Why sould you buy a house now

WHY SHOULD YOU buy a HOUSE NOW?

Or should you???

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·?????? As of September last year homes sold for 98.7% of asking price. This means sellers are willing to offer discounts or negotiate

·?????? In September 2023, homes in Utah sold for?98.7%?of their listed price. This means that sellers are willing to negotiate and offer discounts.

·?????? The number of homes sold in Utah has decreased by 15.8%. This shows that there will be less competition between buyers, and they will have a broader field in which to find properties that meet their needs.

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When is the best time of year to buy homes in Utah?

Here are the four seasons of Utah explaining the differences in what you can expect from each one:

Spring:?The real estate market competition is high but open to lower asking prices. Home demand usually rises in this season.

Summer:?Summer is the peak season with an active housing market and competitive buyers. There is also a better inventory for buyers to choose from.

Autumn:?Fall has determined sellers who look to settle elsewhere before winter. That’s why they are open to negotiations and may accept lower asking prices.

Winter:?Housing prices are at their lowest. The festive season reduces the competition in the housing market, so buyers may get better home offers.

Condition of the housing market

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The current?real estate market conditions ?are becoming favorable for home buyers in Utah. Here’s how:?

Less competition.? The rates are higher than in the past 20 years. This thins out the buyers in Utah.

Lower list prices: The sellers are struggling to find buyers thus they are lowering the asking price.

More Options:

Higher rates cause buyers to be cautious about their decisions.? More time on the market for the home Seller.? We are up to an average of 42 days.

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Helpful tips when buying a home in Utah

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Buying a house is an exciting experience. But it can be stressful and confusing, especially if you’re doing it for the first time. Here are some tips to help you through it:

Meet with a lender you can trust, set a plan to home ownership. Know your credit score, save for down payment, get your Preapproval letter not a pre-qualified letter (there is a huge difference) Next find a good real estate agent who knows the business and works on your time frame.

Negotiate repairs if needed.? A good home inspector will tell you all the things about the house.

Lastly, ALWAYS do a final walk through before you close.

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So, Is Now a Good Time to Buy a House in Utah?

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Yes, this is the “best time” to purchase a house in Utah. Period!

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The last word!

My clients constantly ack me when the best time is to buy or sell a home.? My answer is always “When you need to.”

I also get “I wish I would have bought 4 years ago.”? My answer is always “Yes and 4 years from now you will say again “I wish I would have bought 4 years ago.”

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