Southern Utah Real Estate...Due Diligence, Don't Assume

Another Strange Transaction…

By SaintGeorgeHomes.net

Well it’s been a busy week on many fronts…one of my more interesting transactions has come to an end… Mr. Buyer is looking for an REO property with a multi car garage. OK. Found it…the home was built in 2004. There is an existing tax I.D. on the property, the home has been lived in from 2004 to present. It sits in a neighborhood that has $500k – $700k homes all around.

When I went to the city of Saint George to check and see if the property had a permit pulled for what looked like a commercial paint booth in this eight car, 2,000 sq. ft. garage, not only was there not a permit for the paint booth, there was never a Certificate of Occupancy given to the home by the city of Saint George.

When I approached the city about the fact that there was indeed a home on this lot, ( a big home 5,000 sq. ft.) the person at the desk down in the city permit and zoning office, huffed at me that there was nothing that she could do. I then asked how you have a file on a home under construction that only has a pass on final electrical and nothing else?…its hooked up to city sewer, gets city power, pays the city property taxes and yet, its not there issue. Wow! Finally got the CO, only to have the lender change the terms on the loan that the Buyer was going to use…

That being the short version of some of the strange variables that happens in any given transaction…bottom line is exercise you’re Due Diligence

All of that being said… its 6/18/09…I keep these live links posted for the different search criteria that I receive the most requests for.

• Southern Utah Foreclosures
• Southern Utah Adult Communities
• Southern Utah Golf Homes
• Washington City Utah Homes & Condos
• Santa Clara Utah Homes & Condos
• Southern Utah Horse Property
• Washington County Board Of Realtors Hot Sheet

This last handy little link will pull you into The Washington Country Board of Realtors MLS system. From there you can see the newest MLS listings on the WCBR MLS system as well as all price reductions…Knowledge is Power!

As of today June 18, 2009 there are currently on the Washington County Board of Realtors MLS system…

• 74 Active Southern Utah Foreclosures in Saint George Utah on the WCBR MLS system
• 182 Closed Southern Utah Single Family Homes & Condo’s in St George Utah, on MLS from 5/18/09 thru 6/18/09.
• 1,535 Active Single Family Homes & Condo’s in the Greater Saint George area of Southern Utah on WCBR MLS
• 291 Southern Utah Single Family Homes & Condos in the Greater Saint George area currently under contract or “pending”

In any event its off to Twitter…I have few Twitter names, and here are two: StGeorgeHomes or EquityStGeorge. I post these same stats there if you would like to get…”Just The Fact’s” Till Tomorrow. Saint George Homes.