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House committee holds bill that would give homebuyers brief priority over investor offers in Salt Lake County
Summary
Representative Bennion introduced a first substitute to House Bill 151 that would give purchaser‑occupants a 30‑day priority window on single‑family homes in Salt Lake County unless a seller asserts an exigent circumstance.
Representative Bennion spoke to House Bill 151, a first substitute titled the "home sales amendments," introducing a proposal that would require a purchaser who intends to occupy a single‑family home in Salt Lake County to sign an affidavit of intent and give owner‑occupant buyers a 30‑day window at the start of a listing. Bennion said the change is meant to address a decline in homeownership and to give first‑time buyers a better chance against investors who often make faster, cash offers.
The bill’s sponsor said the measure includes an exemption allowing a seller to assert an exigent circumstance at any point and sell to any buyer. Lisa Thompson, a Salt Lake County real estate agent and former loan officer who…
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