Motivated Sellers and a New Government Homebuyer Stimulus Program promise to make 2008 Great.

Wasatch Front Real Estate Market Analysis

In spite of the fact that Utah real estate inventory (Active listings) continues to increase, the average single family home sold prices in Salt Lake County for the 4th Quarter of 2007 ($288,142) were almost exactly the same as sold prices for the 4th quarter of 2006 ($286,742).  I pulled these figures from the Wasatch Front Regional Multiple Listing Service. Many local buyers are not taking advantage of lower interest rates because they are hoping that prices will come down.   Utah's economy is strong and Utah's population is growing due to births (54,000) and a net  influx of residents (25,000) from other states.  The bottom line is that it's a good time to buy because interest rates are low and you have more properties to choose from.  It's also a good time to sell because low interest rates results in more buyers who can afford the lower payments to buy your home. Other overpriced listings make your properly positioned home look like a real bargain.  Starting January 1, 2008 there has been a high volume of real estate property inquiries and showings.  If you would like a real estate market report and a list of homes that sold in your city, please email me at obateman@remax.net

What Are Your Needs?

Every visitor to this site has a unique need or situation.  For many people, all they need right now is a reliable estimate of what their home may be worth without any sales pressure (Free Online Home Evaluation with Accurate Sold Comparables). For others it may be that they want to be automatically notified of all new listings via email, so they can be first to see the ones they like.  Maybe you just have some specific questions about your situation and would like an expert response right away without any sales pressure (obateman@remax.net).

If you don't find what you need online I'm always happy to take your phone calls and share my knowlege and experience with you 801-706-1707.

Warmest regards,

Orren Bateman, Realtor, ABR, Certified HouseValues Professional

Virtual Tours of my listings can be viewed at www.obeo.com/orrenbateman

New Government Program to Help Homebuyers

Good News! Mortgage Interest rates are still low and Congress recently approved a $7,500 tax credit program for home buyers. Conditions apply so please call or email if you would like me to send you more details on this new homebuyer stimulus program.

Tired of Being a Landlord?

There's a way to own income property without the emotional drain of collecting rent and making repairs.  It also a great plan for storage unit owners who are tired of trying to stay one step ahead of vandals and burglers.  Did you know that you can do a 1031 tax-deferred exchange into co-ownership of income-producing commercial property with 6% to 9% cash-on-cash return on investment , and retain the tax benefits from depreciation deductions?  Contact me and I will send you some tenant-in-common ownership opportuities on a few outstanding properties.