Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 4 years ago, 03/11/2021
Looking to House Hack in Utah County/Salt Lake County
Hi! Newbie investor here. Looking to start by house-hacking in Utah, but the market here is wild right now -- prices are climbing and buyers are paying significantly over appraised value. I've had 4 offers not accepted. My most aggressive was offering 55k over the asking price (390 for one listed at 355), but the house went to someone who was willing to waive the appraisal contingency. Wondering if anyone out there is also dealing with the Utah market, or somewhere similarly competitive. Any thoughts on where to look to avoid competitors who have the cash to pay over appraisal?
Thanks!