Janet Naisbitt-Bagley

ERA Realty Center, Cedar City, Utah

Archive for the tag “Homes for sale cedar city ut real estate agents”

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

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

Post Navigation

%d bloggers like this: