Two Things to Look Out for in Wasatch Real Estate



The Wasatch Front real estate market is diverse with both buyers and sellers alike seeking a variety of different properties. As a prospective seller, you can find out the market value of your property with a free home value report right here, or if you're looking to purchase in the Wasatch Front area click here for full MLS access. Always feel free to reach out to us for any questions regarding the current market conditions, or the value of your property at 801-882-7427.
 
For this week's real estate tip I want to speak about two different things that have been affecting our market here in Wasatch. The spring housing rush has already begun, and it's only February, so let's get started!

I've noticed that a lot of people in the Wasatch area are either moving up or downsizing. I know these are two very different things, but nonetheless, we're seeing a lot of it in this market. Some people are realizing they don't need large homes so they're downsizing, and other people are taking advantage of low interest rates so they're investing in larger homes. If you're in one of these two categories give me a call and I can give you a little more information on what might be a good move for you. 

Whether you're wanting to move up or down, now is actually a phenomenal time to do so. New Fannie Mae and Freddie Mac requirements for down payments have dropped, and interest rates are dropping through the floor. These conditions won't last long, so if you're going to make a move, make sure you do it soon.