Archive for December, 2008

Lehi Home Values

Thursday, December 11th, 2008

Hello.

I am Aaron McIntire of Realty Advantage. Many of my Utah real estate clients ask me how Lehi home values are determined for Provo homes. The value of Alpine and Cedar Hills properties are typically determined by either an appraisal or market analysis.

An appraisal is conducted by a certified Utah real estate appraiser. It is usually done at the request of a Lehi buyer or lender. The appraisal amount is a certified valuation of a American Fork home or Alpine condo.

The comparative market value of your Provo home is an informal estimate by a Utah real estate agent. It represents the price a buyer is willing to pay, or to look at it another way, the price for which a house is likely to sell in the current Lehi real estate market.

Of course, you can do your own research and get a sense of your Lehi home’s market value, but you need to realize that listing prices are not a true reflection of the Utah housing market. Some Provo homes are listed too high and are eventually lowered or taken off the market. With my extensive experience listing and selling homes in the Lehi area, I am in the best position to know a true Provo home value.

If you are thinking about listing your American Fork home or Cedar Hills investment property, give me a call at 801-407-3053 for a no-pressure market analysis.

Aaron McIntire
Realty Advantage

Foreclosure Deals in Lehi

Monday, December 8th, 2008

A lot of Lehi, Utah people are talking about foreclosures in the Lehi area these days. Even the local Provo news is painting a picture of mass foreclosures and mortgage trouble for Lehi, Utah.

What is really going on in our local Provo real estate market? Is it as bad as you have been reading? The truth is, everyone has been effected by the current market conditions, and the Provo real estate market is no exception. And while it certainly sounds bad for Provo, the news is not all bad.

Foreclosure is a terrible thing if you are the one being foreclosed. However as a Lehi, Utah real estate buyer you have a unique opportunity to both get a great deal and even help someone out. Lehi, Utah home owners who are in danger of foreclosure may also be looking for a buyer. In some cases, a foreclosure deal might represent an opportunity to purchase a property at a lower cost and lease it back to the current tenants.

There are lots of options in an Lehi foreclosure deal, and many of them are win-win for both parties. Our current Provo real estate market conditions may seem treacherous, but there can be a silver lining.

As a real estate agent for Realty Advantage, I specialize in helping people like you negotiate the terms of a Provo real estate foreclosure deal, including foreclosure deals where both parties are interested in walking away feeling good about what just happened.

Foreclosure in Lehi, Utah is no fun, but it doesn’t have to be a bad deal.

If you are in the Provo real estate market, and have questions about the opportunities foreclosure represents to you, whether a buyer or seller, give me a call. I’ll be happy to review your situation with you and recommend options. As a Provo real estate agent, I am approached by parties from both sides, and am in a great position to help you find the right solution.

-Aaron McIntire, Realty Advantage, 801-407-3053