July Sellers Getting BIG Payoff

Posted by Help Now on Tuesday, July 3rd, 2012 at 6:52am.

The number of buyers looking at homes is increasing faster than the number of sellers. What does that mean? Supply levels remain tight, while the demand steadily increases. With limited inventory, the growing number of buyers is creating a highly competitive market.

More and more sellers receive multiple offers on their home. Multiple offers and competition commonly increase the final sales price of the home. Noel Crider recently stated, "Remember the 'roaring '90s?'... Multiple offers were the norm and offered sellers a generous selection of offers to choose. Believe it or not, we are experiencing a trend toward multiple offers...and there is evidence that this trend will continue as buyers compete in a market with limited inventory."

Many buyers are frustrated with the limited supply. Many sign up for free listings so they can jump on new opportunities as they arrive on the market. Speed is crucial, and being pre-qualified gives buyers the winning edge.

It is especially a good time to list your home if you live in a Hot Spot! Based on recent statistics, these are the top 5 areas to list your home. It is a great time to sell homes in these areas. If you don't live in one of these areas, contact me and we can evaluate the chances of selling your home! I can also send you a free repot of your area, so you can track your neighborhood's recovery rate.

#5
Zip 84102 (Salt Lake City)  Price Range $300K - $350K
Homes for Sale          Market History

#4
Zip 84105 (Salt Lake City)     Price Range $100K - $200K
Homes for Sale          Market History

#3
Zip 84109 (Salt Lake City)     Price Range $200K - $250K
Homes for Sale          Market History

#2
Zip 84042 (Lindon)     Price Range $200K - $250K
Homes for Sale          Market History

#1
Zip 84101 (Salt Lake City)     Price Range $100K - $200K
Homes for Sale          Market History

Complete Market History

About the Author:

Utah Dave - Neighborhood ExpertUtah Dave - Daybreak Neighboorhood Expert and Local Resident

My friends nicknamed me Utah Dave in high school because they said it didn't matter where we went in Utah, I would know how to get there and who we needed to talk to. The name sticks today as UtahDave has formed into a professional real estate network of Neighborhood Experts all across the state. I live in Daybreak with my wife and 4 amazing children. I enjoy dancing (which is how I met my wife Dawn) as well as traveling, coaching, and learning.

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