
Everyone Says Wait Till Spring To Sell Your Tooele Home Everyone says “wait till spring to sell your Tooele home“. I say do it now. No one knows what the change of seasons might bring. Interest rates could shoot up, decreasing the pool of buyers qualified to buy your house. Prices of houses just like yours could go down because of the economy, regulations or a combination of things. Here is a replay of a blog post I did last year about listing your home over the holidays, I think it’s still worth reading about if you are thinking about waiting until spring to sell your house in Tooele County UT. Why You Shouldn’t Take Your House Off the Market During the Holidays If you are one of the many homeowners who is debating taking your home off the market for the next few weeks, don’t! You will...
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By Chris and Berna Sloan, Tooele UT
(Group 1 Real Estate)
Berna Talks About Tooele Real Estate   When Berna talks about Tooele real estate, people listen. She had a lot to say last week. In case you missed it, I'm going to re-post some of her wisdom here in hopes any questions you have about buying or selling a house in the county will be answered. Not sure about what prices are doing? Catch the article about what rising prices are doing to the market in 3 or 4 of the counties bigger cities.. Think you should wait until spring to put your home on the market? Berna doesn't think so. If you are thinking of waiting to list, you need to read this. For new home buyers looking for wide open spaces, the post on Stockton UT should be of interest. More buying information is offered those investors and home-buyers looking for a good deal in Bernas list ...
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By Chris and Berna Sloan, Tooele UT
(Group 1 Real Estate)
 Find a New home in LakePointHave you seen the new homes for sale in Lake Point UT?If not, here is your chance to see new houses under construction in the closest neighborhood to Salt Lake in Tooele County.Most of these are being built by Lightyear construction, and if you click on the photo you can see additional pictures, prices, floor plans and other features that will help you compare building a home in Tooele County to buying a new house any where along the Wasatch Front.Enjoy 7863 N COBBLERROCK RD, Lake Point UT 84074 $498,900 New Lake Point Listing with 5 bedrooms, 3 bathrooms and 5225 square. “ENJOY YOUR BEAUTIFUL HOME TO BE BUILT BY LIGHTYEAR CONSTRUCTION – TIMPANGOS PLAN – COME SEE US TODAY AT OUR MODEL HOME IN LAKE POINT. WE DO 2-TONE PAINT, GRANITE, SOFT CLOSE CABINETRY, AND...
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By Chris and Berna Sloan, Tooele UT
(Group 1 Real Estate)
Is your Tooele Ut home ready for winter?Have you winterized the Tooele UT home yet?There is more to getting your house ready for the snow & cold temperature than draining the exterior hoses and hose bibs. In fact those tasks are just where you start.Just in case you have fallen behind, or just plain don’t know where to start, here are some tips about preparing your property for the winter weather that should help out.Some of this information is for general maintanence, some can be seen as cosmetic and a few of the pieces of advise will just plain keep you warm.Enjoy these and get er done! Roof, Furnace Checks Among Steps To Winterize Your Home – Hartford Courant http://news.google.com Hartford CourantRoof, Furnace Checks Among Steps To Winterize Your Home Hartford CourantIf the budget d...
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