Janet Naisbitt-Bagley

ERA Realty Center, Cedar City, Utah

Archive for the tag “foreclosures”

Happy Holidays Real Estate Newsletter Update From Naisbitt-Bagley Team, 435-865-1019, at ERA Realty Center December 2014

Happy Holidays Real Estate Newsletter Update From Naisbitt-Bagley Team, 435-865-1019, at ERA Realty Center December 2014

Happy Holidays, Merry Christmas and Happy New Year!  We wish you joy, happiness, health, love and success!  May your realty goals become reality!  We love this time of year!  Homes show beautifully at their holiday best and invite warm and happy feelings.  Most buyers looking are serious and ready to buy!

The Utah Association of REALTORS (UAR) Local Market Updates by County are attached.  Since it takes UAR approximately 2-3 months to compile the statistics, the October 2014 report is the latest and includes information for every county in Utah.  Iron County closed sales are up year to date (YTD) 2.9% in 2014 as compared to the same period of time 2013.  The Median Sales price in Iron County is up 6.9% YTD for 2014 as compared to 2013 YTD.  It is now $139,000.  This coincides with our statistics that show more homes in Iron County are selling in the lower price ranges.  Since we are a low income area, that is not surprising.  Obviously, buyers are still getting good deals for homes in our area even though the Median Price seems to be on the rise.

Homes are selling in all price ranges when priced correctly, but higher priced properties do not attract as many buyers due to the need to qualify for the loans.  Interest rates are still very low, and monthly payments are sometimes lower than rent.  Commercial and acreage are slow sellers.  Developers are not in the market.  Investors are looking for multi-units and single family homes.  There are way too many lots for the number of buyers available, but bargain prices are attracting buyers and new construction.

We are still seeing multiple offers on homes.  Please remember that the “Seller Calls the Shots on Multiple Offers” as pointed out in the November/December 2014 REALTOR Magazine.  “In any multiple-offer situation, it’s the seller, not the listing agent, who calls the shots.”  “The listing agent’s duty under Article 1 of the Code is to ‘protect and promote the interests of their client’ and to “treat all parties honestly.”  The seller makes the decisions not the agent.

When more than one offer comes in on a property, the agent must present all of them to the seller.  The agent must let the client know that they have 3 choices and provide a form for sellers to sign showing they received that information as required by Utah:  1.  The seller can counter one and reject the other.  2.  The seller can counter both of them as long as they use the Utah form that allows the seller to choose which offer they want if they are both accepted.  3.  The seller can request highest and best offer from all parties by a certain deadline.  The sellers’ right to choose which offer he wants is gold.  He doesn’t even have to choose the highest one if he doesn’t want to.  Janet is an example of that.  When she sold her home in Oregon, she got two offers.  She chose the one that wasn’t quite as high as the other because they were friends who really needed a home.  As said above, the sellers’ right to choose is gold!

Please remember that pricing and how properties look are of utmost importance in getting top dollar quickly.  Please feel free to consult with our team regarding value and making sure the property is in show-window condition.  Please do not count on assessed value being the sales price.   There is a reason why owners challenge their assessed values.  They are not always accurate.  Sometimes they are higher than the property will sell for in the current market.   The home or property is worth what a buyer is willing to pay, and the market decides that.  If the market rejects your property at a certain price, it is good to consider a reduction.

If you didn’t get your newsletter last month, please allow me to share the exciting news that Mathew Bagley just received the REALTOR OF THE YEAR AWARD from the Iron County board of REALTORS and Heather Roundy, ERA’s Broker, received the BROKER OF THE YEAR AWARD!  We are thrilled for both of them.  What an honor!

Please call for your free real estate consultation:  The Naisbitt-Bagley Team, 435-865-1019, ERA Realty Center including Matt Bagley (435-590-8788), Jennifer Corral (435-559-0366), Janet Naisbitt-Bagley (435-559-7772).  We love to answer your questions and concerns.  We work hard for you!  You can email us at naisbitt@inxsnet.com or text our mobile numbers above.

UAR October 2014

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2nd Fall 2014 Naisbitt-Bagley Team Seller Newsletter Update

2nd Fall 2014 Naisbitt-Bagley Team Seller Newsletter Update

Fall is here and the leaves are beautiful. Experiencing our 4 seasons in Cedar City and surrounding areas brings joy to the heart! However, if you haven’t WINTERIZED yet, now is the time! Freezing temperatures switching back and forth between sunshine and warmth! Avoid those terrible frozen pipes!

With the coming of fall, the excitement arrives for the holidays! Some think they should take their homes off the market! On the contrary, your home is very warm and inviting with decorations. Buyers purchase 90% on emotion according to statistics, and decorations often bring back warm feelings and love. Another positive for holiday showings, is that buyers this time of year are typically serious. They need to buy now! Buyers who don’t need to buy right away will most likely put of their home and land shopping until better weather and less busy schedules.

The Utah Association of REALTORS (UAR) county updates are completed and attached for August 2014! As I mentioned, it takes UAR approximately 2 or 3 months to compile the statistics for every county from the Multiple Listing Services (MLS), so these are the latest statistics available for you.

Interest rates are still low and buyers can purchase often with a payment of less than rent. Multiple offers often come in on properties priced for the market. Most homes sell below $200,000 but homes are selling in all price ranges when priced for the market. We are seeing buyers looking for primary residences as well as investment properties. Buyers are moving up and down and out of town and in town. Many buyers come from out of state. Commercial, land, lots are still slow movers and often discount prices to sell.

Good news: According to the report, August closed sales in 2014 were 25.6% better than 2013. Closed sales year to date (YTD) 2014 were up 4.8% as compared to 2013. Median sales price YTD is $138,000 which is up 6.2%.

In HomeFinder Spectrum and Daily News October 18, 2014 issue, there is a really good article titled, “Pay attention to defects that affect safety” by Frank Ross. It is addressed to buyers, but sellers can take note and prepare in advance of showing and selling the home. Also, the buyer will most likely have a thorough home inspection report that contains “…maintenance recommendations, estimated life expectancies, informational observations…”. The article names four categories that I believe are worth the seller addressing and fixing in advance if at all possible:

“1. Major defects…”

“2. Deferred maintenance or conditions that could lead to major defects…”

“3. Items that may hamper your ability to obtain financing, legally occupy or “insure the home…”

“4. Safety hazards…”

Sometimes the seller can fix a “minor thing” “like a missing stairway hand rail, or faulty GFCI receptacle” that may not cost much but could save a life later on. When the seller fills out his required “Seller’s Disclosures,” it is nice to list the item as fixed rather than not working. The buyers often want the price of the home discounted much more than it would cost for the seller to fix the item ahead of time. This can be as important as cleaning, painting and new flooring which are top priorities in preparing a home for sale.

We are sad that CML Mines has announced that it is suspending its production. According to Cedar City Daily News, “While company officials were not able to give out the exact number of employees, Dale Gilbert, president and CEO of CML Metals, said the layoffs will affect more than 100 people. We hope the future holds a reversal of that decision!

Pricing can affect the value of marketing. If the price isn’t right, the ad doesn’t attract a showing, so please contact us today for your free consultation on pricing, staging or any other concerns or questions you want to discuss!

Please let us know if there is anything else you want us to do to help you reach your goals. Call 435-865-1019 or email naisbitt@inxsnet.com. You can also text our Naisbitt-Bagley Team: Matt 435-590-8788; Jennifer C. 435-559-0366; Janet 435-559-7772 for top service. We want to help your realty dreams become a reality! We care.

UAR August 2014 Stats

Going Up? That is Where Real Estate Home Prices Seem To Be Traveling!

Buyers beware of rising home prices. Recently, we prepared a Broker Price Opinion for a seller. It was accurate at the time. Now the value has already gone up in my opinion. Why do I believe this is so?  A similar home just went under contract for more in the same neighborhood.  

With more buyers in our market and fewer homes, supply and demand seem to dictate higher prices. I recommend that you call the Naisbitt-Bagley Team today for your free tour of homes at 435-865-1019!  We want to help you make your real estate dreams come true while beautiful bargains are still available. Check out the homes for sale at http://www.homesincedarcity.com today 

You and Your REALTOR Both Deserve Loyalty!

Your real estate agent works hard to help you succeed in buying your home. It benefits you to have your own agent send you lists of homes that match your criteria and to make sure you get the new listings and price changes as they come on the market.

It benefits you to tour the homes for sale. It benefits you to have your agent write your contracts and negotiate on your behalf and then follow up with inspectors, lenders, appraisers, title company and more to make sure the sale closes.

When your agent is working hard for you, please be loyal. Your agent devotes time, energy and money to help you succeed. She gets paid only when your sale closes.

How would you feel if you spent hours and hours on a job, only to discover that your boss decided to give the last minutes of work to someone else and then pay them for the entire job with no compensation to you? Ouch. That hurts!

I believe it is very important to live by the Golden Rule in all of our dealings with our fellow man. Making a win-win situation for all parties with everyone working together should always be the goal.

I like to give educated, experienced, loyal top service to all my clients.

I am very grateful when my clients and customers appreciate my hard work and stick with me until they walk through the door of their very own home.

The greatest joy in my 30-year real estate career is to help my clients get the happy successful real estate results they dream of.

Please call the Naisbitt-Bagley Team at ERA Realty Center at 435-865-1019 or email naisbitt@inxsnet.com for help with all your real estate needs. You can also text 435-559-7772.

Buyer Qualifies For Home After Renting For Years!

May 31 and June 1 found me at the park on Main Street for the Cedar City Business Expo in the ERA Realty Center Booth. Since I am the HUD Resource person, information on HUD homes and other real estate information was shared. It was fun talking to friends and clients as well as meeting new people.

It was delightful speaking to one lovely woman who told me she would love to own a home and that she had been renting for years. She didn’t think she could purchase a home, but I explained with the low prices of homes and the low interest rates, she might even have a payment less than rent.

Good news! She spoke to a lender and qualifies! We are helping her find her dream home!

You may qualify too and not even know it! Why buy a home for your landlord when you can own your own home?

Please call the Naisbitt-Bagley Team today at 435-865-1019 or text Janet’s mobile at 435-559-7772 or email naisbitt@infowest.com today to learn ho to make your real estate dreams come true. They will work hard to make home buying fun and easy.

Your success may just be a call away, so please call today. You may be surprised at how low your payment can be!

Two Fantastic Days “Sharpening The Saw” For Real Estate

The Iron County Board of REALTORs’ Real Estate Convention ended today after 12 hours of excellent education, great food, information, and professional company!

The broker at ERA Realty Center taught the agents to “sharpen the saw,” which he said meant to take time out to learn and grow to be better prepared to do a superior job for clients.

Those who took advantage of this opportunity to attend the ICBOR Convention will excel in their career and have advanced knowledge of real estate contracts, water rights, foreclosures, short sales, death and estate planning as it relates to real estate sales, the Code of Ethics and more.

The training was valuable, timely and important in reaching our goals of professionally serving the public.

I want to especially thank Bob Fulton and all of those who made this excellent opportunity available to agents in our area. We certainly got the chance to “sharpen” our real estate skills to better serve our clients whether they want to buy or sell real estate.

Where Did All The Homes For Sale in Cedar City Go?

Cedar City Real Estate inventory is down, and sales prices have risen just a little. This seems to be causing a shift in the real estate market in trhe Cedar City, UT, area.

Where did all the homes for sale go? Some have been purchased by homeowners and investors. Some have been taken off the market by sellers who have noticed that prices are going up. They are hoping they will go up even more.

Last week I showed homes to buyers. The homes would be active and for sale and then suddenly would go under contract before we even had a chance to look at the home and write up the offer. Friday and Saturday, however, 2 homes were simply taken off the market even as I had buyers interested in them.

We need homes for sale while the buyers are here wanting to purchase them. There are no guarantees in this real estate market. Elevators go up and down and so do real estate markets. There is no qay to know the next few months. There is no crystal ball.

I believe that now is a good time to buy and sell. Please call the Naisbitt-Bagley team for your own free consultation and market overview to help you decide how to make your real estate dreams come true. This team has the experience and knowledge to help you get the results you want in today’s world of real estate. That’s the Naisbitt-Bagley Team at ERA Realty Center at 435-865-1019 or email naisbitt@infowest.com.

Repair The Home As Part of The Loan!

“What if the home of my dreams in the location I hope to live in needs repairs? What if my lender says I qualify for a loan, but the home I want does not.” This is a question I heard recently.

The above question can be answered with a happy, “You need a renovation loan!” With renovation financing, you get a loan that covers both the repairs and the cost of the home. There is one application, one closing and one monthly payment. The repairs are made after closing. This is not too good to be true. This is good and true!

What is the down payment for buyers looking yo occupy the home? With FHA, it is 3.5% on the whole package. You are looking at 5% down if you go conventional. Investors would need 20 to 25% down. Yes, investors can use renovation loans also!

How? Please call The Naisbitt-Bagley Team at ERA Realty Center today to find out the details at 435-865-1019 or email naisbitt@inxsnet.com. They would love to use their experience and expertise to help you make all your real estate dreams a reality.

Many of Our Homes Are Sold!

Do you want to sell your home? If you have been waiting for the right time, I believe that time may just have arrived. Iron County median price range and number of closed sales are both up. Multiple offers are coming in on some homes. I believe it is fast becoming a good time to sell as well as to buy.

Please call the Naisbitt-Bagley Team at 435-865-1019 at ERA Realty Center today for your free real estate consultation. Please note that if you owe more than the value of your home, the Naisbitt-Bagley Team is trained, experienced and certified to market short sales as well as all types of homes in all price ranges including luxury homes.

What is Happening in the World of Real Estate?

Both Matt and I showed homes today to 2 great families looking to move into their own happy home in the Cedar City, UT, real estate area. Both families have narrowed their searches to 2 attractive homes. The fun of the hunt is nearly over for them, and the joy of homeownership is about to begin when they choose their favorite!

What could possibly happen to change this happy scene? What if they both happen to choose the same home, or what if someone else makes an offer? If more than 1 person offers on the same home, the higher offer typically wins the home. Sometimes buyers offer more than list price in order to come out on top. The couple that loses out could go back to their second choice, but what if that one has just gotten an accepted offer? Then the race begins to start the search over and find your home, and buy it before someone else does.

This is a common scenario in our real estate market area. We have more buyers searching and fewer homes on the market. I recommend that buyers quickly get off the fence while incredible bargains still exist. Don’t give up if you lose out on an offer. Remember to try try again until you win the bid and move into your happy home. I believe you will always be glad you did!

Check out the bargains, short sales and foreclosures at http://www.homesincedarcity.com today. Then call the Naisbitt-Bagley Team at 435-865-1019 for your free tour of the homes you like or email naisbitt@infowest.com.

We can also send you the homes that match your criteria, and we can have automatic emails sent to you of homes as they come on the market that match that criteria. The price reductions would also come to you as they hit the market if we set you up for that free service.

Please let the Naisbitt-Bagley Team work hard to help you reach your real estate goals today.

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