Salt Lake Foreclosures In Riverton UT-What They Sold For!

Salt Lake Foreclosures In Riverton UT-What They Sold For!

Trying to figure out how to price an offer on Salt Lake foreclosures in Riverton UT?

It's easy; Check this out.

Identify foreclosures in Riverton UT that have sold in the last 30 days. Don't include short sales or any other pre-foreclosed homes or condos. Only include homes that are real foreclosures. Houses that are owned by the bank or corporate investors through the foreclosure process. These are sometimes called REOs.

Put together a narrative of each home sale, describing age, size, asking price, sold price less any seller paid concessions, lot size, price paid per square foot, etc:

Now you have information to help you compare what the home you are looking at is worth as opposed to homes that have actually sold.

In the last 30 days there have been 3 Riverton Foreclosed Homes actually close.

Riverton Foreclosures:

Foreclosure A is a 30 year old 2,008 sqft single family Cape Cod style foreclosure in Riverton in the Western Charm neighborhood. The home was listed for $165,000 and sold after 8 days on the market for $160,000. There were no concessions. The $5,000 discount represents about a 3% deviation from the listed price. Price per sqft was $ 79.68.

Foreclosure B is a 4 year old 3,610 sqft Riverton UT Rambler in the Monarch Meadows subdivision. This foreclosed home listed at $225,000 and sold and closed in 35 days for $257,500 dollars less $8,995 in seller paid concessions, for a net price to the bank of $248,505. This was over 10% of the listed price of this Riverton foreclosure and brought the price per sqft to $68.84.

Foreclosure C is a 3 year old 5,504 sqft Rambler on a third acre in the Castle-wood Estates area of Riverton Utah. This Riverton Rambler was listed @ $379,900 and sold in 20 days for $379,900 w/ concessions of $6,000. Net to the Bank was $373,900, which was less than 1.5% discount. That's $67.93 per sqft for a foreclosed home in Riverton Utah.

This is by no means the best way to determine an offering price. It's just easy.

What's the best way?

Call your Realtor. Ask them to prepare a CMA, (Comparative Market Analysis) so you will know exactly what that property is worth.

If you don't have a Realtor and would like to discuss making an offer on a Salt Lake Foreclosure, give us a call @ 801-567-0946.

To search for Salt Lake Foreclosures in other parts of SLC, check out Salt Lake Foreclosures and find hundreds of Bank Owned Homes, from North Salt Lake to Draper Utah.

If it is information you need visit Salt Lake Real Estate and check out articles, tips SLC Blogs about a variety of subjects that will make your home buying experience easier.

Or you can just call and talk about Salt Lake foreclosures in Riverton Utah ;what they sold for and Why.

Published Friday, October 16, 2009 4:11 AM by Corie Seymour