The Salt Lake City market continues to amaze me with it's appreciation gain. The four bedroom, two and a half bath two car garage pre-construction home I bought in September of 2006 has gone from $259,000 to $345,000 in nine months. St George Utah is even hotter. If you are considering buying in either of these markets be sure to do your research. Find out what areas and what type of properties are in demand in these hot markets. Use realtor.com to find listing agents and ask several of them what they think is the best property to buy and what are other investors buying. Be sure and start out the conversation with " I'm calling about your listing I saw on realtor.com, could you please tell me about it"? Then you can transition into market questions.
Good luck!
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So you live in Colorado but you are buying in Utah? Do you actually visit these sites or do you do your business long distance?
And when you buy pre-constructions do you try to sell them immeadiately upon completion or do you hold on to them for a while?
Have you ever had trouble with a construction company who sold you a pre-construction and then tried to raise the price later on due to the escalating prices of contruction materials?
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