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Springville, UT Real Estate News

By Katerina Gasset, Amplify Your Real Estate & Life Dreams!
(The Gasset Group & Get It Done For Me Virtual Services )
If you’re thinking about settling down in Utah, let me introduce you to a little slice of heaven called Springville. As a mother-and-son real estate team, Tristan and I, Katerina Gasset, know the real estate market in Springville, Utah. Springville, Utah: A Hidden Gem Location: Nestled in Utah County, Springville is affectionately known as “Art City” for its thriving arts community. Vibe: This city offers a small-town feel with the conveniences and amenities of a larger city. One of the things I love about Springville is its unique blend of culture, history, and natural beauty. The city has a vibrant arts scene, and the stunning views of the Wasatch Range are simply breathtaking. The Springville Housing Market: A Closer Look Diversity in Housing: From quaint, historic homes to modern de...
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By Utah Real Estate Search Utah County Realtor, Home Listing Partner
(Home Buyer Realty Utah)
Utah County Real Estate ReinventedHome Buyer Realty Utah is working on changing the Listings Real Estate Model here in Utah County. Home Buyer Realty Utah Lists and Sells homes for only 2% (1% Listing Agent) (1% Buyer Agent). Every Home Buyer Realty Utah Listing will have Aerial Photos and a Matterport 3D video. We also provide unlimited exposure on the Internet. Listed below are a few of the Local Real Estate Websites where we place our South Utah County Listings:Springville Utah Homes for SaleMapleton Utah Real EstateElk Ridge Utah Real EstateSalem Utah Real EstateSantaquin Utah Real EstateSpanish Fork Utah Homes for SalePayson Utah Homes for SaleWe sold 3 homes in the last 2 months in South Utah County all for a Listing and Selling Commission of 1%. My Sellers are very happy with the...
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  Contact: SuAnne Hoffman Phone: 801-360-3900     Bungalow/Cottage, Single Family - Springville, UT Listed at 219900       Send To   Subdivision   Category Homes Type Single Family Re-sale Sq Footage 1844 Bedrooms 4 Bathrooms 1.5 Half Bathrooms 0 Lot Size 0 Short Sale No Year Built 1944 Home Address 1062 E 1000 S Springville, UT 84663   Home DescriptionCute home with large yard and 2 car garage. Close to high school and elementary. In great shape with lots of potential. Call agent for more details. Home Features   Additional Links   Virtual Tour   Property Description This home for sale is located in ! This Springville community has homes for sale ready for immediate move in but none match the ammenities this home offers. If you are looking for a one of a kind home in , please review t...
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  Contact: SuAnne Hoffman Phone: 801-360-3900     Rambler/Ranch, Twin - Springville, UT Listed at 245900       Send To   Subdivision   Category Homes Type Single Family Re-sale Sq Footage 2507 Bedrooms 6 Bathrooms 4 Half Bathrooms 0 Lot Size 0 Short Sale No Year Built 2004 Home Address 57 E 1600 N Springville, UT 84663   Home DescriptionUnbelievable - mother-in-law apartment, 6 bd. 4 ba. Studio apartment includes 1 bd and 1 ba. in the basement. Huge laundry room. Upstairs has large great room with new pergot style hardwood floor. View off deck. This is truly a fantastic and unique property. The frig upstairs will be included with the home. Call agent for more details. Home Features   Additional Links   Virtual Tour   Property Description This home for sale is located in ! This Springvi...
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  Contact: SuAnne Hoffman Phone: 801-360-3900     Rambler/Ranch, Single Family - Springville, UT Listed at 289000       Send To   Subdivision EVERGREEN Category Homes Type Lease to own Sq Footage 3356 Bedrooms 6 Bathrooms 3 Half Bathrooms 0 Lot Size 0 Short Sale No Year Built 1983 Home Address 370 E 1875 S Springville, UT 84663   Home DescriptionRare open concept in an older home! Beautifully updated, well cared for. Desirable neighborhood with easy access to Hwy. 89 & I-15. Formal living room, a large open kitchen w/great room great for entertaining! Stunningly remodeled master suite! Mature landscaping in from and back: the front yard has sweet cherries, pie cherries, apricots, peaches and nectarines.The back yard has granny smith and jonathon apples, yellow peaches, pears and raspbe...
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  Contact: SuAnne Hoffman Phone: 801-360-3900     Rambler/Ranch, Single Family - Springville, UT Listed at 499470       Send To   Subdivision   Category Homes Type Lease to own Sq Footage 7330 Bedrooms 7 Bathrooms 3 Half Bathrooms 1 Lot Size 0 Short Sale No Year Built 2009 Home Address 485 N 800 E Springville, UT 84663   Home Description$68/ sq. ft. TRY TO BEAT THIS COST PER SQUARE FOOT...CAN'T BE DONE! Over 7,300 sq. ft. Immaculate, like-new condition, move-in ready, amazing views! Expansive, practical floor plan. TWO COMPLETE LIVING AREAS, 2 SPACIOUS MASTER BEDROOMS, 2 FULL KITCHENS, 7 BEDROOMS, 6 BATHROOMS, 2 SUN ROOMS, WALKOUT BASEMENT, EXTRA WIDE HALLWAYS AND 36" DOORS. Home Features   Additional Links   Virtual Tour   Property Description This home for sale is located in ! This S...
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  Contact: SuAnne Hoffman Phone: 801-360-3900     2-Story, Single Family - Springville, UT Listed at 384900       Send To   Subdivision   Category Homes Type Single Family Re-Sale Sq Footage 5280 Bedrooms 6 Bathrooms 3 Half Bathrooms 1 Lot Size 1 Short Sale No Year Built 1978 Home Address 786 S CANYON DR Springville, UT 84663   Home DescriptionRemarkable home set way off Canyon Road! Stunning views of the mountains and valley. Extremely private. Lots of square footage. Separate apartment above the garage. Main floor master suite! Formal dining room, great room floorplan, massive laundry room and so much more! This house is a must see! Home Features   Additional Links   Virtual Tour   Property Description This home for sale is located in ! This Springville community has homes for sale r...
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  Contact: Larry Vest Phone: 801-372-7200     Home for sale in PHEASANT RUN Listed at 399900.00       Send To   Subdivision PHEASANT RUN Category Homes Type Single Family Re-Sale Sq Footage 4284 Bedrooms 7 Bathrooms 3 Half Bathrooms 1 Lot Size 0 Short Sale No Year Built 2000 Home Address 1487 E PHEASANT RUN S Springville, UT 84663   Home DescriptionGorgeous Brick Rambler, Prestigious Neighborhood, New Carpet Upstairs, Lots of New Paint Throughout, Granite Counters In Kitchen, 2nd Kitchen Down, Outside Basement Entrance, 2 RV Pads, 2 Storage Sheds, 2 Car Garage, Mother-In-Law Apartment, 2 Fireplaces. Call me at 801-372-7200 or email me at lvest@osmondre.com for more information! Home Features  Fireplace  High Vaulted ceiling  Hardwood floor  Family room  Living room  Granite countertops...
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The Infrared Building Inspection and Evaluation of Merit College Preparatory Academy is now completed. What a wonderful school in the rural community of Springville, UT Alamo Infrared is recognized in the commercial real estate community for consistent delivery of commercial property inspections. As commercial property inspectors, we know that the purchase, lease or investment in commercial real estate is an enormous undertaking. Performing due diligence on the property is a crucial step to minimize risks and help you make safe and sound decisions.  
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By Robert A. Hulme, Home Listing Partner
(Home Buyer Realty Utah)
Utah County Real Estate Understanding Mortgages and Getting the best Rate. As a home buyer, it only makes sense to try and get the lowest rate possible when obtaining a Home Loan. After all, the rate is the primary factor in determining your house payment. But how do you get a low rate when applying for a home loan? This is the primary question that most home buyers want to know. I would like to explain some important ideas that you need to keep in mind. Credit Score One of the primary factors in helping to determine your interest rate is your credit score and financial history. In other words the best interest rates are usually reserved for those with the highest credit score. So if you credit score is not very high the chance of getting a lower interest rate is not very good. It is ve...
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By Robert A. Hulme, Home Listing Partner
(Home Buyer Realty Utah)
  Utah County Real Estate and Negotiating When it comes to time to negotiate a real estate transaction, some interesting dynamics take place. Obviously the Seller wants the most money they can get for their home. The Buyer wants the most home for the least amount of money. This is a crucial time to have a professional on your side, who knows and understands how the process works. There is not a right or a wrong way to proceed, but it does involve a lot of give and take. The party with the stronger alternative usually gets more, but a successful negotiation happens when both sides end up with a compromise and no one feels deceived or taken advantage of. There are a few points that need to be considered when you approach the negotiating table.   ·       Determine what you want to achieve?...
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By Robert A. Hulme, Home Listing Partner
(Home Buyer Realty Utah)
Utah County Homes for Sale, the Real Estate Appraisal The Real Estate Appraisal is an important part of your home buying transaction. The appraisal helps to establish what the property’s market value actual is, in fact it would likely be the main tool in helping the seller establish the proper selling price. Lenders require an appraisal when the home is offered as security for a loan; they want to make sure that the property will sell for at least the amount of money it is lending. Real estate agents often use a comparative market analysis (CMA), with an appraisal to help their home seller determine a realistic asking price for their home. Many times, experienced real estate agents will come very close to an appraisal, but usually the appraisal is very detailed and is the only valuatio...
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By Robert A. Hulme, Home Listing Partner
(Home Buyer Realty Utah)
Utah County Homes for Sale, Private Mortgage Insurance (PMI) Private Mortgage Insurance is used by Utah Home Loan Buyers to insure the lender against default if the borrower has less than 20 percent down. Private Mortgage Insurance can be a very costly insurance premium that is necessary as part of loan qualifications set by Fannie Mae and most secondary market investors. With the right loan, it doesn’t have to be an obstacle. How much does Private Mortgage Insurance Cost? PMI increases your monthly payment and could be tax deductible. PMI varies, but can be estimated by taking about one-half percent of the total loan amount. With a home selling for $300,000 and 10 percent down or $30,000, the annual cost of PMI on your $270,000 loan would be approximately $1,350 annually or an extra $...
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By Robert A. Hulme, Home Listing Partner
(Home Buyer Realty Utah)
  Utah County Homes for Sale, are you considering a Short Sale? The time to consider a Short Sale is when your Mortgage is considered to be in default, one or more payments have been missed. There are a number of solutions available to remedy the situation: Short Sale/Payoff Forbearance agreement Loan Modification Deed in Lieu of Foreclosure A Short Sale occurs when a borrower sells their property for an amount that is less than the amount owed to the lender. To qualify for assistance the borrower needs to prove that they are experiencing a substantial financial hardship. A hardship is a situation that has life changing effect for the borrower that results in an in-ability to pay the mortgage debt in either, short or long term: Separation or Divorce Medical Bills Inability to work due t...
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By Robert A. Hulme, Home Listing Partner
(Home Buyer Realty Utah)
Utah County Homes for Sale - Private Mortgage Insurance (PMI) Early Exit Private Mortgage Insurance (PMI) is the safety net of the lender.  PMI benefits lenders because it guarantees payment on the balance of loans not covered by the sale of foreclosed properties. If a borrower makes a down payment of 20% of the cost of the home, the lender can generally trust that he will make his mortgage payments faithfully to protect a large investment. In this case, the lender comes out ahead if the borrower is forced to foreclose on his house, because the lender loans 80% of the cost of the house, but will probably recover 100% of the cost of the house. But, if the borrower makes a smaller down-payment, such as 3%, 5% or 10%, and borrows the rest, and then defaults on his loan, the lender loses mo...
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By Robert A. Hulme, Home Listing Partner
(Home Buyer Realty Utah)
Utah County Homes Sold in Springville, Utah - 2010 Month Jan 2010 Units 6 Total Volume $1,059,100.00 Avg. List Price $174,900.00 Avg. Sold Price $157,100.00   Sq. Ft. 1,453 Per sq/ft $110.12       Feb 2010 14 $2,629,100.00 $189,450.00 $167,000.00   2,111 $84.12       Mar 2010 25 $4,180,519.00 $164,900.00 $155,000.00   1,615 $97.75       Apr 2010 29 $5,094,950.00 $169,000.00 $165,000.00   2,031 $88.48       May 2010 31 $5,873,035.00 $195,000.00 $177,000.00   2,200 $81.08       Jun 2010 27 $5,223,304.00 $169,900.00 $163,900.00   1,740 $91.09       Jul 2010 15 $3,293,400.00 $209,900.00 $207,500.00   2,452 $76.65       Aug 2010 28 $5,193,049.00 $217,650.00 $180,000.00   2,110 $82.44       Sep 2010 14 $2,688,400.00 $196,550.00 $169,000.00   2,117 $84.69       Oct 2010 17 $2,594,500.00 $162,0...
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By Alan Barker
(Boomerang Leads)
Springville Utah real estate sold increased by 21% during the 2nd quarter of 2010.  Median sold price decreased from $192,500 to $178,450 and average sold price of houses in Springville decreased over 30,000.
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Energy Audits for Historical Buildings like the Dean Mendenhall Hall in Springville, Utah | Information gathered from any Utah energy audits in the Historic Areas of Utah County, Utah will be used to determine energy efficiency, retrofitting and weatherization projects using funds from the Energy Efficiency and Conservation Block Grants (EECBG). Retrofitting projects will include air infiltration, energy efficient windows and doors, insulation levels, weather-stripping and caulking, and electric base loads.   Using its EECBG formula funding to retrofit and improve the energy efficiency of a number of it's municipal buildings that will result in substantial reduction in energy usage. EECBG Formula grants can be used for energy efficiency and conservation programs and projects community w...
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By Alan Barker
(Boomerang Leads)
By 2005, sold Real Estate in Springville Utah had more than doubled.  By 2008, numbers had taken a big fall and sold homes in Springville numbered under 300.  Last year in 2009, numbers again saw a small increase.  Springville Real Estate prices also increased in 2009, following a pretty solid decrease from the year before.
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By Mark Watterson, Utah Real Estate
We need Positive Price Action to confirm market bottom.  One month of price improve isn't sufficient to confirm the market bottom.  We need to see appreciation month over month for three months. PRICE ACTION   Other good signs in addition to positive price action is lower DOM (days of the market), lower new listings and higher percent of new listings being SOLD.    SUMMARY Currently we are not seeing the needed positive price action (along with other indicators) to confirm a market bottom.  This is NOT a good time for those with low and/or no risk tolerance to purchase.  High and medium risk tolerant investors are making buying decisions and are doing some bottom fishing.  Some are trying to time the market and market timing is risky.  Trying to time the bottom is not for the inexperien...
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