Real Estate Blog

 

 

 

When it comes to getting the most money for your home with the least headaches in the shortest amount of time, nothing can stop that process faster than overpricing. In fact, it's the number one reason houses don't sell.

As a real estate professional committed to happy clients who are eager to get the most from their investment, sharing this information with potential sellers is on the top of my to-do list!

 

  1. Timing is everything: Very often a seller asks, "We can always come down later — right?" Historically when your house goes on the market, the greatest potential for buyer traffic is in the first 30 days. By pricing it high with the intention of dropping the price later, you are
44 Views, 0 Comments

1. If I price it a little higher, I can always come down. While technically true, know that you're actually costing yourself more by taking this approach. A listing gets the most attention in the first 30 days. Overpricing your home leads to a series of price reductions -- which leads not only to a loss of initial momentum but also creates doubt in buyers' minds as to why the home has been on the market so long. Today's savvy buyers know what fair market value is. Price your home right from the start, and you'll have a listing so attractive that you may even cause a bidding war -- earning you more money in the long run.

 

2. I can make more by selling it on my own. While we certainly can appreciate wanting to save money, the truth is that the

39 Views, 0 Comments

Like in many industries, there was certainly some cause for concern in real estate when the pandemic came about. New listings, pending sales and closings all dipped in March and April as uncertainty swept the nation. Fast forward to June, and the Utah real estate market has seen a surge like no other.

We've seen record setting numbers both in our brokerage and this market: pending sales have poured in and closings are right behind them. Compared to last year at the same time, our pending contracts have doubled. While this buyer confidence is a promising sign for our market, it means that the pre-existing inventory shortage has only been worsened. So now what?

 Why is this happening?  

  • Federal mortage rates are at an all-time low: 2.99%
29,815 Views, 0 Comments