Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

5 Factors that Affect Utah Real Estate Property Values

By Kathrine Landau Subscribe to RSS | May 30th 2012 | Views:

Maybe you’re still in the process of shopping for a house. Perhaps you’ve already chosen one, but you’re not sure whether it’s worth it. Whatever your case, here are five of the factors that affect house prices.

House Particulars

The age, size, and amenities of a house can affect its value. For example, you cannot compare a house that was built in 1950 to a house built in 2010; the value of the former may have been adjusted for inflation, among others. Likewise, the size of the house is usually directly proportional to its price. A residential structure may also have a higher value if there are implements such as swimming pools, large gardens, and so on.

Foreclosure or Short sales

Houses subject to these usually have lower values compared to new houses. If a house is foreclosed, the remaining balance on the mortgage is typically the selling price, and it may be lower depending on court rulings regarding the foreclosed property. Similarly, in a short sale, the house is sold with a price equivalent to a value lower than the liens on the house; this depends on the agreement between the owner and the creditors.

Economic Factors

When interest rates fall, mortgages are easier to obtain, thereby pushing house prices up and vice versa. Meanwhile, if the economy is healthier, people generally have better purchasing power, and the real estate industry, in turn, sees a rise in prices. Be alert for news about Federal Reserve actions and major events such as oil price hikes and elections; they also affect house values.


If you browse the Internet for house prices, you may be confused by the seemingly conflicting values presented. For instance, the data for Sandy Utah real estate may say that the average listing price is $392,337, while the median sales price is $207,150. The better estimate is the latter, since median prices are not affected by the lowest or highest actual prices. Characteristics specific to Sandy, such as the ambiance of the neighborhood, can also affect house values in the area.

Number of buyers

Houses also follow the rules of supply and demand. For example, if there are more buyers of Salt Lake real estate than the number of properties up for sale in the area, prices may spike, and the opposite is also true. If you want to pay less, look for a home with almost no buyers, though you may have to wonder why it has few buyers in the first place.

Good research on factors that affect Utah real estate prices will out you in good stead. For more information, log on to

Kathrine Landau - About Author:
For more details, search Sandy Utah real estate, Salt Lake real estate and Utah real estate in Google.

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:

Related Muscle Building Articles Subscribe to RSS

Are the hair loss products the real solution to hair fall?
Published by Makjonson on March 7th 2012 | Health
The hair loss products are the correct solution to reduce the hair fall. The reaction on different i...
Electronic cigarettes are much better than real cigarettes
Published by Sunny Sahot on February 1st 2012 | Health
Electronic cigarettes are much better than real cigarettes and minimise the harmful effects of smoki...
ZMA – the real Health Tablet
Published by Julia Roger on March 10th 2012 | Health
ZMA is now a day’s one of the well known supplements of the market. ZMA is having so many features...
Buy real steroids and best body building steroids
Published by Webmaster on January 30th 2012 | Health
This article briefly outlines the importance of purchasing legitimate steroids that produce high qua...
Senior Care in New York- Care in real sense
Published by James Blee on March 2nd 2012 | Health
The world is young and changing fast. Streets are filled with young blood, busy bodies jostling for ...
Your Dream of a Flawless Smile can now turn real at a Cosmetic Dentistry Clinic in NYC!
Published by Dentalcarenyc on February 28th 2012 | Health
A beautiful smile is a perfect social accessory in a city like New York where an immense importance ...
Use electronic cigarettes or e-cigarettes in place of real cigarettes
Published by Sunny Sahot on January 20th 2012 | Health
Use electronic cigarettes or e-cigarettes in place of real cigarettes to get rid of harmful chemical...