Moving to Utah from Canada

Asked by Szoczek, 14301 Sun Mar 10, 2013

My husband is considering a transfer to the greater Salt Lake area. We have next to no understanding of American closing costs, financing, property tax assessments, etc. Basically, what fees are involved above and beyond the purchase price of a house?

Help the community by answering this question:

+ web reference
Web reference:


Sharon Eastm…, Agent, Park City, UT
Sun Mar 10, 2013
Hi Szoczek!

That is an exciting opportunity! I hope that you decide to make the move! I specialize in property in the Park City area. It is just 30 minutes east of Salt Lake City and many people commute to SLC because it is such an incredible place to is the recreation capital of Utah! You may know of the Sundance Film Festival...most of that takes place in Park City....also most of the events of the 2002 Winter Olympics were here. So don't make any decisions about a place to live until you have investigated Park City.....and of course I would love to show you around.

In addition to the price of the home, at closing you will pay title insurance fee (this amount varies depending on your loan amount), the lender will charge you approx. 1% origination fee and misc. smaller fees, you will have an appraisal fee....and will probably want to get a home inspection (the fee for this depends on the size of the home).

Property taxes are approximately .55 of 1% of the property assesset value per annum.

If you can give me more particulars about the price range that you would be looking in, I can follow up with more definite numbers.

Would love to help however I can.

Cheers and Good Luck,

Sharon Eastman
Associate Broker
1 vote
Fabian Amari…, Agent, Ogden, UT
Mon Mar 11, 2013
Good afternoon, Szoczek;

I've gathered that you have the answers you were looking for about the fees and the markets.

I won't brag about Utah or my work. Moving to Utah from Canada (or any other place--I'm Argentine) will be a cultural shock, no matter how you look at it...and you already know that.

I specialize in working with buyers (at their own pace) in the Salt Lake Area and am fully aware of the good, the bad and the ugly. I'm sure you're considering aspects beyond the housing market with your husband.

As far as the buyer's agency costs (working with an agent to represent your interest), there shouldn't be any cost to you. The compensation offered by the seller on any given listing, towards the buyer's brokerage, is the compensation most agents will deem fair and you shouldn't have to come up with any money to bridge the gap, should there be one.

Please feel free to ask me any questions you deem pertinent about the market or any other statistic relevant to your interests.

Fabian A. Amarillo
0 votes
Micah Olson, Agent, Orem, UT
Mon Mar 11, 2013
Great questions. Before I get started, welcome in advance to Utah! I love it here. Great place to live.

Closing Costs - Title insurance, Property taxes, recording fees, etc, generally add up to be about 3% of the purchase price of the home. If the purchase price is higher, that percentage can be lower, and visa versa. That is the buyers responsibility. However many buyers who are short in funds, or wanting to conserve their savings will ask the seller to pay the costs, and typically, if the total offered price is high enough the sellers will comply.

Agent Comission - The buyers agent commission is paid by the sellers agent from the proceeds of the sale. However, it is becoming common in Utah for the sellers agent to offer a smaller commission than the typical 3%, especially on short sales. So on some properties you could be asked to cover a portion of the commissions. Generally not more than .5%.

The market is very fast here right now. Utah has been ranked by forbes and several other good sources as one of the best places to live in the country. The econony is good, and home prices have risen about 9% in the last year. You will want to have an agent who is FAST at getting you property information, and able to get you to homes before other buyers. I have a six step program that virtually guarentees my buyers of gettuing to most homes before anyone else. Take a look -… .

Micah Olson
Keller WIlliams Realty
0 votes
Gary Parker, Agent, Kearns, UT
Sun Mar 10, 2013
As others have answered your questions about related costs to purchasing a home in the SLC area and your financing questions, I would like to brag up SLC a bit. If you and your family enjoy the out doors you really cant beat this area. I would be happy to answer any of your questions reguarding Salt Lake. Just contact me through my web site. While you are there you can search current listings to give you an idea of what is available. If you let me know your price range, house size and any other information I can help you narrow your search. Good luck with your decision making process!
Web Reference:
0 votes
Pat Kiel, Agent, SLC, UT
Sun Mar 10, 2013
I love helping my clients become the most knowledgable buyer in the market. If you would like to check out my website you will not only find the homes that are available but also great information on Utah. Click on the Market Insider button.
0 votes
Chris Martin…, Agent, Midvale, UT
Sun Mar 10, 2013
The closing cost should at most be 3% the higher the purchase price the lower they usually go. In the US you don't have to pay a Realtor to help you find a home. I believe in Canada you have to pay for having a agent represent you to buy a home. The seller pays for the buyers agent in the US.
0 votes
Donovan Allp…, Agent, Orem, UT
Sun Mar 10, 2013
Great questions! The fees for purchasing a home in Utah are typically about 3% of the purchase price, and can be covered mostly or entirely by the seller of the property.

I live in the Salt Lake Valley and have a great knowledge of the entire area because I work with a lot of people who are relocating. I have a system for helping people choose where they're going to live particularly if they aren't familiar with the Salt Lake area.

Fell free to contact me or visit my website. for more information.
0 votes
Cheryl Lyon, Agent, Draper, UT
Sun Mar 10, 2013
Good morning Szoczek,

You will love Salt Lake City! As a transplanted Canadian, and having lived in several provinces & states, I chose Salt Lake City to live & raise my family.

There are other specific considerations in addition to the additional costs of purchasing real estate (Sharon shared a good overview), for buyers with non US citizenship status. Jeremy Coccimiglio with Axiom Financial (801.201.4500 or knows how to guide you. He helped many of my clients who have moved here from many different countries.

Of course, when the time comes to explore the Salt Lake City area, I can do that!

Warm regards,
Cheryl Lyon
Coldwell Banker Residential Brokerage
0 votes
Jordan Mercer, Agent, Sandy, UT
Sun Mar 10, 2013
3% of the purchase price usually covers closing costs. The buyer will ask the seller to pay their CC on a single family home in most cases.
0 votes
Search Advice
Ask our community a question

Email me when…

Learn more