Janet Naisbitt-Bagley

ERA Realty Center, Cedar City, Utah

Archive for the tag “houses”

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.

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.

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 Doesn’t Get Any Better Than First Time Happy Homeowners!

Excitement filled the air at the closing table this evening as a very excited young couple signed their closing documents and asked when they could pick up the key.  I found myself looking back to my first meeting with them and to the first house I showed them. They were so thrilled at the prospect of owning their own home.  Now their dreams and hopes have become reality. No wonder I love selling real estate!  Watching this delighted young couple look forward to moving into their new home gave me a warm fuzzy feeling of joy.


I find myself thinking about another couple that was middle-aged and the anticipation I saw in their faces as they contemplated selling their small home with the hope of finding their dream home and moving to a home with ample space.  It just doesn’t get any better than the feeling of satisfaction I experienced when I saw the joy in their faces after selling their tiny home and watching them move into their brand new spacious dream come true!


I believe selling real estate must be one of the most rewarding careers possible, and I am very happy to have enjoyed helping so many people make their real estate dreams come true.  It just doesn’t get any better than happy home owners no matter what their dreams come true!





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.

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


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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