Salt Lake City Homes for Sale-- New Homesteps Incentives

HomeSteps is the second largest owner/seller of single family real estate in America. It is a service brand of Freddie Mac.  Homesteps is charged with selling Freddie Mac foreclosures in several states.  In Salt Lake City Homesteps has sold 20 properties this year, and is expected to sell many more in the years to come. 

There are many Salt Lake City homes on the market--currently 10 are Homesteps properties.  Why would a Salt Lake City Home Buyer consider purchasing a homesteps home?  Because the prices are usually below market value and unlike some distressed properties, the process is very streamlined and efficient.  

Other reasons to consider a homesteps home:  Prices are usually negotiable, and from now through January 31st, 2009 Homesteps is offering to pay up to 3.5% of the purchase price for buyer related closing costs. 

How do the current listings compare to other Salt Lake City Homes?  Here are a few examples:

1,876 sq ft home in West Jordan that sold 1 year ago for $198,000 is currently listed at $165,900--based on comparable Salt Lake City home sales, this one comps out at $195,000 today.

1,841 sq ft Sugarhouse Home with a tax assessed value of $221,000 is currently listed at $180,500--based on comparable Salt Lake City home sales, this one comps out around $245,000.

6,898 sq ft brand new Herriman Cove home with a tax value of $618,000 and a former new construction listed price of $850,000 is currently listed for $439,900.  When this home was finished, we sold 3 new construction homes in Herriman Cove all between 3,500-3,800 sq ft for $405K to $437K so this is an incredible Salt Lake City Home buy. 

If you'd like to know more about Salt Lake City Homes, and especially HUD or Homesteps homes, please visit this informative Salt Lake City home site.