Tooele homebuilder eases homeownership struggles with innovative programs

Estimated read time: 3-4
minutes

The housing market in Utah and across the country has witnessed significant shifts in recent years. In October 2018, the average sale price of homes in Utah was $325,000, according to Redfin. Fast forward to October 2023, and the median price has surged to $555,000. The escalating home prices and soaring demand have left many prospective buyers facing financial challenges.

Amidst this scenario, Goldcrest Homes, a local builder, aims to make the dream of homeownership more attainable by introducing a range of cost-saving programs.

Current state of the Utah real estate market

According to the University of Utah’s yearly State of the State’s Housing Market report, experts are optimistic. Despite the volatility and “whiplash” induced by the pandemic housing rush, the hope is Utah’s robust economy and sustained growth will keep the housing market growing strong.

While high interest rates triggered a contraction and a price correction, they were not sufficient to enhance affordability for many Utahns. Mortgage rates are projected to ease slightly in 2024 but will remain relatively high, as reported by Katie McKellar for the Deseret News.

Innovative initiatives by Goldcrest Homes

Recognizing the difficulty for buyers to afford homes in the current market, homebuilders in Utah are getting creative.

Goldcrest Homes, a premier builder located just 30 minutes from Salt Lake City in the burgeoning Tooele area, has emerged with a unique promotion. Tooele County, identified as the fastest-growing county in Utah by the U.S. Census Bureau, is where Goldcrest Homes is making its mark with modern, gorgeous homes.

As part of a limited-time offer extending until June 2024, Goldcrest Homes is taking an unconventional approach to assist new buyers. If you become pre-qualified through one of Goldcrest Homes’ preferred lenders, and choose a home available for quick move-in, the builder will cover your mortgage payments until June 2024!

The standard features of these Tooele homes are impressive, including a finished basement with 9-foot ceilings, quartz countertops, LVP flooring, and soft-close cabinetry. Additionally, the homes come with a finished garage equipped with a 220V electric car charger and completed front landscaping, including a sprinkler system.

Recognizing that some buyers may want a new home without the hassle of selling their current one, Goldcrest Homes offers a convenient trade-in program. The company will purchase your existing home with cash, and for a limited time, are offering an additional $10,000 as an incentive when you trade in your home.

About Goldcrest Homes

Goldcrest Homes, a leading Utah homebuilder, is currently active in Tooele, Bear Lake, and American Fork. The company is renowned for prioritizing buyers, as evidenced by their refusal to engage in “bidding wars” and their commitment to awarding a home to the first qualified buyer. In the 2022 Parade of Homes, Goldcrest Homes received awards for Best Craftsmanship, Best Interior, and Curb Appeal.

For those interested in exploring their Tooele development, Goldcrest Homes hosts an open house every weekend at 810 N. 520 E. in Tooele. Alternatively, prospective buyers can call 801-990-4998 to schedule a private showing. Further information is available at goldcresthomes.com.