The number of homes for sale in Spanish Fork Utah has really declined since December 2012.  The number of homes for sale in December was 311.  Thus, we have decreased by 36 homes for sale or 12%.  However, the inventory in May is typically much higher than we are experiencing.  This is a significant change that I have not seen before.  The Spring inventory is typically much bigger.  Even stranger is that about 30% of these listings are for home that are being built by builders like Edge Homes.

We are seeing a shift from the type of homes for sale.  For example we are seeing less Bank Foreclosures, short sales and HUD homes for sale in Utah County.   The number of short sales and bank foreclosures are decreasing.  The home owners are finally able to breathe after being smothered by distressed properties for the past five years.  The Spanish Fork Utah real estate market is finally stabilizing and improving.  The prices are on the rise and the market is the strongest it has been for five years.

Spanish Fork Real Estate Listing Inventory

The graph below shows the number of homes currently for sale by the home owner which is currently at 203.  Spanish Fork Utah currently has 68 short sales for sale and 2 bank foreclosures and 2 HUD homes.  Spanish Fork does not traditionally get very many HUD homes for sale.  The number of short sales and bank foreclosures has been declining throughout Utah County.

spanishfork-home-listings

Hire a Spanish Fork Utah Realtor

Are you looking for a local Spanish Fork Realtor?  Paul Teasdale has been selling homes in Spanish Fork Utah for 18 years.  Paul has lived next to Spanish Fork in Mapleton for about 12 years.  Paul is familiar with the schools, neighborhoods, restrictions, city and recreational activities.  It is often difficult to shop with a Realtor in Spanish Fork that is from Salt Lake City or some other area.  A local Spanish Fork Realtor can really help you find that piece of land or home you are looking for.

Would you like to see more statistical inventory data about each city:

Inventory of Homes for Sale in Mapleton, Utah

Inventory of Homes for Sale in Springville, Utah

Real estate industry is a people-oriented business. It may be quite hard to explain but sellers would like to know a little bit of a history of the possible buyer. There is this desire of knowing who would be the next owners of the home that they once owned. It is not being cynic but for some people, a home is not just a concrete four-walled structure but is a place where memories, success and failures are shared. In short, it could be other people’s sanctuary. The seller often wants to know who will replace them in the neighborhood.

If you really wanted to own a home in Spanish Fork UT, then try to establish a connection with the seller. If you are to write a letter of intent, show a tone of sincerity and genuine interest in it. Leave the seller the impression that you make a perfect buyer.

spanish-fork-home-for-sale

Some Details That Could be Included in the Offer Letter for the Property in Spanish Fork :

Basic information like who the occupants are, their relationship, age and the names.

A brief history about the home or homes that you previously own and any connection that you do feel with the home you are planning to buy.

It will also sound more sincere if you include your employment and education background and all the challenges you’ve met in the past that has brought you to where you are now.

Cite reasons why you have your eye on the property on sale.

Present a Good and Clear Offer for the Home

This sounds easy but it is actually quite difficult. More often than not, buyers get overwhelmed writing an offer and end up misses out on some more important points. If you think that there are some gray areas on the offer, ask your Realtor to check on it again. It is a no-no to miss out on clarity. Don’t get too careless with this or you are only opening the idea for the seller to send you a counter offer instead of the BIG YES on the Spanish Fork property you are considering. Should the agent prepare for a counter offer, terms and offers might be slightly modified or completely changed. Before you go ahead and present an offer, check out on all the angles and be sure everything is ironed out.

Consider these points in writing an offer letter:

• Make sure the address of the Spanish Fork, Utah property is correct.
• All financial details and transactions should be clear from deposits to balance and down payments.
• Check out on the date of closing and the terms of acquisition.
• Include any closing costs needed.
• Ask the seller to buy you a one year home warranty.  They typically only cost $350.
• Open a discussion on some possible changes in the contract.
• Simple details left out could possibly cause huge issues in the future so be clear on the aspects like Spanish Fork Utah escrow service and fees (like who has to pay for the charges, the buyer or the seller).
• Let a specific time or period for the seller to get back to your offer including who are to receive the answer who could validate the delivery.

While a buyer needs to make a real good appeal to its seller, a Realtor also needs to establish that good connection with the Spanish Fork UT listing agent as well. One of the common and biggest loopholes in most transactions in real estate is having not-so-credible Realtor.  Make sure you are working with a professional Realtor that has a good reputation in the Spanish Fork area.

If you are looking for a Realtor with credibility and experience, contact Paul Teasdale of Team Teasdale Realty. He has been in the real estate business in Spanish Fork, Utah for over 17 years.

Pleasant Grove Home for Sale

Writing an Offer on a Home in Eagle Mountain Utah

Lot for Sale in Spanish Fork Utah: MLS# 1084001

Prepared by Paul Teasdale 491-7653 www.UtahCountyListings.com

spanish-fork-lot-for-sale

Acres: 0.64
Frontage Faces: NE
Frontage: 0.0
Side Dim: 0.0
Back Dim: 0.0
Tax ID: 66-050-0236 INFO
Taxes: $852

Water: Stubbed
Utilities: Gas: Stubbed; Power: Stubbed; Sewer: Stubbed
Connect Fees: Gas; Power; Sewer; Water
Driveway/Access:
CCRs:

Land Use:

Terms: Cash; Conventional; Seller Will Subordinate

Lot Facts: See Remarks; Corner Lot; View: Mountain

Remarks: Desirable Spanish Fork Neighborhood. Why settle for a small lot when you can have a full .64 acres for a little more money than a small 1/4 or 1/3 acre. You may not need the land today but after you build you may want to expand your yard. How about a large garden, pool, gazebo, soccer field, shed, rv’s or playground. You will love your options down the road. Also, your appraisal values will be stronger on a larger lot. The price of this lot has been reduced. Lot backs up to bike/jogging path. Close to schools and city sports park. Buy a large lot while they are still affordable!

Search Lots for Sale in Spanish Fork Utah
Search Homes for Sale in Spanish Fork Utah

An earnest money deposit is usually required when making a home purchase in Spanish Fork, Utah.  This should not however, be confused to be the down payment for the purchase.  The earnest money deposit is an amount of money that the buyer is putting on the table to secure the contract for making the purchase.  It is a way of telling the seller that the buyer is serious about making the purchase in Spanish Fork.  Once the purchase is finalized, this earnest money deposit is usually included as part of the down payment.  If the transaction is cancelled, it is usually returned to the buyer.  If the buyer has broken a contingency in the real estate purchase contract this money could be owed to the seller.  Keep in touch with your Realtor and they will help you understand the contingencies and deadlines in your REPC (real estate purchase contract).  In my opinion more than 95% of earnest monies are returned to a buyer in your typical real estate transaction in Utah County.

How much should the earnest money deposit be on a home in Spanish Fork, Utah?

There is not set limit as to how much an earnest money deposit should be in Spanish Fork UT.  It changes depending on the market situation and other factors as well.  For example, if it is a seller’s market, buyers would be willing to give a bigger earnest money deposit in order to entice the seller to choose their offer over the other buyers who are interested in the property.  On the other hand,   if it is a buyer’s market, the seller in Spanish Fork might be willing to accept a lower amount since there are very few offers coming in anyway.  In some cases, the earnest money deposit would depend on the agreement.  Some contracts contain a clause for liquidated damages that puts a limit on the seller’s responsibility at 3 percent of the final purchase price in the case of a default.  In this case, the buyer usually just matches the seller’s responsibility and puts up an earnest money deposit of 3 percent of the list price.  Just remember that the earnest money deposit, just like any other amount in real estate, is negotiable.

It is uncommon to see a $500 earnest money deposit.  The typical deposit you see is $1,000 on a home in Spanish Fork.  If the home is over $200k you may see the deposit go up to $2,000.  The amount of money a buyer puts down as an earnest money deposit is up to the buyer not the Realtor.

Who Holds Your Earnest Money Deposit?

Some people wrongly assume that the earnest money deposit is to be given to the seller in Spanish Fork, Utah but this is not the case.  On the contrary, you should never give the deposit to the seller.  It is much better to give the deposit to a reputable or reliable third party to the transaction such as a highly regarded real estate brokerage firm, a reputable law firm, a well known escrow company, or a trusted title company.  But even if you use a reputable third party, you should still make sure that they put your earnest money deposit is a trust account and you should still get a receipt.  Make sure you know where your earnest money deposit is being held.  The safest place to hold a deposit is with your Realtors brokerage.

Can you get a refund on your earnest money deposit?

This will greatly depend on your contract so make sure you read through it and fully understand it before you sign.  Laws regarding this are different in every state.  Last year I sold 68 homes and not a single person lost their earnest money deposit.  If you watch your dates and understand your terms you will be fine.  A buyer that loses their earnest money deposit should know long in advance the risk they are taking once they pass a deadline and contingency.  It would be very uncommon for the loss of an earnest money deposit to be a complete surprise.  Remember to hire a trusted Realtor in Spanish Fork or Utah County that will protect your earnest money deposit.

Every state has different laws regarding your earnest money deposit. If you are moving to Spanish Fork Utah and you are from another state, you might want to consider getting help from a Realtor.

Writing an Offer to Purchase a Home for Sale in Springville Utah
Getting a Loan on a Home in Mapleton Utah

Vancouver BC Furnished Apartments

How things have changed in the Spanish Fork Utah market over the past few months.  Currently we have 399 homes for sale in Spanish Fork Utah and 108 are Under Contract.  The market is hot in Spanish Fork!  The real estate market is really moving across all of Utah County.  The northern part of the County is a little hotter than the southern part of the County.  This is has been a typical trend over the past 20 years.  When the market heats up Southern Utah County is on simmer.

The market is healthier than it has been in the past five years since the economic depression started.  Our area has really gone through some rough times with a ton of bank foreclosures and short sales in Spanish Fork Utah.  However, the Spring is here and things are changing.  Interest rates are low and hovering around 4%.

The number of homes for sale in Utah County has dropped from around 4,000 homes for sale this time last year to 2,798 home for sale today.  The inventory is declining and the percentage of sales is rising.  The chart below represents active listings in Utah County and the percentage of listed homes that are selling each month.

spanish-fork-utah-active-listings

The listing inventory has fallen off a cliff.  If listing inventory drops and the number of buyers increase we will see a major market shift.  This is simple economics of supply and demand.  Many of the homes we had listed in the $150-$200k price range in Spanish Fork have sold and closed in the first quarter of 2012.

The Number of Homes Sold in Utah County is Increasing

Inventory is decreasing and the number of homes selling each month is increasing.  We had about 370 sell in February of 2012.  This number beat 2011, 2010, 2009 and 2008.  We are closing in on the 440 homes that sold February 2007.  The real estate market in Utah County is looking very strong.

spanish-fork-utah-units-sold-all-residential

Buying a Home in Spanish Fork Utah

If you are looking to buy a home in Spanish Fork, Utah in the next few months be sure to use our listing database.  This list is updated every day with new listings.  It has all the listings for sale with Realtors in the state of Utah.  If you wish, this service will email you the new listings that come for sale in Spanish Fork or any other city in Utah County.  Search Homes for Sale in Spanish Fork Utah.

Mapleton Utah Real Estate Market
Springville Utah Real Estate Market

Experienced real estate agents in Spanish Fork, Utah give the service that they give because they love selling homes.  Less experienced or “new” agents usually suffer from many rookie mistakes that may cause them to leave the real estate market altogether.  This is because the real estate market is extremely competitive thus allowing only the best and most dedicated agents in Spanish Fork, UT to stay in the game for a long time.  Thus, if you are looking to hire a real estate agent, you might be better off getting an experienced Realtor rather than a newcomer.

Here is a list of agents in Team Teasdale Realty that have been continually selling homes in Spanish Fork, Utah:

Paul Teasdale has been selling homes in Spanish Fork for 17 years.
Dave Teasdale has been selling homes in Spanish Fork for 8 years.
Ken Bulpitt has been selling homes in Spanish Fork for 4 years.

How much experience should your Spanish Fork, Utah
Realtor have?

You would be well served to ask your real estate agent how many times he has renewed his license instead of just asking him how much experience he has.  This will give you a much clearer view of how long he has been working as an agent in Spanish Fork Utah and  how much work he has done.  Take note though that the terms for licenses differ by locality.  Some locales require agents to renew their licenses every two years while others require real estate licenses to be renewed only every three years.  There are also some locales who give their real estate agents four year terms which mean that agents only need to renew their licenses every four years.  Utah requires Realtors to renew their license every two years.  They require Realtors to get 18 hours of continuing education.

spanish-fork-realtor

Skills of your Spanish Fork Realtor

Experience grants agents in Spanish Fork, UT many skills which translate to better service and better results for you, the client.  Furthermore, experienced agents offer benefits that are almost impossible for new agents to provide.  Some of these benefits include: solutions to problems that were borne out of actual previous situations that the agent had overcome, anticipation of problems that might crop up, practical and effective negotiation skills, referrals to reliable suppliers, contractors, inspectors, and other services, deeper and personal understanding of the real estate market in Spanish Fork Utah, access to statistical and market data of the area, and a trusted reputation.

Importance of experience for Realtors in Spanish Fork, Utah

The importance of experience for Realtors is further brought to light by the adage that says that only 10% of the Realtors get as much as 90% of the total business in the real estate industry.  This is because the 10% represent the real estate agents that have the much needed experience to perform well in real estate and to be consistent and reliable for their clients in Spanish Fork.  Experience helps agents to become much more organized in both their time and their activities which allow them to become much more efficient than agents who are new to the industry.  It also allows Realtors to become experts in marketing to potential buyers in Spanish Fork, UT and to develop the patience that is needed to follow through on a sale or to resolve conflicts that may arise.  Additionally, experienced agents know that to become successful they need to continue to grow professionally and that they need to learn new things regularly.  They know that the best way towards their success is through helping the client become successful too.

Choosing a Realtor won’t be too difficult. Just call Paul Teasdale who has over 17 years of experience in selling homes in Spanish Fork Utah. If it’s experience you’re looking for hire Team Teasdale Realty.

Homes with outdoor kitchens are gaining popularity in many parts of the country including Spanish Fork, Utah.  This makes sense because more and more families in this modern age are gravitating toward entertaining guests, friends, and family outdoors.  Unfortunately, it is still common for people to think of that old and weathered grill that blows dark smoke all over the yard.  Fortunately, new and modern outdoor kitchens in Spanish Fork Utah are much more than this.  They come with a host of different amenities which make them much more efficient than old fashioned outdoor kitchens and much more visually appealing as well.

Value of Outdoor Kitchens in Spanish Fork, Utah

An outdoor kitchen can add a lot of value to a home in Spanish Fork, Utah.  In fact, the National Association of Home Builders says that an outdoor kitchen can increase the purchase price of a home by as much as 130% of the cost of the kitchen.  This could be a significant amount because brand new outdoor kitchens in Spanish Fork can cost anywhere from $3,000 to $100,000 depending on the amenities included and the amount of improvements it has undergone.   So be alert when checking out a home with an outdoor kitchen in Spanish Fork, UT.  Don’t immediately assume that the outdoor kitchen is included in the listed price.  The amenities and appliances can be easily moved and thus may not be part of the sale.  Check with your Realtor if you are interested.  You may also want to check on the warranty of the appliances that are included.  These appliances are rarely brand new so make sure you know how much depreciation they have already incurred.

Benefits of Outdoor Kitchens in Spanish Fork, Utah

A homeowner in Spanish Fork Utah who has an outdoor kitchen can look forward to a lot of benefits.  First, outdoor kitchens provide the opportunity to make cooking a more social activity.  It allows the homeowner to cook and grill meals without being left all alone in the kitchen.  It creates an atmosphere where family and friends can share a good time while enjoying good food and fine weather.  Second, an outdoor kitchen will help keep your home in Spanish Fork easy to clean because it is much easier to clean up outdoors than in.  A messy indoor kitchen is a pain to maintain while an outdoor kitchen is easily cleaned with just some sweeping and washing off.  Third, an outdoor kitchen will not heat up your home the way an indoor kitchen will.  Because you cook outside, the heat from the grill and other kitchen appliances will not affect your indoor cooling system.  This will save you money on electric bills in the long run.

Outdoor Kitchen Amenities in Spanish Fork, Utah

The grill is almost always the star in any outdoor kitchen in Spanish Fork Utah.  It can cook a variety of foods and it comes in many different designs and sizes.  There are also many quality brands to choose from.  Just make sure to check if the grill you have your eyes on has an exhaust hood or not; if it doesn’t, check to see where the smoke will blow.  You will want to make sure that it does not cause any problems with the neighbors in Spanish Fork, UT.

If you love your kitchen, make sure that you call Team Teasdale Realty; they will be able to present you homes or houses with the outdoor kitchen that you want. Paul Teasdale and his 17 years of experience selling homes in Spanish Fork will assure you don’t have to sacrifice your grill and barbecue parties when relocating in Spanish Fork, Utah.

Deciding to buy a house maybe one of the most difficult decisions you will make in your entire life.  It is a serious matter that needs a thorough study for a wrong move could turn everything into nothing.  It is not a trial and error way of doing things; it should be an intelligent decision by a smart person.

You may be encountering a multitude of houses for sale and you may end up doubtful and speechless trying to choose the best one.   Try pondering on the following points that are most commonly considered by people who buy houses in Spanish Fork, Utah.

People Buy a House in Spanish Fork, Utah Because They Need a Home

Everybody needs a house.  People buy a house for their family and it serves as a comfort zone to many people.  It is where you go when you’re happy or when you are sad.  It is where you find the security that you need from all the stressors that confront you.  It is where you find peace and comfort that you always look into at the end of each day.  A house is more than just a structure because for some, it is a home.  That is why they look for a location that best fits to what they need and they look for a structure similar to a Spanish Fork house which at the first glance is obviously the best.    A dream house is where people feel the security that they need and the relief they look for after a whole day of work.  A house is a basic necessity for people to survive.  At the end of your stressful day, would you give up the chance to relax in your very own house?

People Buy a House in Spanish Fork, Utah for the Offer is Great

Can you resist buying a home in Spanish Fork Utah?  Sellers could be migrating to other places or had purchased another and they have to give up one.  They could be in the midst of a problem and selling the house is the only choice left that would lessen or probably solve their crisis.  The urgency of the reason behind selling the house determines its selling price.  If the need of the seller is immediate, then there is the possibility that the selling price becomes flexible.   The price could even be negotiated if the seller is really in a hurry to dispose the property. If you are lucky enough to meet one in Spanish Fork Utah and the price is great, would you resist the offer?

Short Sale homes for Sale in Spainsh Fork, Utah
Bank Foreclosures homes for sale in Spanish Fork, Utah

spanish-fork-home-esther_ridge

Buy a House in Spanish Fork, Utah 

Do you know that many people are in the same situation but are successfully turning the problem into a big opportunity?  They look at it as an investment where they can later gain profit.  Many houses in Spanish Fork Utah are being sold at very reasonable prices.  Many are attracted to buy because of the beauty of the houses and of the location.  Given the potential of the locality, purchasing a property then selling it is one of the best ways to earn a huge amount of money.   Spanish Fork could offer what you can imagine and the best that you can do is to take advantage of the opportunities being presented right before your eyes.

It should always be remembered that successful people take a lot of risks.  If you are looking for your dream home at Spanish Fork UT, then make sure that you give Team Teasdale Realty a call. Paul Teasdale has been selling homes in Spanish Fork Utah for over 17 years and he knows which neighborhood your dream house sits! Give them a call now and enjoy your new home.

Spanish Fork Home for Sale: MLS# 1070013

Prepared by Paul Teasdale 491-7653 www.UtahCountyListings.com

spanish-fork-2-story

Total Sq Ft: 2016
Total Beds: 3
Total Baths: 2.00
Family Rooms: 0
Fireplace: 0
Garage | Car Port: 2 | 0

Year Built:  2004
Taxes: $1,289
Acres: 0.18
HOA Fee: $0
Construction Status: Blt./Standing
Finished Basement: 0%

Exterior: Aluminum/Vinyl; Stucco

Lot Facts: Corner Lot; Fenced: Part; Sprinkler: Auto-Full

Inclusions: Range; Range Hood

Features & Info: Bath: Master; Closet: Walk-In; Dishwasher, Built-In; Disposal; Range: Gas; Range/Oven: Free Stdng.

Remarks: See 30+ Photos, Large Open Family Room, Vaulted Ceilings, Corner lot for easy access to back Yard. Room to Grow in the Basement. Cheaper than Building. Easy to Show.  Virtual Tour of This Spanish Fork Utah Home

The number of homes for sale in Spanish Fork, Utah is declining along with the number of homes for sale in Utah County.  The number of homes for sale in Utah County has dropped to a staggering 2978 homes for sale.  This is the lowest level of homes for sale in over five years.  The chart below represents the number of active homes for sale each month in Utah County over the past five years.  Notice the purple line.  This is the number of homes available in 2011.  This line has been sharply charting down.  Buyers are buying because of low interest rates, amazing deals on bank repos, hud homes and short sales.  Many of the best buys are gone and the market is starting to show some life after five years of being pounded.

spanish-fork-utah-homes

Inventory is Declining in Mapleton and Payson

The declining inventory trend is also occurring in Mapleton and Payson.  The number of homes for sale in Mapleton is down to 65 and the number of homes for sale in Payson has declined to 109.  This is a very positive sign for those that are wanting to sell and have been waiting for the market to stabalize.

Search Homes for Sale in Spanish Fork Utah

If you are looking to buy a home in Spanish Fork and are looking for a Realtor consider contacting Paul Teasdale of Team Teasdale Realty.  Feel free to search our database of homes for sale in Spanish Fork Utah. This database is a live feed from the Realtors MLS and has all 314 homes for sale in Spanish Fork Utah.  You will also be able to search all 2978 homes for sale in Utah County.