Chris Sloan Tooele Real Estate

Homes for sale in Stansbury Park are eligible for a little known "0" Down program. Add to that, a $7,500 tax credit for First Time Home Buyers and you may have a home buying strategy that wont need a government bail out.

Were going to call this 2 part strategy the "Stansbury Park Patriotic" plan, because it helps folks looking for that first home, that have EARNED their part of the American Dream by having good credit.

Part 1. The $7500 tax credit for qualified home buyers is part of the new H.R.Housing Recovery Act of 2008. Here's a quick overview of the act. ( I don't give tax advise, you may want to check with your accountant.)

a. First Time Home Buyer means you can't have owned a home for the last 3 years.

b. The amount of the credit is 10% of the purchase price, with a maximum of $7500.

c. Full credit applies to single folks making $75,000 or less. $150,000 for marrieds.

d. Tax credit is paid back over 15 years, so it really acts like a 15 year interest free loan.

e. You reap the benefits when you pay your taxes each year. WHAT A DEAL!!!

Part 2. The "0" Down part, is our secret sauce. You have to call us to get that information, but there are no strings attached, we'll tell you how it works regardless whether we represent you or not. HONEST!!!

In fact I have another secret. The "plan" doesn't just work in Stansbury Park. The no down payment $7500 tax credit combo works in Tooele City, Grantsville, Erda, Stockton, Lake City, Actually anywhere in Tooele County.

To see homes for sale in Stansbury Park, go to Stansbury Park Homes for Sale you'll see photos, prices, maps. addresses, in fact the same kind of information Realtors look at to help you search for a new home.

Just give us a call @ 435-840-5029 we'd love a chance to earn your Real Estate Business and to discuss how you can take advantage of the Homes For Sale In Stansbury Park "0" Down Plan + $7500 Tax Credit.

Tooele County Short Sales are likely to become Bank Owned Homes.

At least thats the conventional wisdom.

I'm not so sure. We just don't have as many out here, and with few exceptions, they are houses with great promise at a good price.

What brings this up, is Cories article last Tuesday, out of our Salt Lake Office, that quotes the NAR, and Realty Trac as projecting that as much as 35% of all the homes for sale across the U.S. will soon be "Bank Owned". That of course assumes that a particular market has a large number of homes for sale as short sales, they don't sell, and the bank forecloses. ( read REO Boom).

Just to prove my point, I investigated the distressed property in the major home selling areas in Tooele County, IE: Stansbury Park, Tooele City, Grantsville, Erda & Stockton UT.

This is what I found !!!

Tooele County:

There are 625 homes or Condominiums listed for sale on the MLS in Tooele County.
48 of those homes or condos are either Bank Owned, HUD Homes,or Short Sales.
This represents only 7.6% of the homes listed.

Stansbury Park:

There are 129 homes or condominiums listed for sale on the MLS in Stansbury Park.
Only 6 of those houses are distressed property.
Those 6 homes are less than 5% of the inventory of homes for sale in Stansbury Park

Grantsville UT:
Grantsville UT has 115 homes or condominiums listed for sale across the WFRMLS.(MLS).
Seventeen of these listings are distressed homes.
Those seventeen homes represent almost 15% of the homes for sale in Grantsville.

Erda, Lakepoint, UT:
There are 23 properties listed in the Erda, Lakepoint areas.
None of these homes are Bank Owned ,HUD Homes or Short Sales.

Observations:

It is very unlikely that Tooele County will find itself in a position any where near what the NAR, and Realty Trac were suggesting in Cories blog.
Only Grantsville approaches the negative numbers that seem to be the norm in parts of the country. Even that number of 15% would not be considered a problem number in parts of California, Arizona, Nevada, and Florida, where percentages of pre-foreclosures often reach 40% to 50%.

Keep in mind, that the stats we have used are from the Wasatch Front Regional Multiple Listing Service (MLS) and do not include either Homes For Sale By Owner (FSBOS), or most of the New Construction Homes. Even though most FSBO homes are eventually sold by a Realtor, they are not initially listed on the MLS. New Home Builders like you find in Stansbury Park, IE: Ivory Homes, Richmond America, Symphony Homes and Fieldstone Homes sell from models, and like to control representation through their own sales people.

To see the over 600 homes for sale in Tooele County, stop by our website @ Tooele Homes For Sale and get photos, prices, maps, addresses and most of the information your Realtor uses to search for homes.

If you would like to talk to someone about the New Homes, Town-Homes, or Condos in Stansbury Park, give us a call @ 435-840-5029. We can also tell you which Tooele County Short Sales may be Bank Owned.

This Report on Homes For Sale -Stansbury Park Real Estate Information as supplied by the Wasatch Front Multiple Listing Service (MLS) has revealed some interesting tidbits that could help in the search for a new home to buy, an Investment to make or in evaluating the effectiveness of your agents marketing campaign.

This report from the MLS, is using the new Beta report system, so we expect some glitches, but we'll make do. In the long run we are sure the new system will help us continue to bring you the most up to date and helpful Real Estate Information available.

The statistics presented in this report are supplied by the WFRMLS. Any commentary or opinions expressed here are just that and reflect the thoughts of Group1 or its agents, and should not be considered legal or accounting advise.

As of 9/02/08 there were 130 homes and condos for sale in Stansbury Park. The homes range in price from a very modest $119,999 to a high of $494,000. Average price of a 3 bedroom 2 bath home in Stansbury listed for sale is $269,938. The median price is $254,949 as reported by the MLS.

Additional information can be gleaned from the following statistics.

STANSBURY PARK HOMES FOR SALE ( Listed ) 9/02/08

Analysis of the numbers in the MLS report show that Stansbury Park is a predictable and manageable market in that the homes for sale mirror houses sold and contracts written. In other words, the price of homes for sale match the price home buyers are paying for product in this area. For sure Stansbury reflects the buyers market that we find ourselves in, as the overall days on market of those homes currently under contract are more than you would find in a normal market. (133 DOM).

As usual we should point out that these stats do not include all of the homes for sale by owner, (FSBOs) as many owners try to sell their own houses with out listing on the MLS. Surveys show that most of these homes are eventually sold by local Realtors but may not show up on the MLS reports.

The same is true of new construction. Most large builders of New Homes employ their own agents to represent them from model homes to ensure they receive the type of representation they require. If you are thinking of buying a New Home you probably consider your own rep. To find out more about that go to my website and click on your new home agent.

Stansbury Park data is more impacted by not counting new construction in sales information as new homes, condos, and Town home sales make up a significant number of total sales in the area.

Sales from New Home Builders projects like Benson Mill Crossing by Ivory Homes, and Stansbury Place, a Fieldstone Homes project and the ever present Richmond American that has been building and selling homes in Stansbury for a long time, certainly distort and minimise the upbeat Real Estate market in Stansbury Park.

We hope this information has been helpful to you as you investigate the Real Estate potential in this part of Tooele County.

To check out all of the homes for sale in Stansbury Park, or for that matter, Tooele County, stop by our website at .Tooele Homes. You'll have access to prices, photos, maps, prices and other valuable information to assist you make any decisions.

If you would like to talk to someone, call us at 435-840-5029, we can talk further about those 130 Homes For Sale in Stansbury Park -Real Estate Information Report.

This month we report on the 626 Tooele, Stansbury Park Grantsville UT, Homes for Sale,using the new MLS reporting system. It's still in the Beta stage, so there still may be some bugs that need to be worked out. The intent is to give home buyers and sellers as well as Real Estate Investors looking at Tooele Homes for Sale, more complete information in a more timely manner.

Prices of the 626 homes for sale range from $44,900 for a mobil home on a foundation, to $895,000 for a ranch in Grantsville.The average price of a Tooele Home is $266,995 dollars, with a median price of $228,950

This September 1, price information makes more sense if it is evaluated against the backdrop of previous quarter sales prices. IE: Second quarter median home price in Grantsville was $218,000; Tooele $180,000.

The Report will include all of the homes/Condos for sale in Tooele County that have been listed on the Wasatch Front Multiple Listing Service (MLS).

As in previous reports, we are unable to include those homes for sale by owner (FSBOs) as many home owners do not put their houses across the MLS. Even though most of these homes are sold by local Realtors they do not show up on this report.

The same is true with new construction. Builders of new homes generally prefer to employ their own representation in the form of model home sales agents, to make sure that the interest of the new home builder is foremost in any negotiation. With that in mind you should check out use you own agent In the report we have listed the number of homes for sale in $50,000 increments. This information helps home buyers evaluate the number of homes for sale in a particular price range. Sellers can benefit from this report by outlining competition in a particular price range, this aids in the listing process.

Finally, to help home sellers evaluate the effect of the marketing plan for their home, or for buyers to determine the amount of market pressure that is being brought to bear, we are noting days on market information.

Based on the previous chart, it is obvious that the greatest number of homes for sale in Salt Lake are in the $150 to $200 thousand dollar range (26%) closely followed by those houses and condos priced from between $200 and $250,000 dollars. (20%).

Five hundred five of the 626 S.L. homes for sale are between $150,000 and $400,000 which is about 80% of the entire housing inventory in Salt Lake.

We hope this information is helpful, and we have in some way assisted you in your search for a new home, or helped you sell your current one.

To view each of the 626 homes for sale in Stansbury Park, Tooele, or Grantsville stop by our website@ Tooele Homes For Sale and you can see photos, get prices and maps and basically access all of the tools used by local Realtors.

If you have other questions about this report, give us a call @ 435-840-5029, and let us know what you thought about our Real Estate Report - Tooele, Stansbury Park, Grantsville Utah homes for sale.

Published Monday, September 01, 2008 4:01 AM by Chris & Berna Sloan

Finally, Real good economic news about a lot of things, coming from Utah.

At least coming from a Utah authority, and Guru, about Real Estate, Finances, Interest Rates, Job Growth and just about anything having to do with money and whats going to happen to it.

Corie, on her Salt Lake Real Estate blog published an introduction and link to Jeff Thredgolds newsletter "Tea Leaves, The Guide To Understanding Today's Economy" for her clients, and I thought it was a very good Idea.

In today's environment, where every thing in our Industry seems to be doom and gloom, IE: homes are difficult to sell, home mortgages hard to pay, and for home buyers looking for mortgage money, harder to get. Jeff takes a novel approach.

Twice a year, "TEA LEAVES" deals only with economic "GOOD NEWS".

This issue actually lists 46 items that are absolutely good news. You'll be surprised, I was. And I am almost twice a year. (when Jeff publishes his good news issue).

Some positive economic news has to do with....

The rise of house hold incomes.

How we stack up on charitable donations.

House Hold income on the rise?

Rate of Home Ownership in the U.S.

You can go directly to Jeff's newsletter by clicking on Tea Leaves. You'll get a sense of why he was such a popular Utah resource for so many years.

I know you'll enjoy this issue, and I would encourage you to subscribe, it's good stuff..Just remember, it's real good news about the economy from Utah.