🚨 Are Wholesalers Taking Homeowners’ Equity?

Real Estate Issue #26 - Two major Farmington housing proposals, rising spring momentum, and a blunt warning from Todd Porter.

07 Mar

Welcome to this week’s Home Sweet Buzz Real Estate Edition!

Spring activity is starting to build across Davis County. In this issue, we’re breaking down the latest market numbers, new housing proposals in Farmington, featured listings and open houses, and answering a great question about wholesaling in real estate. Plus, watch a new video message from sponsor Todd Porter about protecting your home’s equity.

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In this Issue . . .

📊 Local Market Snapshot - 🏡 Spring Momentum Is Building in Davis County

Real Estate News: 🏘️ Farmington Considers 40-Acre Housing Project & 🏗️ 163 Townhomes Proposed Near Station Park

💬 Ask a Realtor:
Question of the week: “Wholesaling in real estate: is it a smart shortcut or an expensive mistake?”

🎥 New Video Message from our Sponsor - Todd Porter: "Don’t Let a Wholesaler Steal Your Equity"

📣 🐝 The Bountiful Buzz VIP PASS is LIVE — and it’s totally FREE!

💛 Readers Poll - What interests you most when it comes to Real Estate?

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Brought to byTodd Porter, SURE Synergy United Real Estate Group

🏡 Spring Momentum Is Building in Davis County

Early March often gives us a good hint about where the real estate market is headed for the rest of the year. And right now, the numbers across Davis County are starting to send a clear signal.

As of March 6, 2026, there are about 703 homes for sale across Davis County, while 421 homes are already under contract. Just a couple of weeks earlier there were about 657 homes for sale and only 317 under contract.

In other words, inventory grew slightly — but buyer activity surged, with more than 100 additional homes moving under contract in a short period of time.

When contracts rise faster than inventory, it’s usually a sign the market is waking up for spring.

📍 What’s Happening in Bountiful

Bountiful reflects the same pattern. There are currently about 63 homes available, with 41 already under contract, and recent closings showing a median sales price around $577,500.

When a large share of available homes are already spoken for, it tells us buyers are actively absorbing the inventory coming onto the market.

⏳ Buyers Still Have a Window

Homes are still taking longer to sell than they did during the frenzy years. In many parts of Davis County, listings are sitting 70 to 100 days depending on the city.

That slower pace actually creates a unique moment for buyers — there is still some negotiating power.

But that window rarely lasts long.

Once buyer demand rises enough that multiple offers become common again, the leverage tends to flip quickly back toward sellers.

🌎 The Bigger Picture

Inflation over the past few years pushed prices up more than 20% since 2021, which has led many homeowners and investors to focus on tangible assets like real estate that historically hold value during inflation.

Utah also continues to attract new residents looking for strong job growth, economic stability, and quality of life. That steady migration has helped keep housing markets along the Wasatch Front resilient.

📈 The Bottom Line

The Davis County market isn’t slowing down — it’s transitioning into its next phase.

Buyer activity is rising, contracts are climbing, and inventory is gradually being absorbed. But for now, buyers still have choices and room to negotiate.

As spring unfolds, that balance could shift quickly.

For buyers who have been waiting for the right moment, early spring may be one of the last opportunities to move before competition heats up again.

“Custom EPIC Report”

If for any reason, property tax concerns, estate planning, wealth evaluation, you are wondering what the present value of your home; scan this QR code or go to https://sureut.com/epicreport and we will promptly provide you with our detailed professionally engineered EPIC Report:

🏘️ Farmington Considers 40-Acre Housing Project

Farmington leaders are reviewing a proposal to rezone about 40 acres east of 200 East between roughly 1100 and 1500 South. The change would shift the land from agriculture-foothill zoning to large residential-foothill zoning to allow a new subdivision called “The Farmington Reserve – The Garden.” The project is still in the planning process and would need city approvals before construction can begin.

Why It Matters: If approved, the project would add a sizable new neighborhood to Farmington as the city continues to grow. 👉 details

🏗️ 163 Townhomes Proposed Near Station Park

Farmington leaders are reviewing the proposed Evans Townhomes project, which would bring 163 townhomes to about 14.5 acres near Innovator Drive. The site sits in the rapidly growing Station Park/Innovator corridor, an area seeing steady residential and mixed-use development. The proposal is currently under review by the Farmington Planning Commission.

Why It Matters: More higher-density housing near Station Park could shape traffic, housing availability, and neighborhood growth in one of South Davis County’s busiest development zones.

💬 Real Estate Q & A

💬 What Is Wholesaling in Real Estate?

Leilani asked a great question on Unstoppable Buzz:
“What is wholesaling? It sounds suspicious. Are people just selling paper?”

🧠 Todd’s Answer

Great question. The concept sounds complicated, but the structure is actually pretty simple.

In a typical wholesale deal, an investor asks a homeowner to sign a contract agreeing to sell the property at a certain price. Instead of buying the property themselves, the wholesaler then assigns that contract to another buyer, usually a rehab investor. That second buyer closes on the property, and the wholesaler collects an assignment fee for putting the deal together.

In many cases, the wholesaler never owns the home at all. What they’re really selling is the contract itself, which is why people sometimes say wholesalers are “selling paper.”

When done correctly, wholesaling can be legal because the wholesaler has what’s called equitable interest in the property through the contract. But the structure also explains why wholesale offers are usually much lower than open market value.

Think about the math. The investor who ultimately buys the property still needs room for repairs, holding costs, closing costs, and profit. The wholesaler also needs their assignment fee. All of that comes out of the price offered to the homeowner. As a result, many wholesale offers land somewhere around 50–70% of what the property might sell for on the open market.

Now to be fair, there are situations where sellers choose this route. Wholesaling can offer speed, privacy, and convenience. Homes are usually sold as-is, without repairs or showings, and deals can close quickly. For someone dealing with a distressed property, inherited home, financial pressure, or a house that needs major work, that simplicity can be appealing.

But here’s the part many homeowners don’t realize.

A good real estate agent can often sell the same home quickly without forcing the seller to give up a huge portion of their equity. There are plenty of buyers looking for fixer opportunities, and when a property is properly exposed to the full market, competition often drives the price much higher.

I’ve seen this firsthand. In one case, a seller was considering investor offers between $220,000 and $350,000. Instead, we marketed the property publicly and it ultimately sold for $550,000 — roughly $200,000 more than the highest investor offer, even after commissions.

The real issue with wholesaling isn’t necessarily the practice itself. It’s information imbalance. Investors often know the property’s potential value, while homeowners may not fully understand what their home could bring on the open market.

The solution isn’t more government regulation.
The solution is education.

Homeowners deserve to understand their options before signing a contract that could cost them a large portion of their equity.

If you’re ever curious what your home might actually be worth in today’s market, feel free to reach out.

📞 Todd Porter (“Utah Todd”) – 801-755-1882
No pressure. Just clear information so you can make the decision that’s best for you and your family.

“Wholesaling in real estate: is it a smart shortcut or an expensive mistake?”

Got a Real Estate question?
👉 Submit a question for next week’s edition 
Call me at 801-755-1882, and let’s build your
custom plan to win in this market.

"Don’t Let a Wholesaler Steal Your Equity"

👇 Click pic below to hear Todd’s Message!
(Message changes each week!)
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📱Call/Text: 801-755-1882
📧 Email: [email protected]

Thanks for buzzing with us in this week’s Home Sweet Buzz!

Have an AMAZING weekend!

— Brenda 🐝

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