Deer Valley is located just 30 miles from Salt Lake City and is secluded in a beautiful mountain setting. Deer Valley is known worldwide for their beautiful ski resorts. Utah truly has the “Greatest Snow On Earth!”
If you plan to sell a home in Deer Valley, you should talk to a real estate agent to begin the process, because by next year new developments at the resort may decrease the value of your home.
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Sell a Home in Deer Valley
Deer Valley is a ski resort with a mixture of hotels, hotel condominiums, condominiums for sale and private residences for sale. If you’re looking to sell a home in Deer Valley, consider talking to a real estate agent now, before the many development projects currently underway have been completed. By the end of 2006, Deer Valley will have nearly doubled the number of condominiums and residences located throughout the resort. With this many brand new homes entering the market, you should place your home on the market now.
Real estate professionals in the area consider the market to be healthy right now. Prices have appreciated more than 30 percent since 2004, so now is the perfect time to sell your home. You will miss the competition of new development, and you will most likely sell for your asking price if not more. Deer Valley homes are still more reasonably priced than other comparable ski resorts in Utah, so homes for sale in Deer Valley are still in high demand.
Single-family homes in Deer Valley are currently selling from $800,000 to $9 million. These homes are likely to continue to hold a high value, as most are luxury homes with character. Condominiums are selling from $300,000 to $4 million, sometimes more. All levels of luxury condominiums and homes may need to take a slight decrease in asking price a year from now, so you should sell a home in Deer Valley as soon as you’re ready to leave.
If you own land in Deer Valley and would like to sell, you can expect to get anywhere from $200,000 to $1.9 million depending on the location and size. Considering the constant development within this popular resort, be sure to have an experienced real estate professional help you decide on an asking price and what bids to accept.
Deer Valley is an easy place to sell a home based on the amenities of the resort. Ranked No.1 in the areas of dining, guest service and mountain grooming, by Ski Magazine, Deer Valley is publicized and well-known for quality skiing and living. But there are a few things you can do to make sure your home looks appealing to potential buyers. First you should start with basic repairs. Especially living on a mountain, make sure the roof, gutters, etc. are in tact and any basic home repairs are completed. This will also prepare you for the inspection you’ll need once you have an interested buyer and that buyer’s lending company’s appraisal. Be sure the driveway gets plowed and the walkway gets shoveled. Next, make sure everything inside is clean and organized, including closets and cabinets. This gives the buyer the impression your home has been well-kept. Finally, whenever possible, leave the house when it’s going to be shown. Buyers feel less comfortable looking around at a home if the seller is in it watching them. Be sure to be pre-approved for a loan for your next home and have an idea of where you would like to move to.
Selling a home in Deer Valley should produce a good return, and right now you’ve got just the market to do it.
By Megan Mount
A REALTOR® is a real estate professional who is a member of the National Association of REALTORS®