Janet Naisbitt-Bagley

ERA Realty Center, Cedar City, Utah

Archive for the month “November, 2012”

Why Is It Important For Buyers To Use An Accredited Buyer Representative (ABR)?

According to Today’s Buyer’s Rep, “When consumers become home buyers, they typically put a lot more effort into finding the property they want to purchase, instead of the agent they want to assist them.”  Actually, the agent the buyer chooses is every bit as important.

Buyers are encouraged to interview the agent they choose.  Training and experience are both important.   The designations behind a real estate agent’s name have meaning and should be considered since they benefit the client.  Those letters represent many hours of training by conscientious REALTORs who want to make sure they give the top advice available to help buyers get the successful results they deserve.

When buyers look for an agent, those little letters, “ABR,” behind the name do make a difference according to the National Association of REALTORs.  Knowledge and skill become very important when you are making one of the largest investments of your life!  Accredited Buyer Representatives receive extra training above and beyond to help buyers through the entire real estate transaction.

If your agent has top training and expertise, those skills will benefit you in negotiating your offer and writing your contract and much more.  Knowing the real estate market and touring homes is only a small part of the process.  There are inspections, title companies, appraisals, contracts, negotiations and many other details to deal with along the way.  The agent you choose could make a huge difference in making sure the terms and price are all included in your contract and that pitfalls are avoided.

In order to benefit her clients, Janet Naisbitt-Bagley of ERA Realty Center has worked hard to gain the special skills and knowledge to help you with all of your real estate needs.  She is an Accredited Buyer Representative (ABR) as well as an Associate Broker, Certified Residential Specialist (CRS), ERA Relocation Specialist (ERS), Graduate Real Estate Institute (GRI), Short Sale Foreclosure Resource (SFR), and SSE (Utah Short Sale Expert Certification).  Janet has also been certified to market luxury homes (International Collection).  She also has nearly 30 years experience as a top producer and has been honored with ERA’s 1st in service award, which is her favorite.

Janet and her team of licensed professional real estate agents would love to help you with all of your real estate needs whether buying or selling.  Please check out the free reports and bargains available on her website at www.homesincedarcity.com including short sales, foreclosures and other values available now.  Please call for your special tour of any home or for your free consultation regarding pricing and staging your home at 435-865-1019  or toll free at 800-934-3742 or email naisbitt@infowest.com today.

HAPPY THANKSGIVING!

In a few hours the table will be set and a delicious feast prepared!  It is amazing how blessed we are in this great country!

I look forward to tomorrow when 30 members of our family will be bowing our heads in prayer of Thanksgiving.  I can picture all of us as we ponder our great blessings.  An overwhelming feeling of gratitude springs into my heart as I contemplate our family spending this special day together.

I will be counting my many blessings.  Nothing gives me a better sense of “all is well” than believing that God watches over and blesses all of my family and all of us everywhere.

May God bless us all.

 

Is Real Estate Really Selling in the Cedar City, UT, area? Wow!

That’s the question I heard recently at a gathering I attended.  In one answer, “Yes!”  Homes are selling in most price ranges, but the lower ranges are attracting the bulk of the buyers.

According to statistics from the Iron County MLS from 07/01/2012-10/19/2012, 130 homes sold under $99,999.  Between $100,000 and $199,999, 174 homes sold which makes a total of 204 homes sold under $200,000.  Only 61 homes sold above $200,000. 

As you can see, homes are selling in the upper ranges, but there seems to be a race going on to purchase the lower priced homes.

Do I believe now is the time to buy?  That’s another question that I was asked recently.  Absolutely!  It would even be better if you could have already bought, but it’s a little late for that.  It’s not too late though!  Prices are still great and interest rates are exceedingly low making an affordable monthly payment for buyers who purchase now.  Go for it!

The most recent UAR statistics available show that Iron County closed sales are up 10.4% year to date as of September while the median sales price is up 10% at $110,000. 

Prices are rising.  I recommend buyers purchase their homes before prices rise out of their range and before interest rates rise.

Multiple offers are still coming in on homes in the lower ranges.  Homes often sell above list price. Homes are sometimes selling above appraisal as the market turns upward.

Would you like experienced, trained, professional top service?  Please call the Naisbitt-Bagley team at 435-865-1019 at ERA Realty Center.  We’ll work hard to help you make your real estate dreams come true whether you want to buy or sell.

Check out the inventory on the MLS at www.homesincedarcity.com for foreclosures, short sales and other bargain priced homes today.  Then please call Janet’s team at 865-1019 or email naisbitt@infowest.com for your free tour today.

 

Janet Naisbitt-Bagley’s November 2012 Newsletter! Wishing You a Happy and Grateful Month!

REMINDER:  ARE YOUR UTAH PROPERTIES WINTERIZED?  Frozen pipes inside or out are no fun!

The Quarterly Graphs for all the Iron County Board of REALTORs Multiple Listing Service (MLS) are attached for your review.  Real Estate is selling in our area, and ERA Realty Center remains #1!

Attached also are the latest Updates from the Utah Association of REALTORS (UAR) for closed sales and median price ranges.  Please check the counties in which you have interest.

Steve Florio of ERA Mortgage recently sent an interesting email with information from the Pending Home Sales Index (PHSI) maintained by the National Association of REALTORS (NAR).  According to a quote from his Email, “Pending home sales have increased on an annual basis for 17 straight months and the year-over-year increase last month were consistent across the country where all regions showed annual increases; in three regions those changes are in the double digits.  The PHSI is a forward-looking indicator measuring contracts for home purchases.  Signed contracts are generally expected to close in 60 to 90 days.”  This is good news for the national real estate market in my opinion.

Another quote from Steve’s email reports, “NAR is predicting that existing home sales will increase 10 percent in the fourth quarter of 2012 and 8.7 percent in 2013 to an annual total of 4.64 million units in 2012 and 5.05 million in 2013.  The Association also expects housing starts to rise by 45.3 percent in 2013.  The national median home price is expected to increase 6 percent this year and 5 percent in 2013 due in part to tightening inventories.”  It will be exciting and fun to see if these predictions prove true.

Steve Florio mentions in the email that some industry experts predict falling interest rates and some predict an increase in rates, but ”53% forecast that mortgage rates will remain more or less unchanged”  I think that it’s nice to know what the experts predict, even though there is no way to know for sure.

Our local real estate market is still bargain-driven.   Homes are selling in all ranges when priced correctly.  More homes are selling in the lower price ranges and continue to attract multiple offers.   Multi-family and single family home investors are back in the market due to low rates and prices.  Lots, land and commercial properties attract very few buyers since it is difficult to get financing and appraisals to support new construction prices.  We are seeing new construction but not developers.  Buyers with improved credit after foreclosures and short sales in years past are now returning to buy homes.

Janet’s  marketing continues to be aggressive.  I do not know of anyone marketing more aggressively.  Homes still must be priced correctly and show well in order to sell.  Please call for a consultation today to see if your property needs a market reduction in price or suggestions for a face-lift.  If we do not hear from you, we will assume you want us to continue to market at the price you set.

I hope this newsletter is helpful and informative.  It replaces our phone call updates.   Please call Janet’s team at 435-865-1019 or email naisbitt@infowest.com whenever you like with all concerns, problems and questions as well as to discuss the market.

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