Mapleton Listing Inventory Slightly Increases!

Posted on May 9, 2012 by

Mapleton Utah has 70 Homes for Sale in May 2012

The number of homes for sale in Mapelton Utah has slightly increased since December 2011.  The number of homes for sale in December was 69.  Thus, we have only increased by one home for sale.  However, the inventory in May is typically much higher than we are experiencing.  We are seeing a shift from the type of homes for sale.  For example we are seeing less Bank Foreclosures, short sales and HUD homes for sale and seeing more home owner selling their homes.  The home owners are finally able to breath after being smothered by distressed properties for the past five years.  The Mapleton Utah real estate market is finally stabalizing and improving.  The prices are on the rise and the market is the strongest it has been for five years.

Mapleton Real Estate Listing Inventory

The graph below shows the number of homes currently for sale by the home owner which is currently at 60.  Mapleton Utah currently has 7 short sales for sale and 3 bank foreclosures and zero HUD homes.  Mapleton does not traditionally get very many HUD homes for sale.  The number of short sales and bank foreclosures has been declining throughout Utah County.

mapleton-home-listings

mapleton-home-listings

New Wave of Buyers Wanting Land in Mapleton

We are getting many more buyers looking for homes with land.  We are seeing a new wave of buyers looking for homes on 1-2 acre lots or buyers looking to build on a 1+ acre lot in Mapleton, Utah.  This sector of the market has been completely dead for the past five years.  Many buyers are wanting to start a hobby farm.  Mapleton is one of the ideal areas in Utah County for a small farm.

Hire a Mapleton Utah Realtor

Are you looking for a local Mapleton Realtor?  Paul Teasdale has been selling homes in Mapleton Utah for 18 years.  Paul has lived in Mapleton for about 12 years.  Paul is familiar with the schools, neighborhoods, restrictions, city and recreational activities.  It is often difficult to shop with a Realtor in Mapleton that is from Salt Lake City or some other area.  A local Mapleton Realtor can really help you find that piece of land or home you are looking for.

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Making a Counter Offer in Mapleton Utah

Posted on April 25, 2012 by

All About Real Estate Counter Offers in Mapleton, Utah

A counter offer is, as its name suggests, an offer that is provided by the seller of a home in Mapleton, Utah as a reply to the initial offer submitted by a buyer.  It usually contains provisions which address conditions such as the total consideration (this usually means the total price), the earnest money deposit, payments for different reports and fees, the possession date, the service providers, personal properties, and time frames for inspections and contingencies.

Unlimited counter offers in Mapleton, Utah

Take note that there is no limit as to how many counter offers can be submitted by the buyer or the seller.  Thus, when a seller provides a counter offer to the buyer, it does not mean that it is a take it or leave it situation.  This is actually the beginning of the negotiation.  After the seller gives the counter offer, the buyer has the option to provide his own counter offer or decline the counter offer and cancel the transaction.  This can take as many turns as needed by the seller and buyer, until they come to terms or until the deal is cancelled.  Sometimes, one counter offer is enough, oftentimes, several counter offers are exchanged.  I find the average number counter offers on a home in Utah County is three.  When a transaction is ready to close it will typically have 4-7 addendums.  More addendums are often added to the transaction as needed like repairs, name changes, closing cost changes, extensions and a variety of other terms.

Below is a copy of an Addendum or Counter Offer.  This is an copy of the form provided by the Wasatch Front Regional Multiple Listing Service.

counter-offer-utah-county

counter-offer-utah-county

Sellers do not Always Provide the Counter Offer

Sellers though do not necessarily have to provide a counter offer.  In some cases, the seller in Mapleton, UT would simply not reply to an offer that he does not like.  Thus, it is necessary for purchase offers to have an expiration date.  In other purchase offers, there is a special space provided where the seller can place his signature or initial to indicate that the offer has been rejected.  If there is no space allotted, the seller can simply write the word “rejected” onto the purchase offer then sign and date it to officially reject the purchase offer.  If a buyer has presented a ridiculous lowball offer on a home in Utah County they may want to just reject the offer.

Multiple offers in Mapleton, Utah

There are times, usually when it is a seller’s market prevailing in Mapleton Utah, when a seller will receive multiple offers simultaneously on the property he has offered for sale.  In this case, the seller is allowed to provide a counter offer to each of the offers that he is interested in.  There is no limit to the number of offers he can submit a counter offer to.  He is also not obligated to provide the same counter offer to all of the purchase offers submitted by prospective buyers in Mapleton. He may make a counter offer that is unique and relevant to the initial offer he is responding to.  A complication though may arise when multiple offers are available because the seller is not obligated to automatically accept a buyer’s acceptance of his counter offer since more than one buyer may accept the counter he received.  A realtor in Utah County will typically ask for everyone to present their best and final offers.  More about Multiple Bids on Homes in Utah County.

Accepting a counter offer for a property in Mapleton, Utah

Finally, if all goes well, the counter offer will be accepted.  If the buyer is the one who will accept the counter offer of the seller, it is a simple matter of accepting the offer in writing and delivering the papers to the person designated to check and receive it.  However, time is very much of the essence in this case.  As previously mentioned, the seller can send out multiple counter offers, so the first one to submit the acceptance papers usually gets to have the home in Mapleton, Utah.

If you are confused regarding counter offers or if you need more assistance in buying or selling a home, then make sure that you call Paul Teasdale from Team Teasdale Realty. He has been in the business for over 17 years and you will be assured that you are getting the best possible advice.

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Getting a Loan on a Home in Mapleton Utah

Posted on April 10, 2012 by

Benefits of Fixed Rate Mortgages in Mapleton, Utah

Financing is the preferred method for acquiring a new home in Mapleton, Utah and most other localities.  Among the many types of financing though, fixed rate mortgages have remained the most used by buyers.

What is a fixed rate mortgage?

As its name implies, a fixed rate mortgage is a mortgage that has a fixed rate attached to the interest.  This means that throughout the life of the loan, the buyer in Mapleton, UT will continue to pay at the same rate of interest regardless of the state of current interest rates.  If interest rates increase, the fixed rate buyer will not be affected.  In the same way, if the interest rate falls, the buyer will also not be affected.

Additionally, a fixed rate mortgage will allow a buyer to purchase a home in Mapleton and pay for it monthly in equal payments for a fixed period of time.  Thus, the buyer will have the security and the advantage of knowing the exact payments he needs to make on his home for each and every month.  The amortization period can range from 10 to 50 years but a 30 year amortization is the most commonly used.  In a fixed rate mortgage, the interest gets a bigger share of the payments in the earlier part of the loan while the principal gets a bigger share as the loan moves towards the latter stages.

mapleton_utah-for-sale-realtor

mapleton_utah-for-sale-realtor

Paying Points in Mapleton, Utah

Paying points will result in a lower interest rate.  Each point is worth 1% of the total loan amount.  For example, if the loan amount is $500,000.00, 1 point is worth $5,000.00 and 3 points is worth $15,000.00.  Lenders in Mapleton Utah will offer to lower interest rates in exchange for point payments up front.  Continuing from the example, if the $500,000.00 loan is at 6% interest, you may be able to get it at 5% interest if you pay 3 points up front.  This means that in exchange for an additional up front payment of $15,000.00, the buyer will be able to get a lower interest rate for the entirety of the loan.

Taxes and Insurance in Mapleton, Utah

Any loan that is worth more than 80% of the purchase price of a property in Mapleton will require both a monthly property tax and a monthly homeowners insurance to be paid to the lender.  In turn, the lender would have to make payments to the insurance company and the tax assessor.  In these cases, the month PITI payments would have to be adjusted to reflect the changes in the tax payments and the insurance payments as well. A reserve amount is also usually collected by lenders.  This amount, sometimes called an escrow account, will depend on two factors: when the loan is made and when the tax bill of the buyer is due.

Prepayment Penalties in Mapleton, Utah

A prepayment penalty is sometimes used by lenders of fixed rate mortgages.  This clause states that any buyer on a fixed rate mortgage will have to pay the lender an additional amount of interest if he is able to pay off the loan earlier than scheduled.  Typically, if the buyer is able to pay the loan within 5 years, he is required to pay an amount worth 6 months of interest to the lender as a prepayment penalty.  I would suggest never getting a loan with a prepayment penalties.  A lender is making more money when they package your loan with a prepayment penalty.  Ask your lender to remove it.

Finding out how to pay for your new home in Mapleton Utah maybe hard at first but you can try asking for professional help by calling Team Teasdale Realty. List of homes SOLD in Mapleton Utah by Team Teasdale Realty in 2011.  Paul Teasdale has been in the business for over 17 years and surely knows what to do when it comes to financing your new home in Mapleton.

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Mapleton Utah Real Estate Market is HOT!

Posted on April 4, 2012 by

Homes are Selling in Mapleton Utah

Currently we have 63 homes for sale in Mapleton Utah and 19 Under Contract.  The real estate market is really moving in Utah County.  The market is healthier than it has been in the past five years since the economic depression started.  The number of homes for sale in Utah County has dropped from around 4,000 homes for sale this time last year to 2,798 home for sale today.  The inventory is declining and the percentage of sales is rising.  The chart below represents active listings in Utah County and the percentage of listed homes that are selling each month.

mapleton-utah-active-listings

mapleton-utah-active-listings

mapleton-utah-units-sold-all-residential

mapleton-utah-units-sold-all-residential

Homes Listed Over $500,000 in Mapleton Utah

We currently have 19 homes listed for sale over $500,000 in Mapleton Utah and we have 2 under contract.  Four homes have sold that were listed over $500,000 in Mapleton Utah in the past 90 days.  Believe it or not this is very good.  This sector of the market has been very dead over the past few years.  It is starting to show signs of life.

The graphs below represent active listings over $500k and sold homes over $500k in Utah County.  Notice the homes listed over $500k reached 900 in 2008.  It has now plummeted to a little less than 200. This sector of the market looks to drastically improve over the next two years.

mapleton-utah-homes-listed-over-500

mapleton-utah-homes-listed-over-500

mapleton-utah-homes-sold-over-500k

mapleton-utah-homes-sold-over-500k

Buying or Selling a Home in Mapleton Utah

If you are buying a home in Mapleton Utah you may want to do it soon.  Rates are low at around 4% and inventory is decreasing.  Prices are also on the rise. In my opinion we are hitting a real estate bottom considering the past five years.  If this is true we may see a short squeeze on prices and inventory over the next few years in Mapleton Utah.  If you are selling call me and I will give you a free comparative market analysis (CMA) regarding your homes value.  I have been living in Mapleton for over 10 years and been selling homes here for 17 years.  Call me at 801-491-7653  Paul with Team Teasdale Realty.

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Real Estate Brokers & Agents in Mapleton, Utah

Posted on March 22, 2012 by

Full Service Real Estate Brokers & Agents in Mapleton, Utah

Consumers looking to buy or sell real estate in Mapleton, Utah often have to make the decision on whether to get full service brokers and agents or settle for a discount service instead.  Real estate agent’s commissions can easily amount to a lot of money which is why consumers have to really weigh their options before making their decision.  Here are some considerations you might want to think of before you make that tough call.

The Type of Market in Mapleton, Utah

The type of market you are in will greatly affect your need for full-service real estate brokers & agents in Mapleton, UT.  If you are looking to sell your property and you are in a seller’s market, then you probably will do just fine with a discount service or maybe even get away with doing the whole deal yourself.  The same goes if you are trying to buy a property in Mapleton while a buyer’s market is prevailing.  You will not have the need for much help in acquiring the property that you want.  The problem though comes in when you are selling in a buyer’s market or buying in a seller’s market. Selling in a buyer’s market requires a lot of extra work and dedication to get the best selling price for a property in Mapleton.  This means that expertise in the field will translate to a big edge over less experienced and less skilled players.

realtor-in-mapleton-utah

realtor-in-mapleton-utah

The Multiple Listing Service (MLS) in Mapleton, Utah

If you intend to use the MLS to help you sell your property, getting the services of full-service Realtors in Mapleton, Utah may be the better choice.  This is because full-service Realtors will take the time and give the effort to product professional listings for your property in Mapleton.  They will take the time to take the best photographs of your property in order to show it in the best light possible.  They will know which parts of the property to highlight and put in front of the buying public.  They will also provide enticing and attention grabbing bits of information about the property that will attract even more probable buyers.

Homes for Sale in Mapleton Utah

The Use of Signs and other Marketing Materials in Mapleton, Utah

A full-service real estate broker and agent will make effective use of professional signs and marketing materials to help sell your Mapleton property to the best and highest paying buyer.  Professionally produced signs, flyers, and brochures help buyers find out important information about your property in Mapleton, Utah that could motivate them to check it further and eventually buy it.

The Negotiation with Buyers Of Your Home in Mapleton, Utah

If you have any sort of problems negotiating with potential buyers of your property in Mapleton, UT, you will be better off getting the services of a full-service Realtor.  Real estate is usually a very competitive business and being able to negotiate the best terms and the best prices are imperative to getting a sale done.   Furthermore, having an experienced agent with you during the negotiating stage will allow you to be confident that all the bases are being covered and that you are getting the best deal for your property in Mapleton, Utah.

You don’t have to do it all alone. Make sure that you call Team Teasdale Realty helping you sell your house in Mapleton, Utah. Paul Teasdale has been selling properties in Mapleton for over 17 years so you will be sure that you are in good hands.

Search Homes for Sale in Utah County

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Horse Property for Sale in Mapleton Utah

Posted on March 21, 2012 by

Horse Property with Acreage 2.27 Acres – Mapleton, Utah

Prepared by Paul Teasdale 491-7653 www.UtahCountyListings.com

List Price: $364,900 Status: Active
Address: 265 W MAPLE Project:
City: Mapleton, UT 84664 Type: Single Family Style: Rambler/Ranch
Property Tour: Tour NS / EW: 0 S / 265 W
mapleton-horse-property

mapleton-horse-property

Total Sq Ft: 3200
Total Beds: 5
Total Baths: 4.00
Family Rooms: 2
Fireplace: 1
Garage | Car Port: 2 | 0

Year Built:  1992
Taxes: $2,142
Acres: 2.27
HOA Fee: $0
Construction Status: Blt./Standing
Finished Basement: 100%

Exterior: Brick

Lot Facts: Curb & Gutter; Fenced: Full; Road: Paved; Secluded Yard; Sidewalks; Sprinkler: Auto-Full; Terrain, Flat; Terrain: Mountain

Inclusions: Basketball Standard; Ceiling Fan; Fireplace Insert; Gazebo; Microwave; Storage Sheds; Swing Set; Water Softener: Own; Window Coverings

Features & Info: Bar: Wet; Bath: Master; Closet: Walk-In; Den/Office; Dishwasher, Built-In; French Doors; Gas Log; Kitchen: Second; Kitchen: Updated; Laundry Chute; Oven: Double; Oven: Wall; Range: Countertop; Range: Gas; Vaulted Ceilings

Remarks: See 50+ Photos. This is a 2.27 acres with a large barn with corrals and chicken coop, separate pastures and tack room. This is a wonderful property for someone that wants an improved parcel in Mapleton. Large raised bed garden with irrigation system. Spacious outdoor basketball court. Basement features a large spacious 2nd kitchen area. Kitchen features new appliances and updated granite countertops. This home has a tankless hotwater system * One of the best horse properties available in Mapleton. Easy to show call for an appointment.

See Horse Property Homes for Sale in Mapleton Utah
See Homes for Sale in Payson Utah

Posted in Mapleton Utah Homes, Mapleton Utah Horse Property, Mapleton Utah Listings | Tagged , , , , , , , , , , , | Leave a comment

Buying Homes with Swimming Pools in Mapleton Utah!

Posted on February 25, 2012 by

Buying Homes with an Outdoor or Indoor Pool in Mapleton.

Most first time owners of homes with an in-ground pool in Mapleton, Utah often learn a very important lesson the hard way: having a pool in your home requires time and money for proper maintenance and that this maintenance is a must.  Most of the time, this is not taken into account when the new homeowner makes his, her, or their decision to buy a home with a pool.  They usually just think about how great it would be to have your own private pool and never realize the difficulty and the expense of maintaining one.  However, for those who really enjoy swimming, a home in Mapleton with its own in-ground pool could be the best reason to buy your own home.

mapleton-utah-home-pool
mapleton-utah-home-pool

Who buys homes with swimming pools in Mapleton, Utah?

There are three types of homeowners when it comes to buying homes with swimming pools in Mapleton, Utah. The first one is the buyer who is purposely looking for a home with a pool.  It is the main criteria by which they judge the home.  These people love the water and they enjoy swimming, so to them, having a pool is of paramount importance.

The second type is the buyer who is purposely looking for a home in Mapleton Utah that does not have a pool.  These buyers usually have small children or small pets which may suffer accidents if there was a pool in the home or within the vicinity.  Other buyers meanwhile avoid homes with in-ground pools because they want to avoid the additional expense of maintaining a pool especially if they do not intend to use it often.  The third type is the buyer who really hasn’t thought about whether or not he wants a pool in his home.  This buyer is usually intrigued at the prospect and the final decision, on whether to buy the home in Mapleton Utah or not, is usually based on the presence of the pool.

mapleton-utah-large-home-for-sale
mapleton-utah-large-home-for-sale

Advantages Owning a Home with a Pool in Mapleton, Utah

There are several advantages to having a pool in your home in Mapleton, UT.  Most people who own one believe that it makes their home a lot more beautiful and pleasing to look at. Others use it as a venue to hold parties and as a play area for their kids.  For those who are into swimming and physical fitness, a pool can provide a great way to exercise and to improve and maintain health.

mapleton-utah-pool
mapleton-utah-pool

Disadvantages of Owning a Home with a Pool in Mapleton, Utah

On the other hand, a Mapleton Utah home with an in-ground pool also has its disadvantages.  First and foremost is the danger it poses for kids who are less than 4 years old.  Families with children under this age are advised to avoid buying homes with a pool in Mapleton, Utah.  Another disadvantage is the maintenance costs that a home with a pool in Mapleton requires.  A pool requires some chemicals and regular cleaning whether or not it is being used.  It is a regular expense.  Furthermore, a pool could also greatly increase utility bills.  You will obviously need to fill it up with water and you will have to change the water regularly which will affect your water bill.  Then, if you decide to install a heater for your pool, it will increase your electricity bill as well.

If you have decided to buy a home with a pool in Mapleton Utah, make sure than you call Team Teasdale Realty to check several properties with pools. Paul Teasdale has been selling homes in Mapleton, Utah for over 17 years and you will be assured that you can get the best advice when it comes to an investment like a house with a pool.

Are you looking for a home for sale with a swimming pool in Provo Utah?
Are you looking for a home for sale with a swimming pool in Orem Utah?

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Buying a Mapleton Utah Home in a Falling Market

Posted on February 16, 2012 by

Is Mapleton, Utah in a Falling Market?

If you are looking to buy a home in Mapleton, Utah, news of a falling market should be good news.  This means that you have the advantage over the seller. The seller needs you a lot more now than you need him.  You are very important to the seller at this point and you could probably get the right price that you are looking for. You just have to know how to play your cards right and negotiate with the seller properly.

Prepare yourself to buy a home in Mapleton, Utah

Even though you have the advantage as the buyer in a down market, you should still be prepared and not get into a negotiation without knowing as much as you can about the property.  You should search the listings in Mapleton, UT to find out important insight on the particular area you are interested in.  You can also ask your real estate agent if he has any important information about the property that could help you decide to buy.  The most important information you need to find out about the property in Mapleton that you need to find out is the price range.  You should know the lowest prices that are available in the area.  Mapleton Utah has many wonderful subdivisions including harvest park, triple crown, monta vista, silver leaf, union bench and eagle rock.

Be ready to see new Mapleton listings as soon as they are listed!

Even though there are very few buyers in a down market, you should still be ready to pounce on a great deal because there just might be someone just like you who is looking for a great deal.  The number of short sales and bank foreclosures are in decline at the moment.  It would be a big advantage to be pre-approved for a mortgage.  You need to have a pre-qualification or pre-approval letter before shopping for a home with your Realtor.

mapleton_utah-short_sale

mapleton_utah-short_sale

Look for motivated sellers in Mapleton, Utah

A motivated seller is one who is looking to sell his property as soon as he can.  This may be because the property in Mapleton, UT has been languishing in the real estate market for several months already.  It may also be that the home has already been vacated or a divorce situation.  Either way, this is a very good situation for you.  You might be able to get the seller to cover the closing costs.  Many sellers will include closing costs.  Of course, with a motivated seller, you can always negotiate the listed price.

Stay away from bidding wars on homes

In a down market, getting into a bidding competition with another buyer is a very bad idea.  The market is down because there are very few buyers and a lot of sellers.  It makes no point to be competing with another buyer when there are so many other good deals in Mapleton, Utah that are available.  Be ready to stick to a specific price that you have set.  If you don’t get it, be ready to move on to your next target.  It would be foolish to give in to your emotions and buy a home in Mapleton at a high price just because your ego wanted you to win the bidding battle.

If you are selling a home in Mapleton Utah tell Team Teasdale Realty about it.

If you are having a hard time selling your old home and buying a new one in Mapleton Utah, make sure that you get the advice of Paul Teasdale from Team Teasdale Realty. If you are looking for motivated sellers as well as trying to stay away from bidding wars for the home you want, Team Teasdale Realty has listings in Mapleton Utah that you might want to check out!

Be sure to check out our Springville Utah Homes blog.
Be sure to check out our Spanish Fork Utah Homes blog.

Posted in Mapleton Utah Homes, Mapleton Utah Market Conditions, Search Mapleton Utah Homes | Tagged , , , , , , , , , , , , | Leave a comment

Inventory of Homes for Sale in Mapleton Utah is Decreasing!

Posted on January 30, 2012 by

Mapleton Utah is down to 65 Homes for Sales

The number of homes for sale in Mapleton, Utah is declining along with the number of homes for sale in Utah County.  The number of homes for sale in Utah County has dropped to a staggering 2978 homes for sale.  This is the lowest level of homes for sale in over five years.  The chart below represents the number of active homes for sale each month in Utah County over the past five years.  Notice the purple line.  This is the number of homes available in 2011.  This line has been sharply charting down.  Buyers are buying because of low interest rates, amazing deals on bank repos, hud homes and short sales.  Many of the best buys are gone and the market is starting to show some life after five years of being pounded.

mapleton-utah-homes

mapleton-utah-homes

Inventory is Declining in Spanish Fork and Springville

The declining inventory trend is also occurring in Springville and Spanish Fork.  The number of homes for sale in Springville is down to 283 and the number of homes for sale in Spanish Fork has declined to 314.  This is a very positive sign for those that are wanting to sell and have been waiting for the market to stabalize.

Search Homes for Sale in Mapleton Utah

If you are looking to buy a home in Mapleton and are looking for a Realtor consider contacting Paul Teasdale of Team Teasdale Realty.  Feel free to search our database of homes for sale in Mapleton Utah. This database is a live feed from the Realtors MLS and has all 65 homes for sale in Mapleton Utah.  You will also be able to search all 2978 homes for sale in Utah County.

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Mapleton UT: 3 Bank Foreclosures and 11 Short Sales

Posted on December 30, 2011 by

Short Sales and Bank Foreclosures in Mapleton UT

Mapleton UT currently has 3 Bank Foreclosures and 11 Short Sales. Mapleton currently has no HUD homes for sale. This number has been much higher several months ago. It is strange to see the number of HUD Homes in Mapleton decline. If you are looking for a HUD home call me. I can watch for one to come available for you in Mapleton or I can show you a few in Springville or Spanish Fork.

Our city has 55 home owners selling their homes in Mapleton. The improvement I have noticed in Mapleton is that we are seeing less high-end short sales. The number of short sales appears to be in decline. This is a positive step to bringing stability to Mapleton. I have lived in Mapleton for 10 years and selling homes in Mapleton for 17 years. This is the best time I have ever seen to buy a home in Mapleton.

mapleton-utah-ut-bank-foreclosure

mapleton-utah-ut-bank-foreclosure

One thing that is very unique about Mapleton Utah is our lot sizes. We typically have some of the largest lots in Utah County. Many of our homes have 1/2 acres or 1 acre lots. The newer development called Harvest Park is actually quite opposite. Harvest Park is a planned urban development. It is a really nice neighborhood it just has lots about the size of a postage stamp. Many lots are between .09 to .15 in size. Most of the homes, twinhomes and condos have a home owners association fee.

Mapleton does not have very much commercial properties and our property tax tends to be slightly higher than our neighboring cities Spanish Fork and Springville.

List of Bank Foreclosure Homes in Springville Utah
List of Bank Foreclosure Homes in Spanish Fork, Utah

If you are looking for a Realtor in Mapleton Utah call Paul Teasdale. Paul is the Principal Broker of Team Teasdale Realty and lives in Mapleton.

List of Short Sale and Bank Foreclosure Homes in Mapleton Utah

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