What are Utah property taxes?
Utah has some of the lowest property taxes in the U.S. — the effective rate averages about 0.55% statewide (well below the U.S. average of ~1%). Rates vary by county and municipality. Salt Lake County: ~0.62% Utah County: ~0.53% Davis County: ~0.60% Washington County: ~0.51% Owner-occupied primary residences receive a 45% exemption on the taxable […]
What are closing costs in Utah?
Buyers typically pay 2-3% of the purchase price in closing costs in Utah. On a $500,000 home that’s roughly $10,000-$15,000. Includes: Lender fees (origination, underwriting) Title insurance & escrow fees Appraisal ($500-$700) Home inspection ($350-$550) Recording fees & transfer taxes (Utah has no real-estate transfer tax at the state level) Prepaid property taxes & insurance […]
How is the Utah real-estate market right now?
Utah remains one of the strongest housing markets in the West, driven by: Population growth (fastest-growing state 2010-2020, still top 5) Tech expansion along the Silicon Slopes corridor (Lehi, Draper, SLC) Constrained supply from geography (mountains) and slow permitting Market conditions vary sharply by county and price point. Ask our AI Chat for the current […]
Can I sell my home myself (FSBO) in Utah?
Yes — Utah allows for-sale-by-owner (FSBO) transactions. You retain listing commission (typically 3%), but you’re responsible for: Pricing correctly (a bad price kills more FSBOs than anything else) Marketing (photos, MLS via flat-fee service, syndication) Legal disclosures — Utah requires a Seller Property Condition Disclosure REPC negotiation & contract execution Managing showings, inspections, appraisals, and […]
How long does it take to close on a Utah home?
Typical Utah closing timeline: Cash: 7-14 days (only limited by title work) Conventional loan: 25-35 days from accepted offer FHA / VA / USDA: 30-45 days (appraisal + government underwriting) Jumbo: 30-45 days (more underwriting scrutiny) The Utah REPC lets you specify a settlement deadline and a possession date (which can differ — some sellers […]
What is Utah’s “seller disclosure” requirement?
Utah does not have a state-mandated seller disclosure form (unlike California), but the Utah REPC’s standard form includes a Seller Property Condition Disclosure that sellers must complete in good faith. It covers: Roof age & condition Plumbing, electrical, HVAC issues Water damage / flooding history Radon / mold / meth-lab history (Utah has strong radon […]
How do I find a good Utah real-estate agent?
Look for an agent who: Is full-time (not part-time) — closed at least 10-15 deals in the last 12 months Specializes in your target area (a Sandy specialist knows different micro-markets than a Park City specialist) Has recent buyer or seller references you can call Is a REALTOR® (member of NAR — held to ethics […]
What are HOA rules like in Utah?
Utah HOAs are governed by the Community Association Act (Utah Code §57-8a). Key points: HOAs must record CC&Rs (covenants) and bylaws with the county recorder Annual budget must be provided to homeowners HOA fees vary widely: $0-$60/mo for basic subdivisions, $300-$800/mo for gated / amenity-heavy communities (Daybreak, Traverse Mountain, Suncrest) HOAs cannot ban political signs […]
What is a 1031 exchange and can I use it in Utah?
Yes — Utah recognizes federal Section 1031 like-kind exchanges, letting investors defer capital-gains tax when selling investment property and buying another within specific deadlines: 45 days to identify replacement property 180 days to close on it Must use a Qualified Intermediary — cannot touch the sale proceeds Only investment/business property qualifies (not primary residences) Many […]