Are you in the market for a new home? Grantsville is one of the most up-and-coming areas in the state, and homes here are selling fast. When you’re thinking about buying a home in Grantsville, UT, be prepared to act quickly. Supply and demand is making it harder for families to snap up the new homes built in this burgeoning market.
Act fast if you want to buy in Grantsville
The entire Utah housing market is in very short supply—people across the nation are catching on to what a great place this is to live! Existing homes are selling in just days, for more than the listing price. In fact, experts say it is going to take several years for housing supply to catch up with demand. Yes, that means you need to be prepared to make an offer quickly—but on the plus side, someone purchasing now should see strong equity gains over this time.
At UpDwell Homes LLC, we are keeping a close eye on the housing market in Grantsville, UT—and the fast sales have been astonishing. For example, consider this recent sale: the owner’s brother and partner recently listed his home on a Thursday at noon. He had four showings that night, and an offer above asking price the very next day. Four more over-asking-price offers came in by the following Tuesday morning. The owner wrote them all a letter saying they could modify their offers until 5 p.m. that day, at which time he would take the best offer. He accepted an offer that closed in two weeks, which was just shy of 5 percent over the asking price.
Keeping that example in mind will help you when it comes time to make an offer on your new home—or if you’re getting ready to sell a nearby home and buy a new one. You might be pleasantly surprised at how quickly the process moves along.
Benefits of living in Grantsville
If you’re new to the area, Grantsville is an excellent location for families. In fact, 70 percent of the population are married couples, and half of them have children of their own. Whether you’re moving your family or planning to start one soon, there’s plenty to do and see. Salt Lake City is just 30 to 40 minutes away, offering plenty of cultural opportunities and entertainment. Skiing, snowboarding, hiking and swimming opportunities are readily available for those who enjoy the great outdoors.
Another reason Grantsville is booming is its proximity to the Walmart Distribution Center and Utah Motorsports Raceway, both of which are major job providers in the area. And thanks to the town’s proximity to Salt Lake City, you can also easily commute to the metropolitan area.
Grantsville is an ideal place to buy a home—but you’ll need to act fast. Homes are selling just as quickly as we can build them. If you’re interested in buying a home in Grantsville, UT and would like to see UpDwell Homes LLC’s offerings, call us today to get started.