When you've found a home you love and want to make an offer on, one part of the process you should be prepared for is negotiation. Especially in today's "seller's market" where demand is much higher than supply in many areas, sellers have plenty of leverage, and negotiations are common within this process no matter what.

At Daybreak Living, we're proud to offer the best resources in Utah when it comes to finding new homes, townhomes, condos and other properties. We help our clients not only locate ideal properties, but also move forward with the offer and negotiation process. What are some tips we generally provide to our customers when it comes to negotiation, both in terms of good-faith actions and in terms of getting the most out of the situation?

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Daybreak has been deemed #5 in the U.S. for Top-Selling Master-Planned Communities of Mid-Year 2020! Year to date new home sales in Daybreak are up 40%! All this despite living through a pandemic. New home sales did have a small hit in March and April as stay-at-home orders we implemented. However as restrictions lifted there was a sudden surge of demand in home sales. 

Communities, like Daybreak, that are able to offer a variety of housing options and different price points continues to be key for growth in these master planned communities. Low inventory coupled with high demand keep builders and development busy expanding these areas. 

 

For more details

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This home was built by the same builder and is the same floor plan in Daybreak. Both of these homes were listed in the summer with top real estate agents. However, the result is very different…

HOUSE A

Sold for $83,000 less Than House B!!! 4 months on Market. Had an extra Fireplace in Master and 2nd Kitchen in Basement. Same style of flooring and paint as House B.

 HOUSE B

goBE SOLD by Utah Dave! Sold for $83,000 More than the other listing! Sold in the First Weekend on market. 

When choosing a good Realtor to work with make sure you choose one that has experience and PROOF of RESULTS! Call 801-966-4000 to see more proof.

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

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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)

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

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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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A new elementary school in Daybreak's Creekside Village is anticipated to open 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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There is a trend in the housing market and it has been going for 12 consecutive months! What is it? Increasing home prices. That's right, for the past year each month has had higher home prices than the previous year.

How much? The average single-family home price in Salt Lake County has increased 20% from last year. That brings the median price up to $228,750 (compared to last year's $192,500). Salt Lake County isn't the only one seeing this increase! Davis County had a 12% increase, along with Utah and Weber counties which each had double digit increases.

What does this increase mean for you? If you're thinking about selling your home this is great news. Low inventory is one of the driving factors of increasing home prices. You can capitalize on

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The New Year is a great time to review the past, evaluate the present, and plan for the future. If you have any resolutions involving Real Estate I have the resources to help you accomplish your goals.

Review the Past

Year to Year Home Sales Statistics

The housing market follows seasonal trends. This resource gives you a quick month to month comparisson over the past three years. It includes a year to date sales number so you can see how many more homes sold in 2011 versus 2010 and 2009. These graphs are broken down by Salt Lake, Utah, Davis, Weber, and Tooele Counties so you can look at the data most relevant to your real estate needs.     Last 18 Months in Depth This break down provides an in-depth look at the housing market right…