SunCrest News May 24, 2017

Neighborhood Appreciation Night at The Ridge

Come enjoy the warm weather, delicious food, and live entertainment this Wednesday May 24th during Neighborhood Appreciation Night at The Ridge! It’s an open house style event, just drop by anytime after 6PM.

All SunCrest residents will receive a 20% discount on pizza and wings. Resident legend Fairley Sparks and his Wayfaring Stranger will provide live music. We are proudly sponsoring a raffle drawing for a $50 gift card to The Ridge Market & Café.

SunCrest Homes May 20, 2017

1451 E. Meadow Bluff Lane | Right on time

$699,000 | 5,056 sq. ft. | 4 beds | 3.5 baths

“If only I could find the time…” How often do we say that? Lean in close, because we have a secret: we found it. After years of searching, it turns out more time was hiding in this stunning Deer Ridge custom home.

A massive covered deck means more time to take in the sunset or host a BBQ. Time for you with the main level living.

Gorgeous hardwood floors and spacious windows everywhere flood the space with natural light for a bright, timeless feeling.

The gourmet kitchen makes everything a breeze and gives you time to try that recipe, using the stainless steel appliances, granite countertops, and convection oven.

Three fireplaces give you options and time to read a book on a cool evening.

Time outside, you say? Forget yardwork. Mature trees, natural gambel oak, and perennials around the landscape will free up your weekend time for summer fun. We’re thinking time to sit by the fire pit and create new memories!

Not only does this home feature some of the most breathtaking panoramic views of Lone Peak, the Oquirrhs or the city lights of Salt Lake, but it also gives you the kind of time you’d like to really soak them up.

Our advice: take time to see this home before it’s gone.

SunCrest Market Updates May 18, 2017

May SunCrest Market Update

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Appraisals, appraisals, appraisals

It’s no secret that SunCrest home values have increased dramatically over the past two years. Gone are the days of homeowners drowning with an “underwater” mortgage (yay!) and many SunCrest homeowners who purchased at the bottom of the market are sitting on substantial amounts of equity. However, in a hot SunCrest real estate market, buyers and sellers are being faced with a challenge: The Appraisal.

Unless it’s an all cash purchase, each home must be sold twice. First to a prospective buyer who makes an offer, and second to the appraiser who must agree that it’s worth what a buyer is offering. When a market sees rapidly rising prices, appraisal values may lag behind and that second sale can be more difficult than the first.

In a sizzlin’ SunCrest real estate market, SunCrest homes are receiving multiple offers and offers above list price. The appraiser is then tasked with supporting the buyers and sellers opinions of value. The problem? In many cases, the appraiser’s opinion of value is different than the contract price. According to a recent report by Quicken Loans, the gap between homeowners opinion of value and that of an appraiser continues to widen. This growing gap is causing some hiccups to an already emotional process.

 Our take: 

The appraisal came in low. Now what? Our advice: be prepared. At the time an offer is submitted and reviewed, discuss the options of the “what if the appraisal comes in low?” Are the REALTOR and seller prepared to dispute the value if they feel it is wrong? Does a buyer have the ability to pay above the appraised value and/or work with their lender to restructure a loan? Having a professional on your team who is able to support, educate, and most importantly communicate the contract value may not only help a buyer or seller achieve their SunCrest real estate goals but save potentially thousands (even tens of thousands) in the event of a challenging appraisal value.


Our SunCrest Market Update is a hyper-local analysis of the most up-to-date information regarding the SunCrest real estate market.  The previous month’s SunCrest housing information and future editions are released monthly.