There are over 500 houses for sale in Lehi and a good number of townhomes and condominiums as well. Lehi offers a good selection of sizes and styles of homes. There are many older homes as well as new developments in areas like Thanksgiving Village at Thanksgiving Point. In '07 the average price of houses sold was $309,000 with a median sold price of $269,000 for single family houses. There were almost 700 houses sold in '07. There are plenty of houses on the market. MLS listings and for sale by owner houses. The links below will help you find new construction home listings, homes for sale by owner, and Lehi foreclosure homes with pictures and detailed descriptions.
Lehi Condos for Sale - If you want a nicer home, but don't have time to maintain a yard then a Lehi condo might be a good solution for you. Lehi has a plethora of condominium complexes to choose from including brand new complexes near the point of the Mountain. Some of the major Lehi Condo Associations Include: Pheasant Pointe, Westbury, Westbury at Pleasant Point, Pleasant Point, Pheasant Point, Boardwalk townhomes, PV West, Gray Farms, Pilgrims Landings, Cooper Hollow, Promenade, Gables Thanksgiving, Cooper's Hollow, Culter Crossing, CLBV TWN IVRYRDG, Ivory Townhomes, Sunset Hollow, and GRA Condos, Condominiums often offer better locations and ammenities. Home Many of these complexes including Gray Farms Condos and Westbury are new and have many upgrades including alder cabinetns and granite counter tops. Owners Insurance on condos is also cheaper than single family homes as the exterior of condos is usually covered by the monthly HOA fee.
Once your offer is accepted, you're only half way done. There are still several important things we need to pay close attention too.
6. Complete Necessary Inspections
Unless you are paying Cash, you will need an appraisal. Your lender will arrange the appraisal. The purpose of the appraisal is to verify that your home is really worth what you have offered.
You will also probably want a home inspection. There are several things home inspectors can test such as structural condition, mold, meth, radon, or pest
inspections. I will help you arrange these inspections and will make sure they are completed by their deadlines. As long as the deadlines are met, the seller may be required to fix certain problems found during the inspections. Nearly every home inspection I have ever been part of has found more seller warrantied faults than the cost of the inspection.
7. Finalize The Loan
Getting your loan to go through is sometimes the most painful part of the real estate purchase process. Even
when you are pre-approved, underwriters often throw you through loops and require you provide all kinds of
ridiculous information at the last moment. Employment verification, bank statements, divorce decree's, payoff notices, business cards, etc. Plan for this take a lot longer than it should, and press your lender to get things done long before settlement is scheduled.
Your mortgage lender will also require that you are set up with home owners insurance. Check the costs of home owners insurance as soon as you can. This can make a substantial difference in your monthly payment, and if it is too high, you can back out of the contract if you give notice by the deadline.
8. Settlement
At settlement you, me, sometimes the lender, and a title officer meet at a Title Company (A neutral third party that gatheres all the documents and funds). We go over all the paperwork, loan forms, and make sure the dollar figures, prorations, and arrangements are correct. The title companies also provide us with drinks and delicious treats. The title company then proceeds to collect and distribute funds.
The title companies also issue a policy of "Title Insurance" which guarantees the real property is rightfully yours, and that no one else has claim to it.
9. Recording
After you have signed your settlement papers, and all stipulations have been met, the title company records you as the new owner of the property at the county office. This usually takes place the day following settlement, but depending on your lender, and the time you settle it could take longer. Once the transaction is recorded at the County Office, the property is officially, and legally yours.
