Lots in Utah County rose like an internet stock from
2000-2007. However, from 2007-2012 the prices sank by up
to 70% from their high. For example, I sold a half acre
lot in a beautiful subdivision in
Mapleton Utah for $65k. The lots around it sold a
few years earlier for $220k. This is a considerable
decrease.
If you want a lot, the cheapest place to start is to
find an older home on a large lot. I can often find a large
lot with an older home that is worth the price of the lot.
This means the home is practically free because of the value
of the land.
When you are looking for a home with acreage, having current
and accurate knowledge of what properties in Utah County are
listed for is important. Our FREE Land Buyer's Early Bird
Club specializes in researching and providing you with the
latest information about the very best buys on private
acreage homes in Utah County (1 acres and up) that are
currently on the market.
Our automated Early Bird Service enables you to get priority
access to the hottest new listings in Utah County – giving
you the competitive edge in finding the best buys before
other buyers even know they exist. After all, the best deals
quickly get snatched up by smart buyers like you.
Request a list of lots for sale from Utah County
Here Are Some Tips to Buying a Lot in Utah
County
Use our "Map Search" above and select "Land and
Lots." This is an excellent source for finding lots
for sale in Utah County. Contact Paul for more
information about the lot. Paul instantly has much
more information about the lot for sale. The public
MLS does not allow all information to be published
online. Consider the location in Utah County
carefully, as well as proximity to shopping
districts and parks, quality of the schools, traffic
and congestion, public transit and the crime rate.
Look at the lay of the land. Features such as steep
drop-offs, drainage problems or poor access roads
may increase costs.
Find out if utilities such as gas, electricity,
sewer, garbage and water are available, especially
if you are buying a lot off the beaten path, and how
much it will cost to access them. Many land buyers
underestimate the cost of bringing utilities to the
lot. Find out if the land you are looking to
purchase has improvements or not.
Define in general terms the structure you'd like to
build, including square footage, number of floors,
number and types of rooms, architectural style, as
well as any specific features you want, such as a
pool or large deck. Depending on the size and design
of your home, a particular lot may or may not work.
Each lot will have setback lines according to the
plot plan and city requirements. A home can
not be built outside of the setback lines. Recently
I had a buyer fall in love with a
improved lot in Santaquin, Utah and she
discovered that a two car garage could fit and that
a three car garage could not fit. Unfortunately, she
had to cancel the contract because she wanted a
three car garage.
Investigate what the future holds for neighboring
properties. Will other homes be built? How many
homes could be built? Are they zoned for residential
or could commercial buildings be put in? How will
this affect parking and traffic in the area? Is
there a possibility of additional buildings or roads
being added in the future? How will your view be
impacted? Does the land required a monthly,
quarterly, or yearly HOA fee?
Hire a surveyor to map out the specifics of the
property. A Utah County title company can order this
or refer you to a suitable surveyor. Costs will vary
according to the time needed for the survey and how
difficult the job is. Ask for estimates. Buy owner's
title insurance. This coverage lets you gain clear
title to the property. The cost will depend on the
value of the land.
Put down earnest money to hold the property while
you close the lot. Typically $500 to $1000 will hold
a lot in Utah County.