Currently, there are 738 homes for sale in Logan Utah and Cache Valley. There are also 447 pieces of vacant land in Logan on the market. Many of these properties are becoming bank owned and need to be sold at a much reduced price. Banks aren’t in the business of owning Cache Valley homes, they want you to own the home and they collect the interest on the loan. That is why they are willing to sell you homes that they now own at a much reduced price. These are great opportunities for first time home buyers and also anyone who may be thinking about, or in need of moving up in home size.
Currently, there are 44 short sale homes on the market in Logan. What is a short sale home? It is a home that isn’t worth what the owners owe on it. So the bank will need to forgive the difference in the price they loaned money for, and the price the home is now worth. This makes for a great opportunity to get into a home that has the potential to put equity in your pocket in the near future. Many times, these are pre-forclosure homes and the owners are close to just walking away from the home.
So why not take advantage of the first time home buyer credit, or the newly integrated existing home buyer tax credit and purchase one of these homes in Logan Utah. There really isn’t a better place to live for a quality of life you can’t find anywhere else.
