Buyers Market

Found 10 blog entries about Buyers Market.

goBE Realty has won Daybreak's team award for most new home sales in 2016

Pictured above Left to Right: Durven Wilson, Tammy Casper, Dave Aughey, "Utah Dave" Robison, Kent Sorensen, Shalee John, Dave Marrott, Jeanette Parker

goBE Realty also claimed this award for the previous year in 2015. goBE Realty agents specialize in Daybreak. All of our agents are full time Realtors. We sell 400% more homes than the average real estate agent. With our team approach we can show a home within 15 minutes and someone is always available to answer your calls. 

Not only that but "Utah Dave" Robison won the award for sales agent with the most new home sales in Daybreak for 2016.

"Utah Dave" also claimed this award in 2015 for most new home sales in

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How Do You Know Which Real Estate Agent Has Better Marketing and Results? 

 

If you bump into any real estate agent, they are bound to tell you how good the market is today, and how they have sold homes in day or so. Maybe even a friend or neighbor will tell you their own story.  Even in a great market your results from your home sale differ though! 

The difference may be in price, concessions, inspection negotiations, days on market, if there are appraisal or loan issues or even in just handling the overall transaction smoothly.  Some of these differences will go by unnoticed to the seller.  So how do you really know you are going to get the best results?  In Daybreak there have been 461 new homes listed on the market.  Only 181 have sold so

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EXHIBIT A: Listed with a different Brokerage

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The home above was on the market 4 months and NEVER SOLD. Last listed at $339k (Below what we sold the exact home for shown below) This home has 3 tone paint, real hardwood floors, updated colors, and modern white kitchen with granite and backsplash. It's also partly fenced.

 

EXHIBIT B: Listed with Utah Dave @ goBE Realty

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Meanwhile, this home sold for $340k in 3 weeks.   It only has 2 tone paint and brown colors. Formica counters throughout kitchen and upstairs instead of granite like the home above.​ Laminate hardwood not real hardwood floors. Also, no fence on this home as opposed to the partially fenced home that dind't sell. The only other difference between this home and the one above

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Same Builder... Same House... Same Area... Same Time on Market.... VERY DIFFERENT RESULTS

 

THEIRS: (LISTED WITH A DIFFERENT COMPANY: good experienced agent and brokerage)

House 2On the market for almost 2 years!

Ended with a Lease Option for thousands less than ours. 

Fully finished basement with wet bar

Larger yard/ lot

More upgrades in Master Bath

 

 

OURS: LISTED with UTAHDAVE of goBE Realty

Offers within a few days!House 1

Sold for $345k

Only a partially finished basement

Smaller lot than comparable home above

 

 

Utah is a non-disclosure state on sales price. To gain sold data on listings that aren't ours call 801-966-4000.

As you can see in the apple to apple comparison that you see above, the real estate

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FHA loan limits have increased! The FHA loan limits went from $304,500 to $312,800 in Salt Lake County. What dose this mean to buyers and sellers? If you buy in Salt Lake County with an FHA loan purchase price (typically putting down 3.5%) this makes your ​purchase power increase from last year approximately $8,000.

Something for Sellers to keep in mind: if you list your home for $325,000-$440,000 you are only making your home available to buyers that are able to put 5% down (this price range is above the 3.5% down FHA limit). However;  if you list at $325,000 you then add a plethora of buyers to your purchasing pool by including 5% down buyers AND 3.5% down buyers. This makes your home an option for many more buyers and your ability to sell that

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Stylish two story in Daybreak. Open and modern kitchen with granite counters, stainless appliances and a built-in work space. Upstairs enjoy a bonus loft area great for an office area, toy area, or whatever your need may be. Enjoy the convenience of laundry on the same level as master and bedrooms. Spacious master with large walk-in closet, separate bath and shower, and double sinks. Fully finished basement with family room. Private, fenced yard and alley access to garage. Easy to show! Call now for your private tour.

If you would like more information or pics of this home go to http://www.goberealty.com/homes/10322-S-Silver-Mine-Rd/South-Jordan/UT/84095/57970082/

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A new elementary school in Daybreak's Creekside Village is anticipated to opeCreeksiden in the fall of 2017. Construction begins in the Spring of next year. The school will be located at approximately 10200 S and Kestrel Rise Rd. The Jordan School District is also slated to build a middle school on the same plat of land in coming years. The development of these schools are exciting news for current and future Daybreak residents. Building schools is a step in the right direction for the creation of more walkable neighborhoods within the community.

With South Jordan being ranked as one of the nation's fastest growing cities according to the U.S. Census Bureau, the promise of new schools is not only a convenience but also a necessary response to the growing

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What not to ask when selling your home: "What is my home worth?" or "What will my home appraise for?"  This is not the right way to understand the value of your home. An appraisal is an estimate of value or to put it more simply; one person's opinion of the value of your home. As we all know that opinion is not necessarily fact, it's important to know that there is no such thing as an absolute number that your home is worth

Here's what happened to one seller of mine. The buyer's appraisal of their home came in $70,000 below list price. Yikes! After hiring 3 different appraisers on the same house all 3 came back with very different "opinions" of value. After 2 weeks of convincing the banks, the buyers, and the REALTORS, I was able to sell the home for

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It is expected that Utah's population will double within the next 35 years increasing to nearly 5.4 million residents. Most Utahn's will be living in the concentrated area of the Wasatch Front. More people means more houses and more cars with a limited area of land. When it comes to housing most Utahns feel like high density housing is the solution.

Community Aerial Photo

Tomorrow's population issues are already being addressed today and the market is reacting. We are seeing smaller lots for single family homes and more apartment complexes developing with low vacancies. There has also been a demand for more dense neighborhoods designed for walk-ability and public transit. Residents have stated that these features are essential in keeping future housing and transportation

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I am constantly asked, "Is it a Buyer's market? or a Seller's market?"

We are in a unique situation right now so I can honestly answer, BOTH!

Some areas are in high demand and have low inventory. That is the definition of a Seller's market. An article in the LA Times explains how low supply is causing "fierce competition" in high demand areas. This is great news for sellers. If you have a home in the right place, and list for the right price, you could have a bidding war on your property. With higher competition, sellers can get top dollar for their home. Based on recent statistics these Hot Spots are a "seller's market".
 
Hot Spots to Sell (sellers market)
 
#1 - Saratoga Springs (84045)  $350K - $400K
Your chance of selling?     Homes for Sale
 
#2 - Salt Lake

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