Janet Naisbitt-Bagley

ERA Realty Center, Cedar City, Utah

Archive for the tag “homes”

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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Inventory Loss is Cause of drop in Home Sales

A homeowner came in to my office today to list his home for sale. We discussed a recent news article that both of us had read that prices were up but that the number of closed sales were down. We discussed the lack of homes for sale in our real estate market as the probable cause of both the higher prices and the lower number of closed sales.

When you have 3 or more buyers making offers on the same house, it stands to reason that the number of closings would go down because only one of the buyers got the home. The other buyers are still looking for their own home and will probably enter another multiple offer situation when the next home comes on the market.

Success in buying comes at a cost of patience. Some buyers end up making offers on 2 or 3 homes before they come out on top. It is possible that they may have to offer above list price to get their home.

Home prices are still at bargain levels even if a buyer pays more than list price to win. With the low interest rates that still exist, monthly payments can still be very affordable.

For a list of homes for sale including foreclosures and short sales and other bargain priced homes, call the Naisbitt-Bagley Team at 435-865-1019 or email naisbitt@inxsnet.com or text Janet’s mobile at 435-559-7772 at ERA Realty Center in Cedar City, UT.

The Naisbitt-Bagley Team will work hard to help you make all of your real estate dreams come true whether buying or selling.

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.

“Cedar slated for temple”

Everyone is calling, texting, and talking about the announcement at Conference by President Monson of the Church of Jesus Christ of Latter Day Saints that there will be a temple right here in Cedar City, Utah.

This is already a warm and friendly community in which to live. I have even had clients tell me they want to purchase a home here because, “It feels good and people even smile and say hi to you.” I am sure it will feel even better with the temple here!

There are several new companies moving here, and we have much for which to be grateful in our area.

It will be fun to watch the temple go up! What an exciting time to live here! We are blessed.

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.

It’s All About The Client When They Are Buying Their Own Home!

It’s All About The Client When They Are Buying Their Own Home!.

October Market Update

October 2012 Market Update for Cedar City, Utah

  • IT IS TIME TO WINTERIZE INSIDE AND OUT!  Freezing temperatures are at hand and can cause considerable damage if pipes freeze, etc.  Call with questions.
  • August 2012 UAR Local Market Updates by County are now available:  Iron County Closed sales are up 2012 YTD by 8.5% as compared to 2011 YTD.  August 2012 closed sales are actually up 13.6% as compared with August 2011. The median sales price 2012 YTD is $94,000 which is down only 2% as compared to YTD 2011 figure of $95,900.  The exciting thing is that the median price for August 2012 is $134,500 as compared to August 2011 of $107,500 which is an increase of 25.2%.  I do believe we are beginning to see an increase in sales prices as well as an increase in closed sales.
  • It appears that we do not have as many foreclosures on the market.  Banks are approving short sales, which means they sometimes do accept less than what is owed as payment on the mortgage.  If an owner owes more than a home is worth, doing a short sale may be an option.  Check with your lender for all options.
  • Interest rates are still a at historic low which is helping buyers qualify for homes while prices are still low enough to allow a mortgage payment lower than rent in many cases.
  • Home inventory is decreasing.  Homes in the lower price ranges are often experience multiple offers and sometimes sell above listing price.
  • Homes in all price ranges are selling if they are priced correctly, show well, and are advertised aggressively.  Multi-unit properties are selling.  Investors are here.
  • Lots, land, acreage, development land and commercial properties are still experiencing an extremely slow market with very few buyers and very little money available for loans.
  • Fall and Winter can be good times to sell with serious buyers looking to relocate.  It is true that there are typically not as many buyers as in spring and summer, but often there also are not as many homes for sale which evens out.  ERA Real Estate completed a survey to show who buys in the fall that was sent to me in an email from ERA Network News Thursday, October 4, 2012.  The survey also received national media coverage in RealtyToday.com and others.  The article points out that families with children tend to purchase based on the school year schedule which peaks in June or July.  However, many first-time home buyers purchase in the fall as well as Move-up buyers, downsizing and retiring buyers.  Investors stay in the picture in the fall as do military relocations and vacation buyers in that order.  The article points out that “Back to School Means Back to Business for Homebuyers.”
  • Dressing your home for the holidays can be warm and inviting to buyers.  Curb appeal is important as well as making home repairs in advance.  Since there is no way to know when your buyer will arrive, I believe in marketing aggressively all year long.  Please be assured that your home and property will continue to receive top marketing.
  • Pricing and showcasing are always top priorities.  Please call 435-865-1019 or 800-934-3742 for a consultation regarding market pricing and showcasing if your home or property has not sold.  You can also email naisbitt@infowest.com.  You can text or call Janet’s mobile at 435-559-7772.  Please check out your competition on the MLS in this real estate market at http://www.homesincedarcity.com.
  • Please let Janet and her team of licensed professionals know if you have any questions, concerns, problems or if you want to discuss the market or your property or anything.  We do always want to give you top service and be available for you, so please contact us today.  We have found that you know best when you want to hear from us.  This letter is to serve as our call to you with your real estate market update.  For more individual information, please call us at your convenience at 435-865-1019 or text or email.
  • We always want to give you top service with all of your real estate needs whatever they are.  We love referrals, so please let us know if you know of anyone that wants to buy or sell real estate.  We’d love our top experience, service and training to benefit your associates

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Don’t Be Surprised If You Share The Hope of Buying The Home You Love!

You may not be the only one making an offer on the home of your dreams.  Multiple offers are common, and buyers often offer more than list price in order to beat out the competition.

Is it still a buyer’s market?  Yes and No.  If you mean are there great buys and low interest rates on Cedar City, UT, homes for sale, the answer is yes.  However, there are more buyers offering, and there aren’t as many homes on the market.  Supply and demand seems to be indicating a turn toward a seller’s market in some price ranges.  Some buyers are even willing to pay above appraised value in order to win.

What should buyers do?  Start looking for your home right away. If you find the home you want, offer immediately.  How much?  Your REALTOR can show you sold comparables that will help give you an idea of what the home appraisal may be.  But note that buyers are sometimes offering above the sold comparables.

If you want a bargain and you don’t care if you get that particular home, go ahead and offer less than list price.  If you really want the home, you’ll want to offer at least full price.  Even full price may not be enough if you find your offer competing against multiple offers.  Buyers often offer above list price.

You’ll want to remember that a seller has the right to consider all offers up until he signs one.  His right to choose is gold.  He doesn’t have to come back to your offer at all if he has another offer he prefers, so you’ll want to make your offer the best you are willing to do.  You’ll want to offer enough that you won’t feel bad if you lose the home because you wouldn’t have wanted to pay any more anyway.

The seller facing multiple offers on his home has 3 choices as to how to respond to multiple offers.  He can reject one and counter or accept the other.  He can counter all of them however he wants with the clause included that if more than one buyer accept his counter he can choose which one he wants.  Another choice is that he can request all buyer’s highest and best offer.

If you do lose out to another bidder, don’t give up.  Sometimes you have to offer on 3 or 4 homes before you become the happy successful bidder. Make sure your agent will keep working with you until you own your home.  I believe you’ll always be happy that you joined the homeowners who are glad they kept trying until they bought their dream home.

Please call the Naisbitt-Bagley team at 435-865-1019 today for top experienced service with all of your real estate needs or email naisbitt@infowest.com.  You can text Janet or call her mobile at 435-559-7772 or call toll free 800-934-3742.

Check out the homes for sale at www.homesincedarcity.com including foreclosures, short sales, new construction and other bargain priced homes.  Then call Janet’s team 865-ten nineteen for your free tour of homes.

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