What to Expect When Buying a Home in Utah

What does under contract mean?
It means a seller has accepted an offer, and the deal is pending, but not finalized until closing.

How does earnest money work in Utah?
Buyers deposit 1–3% of the purchase price as a sign of good faith. It’s held in escrow and goes toward closing costs.

What are contingencies?
Conditions that must be met before closing, like inspection, financing, and appraisal. They protect both buyer and seller.

Can I back out of a home purchase?
Yes, during contingency periods. After those dates pass, backing out may result in losing your earnest money.

What’s a home inspection and what does it include?
A licensed inspector checks roof, structure, plumbing, electrical, HVAC, and more, looking for defects and safety issues.

Do I need a survey?
Not always, but it’s helpful for new builds, land purchases, or homes with unclear boundaries or fencing disputes.

What’s included in closing paperwork?
Loan documents, deed transfer, title insurance, disclosures, and a final settlement statement showing all costs.

What happens on closing day?
You sign documents, funds are transferred, and the title is recorded. Once recorded, keys are released!

What does title insurance cover?
It protects you and your lender against legal claims or issues with ownership (like liens or boundary disputes).

What if there’s a lien on the home I want to buy?
The seller must resolve it before closing. Title companies will catch this during the title search.