For the love of February 2016 Naisbitt-Bagley Team Seller Newsletter Update
Utah Association of REALTORS (UAR) Local Market Updates for December 2015 are now available. It took UAR two months to prepare this attached statistical report for every county in Utah. I look forward to reading the December report every year to get year to date (YTD) data for the whole years as compared to the previous year. Southern Utah is doing well as follows:
Iron County Closed Sales were up 27.3% for 2015 as compared to 2014, and the Median Sales Price was up 7.8% to $149,900. Washington County Closed Sales were up 13.7% for 2015 as compared to 2014, and the Median Sales Price was up 4.6% to $224,925. Beaver County Closed Sales were up 28.1% in 2015 as compared to 2014, and the Median Sales Price was up 6.4% to $125,000.
The entire State’s Closed Sales were up by 15.6% and the State’s Median Sales Price was up 6.3% to $228,500 for 2015 as compared to 2014.
2015 was an awesome year for real estate in Utah, and 2016 is expected to be even better. Sales prices are rising slowly and steadily. Foreclosures are only a fraction of what they were in the past. Investors are looking to buy multi-units and the demand for rental’s has increased. First time buyers as well as buyers downsizing and moving up are finding affordable dream homes. Existing residential sales top the market. Lots are selling but the inventory is much higher than the number of buyers. We are seeing a few commercial and land sales. Interest rates are low which has been instrumental in helping buyers enjoy affordable monthly payments. The health of the housing market and economy have improved. Buyers and sellers are both enjoying successful moves.
According to Zillow in an article in 2016 DS News, “All panelists agreed that the expected average annual home-value appreciation rate is now just over 3 percent, resulting in a national median home-value of more than $215,000 by the end of 2020.” Utah’s median sales price is already above that figure.
I believe a huge part of selling homes and property is curb appeal. When I was in real estate school, I learned that buyers purchase their own homes 90% on emotion. At first, I thought that was insane because that is a huge expense. I thought it should be a brainpower decision. I have changed my mind
over the years. Home has to feel good because that is where we go at the end of the day. It needs to feel warm and fuzzy. First impressions are critically important, so curb appeal is huge! Some buyers won’t even go inside a home that isn’t inviting!
For a quick sale at top dollar, I recommend improving the following to attract your buyer from their first look:
1. Stand in front of your home and picture it from the eyes of your buyer seeing it for the first time.
2. Is the landscaping beautiful with trimmed bushes and trees and no weeds? Does the yard look clean and fresh?
3. Is the exterior siding freshly painted, stained, cleaned and in good repair? If the home is brick or rock or other, does it look nice or are there problems?
4. Are the windows washed inside and out?
5. Does the entryway look welcoming with potted plants, wreath, new mat, nice house numbers, attractive door handle and door, and etc.?
6. Step back after you have completed sprucing up the exterior as listed above. Look again and see if there is anything else you can do. It is a good idea to go on-line and look at some of the homes
there to get ideas. Investing in curb appeal helps the buyer know you have taken good care of your entire home before they even walk in the door.
7. Of course, making sure the inside of the home is just as awesome is a crucial step!
Even empty lots sell quicker if they are easy on the eyes! We sold a lot in Enoch on the spot after the seller paid a little money to have it cleared!
Of course, top advertising is also required to sell real estate, and I don’t know of anyone that markets more aggressively than our Naisbitt-Bagley Team both on-line all over the world and in print! We market to buyers and to agents because we don’t know which agent your buyer will call! We may not be the one that sells your home or property, but we will be the reason it sells! We market our homes and properties on all 3 major multiple listing services (MLSs) in Utah. That is important for a quick sale and I don’t know another agent that does!
If your home or property are show-perfect and if the price is right, the sale can be quick and at top dollar. Isn’t that what you want? Overpriced properties do not sell, so please call our Team for a value
overview to see if a market adjustment in price is needed if your home or property isn’t sold now.
For your free consultation or if you have any questions, recommendations and/or concerns, please call our Naisbitt-Bagley Team at 435-865-1019 at ERA Realty Center or email firstname.lastname@example.org. You can text or call Matt Bagley at 435-590-8788, Janet Naisbitt-Bagley at 435-559-7772 and Jennifer Corral at 435-559-0366. We would love to hear from you!