EXHIBIT A: Listed with a different Brokerage
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
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…
A huge shout out to our goBE Realty Sales Team. Yesterday at the exclusive Daybreak Awards Ceremony goBE Realty was awarded the Top Real Estate Office Sales in Daybreak for 2015. That's not all though; Utah Dave was awarded the Top Sales Agent for New Home Sales in Daybreak for 2015! We also sold a total of 65 homes in Daybreak in 2015 alone. In addition the goBE team sold a total of 170 homes from Davis, Salt Lake, and Utah Counties. Give a "like" to help us congratulate this amazing team. — with David Marrott, Ryan Aycock, Josh Mills, Barbara Neilson Mills, Dave Robison, Julie Holmes,Tammy Burton Casper and Durven Wilson.
Same Builder... Same House... Same Area... Same Time on Market.... VERY DIFFERENT RESULTS
THEIRS: (LISTED WITH A DIFFERENT COMPANY: good experienced agent and brokerage)
On 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!
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…
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…
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…
Are you Proactive or Reactive with your seller?
Your seller calls you first. Your seller calls you for fliers, calls you for updates on showings, and calls you if you are going to do a price drop. They also call you to see what is going on. You tell them Im sorry ive just been busy, the market is crazy and Ill get back to you right away.
(What do they end up thinking? That they have to babysit you!)
The Loan officer that is reactive:
You call the loan officer and ask them if they have appraiser...the loan officer is hard to get a hold of, you are constantly calling them and asking them if its in underwriting if docs are available, etc.
(What do you end up thinking? That you have to babysit the loan officer.)