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ShirLee's 'Utah Real Estate-Online Blog' provides Real Estate educational information to consumers and homeowners, providing real estate services throughout Salt Lake City and Beyond...
Thursday, September 26, 2013
Weekly Events in Salt Lake City and Beyond...
Friday, July 26, 2013
Last Month’s Foreclosure Rise May Renew Buyer Interest
Bank-Owned Home Negotiating Takes Experience, Patience
Last month’s RealtyTrac
foreclosure roundup showed that for the first time in a while foreclosure
activity across the nation was on the increase. Largely due to an 11%
month-over-month increase in bank repossessions (REOs), U.S. foreclosure starts
increased 4% from the previous month. It wouldn’t be surprising if that kind of
news winds up resulting in renewed buyer interest in the bank-owned home market.
Daren Blomquist, RealtyTrac’s vice
president, had previously pointed out the state of the market. “While
distressed properties — whether bank-owned, pre-foreclosure or short sales not
in foreclosure — are still selling at a significant discount compared to
non-distressed properties, average distressed property prices are increasing in
many markets thanks to strong demand and limited inventory.”
Now, that inventory is growing, too.
Achieving the best end result from today’s REO prospects does take
skill in dealing with the bank. Naturally, it’s a good starting point to team
with an experienced agent. Knowledge is power, and being able to rely on a
professional with a recent history of successful negotiations is the surest way
to approach a bank. The guidance you get can make all the difference when it
comes to writing a winning proposal.
Do consider properties that have been slow to move. Even if some
bank-owned homes in Salt Lake City and Beyond are flying off the
market after multiple offers, properties with a history of failing to sell can
be your ripest targets. Don’t automatically be put off by the prospect of homes
that clearly need some repairs. It may be possible to still save handsomely
after adjusting for refurbishment and maintenance.
If you find a bank-owned home with potential, it’s important to
steel yourself for the possibility of being outbid by a less cautious buyer. If
you’re also prepared to take your time – to really play hardball with the bank
— you may lose any given property, but are in the right frame of mind to make
the most of a bank-owned home
opportunity.
Whether you’re looking for a bank-owned home in Salt Lake City and Beyond – or just a great property – I’m here to help
my buyers get the best deal possible!
Wednesday, July 24, 2013
Your Utah Home for Sale Moves Faster When…
‘Seller Sabotage’ Can Affect a Utah Home for Sale; Two Traps to Avoid
If
you’ve listed your Utah home for sale this summer, no matter what your future plans may be, they
won’t get under way until Job One is accomplished: turning your front yard
‘Home For Sale’ sign into one that reads ‘Sold!’
That’s why the last
thing you need is to inadvertently hinder the sale yourself. There are a few
traps that sellers can easily avoid, so if you plan to list your home for sale
in Salt Lake City and Beyond this summer, it’s
important to be aware of two of the most common ones:
Hanging Around
Real
estate is at least partially an emotional affair. When the seller is right
there hovering during a showing, his house remains just that – his. You want
your potential buyers to linger — spend time imagining themselves in the place
— rather than feeling like they are intruding on someone else’s turf. So relax;
let your agent point to the special features you think should be highlighted.
You’ll be free to take an hour or two for errands in town.
Limiting Showings
It
only takes that one prospect to fall in love with your home and make a
successful sale. But if that one party isn’t able to see your property,
everyone misses out. The key is for your place to be available during the time
when they are free to be out searching Utah
homes for sale — and that may be Tuesday morning or Saturday afternoon. The
more serious you are about selling, the less stringent your requirements for
advance notice should be.
Of
course, your agent will always agree to a reasonable set of hours. For
instance, any time Monday through Friday from 9am to 3pm with an hour’s notice;
weekends between 10am - 5pm with two hours’ notice. The fact is, truly
determined sellers very rarely require 24 or 48 hours’ notice. Those can be
effective deal-squelchers!
Selling
homes in Salt Lake City and Beyond — working with you to attract
top dollar for your property — is what I’m good at. Call anytime to discuss how
we can work together to get that ‘Sold!’ sign planted in your front
yard!
Tuesday, July 16, 2013
Weekly Events in Salt Lake City and Beyond...
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