South Davis Real Estate News & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. We also host the Facebook group Davis County Families, providing daily information about local events.  That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

March 13, 2019

Utah's Narrow Miss... Sales Tax on Services

One quick scenario.  Imagine the sign installer charging sales tax, the photographer charging sales tax, the printer charging it, the staging company charging it, and on and on.  Then, all those costs get passed to the real estate broker, who tacks on his required sales tax and tells Mr. and Mrs. Home Seller they'll also be required to pay a "small" transfer tax at closing.  All these costs get passed to the seller when they want to sell... and ultimately to the buyer as a higher price.  Buying a house is now more expensive, so savvy landlords know they can also now charge higher rents.  Can you see how this could become an expensive and never-ending chainof taxes?

I'm definitely not a tax expert or an economist, but I feel I have a fairly reasonable grasp on reality and cause/effect.  And, in my non-economist opinion, I believe we all narrowly missed a taxing bullet with House Bill 441 being killed this legislative session.  If you're not familiar, HB 441 proposed a sales tax on pretty much all services plus a very small real estate transfer tax, which would no doubt grow over time... all while we supposedly have a tax surplus in Utah.  Personally, I don't like the thought of making piano teachers and dog walkers collect and pay sales tax.  What do you think?

Posted in Market Updates
March 5, 2019

Down Payment Assistance in Utah 1/28/19

There are many options for someone interested in purchasing a home, but may need some assistance gathering the necessary down payment.  Such programs are great for buyers with good credit and plenty of verifiable income, but have not been able to save enough for a full down payment.  Thanks to Sarah Cresap with Fairway Mortgage for putting together such an awesome list of programs!  Together we can help determine if one of these programs fits with your goals and budget: Down Payment Assistance in Utah (updated 1/28/19)

Posted in Market Updates
July 31, 2017

Curious About Local Real Estate?

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Curious about local real estate? So are we! Every month we review trends in our real estate market and consider the number of homes on the market in each price tier, the amount of time particular homes have been listed for sale, specific neighborhood trends, the median price and square footage of each home sold and so much more. We’d love to invite you to do the same!

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You can sign up here to receive your own market report, delivered as often as you like! It contains current information on pending, active and just sold properties so you can see actual homes in your neighborhood. You can review your area on a larger scale, as well, by refining your search to include properties across the city or county. As you notice price and size trends, please contact us for clarification or to have any questions answered.

We can definitely fill you in on details that are not listed on the report and help you determine the best home for you. If you are wondering if now is the time to sell, please try out our INSTANT home value tool. You’ll get an estimate on the value of your property in today’s market. Either way, we hope to hear from you soon as you get to know our neighborhoods and local real estate market better.

Posted in Market Updates