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Know your local market:

Salt Lake City, Utah

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Understanding the neighborhood where you’ll buy or sell a property is critical. There’s a well-known phrase in the real estate industry: location, location, location. When you’re buying or selling a property, the one thing that can’t be changed is the location. You’ll want to choose wisely. If you’re selling your property, highlighting the benefits of your neighborhood is a great way to attract buyers. If you’re purchasing a house, taking a closer look at the community will help you understand the market and investment potential more clearly.

Need to sell your home fast? Get an offer from Brick, fast!

Whether you’re moving on a deadline or you just want to speed up the sales process so you can move on faster, we can help. We offer:


Fast, fair offers: The average home sits on the market between 25 and 30 days. Once your home is under contract, it can take up to 45 days to close. At Brick, we’ll make a fair, cash offer within days.


No closing costs: Selling a home can cost several thousand dollars when you factor in realtor fees, closing costs, and repairs. You won’t have any of those expenses when you sell to Brick.


No walkthroughs: Don’t worry about scheduling open houses or walkthroughs. We purchase homes as-is. We can even buy properties site unseen. We also buy properties in any condition.


Close in days: Instead of waiting a month or more to finalize your sale and move on, sell to Brick. Once you accept the cash offer, we can close the deal within days.

Housing Market Trends in Salt Lake City, Utah

Like many other cities in Utah, the Layton housing market is highly competitive right now. At publication, the median sales price is around $450,000. This price is 30% higher than the same time last year. Fewer homes have sold in Layton this year, but the homes that are selling are going fast. The average time a home is on the market before it sells in Layton is just 6 days. Last year the average home spent around a month on the market. 

The average house currently listed on the market sells for 5% above the asking price at publication. More popular listings that garner more attention receive around 10% over the asking price. More than 75% of homes sold this quarter have sold above list price, with only 6% of homes having to reduce their cost to sell. 

In comparison, in 2016, the average home in Layton sold for $233,000. 

The best time to sell your home in Layton, Utah, depends on your goal. If you want to sell quickly, the summer months often draw out more buyers. The winter months could lead to higher sales prices as there are fewer homes on the market.

Tips for Selling Your Home Fast:

Significant life changes don’t always come at the most convenient times. Selling your home may be a desire, or it might be a necessity. Whether you’ve decided to start a new life across the country on a tight deadline or you’re just ready to ditch your investment properties, managing your sale the right way is essential. Check out these helpful articles for navigating the quick sale of your house: 

  • Need to sell a home quickly to avoid foreclosure?
  • When you need to sell your home fast, what are your options? 
  • How to sell a house that needs work when you don’t want to do it.

Critical Tips for Selling Your Home:

Selling your home(s) can be difficult, but it doesn’t have to feel overwhelming. Taking a few minutes to prepare yourself for the sales process can make a world of difference when it comes time to part with your house. Here are a few things to consider:

Why are you selling?

Before you list your house or contact us for a cash offer, it helps to know why you’re selling your home. Identifying the why helps with the sales process, including setting expectations for a sales price. It can also help you emotionally process the transaction so that you’re able to let go of your property. 

Sellers offloading an inherited property, downsizing, going through retirement, or selling because of a divorce, should consider whether their emotional attachment could make the sales process more difficult. We’ve noticed that buyers who are overly passionate about the sale are more likely to:

  • Ignore staging advice
  • Overprice the home
  • Respond irrationally to lower offers or requests for repairs
  • Fail to market to their target audience

If you’re selling because you want to liquidate your investment properties, you may need to consciously withdraw the idea of control over what happens to the property once you sell. 

What are your selling needs?

Once you’ve identified why you’re selling and identified ways to emotionally detach from the sales process, it’s time to think about your needs during the sales process.  Which of these are concerns you have about your upcoming move?

  • Cost of relocation
  • Access to equity in your property
  • Ability to provide seller financing
  • Time to pack and move
  • Cost of realtor fees and closing costs
  • Cost of repairs
  • Finding a buyer to purchase the property as-is
  • Desire or ability to manage walkthroughs and appraisals

Many sellers spend as much as 10% of their sales price on repairs, fees, and closing costs. Are you comfortable, or able, to let go of that money to sell your home on the traditional market? If your home needs extensive repairs, you may need to pay for repairs or make concessions on the sale price. If you’d rather avoid appraisals and negotiating with buyers, selling your home for cash could be a better option. 

Prepare for signing and closing

One of the most anticipated parts of selling a house is signing and closing. This final step makes everything official. The process can be a little different depending on if you sell your home through the traditional market or with an ibuyer. 

If you sell your home on the traditional market, the sale can fall through at any point before closing. Complications with appraisal or funding could delay a sale. In worst-case scenarios, a deal could entirely fall through if a buyer isn’t approved for financing or if the lender refuses to fund the loan because the property appraises for less than the offered amount. 

During closing, you’ll meet with the lender and the buyers and sign paperwork to finalize the sale. Before the final paperwork, your property undergoes an appraisal and inspection. The agent will do a title search, and you’ll complete any repairs or other concessions. Once the closing paperwork is filed, and the title is transferred into the seller’s name, the home is no longer yours.

When you work with an ibuyer, the closing process is a little different. The process is much faster because there are fewer hoops to jump through. We offer more flexibility for sellers, including the ability to control when you move out. We don’t require inspections or appraisals, and you won’t have to worry about our financing falling through. We can help you sell your home in a matter of days instead of weeks.

What does Salt Lake City have to offer:

Salt Lake City is the capital city of Utah. As such, it has a myriad of entertainment, outdoor activity, and dining options. Located between the Wasatch Mountain Range and the Oquirrh Mountains, residents can easily access skiing and hiking trails.  Salt Lake City provides easy access to more than 20 national parks. 

The Wasatch Cache National Forest and Timpanogos Cave National Monument are both within an hour’s drive from the city. 

Popular attractions in Salt Lake City, Utah include:

  • The Natural History Museum
  • Temple Square
  • Hogle Zoo
  • Clark Planetarium
  • Utah Museum of Fine Art
  • Discovery Gateway Children’s Museum
  • The Leonardo Museum of Science, Technology, and Art
  • City Creek Center
  • The Gateway Mall
  • Trolley Square
  • This is the Place Monument

 

Salt Lake City has many local parks with access to playgrounds, skateparks, basketball courses, swimming pools, and picnic areas. Looking for a few more thrills? Lagoon Amusement Park is located about 25 minutes north in Farmington. 

It is located a quick drive to Park City, home of the Sun Dance Film Festival. Situated in a central urban corridor, residents can access other major cities like Layton, Ogden, Sandy, and West Jordan via I-15. 

Salt Lake is also home to the University of Utah. The University of Utah Hospital houses several nationally recognized programs, including their pediatric and neurology departments. 

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Get an offer on your home.

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Further Reading

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If you’re struggling to manage your finances, being able to maintain an investment property or even pay your own mortgage could feel impossible.

While it may feel overwhelming right now, there are a few things you can do.

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