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We hear buyers say two things in our real estate market: 1) I’m not in a hurry 2) I’ll wait for the right house to come along.
Unfortunately, our market doesn’t cater to the needs of buyers, and you shouldn’t wait to purchase a home. The market moves at it’s own speed, and it’s not going to slow down just for you.
Home prices are rising astronomically, and this drastic appreciation usually hits its head from March to July. This means that homes are getting more expensive the longer you wait.
Yes, a home currently listed at $300,000 would be selling for $330,000 in June. This is exactly what happened last year. Can you afford to wait?
The reality is that you need to rush if you want to buy a home this year. This is not a sales pitch, this is the honest truth about the market in Salt Lake City. Inventory is incredibly low right now, so if you see a home you want, you need to jump on it. There are only 35 homes listed over $600k with 3,000 sq. ft. and a 3 car garage. This is including all of the Wasatch Front!
You need to have a sense of urgency when you buy, and I’m not trying to scare you into buying a home. This is what you need to do if want to buy a home this spring.
