Momentum for Cache Valley Real Estate

It seems to me that the winter Logan Real Estate slump is coming to an end. Homes are starting to sell again, and buyers are overcoming fears and acting. It seems like a lot of this increased activity is with first time home buyers, but when the first time buyers purchase homes, the existing sellers can move on and then purchase more expensive homes. It's a cycle that has to happen if we want to make all the sellers out there happy again.

An agent in my office had some buyers with a list of a dozen homes they wanted to see this weekend. By Tuesday, four of these properties were under contract. Another one went under contract today, and these buyers plan to write an offer on one of these homes this afternoon. So from the list of 12 homes these buyers were interested in last week. Half of them could be off the market this week.

Here are some of the reasons why the Cache Valley Real Estate market is picking up:

There are more Cache County Homes on the market than ever before for March. Buyers have the power and have lots of selection. They are able to find what they are looking for.

Cache Valley Homes are affordable: The median price of homes sold is less than $180,000.

Mortgage interest rates for purchasing Cache Valley Utah Real Estate are the cheapest they've ever been. Interest rates on 30 year fixed mortgages can be obtained for less than 5%. For those that qualify, it is cheaper to own than to rent an equivalent home.

Logan Real Estate offers excellent grant programs and tax credits for first time buyers. If a first time buyer bought a new home in Logan they could also qualify for $8,000 from the federal first time home buyer tax credit, the $6,000 Utah new homes grant, plus other local Neighborhood Non Profit grant programs may also be available.

If you are ready to buy Real Estate in Logan UT, contact a Cornerstone Real Estate Agent today.