Real Estate over the past few years has changed significantly. The value and perceived value of owning a home has changed. The agents, title companies, mortgage companies, have all been forced to leave the business. Market Source Real Estate still stands strong and ready to provide exceptional service to its clients. This blog is here to discuss all the many changes of the real estate market and be a resource for anyone interested in real estate.
Tuesday, June 1, 2010
Short Sales on the rise in Utah
In case you haven't hear the news lateley, short sales in Utah are on the rise. In Salt Lake County Alone in March there were 1,650 short sales. That is 22% of the ALL the homes on the market. The good news is that the banks have finally figured out that they have to deal with the short sale process rather than waiting for the market to return. Now is the best time in recent years to get a good deal on a property in Utah. Prices have fallen, sellers are motivated, interest rates are still low for those that qualify (more on this later).
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